News
GoldenSource Upgrades Products To Facilitate LEI Usage
The enterprise data management software vendor has begun mapping to the legal entity identifier, which its customers can choose to use as an additional entity identifier or as their primary entity identifier
Instinet Joins IPC's Connexus
The agency-only broker, a company of Nomura, will provide a variety of its trading tools, including its Newport 3 EMS, Execution Experts algorithms, and low-latency SmartRouter, to users of the extranet.
All Options Selects Tbricks for Market-Making
Market-maker All Options has chosen Tbricks' automated trading platform to support its equity options and stock-index options operations.
NYSE Retiring LRP Ahead of Limit Measures
The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).
Numerix, JPMorgan Eye Cross-Asset Application of Volatility Model
A new Unspanned Stochastic Local Volatility (USLV) model, an alternative to established Heath-Jarrow-Morton (HJM) methods for modeling options volatility, looks to build on pricing analytics for credit derivatives.
Aberdeen Australia Increases Fund Order Automation To 50% With Calastone
Australian arm of the asset management firm adopted Calastone's order routing service because it can accept messages of any size and format, and because the vendor has shown commitment to the local market
ITG Canada Colocates With TMX
ITG Canada and its crossing network, Match Now, have completed their technology migration into the TMX Datalink colocation facility.
CFN Launches WAN Advisory
The firm's Net Transform wide-area network offerings will help firms optimize large legacy networks connectivity.
Apogee Leadership Team Joins Gravitas
The management team of Chicago-based consultancy Apogee Strategies has joined Gravitas, an India-based technology provider to the alternative investment industry, following a joint venture launched in 2011.
Nasdaq OMX to Acquire eSpeed Platform from BGC
Nasdaq OMX has announced that it will purchase BGC Partners' US treasuries-trading platform, eSpeed,for $750 million and contingent stock issuance.
Finnish Banks Hand Compliance Burden to SunGard
A trio of private banks from Finland have signed SunGard for support with risk management and performance.
BNY Mellon Taps Sakati for Securities Financing Program
BNY Mellon has named Dean Sakati as head of strategy and business development for its securities finance division, which resides in the company's Global Collateral Services (GCS) business. GCS currently services $2 trillion in global collateral.
Bloomberg Ups Nasdaq Tape C Admin Fee
Bloomberg is increasing its monthly administration fee for the Tape C feed of Nasdaq Level 1 data from $2 to $3 -- a seemingly insignificant increase, though end-users say it increases the vendor’s administration revenues while firms are still struggling…
Wizards of Oz: Why ‘Down Under’ Doesn’t Mean ‘Down-and-Out’
Australia is about as far as you can get from the financial centers of New York, Chicago and London. But that isn’t stopping Antipodean entrepreneurs from setting their sights further afield.
Nasdaq OMX and CME to Trade Market Data By Microwave
Colocation customers of Nasdaq OMX and the CME Group will be able to receive market data from the other exchange in record time, thanks to a microwave connection set up between their respective data centers in Carteret, New Jersey, and Aurora, Illinois.