B-next Launches CMC:Cloud via Elektron

Surveillance and compliance technology vendor b-next has launched its CMC:Cloud solution for financial institutions, via the Elektron network from Thomson Reuters.
The solution, which will offer the b-next CMC:Suite on a software-as-a-service (SaaS) basis, will provide investment banks, brokers, multi-lateral trading facilities, asset managers, hedge funds and private banks with a new alternative to on-premise only installations.
The evolving market and changing regulation has caused capital markets firms to request compliance as a cloud solution for risk and compliance management activities. Use of the CMC:Suite via cloud will allow firms to deploy European Securities and Markets Authority (ESMA) and Securities and Exchange Commission (SEC) insider dealing and market manipulation controls quickly and efficiently, from both local and central locations.
Out-of-the-cloud delivery is particularly attractive for small- to medium-sized institutions as it enables these to employ state-of-the-art compliance software structured around current industry best practice without upfront investment for hardware, and without the staffing requirements to run and maintain the system. As hosting and maintenance occurs on the Thomson Reuters Elektron platform, costs remain low.
Wolfgang Fabisch, CEO at b-next, says the significant interest and uptake in cloud compliance solutions is a real milestone for the industry and they are confident that the combination of b-next's technology, on Elektron, backed by reliable and experienced implementation and support teams, will help market participants rise to the challenges in the capital markets.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Larry Fink: ‘We need to be tokenizing all assets’
The asset manager is currently exploring tokenizing long-term investment products like iShares, with an eye on non-financial assets down the road.
Examining how adaptive intelligence can create resilient trading ecosystems
Researchers from IBM and Wipro explore how multi-agent LLMs and multi-modal trading agents can be used to build trading ecosystems that perform better under stress.
S&P Global partners with IBM, Eventus launches Frank AI, Tradeweb expands algo execution abilities, and more
The Waters Cooler: Arcesium makes waves with Aquata Marketplace, NYSE Cloud flows into Blue Ocean Technologies, and more in this week’s news roundup.
Robinhood looks to ‘Chaos Monkey’ for op resilience playbook
As firms look to break down silos across business divisions to bolster operational resilience, the US broker is ditching emails, while utilizing chaos engineering and automating everything in sight.
Bank of America’s GenAI plan wants to avoid ‘sins of the past’
Waters Wrap: Anthony spoke with BofA’s head of platform and head of technology to discuss how the bank is exploring new forms of AI while reducing tech debt and growing interoperability.
TMX Group buys Verity, Deutsche Börse puts market data on-chain, and more
The Waters Cooler: The Texas Stock Exchange is SEC-approved, FalconX launches 24/7 access to OTC crypto options, and the CFTC needs a chair.
WatersTechnology latest edition
Check out our latest edition, plus more than 13 years of our best content.
24/7 trading roll-out risks pushback, industry veterans say
DRW’s Wilson warns of “mutiny” on non-stop rate options trading.