Operations
Backstop Solutions Raises $20 Million
The investment will help accelerate software upgrade projects and potentially fund new acquisitions.
Glitch in New System Halts Euronext Open
Euronext suffers from its second technical glitch this year, with trading halted for several hours.
EDI Switches to API, Expands Datasets
Exchange Data International is branching out from reference data and changing its delivery method.
Quantitative Brokers Preps Asia Expansion
The enhanced presence and a move beyond rates are a result of new CEO Ralf Roth's plans to scale Quantitative Brokers' business beyond its core interest rate futures focus.
Coronation Automates Corporate Actions
Coronation Fund Managers goes live with SmartStream's corporate actions automation solution.
CryptoCompare Taxonomy Maps Crypto Universe
Crypto map and analysis is a step toward regulating and legitimizing virtual currencies.
Ripple Targets Correspondent Banks in Southeast Asia
The firm recently added Siam Commercial Bank to the network, allowing the bank to act as a clearing provider, and receive and forward on payments.
Nice Actimize Debuts AI-Powered Platform X-Sight
The platform is cloud based and will use machine-learning strategies to develop insights.
Wavelength Podcast Episode 142: AWS Talks Cloud Adoption in the Capital Markets
Also: Trading Technologies is developing an OMS for the sell side and Orbital Insight is embracing a platform-as-a-service model.
Identitii Preps APAC Expansion to Grow Payments Data Blockchain
The vendor will use the A$11 million raised from its recent IPO to further develop its platform and experiment with additional use cases for its technology.
Inverewe Capital Expands Partnership with Linedata
The investment manager was previously working with Viteos for some of its middle office needs.
Ex-ISE BizDev, Ops Exec Joins Crypto Exchange Gemini
Hightower-Sellitto's hire follows the recent appointments of a general counsel and former NYSE technology exec Robert Cornish as CTO as Gemini beefs up its management experience.
Axioma Launches Cloud Platform
The platform will offer access to Axioma's range of products while offering scalability and flexibility.
Xetra Fault Delays Deutsche Börse Opening
This is the second time this year there has been a delay at the exchange due to issues with the system.
Broadridge Appoints Carey to Head Global Technology
Carey will oversee the vendor's technology business across the globe and report directly to the CEO.
NEX Partners with Capitolis for FX Novation
NEX will provide connectivity to the Capitolis novation platform through NEX Infinity.
Experts Warn on Data Quality for AI Projects
Speakers at the Buy-Side Technology North American Summit said a single source of quality data is where AI projects should start.
Established Exchanges Eye Crypto Swaps, Futures
ErisX will be launching a derivatives exchange and clearing organization, while trueDigital is releasing a bitcoin swap contract.
Mind Your Language: Surveillance Systems Tackle Conduct Risk
While advanced voice analytics technologies have been around for years, banks have often used them as a blunt instrument, or a regulatory checkbox. Now they are increasingly seeing them as useful tools for managing conduct risk and employee protection…
SimCorp to Open Tokyo Office
Vendor sees the Japanese market moving towards more high-yielding strategies.
Axioma Buffs Risk Platform with Data Cache and Dashboards
The separate cache stores risk calculations so reports don't have to be rerun and are generated faster.
Lightpoint Completes Series A Financing Round
The company will use the funds to further develop its cross-asset platform and expand its distributed-ledger program.
Liquidnet Preps Discovery for Asia Clients
Structure of Asian markets means new tool has to roll out later than Europe or the US, but will incorporate feedback from those regions.
DTCC, Symphony Partner to Offer Faster Exception Resolution
DTCC will integrate Symphony's chat capabilities with its DTCC Exception Manager platform.