WatersTechnology investigates the torturous journey to create a stock-trading database for the US, and where the project goes from here.
Financial firms with a data or technology ‘vendor’ arm developed in house are finding that separation can benefit both business lines. Max Bowie speaks to companies that have spun out from other organizations about the good, the bad, and the ugly aspects…
The past two weeks have seen some major announcements that point to fintechs being even more disruptive than in years past.
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
The SEC’s Consolidated Audit Trail (CAT) of US equities trade data hit a fresh snag in late 2017, missing a major deadline for reporting, blaming insufficient cyber defenses. As it marches into another crucial year, Tim Bourgaize Murray reports on the…
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
The need for the CAT to be a top priority.
Dan DeFrancesco chats to IBM's Ron Lefferts about his firm's role in creating and managing the database underpinning the Consolidated Audit Trail, set to come online in November this year.
On January 17, the self-regulatory organizations announced that Thesys Technologies had won the right to build the Consolidated Audit Trail, putting it in charge of what will be one of the biggest financial technology projects in the history of the…
Thesys choice upsets the status quo.
Vendor selected from 31 bidders to build, implement and maintain the Consolidated Audit Trail.
Questions remain about whether the current clock drift between exchanges and broker-dealers will allow for accurate data.
What still lies ahead for the Consolidated Audit Trail?
One month ago, on April 27, the Securities and Exchange Commission published its plans for a mandated Consolidated Audit Trail (CAT) for public comment, along with an economic analysis of the initiative, which it estimates will cost the industry $2.4…
French FPGA feed handler and data platform provider NovaSparks and New York-based Thesys Technologies, a provider of low-latency data, trading and risk solutions have integrated their offerings so mutual clients can apply the performance gains of…
Anthony takes notice that more-and-more buy-side firms are looking to sell their internally-built technologies. Can they compete with true third-party providers?
The SEC has shown global regulators the way with its adoption of Tradeworx’s Midas market data feed and plans for software testing and a consolidated audit trail. But is it too little, too late? By Steve Dew-Jones