Order and execution management system (OEMS)
What is Aladdin Trader? BlackRock’s fixed-income tool still a mystery
Sources tell WatersTechnology that Aladdin Trader will expand on the platform’s ‘limited’ execution functionality.
LiquidityBook buys Messer in effort to beef up portfolio management capabilities
The OEMS provider has purchased the Hong Kong-based PMS provider—but don’t say it’s solely a play for the buy side.
Goldman’s Marquee is a gradual revelation
Multiple apps are being corralled into a sticky cross-asset ecosystem, updated with Python and cloud
Terminal velocity: MarketAxess bets on algo trading as electronification of fixed income gathers speed
MarketAxess hopes to bring fresh ideas from other asset classes with acquisition of multi-asset algorithm provider Pragma.
Shall we compare thee to a multilateral trading venue?
As regulators confirm that perimeter guidance applies to tech firms, the focus shifts to enforcement.
Charles River, software, data sales drive State Street in Q2
As traditional revenue lines declined at the custodian as a result of market forces, front-office software sales made big gains in its quarterly results.
Broadridge rethinks the OMS
Through its partnership with Glue42, Broadridge is bringing together the best components of its agency trading and market-making solutions.
Waters Wavelength Podcast: Fixed income execution & innovation
This week, Spencer Lee, chief markets officer at TS Imagine, joins Tony on the podcast to discuss execution issues and innovation within the fixed income space.
LiquidityBook looks to displace Fidessa as sell-side OMS of choice
What began as a small buy-side technology offering, now has ambitions to oust Fidessa in the sell-side OMS space. LiquidityBook, now armed with a handful of ex-Fidessa employees, has secured the product expertise. Can it secure the clients?
More trading venues face extra supervision under FCA plan
“Woolly” rules fuel concern that bulletin boards and tech providers could be swept in
Rival platforms battle to control electronic trading of CLOs
Octaura has the backing of dealers, while Kopentech is leaning into its buy-side roots
FDC3 creator sets sights on cloud-based interop with new company
Nicholas Kolba’s new venture aims to provide cloud-based interoperability for financial services apps—free of desktop containers and proprietary implementations.
Bloomberg’s Aim-Port integration highlights broader industry interop push
The data giant is creating tighter back-end interoperability between its buy-side platforms and using APIs to connect with other third-party providers.
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
This Week: Ice, SS&C/Morningstar, Deutsche Börse/DataBP, RBC & More
A summary of the latest financial technology news.
This Week: FIS/Microsoft, Bloomberg/MSCI, Higo/Tora, & more
A summary of the latest financial technology news.
This Week: Ice, FCA, HSBC, UBS & more
A summary of the latest financial technology news.
EU trading venue definition could crush innovation, say bank execs
Firms worry that regulating a broader net of firms could unravel progress in fixed income electronification and raise costs for market participants
LSEG-Tora: A tale of crypto, Asia expansion and (more) integration burdens
When LSEG acquired Refinitiv, it added Eikon, FXall, and AlphaDesk to its portfolio of execution platforms. In February, the exchange also bought Tora, which has a stronghold in Asia, as well as a presence in crypto. While sources say there are clearly…
Money.Net returns, plans launch of new terminal in early 2022
Last year, the low-cost data vendor filed for—and emerged from—Chapter 7 bankruptcy protection after facing financial woes and a lawsuit from former investors. This new iteration will be led by several execs from broker Gain Capital.
FactSet EMS adds fixed-income trading capabilities
Portware is already integrated with fixed-income electronic trading platform Trumid, as well as Tradeweb, MarketAxess, and Bloomberg.
Definition of a trading venue: Reg review risks ensnarling tech vendors
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
Waters Wrap: Some random thoughts about Big Tech disruption and M&A in Q4
Anthony looks at what he thinks will be the biggest topics during the last quarter of 2021.
‘Connect’ schemes will force Chinese buy side IT overhaul
Initiatives that provide greater access to international markets, like the Stock Connect and Bond Connect programs, will drive change at Chinese asset managers struggling with legacy trading technologies.