Venue
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.
SGX’s new FX platform sees increased NDF trading from US firms
Sef exemption opens door to increased US buy-side interest
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.
Outsourced trading sees uptick as buy side seeks more bang for its buck
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
Tradeweb treads fine line as API trend brings challenges
Buy-side rates traders look to dodge platform’s interface but remain barred from cross-venue price-shopping.
No big boost to UK dark trading after Brexit
Expected explosion in hidden equity liquidity has failed to materialize
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.
Regulation of fixed income faces pivotal year ahead
Jo says the SEC’s Treasuries-focused regulatory agenda will come to fruition next year, and tech vendors will face the burden of those proposals.
UK divergence on trading venue perimeter threatens more costs and a complex compliance landscape
The FCA is in the middle of a tug of war over the definition of a trading venue. Will it diverge in a bid to present itself as a competitive market internationally or align with its EU partners?
TransFicc builds its own datacenters to cut outsourcing costs
The Ion competitor is looking for better control, lower latency, and improved redundancy.
In finance, all APIs are not created equal
With the rise of APIs, it’s easier than ever for companies to position themselves as open to collaboration and eager to provide access, but some of these access points tell a different story under the hood.
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
People Moves: Deutsche Börse, Talos, Gresham, Tradefeedr, and more
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
This Week: State Street/MarketAxess, Aquis, Linedata & More
A summary of the latest financial technology news.
Trumid, SGX Asia bonds JV faces uncertain future
Costly delays to launch of exchange sees backers slash headcount
Cboe completes integrations of triple acquisition, turns focus on risk and analytics
In 2020, Cboe Global Markets acquired three businesses in rapid succession. Two years later, the tech stack integrations are complete, and the now-combined entities make up the majority of the exchange’s rebranded Risk and Market Analytics Group.
One versus many: Firms question viability of UK CT model
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
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
SEC sets its sights on fixed-income platforms with Reg ATS revamp
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
Looming court battle could void SEC’s market data efforts
Litigation preview: What will the big exchanges argue in a court case to reverse the SEC’s initiatives?
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
Six partners with BMLL for best execution analysis
The Swiss exchange is using the vendor's data and analytics to provide insight to brokers around Swiss EBBO liquidity.