Trading Tech
First, React: Systems Performance Should Be Visually Evident, Not Contractual
Data tells the tale of what markets are doing, what's aberrant, and why rarely, if sometimes spectacularly, things go wrong. Systems performance tools provide those signals, just as exchange venues provide tick data. Firms are beginning to figure out how…
Bloomberg Wins CFTC Green Light for SEF Operation
Bloomberg has announced that the US Commodity Futures Trading Commission (CFTC) has given it temporary registration approval for the operation of a swap execution facility (SEF).
Consultant J&J Helps Build FinQloud's Reputation
In these early months of its existence, Nasdaq OMX FinQloud benefits as much from the reputational boost its clients provide as from the profits they bring in.
Numerix Integrates FVA Framework
The analytics provider has added a new framework for sell sides to calculate funding valuation adjustment (FVA) for arbitrary instrument types, including bespoke instruments with optionality, callability, and triggers such as Bermudan swaptions.
Scivantage, Broadridge Partnership Delivers Recon to Maxit
Scivantage has tapped Broadridge Financial Solutions' consolidated business process outsourcing solution to support reconciliation activities for certain procedures for its cost-basis reporting platform, Maxit.
ITG Brings Posit Alert to Mexico
Agency brokerage ITG has launched Posit Alert─its platform for sourcing large block orders of liquidity─for Mexican equities.
Open Platform: Value at Risk - The New Data Challenge
Following the financial crisis, the industry is reevaluating how it uses and calculates Value at Risk. But more accurate and frequent VaR needs the ability to capture and analyze more frequent underlying data, requiring a new approach to risk data…
Linedata Service Tackles Hedge Fund Compliance
Linedata, the Paris-based solutions provider, has unveiled Linedata Compliance Managed Service to address the complexity of global hedge fund regulations by incorporating rule monitoring across different geographies and jurisdictions.
Bailard Switches to Indata's iPM Cloud
Asset management firm Bailard, which is headquartered on the outskirts of San Francisco, is now live on Indata's iPM Cloud platform, the vendor's hosted environment.
Deloitte Study Finds Increased Risk Management Tech Spend
The eighth biennial survey on risk management practices concluded that almost two-thirds, or 65 percent, of financial services firms have upped their risk management and compliance spend. 58 percent say more increases are expected in the next three years.
TeraExchange Files SEF Application
TeraExchange has announced that it has submitted an application to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
Aquis Exchange Makes Two Announcements
Members of Aquis Exchange, the proposed European stock exchange, will be able to access its trading platform via the BT Radianz Cloud financial network.
BSC Proposal to Introduce HFT Tax Criticized
Late last week, the UK's Business Select Committee (BSC) called for the introduction of a tax on high-frequency trading (HFT) activities, a move that has been roundly criticized by the financial services sector.
Sapient, EEX Tackle REMIT Reporting
Sapient Global Markets is now a certified implementation partner of the Leipzig, Germany-based European Energy Exchange, which is beefing up its transparency and reporting portal to help wholesale energy providers comply with mandated Regulation on…
Anthony Malakian: No Reconciling Dependency on Excel
According to some reports, 70 to 80 percent of reconciliations at major financial institutions still take place through the use of manually intensive, spreadsheet-based platforms. Anthony says that in today’s environment, this is simply unacceptable.
Risk Management a Challenge When Algos Go Rogue
In an article published in May, Waters explored the problematic task of performing market surveillance in automated, high-frequency trading environments. Another challenging area for algorithmic trading is that of risk management, when questions of risk…
