Trading Tech
The Lost Generation of Corporate Bond Platforms
Corporate bonds today remain among the most manual instruments to trade. But it did not have to be this way. Starting as far back as the late 1990s, attempts have been made to automate institutional credit trading. In part one of this two-part feature,…
Nasdaq OMX Launches Derivatives Venue NLX
Nasdaq OMX is today launching NLX, its new London-based derivatives market after it received regulatory approvals and announced its initial participating institutions.
Newedge Deploys Succession Systems for Pre-Trade Risk Management
Broker-dealer Newedge has rolled out Succession Systems’ TripleCheck product, ahead of the May 31 deadline for entities trading in Canada to comply with Investment Industry Regulatory Organization of Canada (IIROC) rules regarding automated trading risk…
Striking a Balance on Operational Risk
The culture within the financial services industry has, unsurprisingly, become much more risk aware since the 2008 crisis. Under such conditions, how can fund administrators balance managing operational risk against achieving efficiencies, while at the…
'Trust But Verify’ Key to Contracts Post-Bloomberg Spying Scandal
With renewed focus on security protocols for data and communications, conventions already in place for trading platforms are a good place to start.
RMS, Eqecat Sign Data Standardization Agreement
The pair of competing specialist modeling vendors for insurance-linked securities (ILS) like catastrophe bonds have come together to harmonize their exposure data schema.
Clearstream Nudges DVP Settlement in Russia
Clearstream has announced it will deliver its new Russian delivery-versus-payment (DVP) settlement solution later this week, to help accelerate the set-up of an effective post-trade framework in Russia.
Chi-X Canada Launches CX2
Chi-X Canada ATS has announced the successful launch of its second Canadian alternative trading system, CX2.
Nasdaq Fined $10 million for Facebook IPO Failings
The US Securities and Exchange Commission (SEC) has levied a $10 million fine on exchange operator Nasdaq, in response to its system failings while conducting the initial public offering (IPO) for Facebook.
Citi Opens ‘Open' to Client Base, Improves Order Entry and SOR
After working with its buy-side clients and vendors, Citi made several announcements today: It will now make available its Citi Open algorithm to its entire client base; it has enhanced its Citi Close algorithm; it has redesigned its global order-entry…
New Vernon Capital Moves to Gravitas Cloud
Jersey City-based asset manager New Vernon Capital has migrated its infrastructure to Gravitas Private Cloud.
CQG Lowers Latency on Deutsche Börse Event-Driven Trading
Denver-based vendor CQG has partnered with Deutsche Börse to provide automated, event-driven trade execution via the AlphaFlash Trader application through the CQG Integrated Client and CQG Trader application programming interfaces (APIs).
PEAK6 Chooses SunGard for Investment Management
PEAK6 Advisors, a Chicago-based asset manager specializing in alternative investments, has gone live with SunGard's Front Arena and Monis solutions for portfolio and risk management, valuations and trade processing.
NLX Gains Regulatory Approval for Launch
Nasdaq OMX NLX and LCH.Clearnet have announced that they have received the prerequisite regulatory approval to launch trading and clearing on the new NLX derivatives venue, commencing Friday May 31.
EDI, OTC Markets Group Partner On Corporate Actions
The data vendor and operator of marketplace platforms have teamed up to provide corporate actions data on companies trading on OTC Markets Group's OTCQX, OTCQB and OTC Pink marketplaces
JC Rathbone Taps Quantifi for CVA Analytics
The risk management and advisory services consultancy firm, JC Rathbone Associates (JCRA), has selected Quantifi’s credit valuation adjustment (CVA) product as its primary solution for counterparty risk analytics.
BI-SAM to Expand Asia-Pacific Operations
Paris-based vendor BI-SAM is expanding its operations in Asia-Pacific to support the growth occurring in the region.