Trading Tech
This Week: JP Morgan, Broadridge, Lloyds, JSE, Schroders, and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Navigating the buy vs. build debate
Adaptive Financial Consulting’s Matt Barrett joins the podcast to discuss how firms decide to build or buy.
Bloomberg creates one-stop shop for portfolio managers on Terminal
PM <GO> is a new workstation meant to support buy-side decision-making from analysis to implementation.
Getting up to speed: Shortwave Chicago-London link clocks under 25ms
Industry benchmarking body Stac reports audit findings on the latency and throughput of Raft Technologies’ Chicago-London links.
New threats, old foibles prompt banks to switch GRC vendors
Op Risk Benchmarking: more than half of participants are reviewing or switching systems
Has cloud cracked the multicast ‘holy grail’ for exchanges?
An examination of how exchanges—already migrating to the cloud—are working to solve the problem of multicasting in a new environment.
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.
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SGX’s new FX platform sees increased NDF trading from US firms
Sef exemption opens door to increased US buy-side interest
ICE to offer ultra-low latency data between the US and Europe
The offering will run eastward, connecting routes in the US with European markets in London, Frankfurt, and Bergamo.
Vendors under new scrutiny in CFTC due diligence push
The planned cyber resilience regime will force dealers to subject “critical” tech vendors to stricter audits.
Integration looms large for buy-side firms deciding on whether to buy or build
As high-speed trading systems become par for the course, asset managers turn their focus to integration capabilities, according to a new study.
Refinitiv’s PermIDs: Converting needs into opportunity
Refinitiv’s PermID framework was conceived as a proprietary tool to address an internal challenge around identifying objects in the firm’s information model. Once it had proved its worth, it was rolled out to the firm’s clients to significant success.
FX-style crypto platforms could bridge gap with TradFi
Emergence of execution-only ECNs, prime brokers and clearing houses brings new confidence in crypto
Technology trends in capital markets: Transforming the sell-side FX front office
The capital markets landscape is witnessing a technological revolution – a wave transforming the sell-side FX front office. Firms such as smartTrade Technologies are at the forefront of this transformation, leveraging technologies such as artificial…
Locking down the lifecycle: Trading Technologies turns to analytics and TCA in latest acquisition
The tech provider gains TCA, analytics, and algo optimization tools as established vendors vie to build more comprehensive platforms.
Bloomberg rolls out integrated alt data for Terminal users
The initial launch includes consumer spend and foot traffic geolocation data—pre-integrated with all the other data on the Bloomberg Terminal.
Behavioral analytics: the data trend that has asset managers looking inward
Vanguard and others are building tools that “nudge” investors to make better investment decisions.
Six banks team with Expand Research to create data vendor catalog
The initiative aims to help firms better manage the data they already use and to identify and compare alternatives available in the market.
Nasdaq moves second matching engine to AWS cloud
The exchange and its cloud partner are encouraged by the smooth migration so far—and also by capacity and latency improvements from running in the cloud.
Increasing securities settlement successes with unique transaction identifiers
Major improvements have been made to the securities services operating model over the past decade, but inefficiencies in trade settlement processes remain, leading to thinning margins and longer settlement cycles. Key to addressing these challenges is…
Goldman’s Marquee is a gradual revelation
Multiple apps are being corralled into a sticky cross-asset ecosystem, updated with Python and cloud
ASX, SGX earnings driven by diversified revenue
After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
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.