Trading Tech
Duplicate Reporting Remains Major Issue for CAT Going Forward
Requiring SROs to report data to obsolete platforms is counterintuitive to the entire industry.
CMB International Taps Fidessa’s OEMS for Centralized Asian Trading
Hong Kong-based subsidiary of China Merchants Bank implements order and execution management system for Asian trading operations.
McKay Brothers Expands Into Asia With Tokyo-Singapore Route
A hybrid of undersea fiber and microwave connectivity is enabling McKay to deliver the lowest-know latency between Tokyo and Singapore.
Exegy Sets Up Managed Services Support in London
The vendor says the move is in response to increased and anticipated demand for its solutions in the region, delivered as managed services.
SEC Approves CAT Plan, Will Select Firm to Build It Within 2 Months
The regulator modified several points of the NMS plan prior to approval.
Vela Taps Cassin, Cadman for Product Strategy
The long-standing data execs will help the vendor work more closely with clients and develop future strategies.
West Highland Debuts Systems Overview Dashboard
The dashboard will provide a high-level view for managers to monitor cost and performance, from where they can access more data in West Highland's underlying platforms.
Redline Offers Exchange Data Simulator to Clients for Systems Testing
The tool will help firms test the robustness of their systems against realistic market simulations, before they deploy them live.
Qineqt Expands NY Team to Fuel Growth
Crespy spent 18 years at Bloomberg, some of it alongside Qineqt chief product officer Sara Noble.
Open Platform: ‘Open’ Season: The Case for Cloud Web Containers in Fintech
Xinfinit's Alan Hutton outlines the argument for why open-source and cloud can and will replace traditional approaches to building data displays.
SEC Eyes Risks in Rapid Fintech Deployment
“We’ve hired a few quants that used to design HFT models and worked at HFT firms. We’ve actually been working on—and have a prototype for—high-speed analytics on trading. That’s something our quant team has worked on a lot over the past year."
Liquidnet Aims to Take Power from the Sell Side with Virtual High Touch Launch
New trading solution combines data analysis, adaptive learning algorithms, unique liquidity search tools, and real-time analytics.
APFIC Panelists: LEI Registrations Must Move Faster in the Next Year
There are about 470,000 LEI registrations so far, with only about 15,000 in Asia
Neptune Adds Citi, Deutsche Bank to Open Standard Bond Trading Network
Citi and Deutsche Bank join buy/sell side collaboration network aimed at improving pre-trade bond indication sharing
Cloud Vendor GTT Buys Hibernia Networks for $590M
Hibernia's low-latency undersea cable between the UK and North America will soon be under GTT's ownership.
Virtua IR Clients Get Wall Street Horizon Events Data
Clients of Virtua's analytics platform will have acces to a limited set of Wall Street Horizon's events data, with the option to subscribe to its full dataset.
Mizuho Taps Wolters Kluwer for Risk, Regulatory Reporting
The bank will use Wolters Kluwer's solutions suite to perform calculations and reporting functions, in line with upcoming regulations.
EC Delays New Investment Products Legislation Over Key Info Documents
Regulation postponed after technical standards rejected will now take effect at the same time as MiFID II.
Wolters Kluwer Brings Regulatory Reporting Expertise to FCA's TechSprint Event
Already underway, the FCA's hackathon-style event will bring together market participants to contribute to new regulatory technologies.
To Reduce Cyber Vulnerabilities, Cut Back on Email Needs
Maitland's head of hedge fund services discusses cybersecurity and how the firm is restructuring.
Metamako Unveils Filtering Device, Speeds Metamux Switch Latency
The new MetaFilter device has numerous applications when used in conjunction with Metamako's Metamux switches.
TSX Company Services, Solium Partner
TMX Group's listed company support division looks to expand on service offering for listed companies via alliance.
Intercontinental Exchange Hires Ex-S&P Chief Data Officer Reeve
Reeve will lead the exchange's Connectivity and Consolidated Feed business, which combines assets from its NYSE and Interactive Data acquisitions.
Exegy Hires Tech Sales Vet Santivenere
New accout manager Steve Santivenere has spent 20 years in trading and trading technology sales roles.