Trading Tech
MarketAxess Bows European BASI Liquidity Measure
New York-based fixed income marketplace operator MarketAxess launched a new indicator on Thursday, Feb. 6 called the European Bid-Ask Spread Index (BASI), which tracks liquidity in the European corporate bond market by comparing the prices of actively…
China's ICBC Taps Helix For Repo, MBS Processing
Industrial and Commercial Bank of China (ICBC), the world's largest by total assets and market capitalization, will implement HelixRepo for its fixed income financing business and HelixMBS to automate allocation of mortgage-backed securities (MBS) pools…
Quadriserv Expands Cinnober Relationship with Equity Repo
The new initiative will be added to Quadriserv's existing AQS securities lending platform.
Should SEC’s 'Parking Scheme' Charges Portend Greater Trading Surveillance?
The Securities and Exchange Commission (SEC) this week charged two New York-based traders with executing a trading “parking scheme” designed to preserve bonuses, and its enforcement action should prompt investment banks to assess their ability to detect…
Bank Muscat Selects Charles River IMS
The asset management division of Oman-based Bank Muscat has chosen Charles River's Investment Management System (IMS) to support equity and fixed-income operations.
CenturyLink Tech Solutions Changes Bandwidth Buying Process to Cut Connectivity Costs for Clients
Network and datacenter hosting provider CenturyLink Technology Solutions, the subsidiary of internet and telecoms service provider CenturyLink formerly known as Savvis, is rolling out a revised commercial model that offers clients more flexible options…
BaFin Moves Highlight EU HFT Regulatory Discrepancies
Recent moves by the German Federal Financial Supervisory Authority, BaFin, have increased pressure on a number of high-frequency trading (HFT) firms as those registered under a “local license,” or non-Mifid license, won’t be authorized to perform high…
There's No One Way to Justify an IBOR, Reveals Waters Panel
There is no one way to make a business case for an investment book of record (IBOR). Not when an IBOR still means so many different things to different people. That’s why the panelists at Waters’ IBOR breakfast briefing were all over the map when it came…
Money.net Nabs ex-Bloomberg Commodities Head as CEO
New York-based low-cost financial data display provider Money.net has hired Morgan Downey as chief executive, responsible for all lines of business and functional groups within the company.
Eurex Bows Mobile iOS and Android App
Deutsche Börse has launched a new app for its Eurex derivatives exchange, dubbed Eurex Mobile App, which provides investors with prices, news announcements, Twitter feeds and other information for more than 1,500 futures and options via Apple iOS and…
Markit Adds Emir Reporting to Global Trade Reporting Tool
London-based Markit has announced that MarkitSERV will now be able to report over-the-counter (OTC) derivatives trades in rates, credit and equities for customers in accordance with European Market Infrastructure Regulation (Emir) requirements.
Instinet Unveils MAKE Algorithm Globally
Instinet, the equity execution services arm of the Tokyo-based Nomura Group, has launched what it has dubbed its MAKE algorithm, the broker’s latest addition to its Execution Experts algorithmic trading suite.
Reval Poll Indicates Half of Respondents Not Ready for EMIR Compliance
According to a recent poll conducted by Reval, a New-York based provider of treasury and risk management technology, 65 percent of firms are not ready to fall in line with the February 12 EMIR compliance deadline.
CPPIB's Jay Vyas: Keep the 'I' in IBOR
When developing an investment book of record (IBOR), it's important that traders and portfolio managers retain ownership of the data and that the IBOR remains an investment function, and not a function of compliance or reporting, according to Jay Vyas,…
Gaia Adds Numerix Analytics for EMIR Requirements
Paris-based Gaia Transparence, an open source software provider, has embedded analytics from Numerix, a provider of analytics for derivatives valuations, within its Position Builder solution for collateral management, margin requirements and credit value…
JPX Seeks Bids for Derivatives Trading System
The Japan Exchange Group (JPX), the merged entity incorporating the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSX), has announced that it will accept bids from vendors for a new derivatives trading system.
Euroclear Adds Five to Fund Service
Euroclear UK and Ireland has announced the addition of five new fund managers to its investment fund service for post-trade functions.
Bats Completes Merger with Direct Edge
Bats Global Markets has announced the completion of its merger transaction with fellow US exchange group Direct Edge.
Barchart Adds iPhone Data-Trading App
Chicago-based data vendor Barchart has released a mobile version of its Barchart Trader desktop application for Apple iPhone devices, to accompany the terminal and Android versions unveiled last year (IMD, Sept. 6, 2013; Nov. 6, 2013).
Indata Launches iPM Epic with Eye Toward Big Data Challenges
Portfolio management systems provider Indata is looking to tackle the challenge of big data with the launch of iPM Epic.
Icap Aims for London-based SEF
Interdealer broker Icap has filed an application to run a swap execution facility (SEF) based in London, but overseen by the US Commodity Futures Trading Commission (CFTC).
Calypso Unveils DTCC Interface to Support EMIR Reporting
San Francisco-based Calypso Technology has released an interface to the Depository Trust and Clearing Corp’s (DTCCs) Global Trade Repository (GTR) service, a repository holding global OTC derivatives transaction data, to assist firms with their European…
Bloomberg Embeds OneMarketData for Trade Analytics
Bloomberg has integrated tick database and complex event processing system provider OneMarketData’s OneTick CEP engine into its EMSX execution management system, an integrated component of the vendor’s Bloomberg Professional terminal, to provide users…
Thomson Reuters Focuses on Search in Latest Eikon
Thomson Reuters will this week roll out the fourth iteration of its Eikon next-generation data desktop, with new features designed to make it easier for users to access the platform’s content and analytics, and to more tightly integrate the product into…