Trading Tech
Buy Side Still Not Ready for June 10 Swaps Deadline
Apparently one set of guinea pigs wasn't enough. Even though Category 1 swap participants─swap dealers and the largest hedge funds─have been clearing most of their interest rate and credit default swaps since March 11, Category 2 participants─a group…
Eka Software Acquires EnCompass
The commodities trading software provider, based in Bangalore, India, says the move will help it provide comprehensive energy trading and risk management (ETRM) support.
Pershing Upgrades CRM with Redtail
Pershing, the broker-dealer and advisor solutions arm of BNY Mellon, will integrate Redtail's real-time client relationship management solution into its NetX360 platform, furthering an ongoing collaboration between the software provider and custodial…
Liquidity Aggregation Through FCMs Appealing, But Info Leakage a Question
Even as the estimated number of swap execution facilities (SEFs) drops, fragmentation is still predicted to become an issue in the world of centrally cleared swaps. There is therefore room in the market for an aggregation service, to source liquidity…
SIFMA Cries Foul to SEC Over UTP Tape C Fee Hike
SIFMA calls on SEC to reject 25 percent Tape C price increase, claims UTP did not follow mandated procedures before raising fees.
Tradition Debuts Long-Awaited ParFX Platform
Broker-dealer Tradition has announced that its spot foreign exchange (FX) ParFX platform, formerly known as TraFXpure, has been launched.
Despite Automation, FX Still a Relationship Game
Panelists at TradeTech Europe, organized by WBR, debated the incorporation of foreign exchange (FX) trading into traditional equities practices today, but said that despite growing trends towards electronic transactions, personal relationships between…
MTS Signs Crédit Agricole for Credit Platform
MTS Credit has announced that Crédit Agricole Corporate and Investment Bank (CA CIB) has become the first prime bank to sign on to its platform for the electronic trading of non-government bonds.
Fragmented Surveillance Approach Superior to Single Source
Panelists at TradeTech Europe, organized by WBR, suggested that multiple levels of trade surveillance were superior than an overall single pair of eyes, when dealing with market abuse.
Down Mexico Way: Will State-of-the-Art Tech Lure Liquidity?
Sensing an opportunity as the local economic picture continues to shine, the Mexican stock exchange last year installed a matching engine with significantly better latency and throughput. The technology is unquestionably in place, but will liquidity…
Two New Brazilian Markets to Surveil with Nasdaq Solution
Brazilian exchange BM&FBovespa (BVMF) has gone live with Nasdaq OMX’s Smarts Integrity market surveillance platform across commodities and futures.
In Mifid II Talks, HFT Curbs Still on the Table
Panelists at TradeTech Europe, organized by WBR, said at the London event today that a range of potential restrictions for high-frequency trading (HFT) are still on the table, when it comes to discussions over the final form of the Markets in Financial…
BAML Takes AlgoSpan for Low-Latency Infrastructure
Market access platform provider AlgoSpan has announced that Bank of America Merrill Lynch (BAML) is live on its AlgoNet software.
S&P Capital IQ Updates QuantFactory
S&P Capital IQ's Real-Time Solutions has announced the release of QuantFactory 5.3.2, the new version of its automated trading platform.
Linear Investments Moves to TradingScreen's TradePrime Platform
London-based hedge fund Linear Investments has announced it will use TradingScreen's TradePrime Platform for execution, order and risk management, as well as to help support compliance processes.
As Clientele Grow, LatAm Wealth Managers See Tech Chasing Behind
Ernst & Young’s second survey of wealth managers found that firms in the region are far more likely to use proprietary solutions and a pooled organizational approach than their counterparts—even, in some cases, within the same global firm—to the North. A…