Trading Tech
Congressman Lobbies SEC for HFT Crackdown
Representative Ed Markey (D-Mass.) has written to the Securities and Exchange Commission (SEC), advising it to curb the practice of high-frequency trading (HFT).
A Safe Pair of Hands
You can't help but feel a little bit sorry for Joe Ratterman, CEO of the beleaguered BATS exchange. Hot on the heels of its botched initial public offering (IPO), on its own system, the exchange has had to admit that it hasn't always been offering…
Kyte Group Integrates b-next Market Abuse System
Clearing and broking provider Kyte Group has rolled out b-next's multi-asset, multi-venue market abuse surveillance system, CMC:Suite.
Peruvian Exchange Upgrades Electronic Trading Platform with MillenniumIT
Bolsa de Valores de Lima, the Peruvian exchange operator, has upgraded its electronic trading platform and smart order routing (SOR) system with MilleniumIT.
Nasdaq Takes Aim at Tech Crown, Appoints CIO
US exchange group Nasdaq OMX has announced that it will combine its market technology and corporate solutions business lines, in an attempt to create a technology unit that can compete with the world's top vendors.
Capco Opens Delivery Center in Florida
Capco announced that it has opened a delivery center in Orlando, Florida.
Mifid II Must Mind Market Microstructure
Regulation took center stage at a panel discussion in London on Tuesday as the nuts and bolts of the Markets in Financial Instruments Directive review (Mifid II) went under the microscope.
Fallout from Order-Handling Errors Unclear
Last week’s confessions by three top US execution services providers regarding failures to match the national best bid and offer (NBBO) came as a surprise, and the fallout is unclear.
Two More US Exchanges Admit Order Handling Errors
Direct Edge and the New York Stock Exchange (NYSE) have said that customer transactions may have been executed away from the best available price due to systems errors, bringing the total number of exchanges admitting price errors to three this month.
DCM Preps Social Sentiment Datafeed
The relaunched former Derwent Capital Markets Twitter fund plans to release an API for banks, hedge funds and brokers to leverage its social media sentiment data
Euroclear Nederland Exits Paper Certificates
Dutch central securities depository (CSD) Euroclear Nederland has announced that it recently completed a full-scale dematerialization project for all securities in the country, moving stock certificates to electronic formats.
MKS Chooses SmartTrade for Liquidity Management
Switzerland-based precious-metals service provider MKS SA has selected Paris-based smartTrade's liquidity management system (LMS) to handle its physical customer pricing.
TMX Atrium Increases European Capacity, Bandwidth
Luxembourg-headquartered TMX Atrium, a provider of infrastructure technologies, has increased the capacity of its ultra-low latency connectivity service in Europe.
Maitland Taps Milestone as South Africa Tightens Reporting Requirements
The Maitland Group, a Cape Town-based fund administrator with $145 billion under management, has selected Milestone Group's pControl software to respond to the stiffening reporting requirements in South Africa over the past year.
Principia Tweaks Platform for US Regulatory Support
Principia Partners, the Manhattan-based provider of buy-side and sell-side trading and risk management technology, has unveiled Version 6.8 of its Structured Finance Platform, which features enhancements aimed at addressing the US Basel 2.5 Market Risk…
Citadel Activates Bloomberg for Fixed-Income Trading
US hedge fund giant Citadel has selected Bloomberg's fixed income trading platform for its electronic execution and clearing of interest rate swaps (IRS).
