Sell-Side Technology/News
StreamBase Aims at China with Hithink Partnership
StreamBase Systems has announced that it will partner with Zhejiang Hithink Flush Information Network for the development of technology suitable for the Chinese market.
LMAX Exchange, Azul Partner on Java Optimization
The London-based multilateral trading facility (MTF) LMAX Exchange, specializing in foreign exchange (FX) matching orders, will use Azul's Zing Java virtual machine (JVM) solution to optimize its low-latency execution engine.
Israel’s Bank Leumi Looks to Calypso for Capital Markets Support
Tel Aviv-based Bank Leumi, Israel's largest bank with 13,500 employees, although originally founded in London as the Anglo Palestine Company in 1902, has contracted Calypso Technology to provide it with a cross-asset, front-to-back-office platform to…
TS-Associates Upgrades Correlix
London-headquartered vendor TS-Associates has announced that Correlix, its trade flow latency-monitoring product, has received a major upgrade.
Markit Acquires DTCC Stake in MarkitSERV
Markit has announced that it will buy out the Depository Trust and Clearing Corporation (DTCC) from their joint venture, MarkitSERV.
ESMA Launches Hosted IT Tender Process
The European Securities and Markets Authority (ESMA) has launched a tender invite for firms to provide a managed IT infrastructure service.
Philippine Bourse Embraces Mobility
The Philippine Stock Exchange (PSE) has rolled out a fully mobile trading platform for brokers, in an attempt to stimulate the domestic investor base.
Fincad Upgrades F3 with Advanced CVA Functionality
Over-the-counter (OTC) derivatives pricing and risk management vendor Fincad has announced the upgrade of its F3 platform, featuring real-time portfolio analysis and advanced credit valuation adjustment (CVA) capabilities.
Instinet Joins IPC's Connexus
The agency-only broker, a company of Nomura, will provide a variety of its trading tools, including its Newport 3 EMS, Execution Experts algorithms, and low-latency SmartRouter, to users of the extranet.
NYSE Retiring LRP Ahead of Limit Measures
The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).
Numerix, JPMorgan Eye Cross-Asset Application of Volatility Model
A new Unspanned Stochastic Local Volatility (USLV) model, an alternative to established Heath-Jarrow-Morton (HJM) methods for modeling options volatility, looks to build on pricing analytics for credit derivatives.
ITG Canada Colocates With TMX
ITG Canada and its crossing network, Match Now, have completed their technology migration into the TMX Datalink colocation facility.
CFN Launches WAN Advisory
The firm's Net Transform wide-area network offerings will help firms optimize large legacy networks connectivity.
Nasdaq OMX to Acquire eSpeed Platform from BGC
Nasdaq OMX has announced that it will purchase BGC Partners' US treasuries-trading platform, eSpeed,for $750 million and contingent stock issuance.
Finnish Banks Hand Compliance Burden to SunGard
A trio of private banks from Finland have signed SunGard for support with risk management and performance.
BNY Mellon Taps Sakati for Securities Financing Program
BNY Mellon has named Dean Sakati as head of strategy and business development for its securities finance division, which resides in the company's Global Collateral Services (GCS) business. GCS currently services $2 trillion in global collateral.
Nasdaq OMX and CME to Trade Market Data By Microwave
Colocation customers of Nasdaq OMX and the CME Group will be able to receive market data from the other exchange in record time, thanks to a microwave connection set up between their respective data centers in Carteret, New Jersey, and Aurora, Illinois.
Equinix Plans Third Singapore Data Center
Equinix has announced that it will partner with Mapletree Industrial Trust to build its third International Business Exchange (IBX) data center in Singapore.
Omgeo Adds Three to Board
Edward Hazel, Richard Taggart, and Susan Cosgrove replace John Devine, Peter Johnston, and Donald Donahue, who are stepping down from the post-trade services provider's leadership.
ADR Services Now Available on RealTick
ConvergEx Group has made its ADR Direct and Reverse ADR products available through its execution management system, RealTick.
Multi-Bank Group Aims for Client Enablement Standardization
A group of major sell-side institutions have launched a working group, the Trading Enablement Standardization Initiative (TESI), in order to facilitate client and trader enablement on electronic trading platforms.
MarkitSERV, CME to Support FX Derivatives Clearing
Over-the-counter (OTC) derivatives processing service MarkitSERV has announced that has connected with the Chicago Mercantile Exchange (CME) in order to support the clearing of foreign exchange (FX) derivatives contracts.
FXSpotStream Adds UBS as Liquidity Provider
Multibank foreign exchange (FX) aggregation service FXSpotStream has announced that UBS will provide liquidity to clients.
Japan Exchange Group Publishes IT Strategy
Japan Exchange Group (JPX), the business formed by the merger of the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSX), has released its technology strategy and roadmap covering the two exchanges' integration and forward IT movement.