Sell-Side Technology/News
Credit Suisse Chooses Market EDM Platform for Data Consolidation
Credit Suisse has selected Markit Enterprise Data Management's (EDM) platform to consolidate data management within its research department.
Six Agrees to Acquire Oslo Clearing from Norway Børs
Six Group has agreed a deal to acquire 100 percent of Oslo Clearing from Norway's Oslo Børs for NOK 180 million (approximately $32 million).
Fidessa Links OMS to Squawker
Block trading venue Squawker has announced that Fidessa's sell-side order management system (OMS) has been connected to its systems.
Chilean Electronic Stock Exchange Rolls Out Nasdaq OMX Platform
Chile's stock exchange, Bolsa Electronica de Chile, has gone live with Nasdaq OMX's X-stream trading platform.
Newedge Rethinks Organization in Major Restructure
Futures broker Newedge has announced plans for a wholesale reform of the way it operates its business, in light of adverse market conditions.
SEC Loses Chief of Staff in Latest Departure
The US Securities and Exchange Commission (SEC) has announced the resignation of its chief of staff, Didem Nisanci, in the latest of a series of losses that has claimed some of its most senior figures.
Brown Brothers Harriman Hones Automated ETF Portal
US private bank Brown Brothers Harriman’s (BBH’s) exchange-traded fund (ETF) portal suite, ETF Connect, will see fund sponsors, authorized participants (APs) and BBH—acting as administrator and custodian—manage exchange-traded fund operations through a…
ASIC Picks First Derivatives Platform for Market Surveillance
The Australian Securities and Investments Commission (ASIC) has chosen Delta Stream from Northern Ireland-based technology vendor First Derivatives as its new market surveillance system.
Bursa Malaysia Selects Nasdaq Tech
Nasdaq OMX has announced that its X-Stream Inet technology will power securities trading at Bursa Malaysia.
CEO Brodsky Steps Down at CBOE
William Brodsky, chairman and CEO of CBOE Holdings, will step down as CEO following the Annual Meeting in May 2013 to assume the role of executive chairman of the board. Brodsky, who has served since 1997, took the company public in 2010.
Orc Launches Pre-Trade Risk Management Tool
Swedish technology provider Orc has launched a new solution to help banks and brokers to monitor pre-trade risk.
Rule Financial Signs OTC Specialist
Capital markets consultancy Rule Financial has announced that Derek Perry will join the company as a management consultant, and over-the-counter (OTC) clearing specialist.
DSF Deploys Orange
Paris-based broker DSF Markets has rolled out Orange's Open Trade system alongside the telecoms company's voice recording solution.
CounterpartyLink Releases KYC Compliance Index
Legal entity intelligence firm CounterpartyLink, also known as CPL, will make a know-your-client (KYC) compliance index, as well as deeper beneficial ownership information to 10 percent levels, available on its web-based service, CPL Online.
Sapient Approved as Eris Training Partner
Boston-based Sapient Global Markets has been certified as an Implementation Partner by Eris Exchange, the Chicago-based futures exchange aimed at the OTC derivatives market.
Nasdaq OMX Acquires 25 Percent of TOM
Nasdaq OMX has acquired 25 percent of The Order Machine (TOM), a Dutch cash equities and equity derivatives trading venue.
Citi Joins with Tradable for FX
Foreign exchange (FX) platform Tradable has announced a partnership with Citi, which will allow brokers on its platform to transact with the bank through its CitiFX TradeStream.
Iowa BD Turns to SunGard for Social Media Surveillance
Iowa-based broker-dealer Berthel Fisher & Company Financial Services announced today its adoption of SunGard's Protegent Social Media Surveillance for regulatory compliance and monitoring of its advisors' online activity.
IPC Survey Reveals Tech Spend Shifting to Cloud, Away from HFT
Of over 120 respondents to a survey by communications technology vendor IPC at the Futures Industry Association (FIA) Chicago event, three out of four say technology spend will increase in 2013, driven mostly by a pursuit of increased efficiency, with…
SIX Swiss Exchange Appoints Urs Widmer COO
SIX Swiss Exchange has appointed former AXA Winterthur CEO Urs Widmer as its COO.
Xenomorph, Numerix Pair on Derivatives Trade Pricing
The providers of data management and derivatives valuation analytics say users of Numerix's Portfolio solution will now have integrated access to Xenomorph's TimeScape system, forming a complete risk management function.
FOA Hires Stromberg in Senior Regulatory Role
The Futures and Options Association (FOA) has announced the appointment of Natasha Stromberg as a manager for regulation.
CME Clearing Europe Joins Euroclear's Collateral Network
Chicago Mercantile Exchange (CME) Clearing Europe has become a member of Euroclear Bank's Collateral Highway, which facilitates processes such as tri-party collateral management through operating agreements.
BNP Offers Post-Trade Services for LSE, SGX Collaboration
BNP Paribas is offering a post-trade service to banks and brokers looking to take advantage of a cross-trade agreement between the London Stock Exchange (LSE) and Singapore Exchange (SGX).