Sell-Side Technology/News
Cass Questions Circuit Breakers in New Study
The Cass Business School at City University, London, has released an academic paper questioning the validity of measures put in place after the Flash Crash to ensure market stability.
Belfius Turns to Autonomy For Post-Trade Automation
Belfius Bank, formerly Dexia, has selected Autonomy, an HP company's Scrittura product to automate its trade confirmation process.
Algo Error Damage Apparent as Knight Releases Q3 Results
The electronic market maker lost $389.9 million from July to the end of September, with net-negative revenues of $189.8 million.
LSE Restructures as FTSE Chief Heads Information Services
The London Stock Exchange Group (LSEG) has announced a reshuffle in its senior management, with FTSE CEO Mark Makepeace taking over from David Lester as group director of information services.
NYSE Euronext Forges Partnership with Bank of China
NYSE Euronext has signed a Memorandum of Understanding (MoU) with Bank of China, as the European exchange seeks to attract trading flow from the Far East.
Moscow Exchange Connects to BRICS Network through Radianz
Moscow Exchange, the Russian bourse born from the merger of Micex and RTS, can now access the BRICS Exchanges Alliance through use of BT's Radianz cloud.
NYSE Euronext, Taiwan Futures Exchange Partner for Two-Way Order Routing
NYSE Euronext and the Taiwan Futures Exchange have agreed to work more closely together going forward with the signing of a Memorandum of Understanding.
SS&C Launches GoTrade+
The technology is for post-trade activities of OTC and listed derivatives, among other securities.
Fusion Systems Connects to National Stock Exchange of India
The Hong Kong-headquartered technology vendor Fusion Systems now offers connectivity to the National Stock Exchange of India (NSE).
Citi Reshuffles Top Job as Pandit Steps Down
Citigroup's board of directors has elected EMEA head Michael Corbat as the bank's new chief executive, following the resignation of incumbent Vikram Pandit.
Oslo Børs to Acquire Burgundy
Norwegian exchange Oslo Børs is set to acquire its Swedish rival, Burgundy, in a play for regional control of equities trading.
Nasdaq OMX, Dalian Commodity Exchange Sign Consulting Agreement With Eye Toward Future Works
The Dalian Commodity Exchange (DCE) and the Nasdaq OMX Group have signed a memorandum of understanding (MOU) that will allow Nasdaq to consult with the Chinese exchange on technology enhancements with an opportunity for further business engagements.
Thomson Reuters Releases Mobile App for Investor Relations
The financial information firm's corporate services arms will offer the application for Apple's iPad and iPhone offerings, and the Android operating system.
OTP Bank Goes Live with Valdi
It will use the SunGard offering to connect to two local exchanges, among other activities.
Misys Unveils SummitFT 5.6
Treasury and capital markets software vendor Misys has released version 5.6 of its SummitFT product to cover central clearing and margin management requirements.
NovaSparks Installs Kontopodis
Field-programmable gate array (FPGA) vendor NovaSparks has hired George Kontopodis as its executive vice president of product development.
SunGard Buffs Ambit with Analytics
SunGard has announced the enhancement of its Ambit treasury management suite for banks, with tools designed to manage liquidity and capital requirements.
SEC Promotes Dyson to Deputy CIO
Pamela Dyson has been with the agency since late 2010.
EuNetworks Completes Deutsche Börse Project
The companies have collaborated for a few years.
RTS Deploys in Hong Kong Equinix Datacenter
It will be RTS' third Asia-Pac trading gateway.
Saxo Bank Initiates LatAm Push
Specialist online investment house Saxo Bank has acquired a Uruguayan broker, in a bid to extend its presence in Latin America.
Ethiopia's Central Bank Selects Polaris
The National Bank of Ethiopia (NBE) has implemented Polaris Financial Technology's Intellect Quantum Core Banking Solution for a range of operations.
Exegy and StreamBase Partner on Latency Reduction
The agreement brings together Exegy's Ticker Plant and StreamBase's CEP engine.
Cost Basis Challenges Find Firms Tackling Reporting Earlier
Even while the industry moves past phase II of the cost basis reporting mandate and look towards fixed income and options reporting in 2014, manual corrections and transfers processing remain top among firms' concerns.