Sell-Side Technology/News
WSE Taps SunGard's Surveillance Technology for Trading Platform Upgrade
Warsaw Stock Exchange (WSE) will use SunGard's Protegent and Valdi software to monitor market abuse, as the securities and commodities exchange prepares to switch trading platforms.
Bats Chi-X CEO Argues for Simplified European Clearing
Mark Hemsley, CEO of pan-European exchange operator Bats Chi-X, says he doubts the London Stock Exchange's (LSE’s) ability to overturn a perceived lack of interoperability within LCH.Clearnet, once the LSE's protracted majority acquisition of the…
InterBolsa Joins Raptor Network
Adding the top broker in Colombia expands Raptor's Latin American reach.
Knight Capital Moves Ahead with C-Level Shakeup
Following electronic market maker Knight Capital's near-collapse this summer, expected changes have arrived as new executives will now be in chief operations, risk, and technology roles.
OpenLink Appoints Greene as New CEO
The cross-asset trading and risk management provider says Mark Greene, Ph. D. will become a director of the company immediately, taking on the lead executive role December 19th.
Neonet Launches Dark Execution Algorithm
Execution services provider Neonet has launched a new dark executing algorithm, which is able to scan connected dark pools automatically.
ASX to Get Into the IPO Game
The Australian exchange is trying to become the first to break the investment bank hegemony over capital-raising.
Plus Markets Divests Derivatives Exchange
Plus Markets Group has announced the agreed sale of Plus Derivatives Exchange (Plus DX), the last remaining subsidiary in the company, to a former director.
Bloomberg Launches US Equities Trading Platform
Bloomberg has opened Bloomberg Pool, or BPool, a new US equity pool.
Keefe, Bruyette & Woods Sticks with Fidessa
Fidessa says that broker-dealer Keefe, Bruyette & Woods (KBW) has re-upped on the solutions provider's sell-side platform.
Monte Titoli Extends Collateral Management Offering with X-COM
The London Stock Exchange Group has announced that Monte Titoli, its Italian Central Securities Depository (CSD) is launching a new tri-party collateral management service.
SolidFX Partners TNS for Market Access
Dutch trading platform SolidFX has selected Transaction Network Services as its primary connectivity provider for foreign exchange (FX) markets in Europe and the US.
Goldman Sachs Takes IO Modular Datacenter Strategy
Goldman Sachs has entered a partnership with datacenter operator IO, utilizing its modular strategy to downsize investment in traditional warehouses.
Stars Hired as Deutsche Börse CIO
The European exchange is losing an equities board member and swapping CIOs, but retaining its CEO.
FlexTrade Becomes an ISV at Bahrain Exchange
FlexTrade Systems will provide front-end trading technology through the FlexTrader EMS.
In Push for Hedge Funds, Scotiabank Adds CoreOne Prime Brokerage Platform
Canadian global banking firm Scotiabank will implement CoreOne Technologies' new PrimeOne solution to attract US fund clients.
In Landmark Action, NYSE Settles with SEC Over Data Feed Allegations
The Securities and Exchange Commission (SEC) and NYSE Euronext announced a settlement this morning, including a $5 million penalty, ending an enforcement action over failures alledged to have resulted in favoritism, or improper head starts, on certain…
State Street Extends OTC Clearing to CME
State Street Global Markets announced that it has joined the Chicago Mercantile Exchange (CME) as a clearer for over-the-counter (OTC) interest rate swaps.
UBS Automates Fee Billing Through Bonaire Platform
UBS has gone live with Bonaire Software Solutions' Revport platform.
NYSE Technologies Pairs with FlexTrade on Volumes Forecasting
NYSE Euronext's technology arm, NYSE Technologies, will partner with FlexTrade Systems to provide its market data clients with a predictive analytics platform.
Perseus Shores Up LatAm Presence with ETradeLab Deal
The global connectivity provider says it has acquired ETradeLab, a Brazilian financial services support provider based in São Paulo.
BNY Mellon Upgrades AccessEdge for Collateral Monitoring
BNY Mellon has announced the addition of new functionality to its AccessEdge product, now allowing for real-time monitoring of transactions and collateral positions.
Moscow Exchange Launches Efficiency Program
The Moscow Exchange, formerly Micex-RTS, has rolled out its new program aimed at increasing the effectiveness of algorithmic trading in its securities and foreign exchange (FX) markets.
Miller Tabak Deal Marks More SaaS Success for Fidessa
Financial services solutions provider Fidessa says Miller Tabak & Co., a specialist institutional trading firm, has implemented a comprehensive solution to back multi-asset trading.