Sell-Side Technology/News
Former Citadel, Pico Tech Exec Baillargeon Joins KCG
Sonny Baillargeon has nearly 20 years of experience in finance.
Chi-X Japan to Launch a New Dark Pool
Kai-X will be Japan's first trading venue to use the reference prices of the Tokyo Stock Exchange.
Speakerbus Extends Westcon Distributorship to North America
Partnership could expand to other regions, says CEO Patrick McCullough.
OTAS Technologies Teams with ExtractAlpha
Market analytics and trader intelligence provider adds ExtractAlpha's quantitative models.
Tick Size Pilot Program Launches
The SEC's project to better understand the impact of changing the tick size for securities of small-cap companies kicks off today.
Sberbank CIB Names New Head of Electronic Markets to Expand its Trading Platform
Vladimir Yarovoy joins from the Moscow Exchange.
IBM Buys Promontory Financial, Blends Watson's AI with Regulatory Expertise
Promontory will serve as the foundation of the newly formed Watson Financial Services unit of IBM.
ASX to Decide on Replacing CHESS Platform with Distributed-Ledger Solution by End of 2017
The Australian exchange recently completed the prototype for the distributed-ledger technology (DLT) platform
Bank of America, Microsoft Partner for Trade Finance Blockchain Transformation
Testing and development of the initial application is ongoing.
enepath Releases Voice Trading Product Suite
The Eclipse product suite makes full launch following a pre-launch period of 12-18 months.
Credit Suisse, Partners Launch Syndicated Loans Blockchain Proof of Concept
The proof of concept will continue for the rest of the year.
Bloomberg Allows Tweeting Directly Through Terminal
Users can tweet directly from Instant Bloomberg through new Social <Go> feature.
ITG Makes Foreign Exchange, Analytics Hires
New appointments in foreign exchange and analytics will lead New York and London efforts, respectively.
CLS to Develop Payment Netting Service Using Distributed-Ledger Technology
The service will suit FX trades settled outside the CLS settlement service and is built on Hyperledger Fabric, an open-source solution led by IBM.
Phase One of Swift's Global Payments Innovation Initiative Pilot Completed
Fifteen global banks tested the design and functions of Swift’s new initiative, while ten others prepare for the service’s launch.
Raiffeisen Bank International Selects SmartStream for Cash, Liquidity Reporting Solution
The firm seeks to monitor and manage cash positions on an intraday basis to comply with Basel III principles.
ITG Releases Volume Participation Forecasting Tool
The New York-based firm releases online tool via ITG Analytics Incubator.
HSBC Adopts Swift FX Business Insight Information Service
New service allows for continuous FX business performance measurement over time based upon activity share.
BoA Merrill Lynch Handed $12.5 Million Fine by SEC over Mini-Flash Crashes
Bank of America subsidiary fined over inadequate trading controls leading to market disruptions between 2012 and 2014.
BME Helps Bolivia's BBV to Move Away From Outcry Pits Toward Electronic Trading
The rollout is being done in two stages, with fixed income currently being the focus, followed by the implementation of the primary market and trading in other non-standardized securities and repo trades.
Open Access Derivatives Project CurveGlobal Goes Live
CurveGlobal is an interest rates derivatives venture that will offer low fees and no market data charges
CBOE Agrees to Buy Bats for $3.2 Billion
The operator of the largest US options exchange looks to expand on offerings and global reach with purchase.
SGSS Connects Hungarian CSD with T2S Platform
Keler will connect to the Target2-Securities (T2S) settlement platform during the fourth migration wave in February 2017.
SIX, Digital Asset Join Forces to Develop Blockchain for Swiss Market
The two firms will build a distributed-ledger prototype within Digital Asset’s platform.