Transaction-cost analysis (TCA)
A tech revolution in an old-school industry: FX
FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.
New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
Waters Rankings 2024: Best transaction-cost analysis (TCA) system provider (highly commended)—S&P Global Market Intelligence
S&P Global Market Intelligence’s Transaction Cost Analysis tool is highly commended in the best transaction-cost analysis (TCA) system provider category of the 2024 Waters Rankings.
Locking down the lifecycle: Trading Technologies turns to analytics and TCA in latest acquisition
The tech provider gains TCA, analytics, and algo optimization tools as established vendors vie to build more comprehensive platforms.
Outsourced trading sees uptick as buy side seeks more bang for its buck
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
This Week: SimCorp; Liquidnet; Appital; Qontigo & more
A summary of the latest financial technology news.
Buy one, get one free: Algos learn to multi-task
For years, brokers have offered suites of algorithms, each geared toward a certain strategy and outcome. Now, firms are compressing these into multifaceted algorithms that can switch between different strategies or markets in response to trading…
Burden of Proof: Meet the IEX breakaways looking to shake up broker algos
Founded with the principles of “transparency and academic rigor,” some say Proof’s model and technical approach is a test case for a new generation of cloud-native broker startups.
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardization progress, say market participants.
Futures trading algos ripe for disruptive new entrants
Algorithm development specialist BestEx Research is making a play to address inefficiencies in futures trading algorithms.
ICE ‘Bonds’ Acquisitions into Fixed-Income Powerhouse
In this profile of the Intercontinental Exchange, Lynn Martin explains how the company’s ICE Data Services unit is creating a unified offering with fixed income data at its core, after a series of acquisitions that began with its purchase of IDC in 2015.
oneZero Expands into Institutional Market
The vendor has been adding members to its team with buy-side and wholesale broking backgrounds.
TradingScreen Continues OMS Expansion on the Buy Side
Vendor firm will release enhancements to allocation, pre-trade compliance, and reporting and analytics in September.
This Week: Vanguard, OneMarketData, SS&C, Xignite, Esma, SimCorp, Nasdaq
A summary of some of the past week’s financial technology news.
Covid-19 Reveals Need for Better Comms Plug-Ins for Traders
Traders should have real-time voice modules in trading systems and the ability to add detailed notes to replicate trading floor experience.
State Street Incorporates Charles River into Outsourced Trading Service
State Street will also integrate BestX equity TCA into its outsourced trading desk.
The Rise of the Algo Wheel
An examination as to how the buy side is embracing algo wheels and where the challenges still remain.
Itarle to Open New York Office, Co-Locate at CME
The Swiss best execution and TCA provider is set to open an office in New York, and co-locate with the CME.
Industry Steps Up Calls for European Consolidated Tape
Traders in Europe face rising data acquisition costs and increasing regulatory reporting pressures argue that a pan-European consolidated tape is long overdue.