Articles by Jake Thomases
Waters Panelists: OTC Derivatives Change Good, But Imperfect
There must be something about the over-the-counter (OTC) derivatives marketplace that lends itself to analogies. During a Waters Breakfast Briefing on the subject, the new OTC landscape was at once likened to a python, a highway, and Stony Brook…
Asia Pacific Stock Exchange to Employ Nasdaq Technology
Nasdaq OMX will deliver its trading technology, X-stream, as well as Genium FIX, to Asia Pacific Stock Exchange to power its APeX trading platform, which is expected to go live in late 2014.
Rapid Addition Partners with DET Technologies
As part of a partnership between London-based technology provider Rapid Addition and Prague-based trading platform support specialists DET Technologies, Rapid Addition’s RA-Cheetah FIX engine will support DET Technologies’ flagship DET Hub.
Moscow Exchange Uses Fincad F3 for Trading and Clearing
The Moscow Exchange (MOEX) has chosen Vancouver-based Fincad’s F3 Platform to support its over-the-counter (OTC) derivatives trading and clearing services.
Wexford Capital Expands SS&C Relationship
Greenwich, Connecticut-based Wexford Capital has selected SS&C GlobeOp to provide an expanded suite of services including middle- and back-office, regulatory reporting and investor solutions for Wexford’s private equity funds and hedge funds.
Aequitas Exchange to Host at Q9 Datacenters
Aequitas Innovations has selected Toronto-based Q9 Networks to host production, test and disaster recovery infrastructure for its Neo Exchange, which is expected to become operational in the Canadian market in early 2015.
Liquidnet Settles SEC Case for Improper Use of Customer Data
Dark pool operator Liquidnet on Friday agreed to pay a $2 million fine to settle a US Securities and Exchange Commission (SEC) charge that the New York-based brokerage improperly used subscribers' confidential trading information in marketing its…
Spectracom and FSMLabs Partner on Time Synch
Spectracom, a Rochester, New York-based provider of global navigation satellite systems will integrate the TimeKeeper software from Austin-based time synchronization specialist FSMLabs into its 10 gigabit-per-second network clock.
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
SROs Deploy Advanced Tech to Keep Up with Members
Self-regulatory organizations can’t tap into company profits like banks, nor can they rely on taxpayer funding like government regulators. Still, using only membership dues, they must carry out their registration and surveillance functions of national…
Sprott Asset Management Picks SS&C for Settlement Notification
California-based Sprott Asset Management has selected SS&C's Technologies' SSCNet for automated settlement notification. The global network will enable trade communication between Sprott and its broker-dealers, custodian and prime brokers.
Pragma Launches Spot FX Trading Tools
Pragma, a New York-based algo technology specialist, has released Pragma360, a suite of spot FX trading tools. Pragma360 includes algorithms, transaction cost analysis (TCA), smart order routing, risk controls, and an EMS front end.
DoubleLine Chooses Vichara for CLOs
Los Angeles-based fixed income manager DoubleLine Capital has licensed the V*CLO platform from Hoboken-based Vichara Technologies for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…
Obstacles to Modernizing Infrastructure
Other than cost, asked Imtiaz Koujagli, VP of equity research and software at Deutsche Bank Securities, what is the biggest impediment to modernizing a firm's technology infrastructure? A North American Financial Information Summit panel had a few ideas.
Thomson Reuters Adds FlexTrade EMS to Eikon
Thomson Reuters has integrated FlexTrade’s execution management system (EMS) and Autex indications of interest (IOI) data into its flagship desktop, Eikon.
Spinaris Capital Chooses OptionsCity for FX and Options Trading
London-based Spinaris Capital will expand its FX and energy options trading utilizing the Metro and Freeway platforms from Chicago-based OptionsCity Software.
Fonetic to Set Up Shop in US
Madrid-based Fonetic has created a New York-based entity, Fonetic USA, for selling its voice recognition and linguistics analytics software. It will be led by Simon Richards, previously VP of global sales and marketing.
Codestreet Builds First Sell-Side Corporate-Bond Dark Pool
New York-based software vendor Codestreet is taking a shot at the electronic corporate-bond market, one of the toughest to gain a foothold in within recent memory. Its play is to preserve the power of the broker-dealers, a group that's been losing its…
Frederick Goes from Algos to Sales at Instinet
On its face, Instinet's appointment of Chuck Frederick as head of US product sales is an unusual one. Frederick has been a technologist his whole career, serving most recently as head of algo development at Instinet, the equity execution services arm of…
SunGard Debuts Risk Reporting Service
SunGard has launched its Hedge360 Risk Reporting Service, which provides hedge funds with independently validated data and analytics for due diligence and risk management strategies.
IBOR special report
May 2014 - sponsored by: Advent; Eagle Investment Systems; InvestTech Systems Consulting; Linedata; SimCorp
SuperDerivatives Debuts Trading Platform SDeX
London-based SuperDerivatives has gone live with its multi-bank, multi-asset trading platform SDeX.
Thai Futures Exchange Switches Platforms
The Thailand Futures Exchange (TFEX), under the Stock Exchange of Thailand (SET) group, has switched its derivatives trading and clearing to the equities platform, SET Connect, which was developed by Korea Exchange using Cinnober technology.