Articles by Jake Thomases
CQG Lowers Latency on Deutsche Börse Event-Driven Trading
Denver-based vendor CQG has partnered with Deutsche Börse to provide automated, event-driven trade execution via the AlphaFlash Trader application through the CQG Integrated Client and CQG Trader application programming interfaces (APIs).
PEAK6 Chooses SunGard for Investment Management
PEAK6 Advisors, a Chicago-based asset manager specializing in alternative investments, has gone live with SunGard's Front Arena and Monis solutions for portfolio and risk management, valuations and trade processing.
Q&A With Wolverine's Kevin Kernan
Kernan, director of product development at Wolverine Execution Services (WEX), dishes on his firm's algorithmic adaptations.
Cleartrade Exchange Launches Reporting Service for OTC Derivatives
Cleartrade Exchange (CLTX) has launched a third-party reporting service, through an electronic connection to the swap data repository (SDR) owned by the Depository Trust & Clearing Corporation (DTCC).
Strategies and Practices to Maximize Opportunity Within the New Derivatives Market Webcast
Waters gathered leading industry experts for a webcast on May 15, 2013 to discuss the challenges of electronic trading in the over-the-counter derivatives market, including the pressure inflicted on infrastructure and the impact of associated regulations…
South Korean Fragmentation Pushes Koscom to Turn to SmartTrade for Smart Order Routing
Koscom, a Seoul-based solutions provider, has selected the Liquidity Management System (LMS) from Paris-based SmartTrade to offer aggregation and smart order routing to their clients.
New UK Regulator Goes Live With Nasdaq Surveillance Tool
The Financial Conduct Authority (FCA), a UK regulator formed in April, has gone live with Nasdaq OMX's Smarts Integrity market surveillance platform to enhance its monitoring of transaction reports across the UK's financial markets.
CloudRisk Takes on AlphaKinetic's Glide for Risk and Valuations
CloudRisk, a Manchester, UK-based provider of valuations and risk analysis focusing on derivative transactions, selected AlphaKinetic’s Glide Fund Manager’s cloud tools for its client base of investment and trading organizations.
EBS Direct Beta Program Goes Live
EBS Direct, the disclosed liquidity provider from ICAP’s electronic foreign exchange (FX) business, has gone live with its beta program and four liquidity providers: Commerzbank, Goldman Sachs, JPMorgan and Morgan Stanley. All four have conducted initial…
Telehouse America Data Centers Adopt Seccuris for Security Monitoring
Datacenter operator Telehouse America has formed a strategic partnership with Seccuris, a security automator based in Winnipeg, Canada, to provide its cloud security solution, OneStone, to Telehouse America customers.
What Does the Partnership Between BlackRock and MarketAxess Say About Aladdin?
BlackRock made big news last year by opening up its Aladdin corporate bond trading platform to the broader market. Some feel that its recent alliance with MarketAxess means it has already thrown in the towel.
Nasdaq to Begin Displaying Customer Latency
Nasdaq OMX has partnered with Corvil, the Dublin-based latency monitoring specialist, to provide performance measurement details and diagnostic tools in the form of on-demand historical packet capture files.
SBI Taps smartTrade for FX Order Routing and Liquidity Aggregation
SBI Liquidity Market, a Japanese foreign exchange (FX) infrastructure solution and liquidity provider, has selected smartTrade Technologies' LiquidityFX trading system to provide aggregation service and smart order routing.
State Street Bolsters Collateral and Reporting Services
State Street has made enhancements to its financial reporting and collateral services to help clients comply with regulations, manage risk and automate their disclosure requirements.
Back Office Vendors Talk About What's on Tap
A group of back office vendors at the Futures Industry Association (FIA) New York Expo had a chance to brag about the most exciting product they have on offer, or in the works. This is what they offered up.
2013 is a Year of Belt Tightening, Say Vendors
A rather grim picture was painted by vendors at the latest New York Expo of the Futures Industry Association. Margins are low on the sell side, which means fewer contracts for the problem solvers in the vendor community. The environment has vendors…
Marathon CTO's Model for Building Your Own HPC
Klay Stack didn't let his firm's small size hold it back from an architecture upgrade. Marathon Asset Management has a new high-performance computing (HPC) system to show for his confidence.
Paladyne Makes a Play for Control of Numerix Risk Tool
Paladyne Systems has secured the rights to the source code, development rights, and unlimited distribution rights for the Portfolio Risk product from analytics provider Numerix. Paladyne has also hired the Toronto- and Hong Kong-based development teams…
Alpha Completes Conversion to TMX Trading Engine
Alpha, the Canadian alternative trading system acquired by TMX Group, has completed its migration to TMX Group's proprietary trading engine, TMX Quantum.
Bermuda Stock Exchange Adopts Nasdaq Trading Platform
The Bermuda Stock Exchange (BSX) has launched Nasdaq OMX’s X-stream trading platform in an effort to gain the best latency and throughput among Caribbean exchanges.
NATAS Panel: Big Data Governance, Mindset, Needs Work
Jennifer Costley, director of enterprise architecture at Credit Suisse, is critical of existing data governance structures at large financial institutions. Costley, who spoke at this week’s North American Trading Architecture Summit, says they need to…
Sapient's CMRS to Facilitate Portfolio Reconcilation
The Compliance Management and Reporting System (CMRS) from Sapient Global Markets can now facilitate portfolio reconciliation.
Advise Releases E-Filing Solution for Form CPO-PQR
Advise Technologies, a compliance software provider, will offer a CPO-PQR e-filing platform to the National Futures Association (NFA) EasyFile portal. This will be the first time that filing electronically is possible for Form CPO-PQR.
NATAS Panel: Cloud Service Brokerage Isn't Here
Cloud service brokerage — the concept of shopping workload around to multiple cloud providers — was a popular idea at today’s North American Trading Architecture Summit (NATAS). Unfortunately, none of the panelists who addressed it have been able to…