Articles by Jake Thomases
Cangemi to Lead ConvergEx's European Broker
ConvergEx Group, a New York-based provider of brokerage and trading services, will appoint Joseph Cangemi CEO of the firm’s UK-based broker-dealer, ConvergEx Limited, subject to the approval of the Financial Conduct Authority.
Equiduct's Howson Becomes BATS Chi-X Europe COO
BATS Chi-X Europe has appointed David Howson as COO, overseeing BATS Chi-X Europe’s software engineering, infrastructure and operational teams, effective in June.
Mandara Capital Turns to Tbricks for Futures Trading
Mandara Capital, a hedge fund specializing in crude oil and derivatives, has implemented the hosted trading service from Tbricks, a Stockholm-based vendor, for their futures trading requirements.
Buy Side Still Not Ready for June 10 Swaps Deadline
Apparently one set of guinea pigs wasn't enough. Even though Category 1 swap participants─swap dealers and the largest hedge funds─have been clearing most of their interest rate and credit default swaps since March 11, Category 2 participants─a group…
Liquidity Aggregation Through FCMs Appealing, But Info Leakage a Question
Even as the estimated number of swap execution facilities (SEFs) drops, fragmentation is still predicted to become an issue in the world of centrally cleared swaps. There is therefore room in the market for an aggregation service, to source liquidity…
Down Mexico Way: Will State-of-the-Art Tech Lure Liquidity?
Sensing an opportunity as the local economic picture continues to shine, the Mexican stock exchange last year installed a matching engine with significantly better latency and throughput. The technology is unquestionably in place, but will liquidity…
Two New Brazilian Markets to Surveil with Nasdaq Solution
Brazilian exchange BM&FBovespa (BVMF) has gone live with Nasdaq OMX’s Smarts Integrity market surveillance platform across commodities and futures.
Torstone's Back Office System Made Available for VPN
Torstone Technology, the UK-based provider of securities and derivatives processing software, today announced the availability of the Inferno back office system for virtual private cloud (VPC) environments such as Amazon or Rackspace.
FlexTrade Puts OneMarketData Analytics Into its EMS
FlexTrade Systems, is now offering integration with OneMarketData’s OneTick, a single solution for complex event processing (CEP) and tick data, to enhance FlexTrader, its execution management system (EMS).
Boston Mutual Fund Adopts Linedata for Fund Accounting
Northeast Investors Trust will use Linedata Mfact fund accounting software to streamline portfolio and general ledger accounting, reduce operational risk and to augment the flexibility of its reporting capabilities.
Itaú BBA Chooses 4sight For US Securities Finance and Collateral Management
Brazilian bank Itaú BBA has selected 4sight's securities finance and collateral management solution to support its US-based securities lending and repo business, Itaú BBA USA Securities.
Instant Messaging Solution Announced by FactSet
FactSet, a Connecticut-based provider of financial data and analytical software, has released FactSet IM, an open collaboration instant messaging (IM) platform.
Mobile ROI Hard To Quantify For Financial Firms
At a debate on the impact of consumer technology in the financial services industry, four mobile specialists expressed their opinions on what has been overhyped and what's been underhyped.
ITG Canada Colocates With TMX
ITG Canada and its crossing network, Match Now, have completed their technology migration into the TMX Datalink colocation facility.
Apogee Leadership Team Joins Gravitas
The management team of Chicago-based consultancy Apogee Strategies has joined Gravitas, an India-based technology provider to the alternative investment industry, following a joint venture launched in 2011.
Waters Roundtable: Risk and Compliance Too Close, Stress Tests Overused
Risk and compliance have always been, if not married, then at least dating. Recently, though, they’ve become that weird, co-dependent couple that answers for each other, having to call home to check in every two hours. A few risk managers at a recent…
Nasdaq OMX and CME to Trade Market Data By Microwave
Colocation customers of Nasdaq OMX and the CME Group will be able to receive market data from the other exchange in record time, thanks to a microwave connection set up between their respective data centers in Carteret, New Jersey, and Aurora, Illinois.
Metrics Man: BNY Mellon CIO Suresh Kumar
Suresh Kumar moved to the US at 24 to find a job in technology. Along the way to becoming CIO at BNY Mellon, he directed the first online brokerage, built a laudable technology stack at Pershing, and installed a software company back home in southern…
NRI's OMS Gets an Upgrade
Nomura Research Institute (NRI) has enhanced its order management system (OMS), SmartBridge Advance (SBA), to integrate mutual fund and investment advisory operations’ execution processes.
Poll: Intra-firm Collaboration Is Key
Collaboration within firms is increasing, according to a poll by Boston-based analyst firm Celent. At least, the need for collaboration is increasing. It may take a new set of tools to exercise those collaborative muscles to the fullest.
ADR Services Now Available on RealTick
ConvergEx Group has made its ADR Direct and Reverse ADR products available through its execution management system, RealTick.
Oanda Upgrades fxTrade Mobile App
New York-based foreign exchange (FX) trading services provider Oanda has upgraded its fxTrade mobile applications for iPhone, iPad, and Android devices.
Napier Park Selects Options For Infrastructure
Napier Park Global Capital will use the PIPE Core and Momentum services from Options as its fund’s technology infrastructure, the New York asset manager, a spinout from Citigroup, announced today.
MA&PS Stops Emerging Hedge Funds From Getting Lost
I.A. Englander, the New York brokerage house, launched its prime services bureau in 2010. That's the PS in its new MA&PS offering. The MA is for managed accounts, which it officially added today to form what it hopes will be a panacea to investors in…