Articles by Jake Thomases
Options to Open Chicago Office
Options, a private cloud provider, will open an office in Chicago on March 1 to serve regional clients, as well as communicate with proprietary trading firms in the area.
GFI Group Changes CEOs
GFI Group president Colin Heffron will assume responsibility as CEO, effective immediately. A company spokesperson says Heffron was being groomed to take over the role.
Collateral Transformation's Influence on Optimization
Some people see collateral transformation and collateral optimization as equivalent solutions to the margin demands of central counterparties. In reality, they should not be considered different sides of the same coin.
Optimize: The How and Who
Collateral optimization is a reality for a few institutions, an attainable goal for a few others, and a pipe dream for the rest. In the second part of his feature on optimization, Jake Thomases checks in on who is optimizing and who isn’t, and on what an…
Collateral Transformation's Influence on Optimization
Some people see collateral transformation and collateral optimization as equivalent solutions to the margin demands of central counterparties. In reality, they should not be considered different sides of the same coin.
Mellanox to Provide Server Interconnects for NLX
Nasdaq OMX NLX has selected the InfiniBand solution of Mellanox Technologies, a supplier of interconnect solutions for data centers, as the server interconnect for its matching engines.
LSE Buys Two-Thirds Stake in GATElab
GATElab, a vendor of low-latency trading solutions, announced today that it has sold a 67 percent stake to the London Stock Exchange Group (LSEG), effective as of last December.
Misys and MarkitSERV Team Up For FX Clearing Capabilities
Misys' Confirmation Matching Service (CMS) customers can now to deliver foreign exchange (FX) derivative trades to central counterparties (CCPs) through MarkitSERV's FX clearing gateway.
Midwestern Exchange Ends Outcry Trading After 156 Years
The CME Group promised, upon completion of its purchase of the Kansas City Board of Trade (KCBT) in December, to keep the exchange's trading floor open for at least six months. That promise will go no further, as CME has announced its intention to end…
Swaps Exchange TrueEX to Receive Services From Interactive Data
Massachusetts-based Interactive Data will provide a suite of services to trueEX, the first interest rate swaps exchange approved by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM).
OpenLink Announces EMIR Compliance Software for Bilateral Derivatives
OpenLink Financial, a transaction lifecycle management (TLM) software provider based in Uniondale, New York, has launched a European Market Infrastructure Regulation (EMIR) business intelligence solution, an extension of OpenLink's CubeIntelligence…
Perseus Connects with London Data Exchange
London Data Exchange (LDeX), provider of London-based colocation facilities and data center services, is offering a global exchange platform for London-based trading firms, in collaboration with Perseus Telecom.
Fixed Income Panel Talks Fragmentation and SEF Rules
A panel at a recent Tabb Group conference on the future of fixed income debated the delay in implementing SEF rules and the effect of venue aggregation.
Fixed Income Panel Talks Fragmentation and SEF Rules
A panel at a recent Tabb Group conference on the future of fixed income debated the delay in implementing SEF rules and the effect of venue aggregation.
BYOD Trend Could Portend IT-Business Relationship Shift
Though Howard Halberstein is cynical about the origin of the bring-your-own-device (BYOD) revolution, Jean Hill says it could be symptomatic of a sea change in the way IT approaches the business side of an organization.
TT Fills Top Buy-Side Need with Multibroker Solution
For five years, Chicago-based derivatives software vendor Trading Technologies (TT), attempted to adapt its X_Trader derivatives trading platform to incorporate multiple brokers, without success. The technology proved too complicated. Not long ago it…
Gresham Invites FDM to Help Implement its Transaction Control Software
Gresham Computing, a provider of transaction control solutions, has appointed FDM Group, fellow London-based IT services provider, as a strategic implementation partner for its Clareti Transaction Control (CTC) software.
FX Has a Place in Emerging Markets, Too
When most people think of trading in emerging markets, they think of equities first. Equities uses well-established procedures and technology and is therefore easiest to implement. In a webcast on foreign exchange (FX) technology, though, FX specialists…
ConvergEx Quits 'Front-End' Tech Business with Eze, RealTick Sale
ConvergEx Group has announced a definitive agreement to sell its Eze Castle Software and RealTick businesses to private investment firm TPG Capital.
Optimize: The Whens and the Whys
Collateral optimization systems are coming into vogue as a means of handling some of the obligations of Dodd–Frank and EMIR. In part one of a two-part feature, Jake Thomases examines exactly what about the current market is prompting the adoption, and…
Options Makes it Official With Former NYSE COO
After working behind the scenes since July, Danny Moore has been officially named as COO of Options, the infrastructure-as-a-service (IaaS) provider that rebranded itself late last year, when it was known as Options IT.
Nasdaq to Power Trading and Clearing on East African Exchange
The East Africa Exchange, a new commodity exchange opening in Kigali, Rwanda, has selected Nasdaq OMX as its technology partner.
Stewart to Lead Credit Suisse in Australia
Rob Stewart has been appointed CEO of Credit Suisse in Australia, effective Feb. 1. He will remain co-head of the investment banking department.
Kunz Becomes Chair of Information Mosaic
Information Mosaic, the Dublin-based post-trade software company, has named Ulrich Kunz as the new non-executive chairman, effective immediately.