Articles by Jake Thomases
Fenics Embeds Options Pricing into 360T
Fenics Software, a GFI Group company, has signed an agreement with 360 Treasury Systems (360T) to embed the Fenics FX Options Pricing engine (Fenics ePricer) into 360T's TEX multi-dealer trading system.
Velocimetrics Debuts V4.0 of Flow Management Product
Velocimetrics, a producer of business flow management software, has released Version 4.0 of its flagship product. The latest version has over 70 new features, including drag-and-drop configurability, new live connectivity visualization, live distribution…
Data is a Mess, So Why Not Unify it
As data volumes skyrocket, their efficacy is getting more opaque. Organizations need to get their data under control, in one location, so they can squeeze better value out of it.
MKS Chooses SmartTrade for Liquidity Management
Switzerland-based precious-metals service provider MKS SA has selected Paris-based smartTrade's liquidity management system (LMS) to handle its physical customer pricing.
RTS Partners With KVH for Hosting and Connectivity
RTS Realtime Systems Group (RTS) has launched proximity hosting and low-latency connectivity services in Japan by leveraging KVH, an information delivery platform headquartered in Tokyo.
Trading Technologies and Phillip Capital Expand Relationship Into US
Phillip Futures, a Chicago-based futures clearing entity of Singapore's Phillip Capital, and Chicago-based derivatives solutions vendor Trading Technologies (TT) have begun offering TT's high-speed derivatives execution solutions to Phillip Futures'…
GFI's FX Platform Makes Changes
Fenics Trader, GFI Group's Fenics foreign exchange (FX) options multi-bank trading platform, will now be renamed GFI Direct and operated by subsidiaries of GFI Group, in a response to new regulation.
Integral Co-Founder Joins EBS
EBS, the electronic foreign exchange (FX) platform from UK-based interdealer broker ICAP, has appointed Viral Tolat as CTO, based in New York.
FXSpotStream Adds Morgan Stanley as Liquidity Provider
LiquidityMatch subsidiary FXSpotStream announced that Morgan Stanley has gone live as a liquidity provider of FXSpotStream's price aggregation service from FXSpotStream's sites in New York and London.
Start Me Up: Startups Shake Up the Field
Nearly everyone in the financial technology arena knows someone who’s worked with an entrepreneur in the early stages of a business. Building something from the ground up into a profitable enterprise is a common dream. Jake Thomases takes a look at four…
American Financial Technology Awards 2012: Best Sell-Side Technology Executive — Steve Ellis, Wells Fargo
In late 2008, Wells Fargo’s executive vice president, group head of wholesale services, was dragged, reluctantly, into managing the merger of the Wells Fargo and Wachovia technology stacks following the purchase of the failed Charlotte-headquartered bank…
American Financial Technology Awards 2012: Best Mobile-Strategy Initiative — Bank of America Merrill Lynch
This new category for the 2012 American Financial Technology Awards reflects the world’s increasing use of mobile devices like Apple iPads and iPhones, and BlackBerrys to perform financial functions previously reserved for the desktop computer. Bank of…
American Financial Technology Awards 2012: Best IT Integration Initiative ─ Wells Fargo
Most corporate acquisitions are done for one of two reasons: The two companies are very similar and the bigger one wants to eliminate a competitor, or the two are very different and the bigger one wants to diversify. Wells Fargo’s overnight purchase of…
American Financial Technology Awards 2012: Best OTC Trading Initiative — Citi
The debut of Citi’s transparency reporting portal couldn’t have been timed better, right down to the day. On June 11, 2012, the bank rolled out the Client Money Segregation portal, giving clients insight into where their segregated funds are being kept,…
American Financial Technology Awards 2012: Best Cross-Asset Trading Initiative — Bank of America Merrill Lynch
It is becoming less acceptable for trading platforms to lack multi-asset capability. Another kind of consolidation was already on Bank of America Merrill Lynch’s (BAML’s) mind in mid-2010, when it strove to provide a fully integrated client experience…
Northern Trust Brings on Grady for Fund Services
Chicago-based Northern Trust has hired longtime State Street employee Nancy Grady as head of fund administration and fund accounting for North America.
HKEx Unveils Extensive Restructure
The Hong Kong Exchanges and Clearing (HKEx) has undergone a major personnel restructuring, with all new appointments effective today.
State Street Rolls Out Compliance Assistance
State Street has developed a suite of services to assist clients with compliance testing and reporting requirements for the US Commodity Futures Trading Commission’s (CFTC) rule amendments announced last year.
ConvergEx Improves Asia-Pac Algos
ConvergEx has made enhancements to its execution capabilities in the Asia-Pacific markets.
InfoReach Enhances Risk Tool
New York-based trading platform provider InfoReach has enhanced its risk limits tool, available as part of its trade management system or as a separate module.
OTC Participants Self-Report a Lack of Readiness
A survey by London-based consultancy Rule Financial has quantified, albeit in an unscientific way, what a feature for the November issue of Waters revealed anecdotally: Financial institutions are unprepared for over-the-counter derivatives (OTC) reform…
OTC Participants Self-Report a Lack of Readiness
A survey by London-based consultancy Rule Financial has quantified, albeit in an unscientific way, what a feature for the November issue of Waters revealed anecdotally: Financial institutions are unprepared for over-the-counter derivatives (OTC) reform…
The Best of the Buy Side in 2012
The pick of Waters' buy-side coverage from the past year.
MarkitSERV Expands Ice Clear Credit Connectivity
MarkitSERV, the electronic trade processing service for over-the-counter derivative transactions, has enhanced its connectivity and trade management support for buy-side clearing of credit default swap (CDS) transactions at ICE Clear Credit. The first…