Articles by Jake Thomases
Interactive Data CEO Promotes Data Transparency
As global head of operations and technology at Morgan Stanley, Stephen Daffron's biggest problem was a lack of transparency in the data he bought from vendors. Now that he's moved over to the CEO's office at one of those data vendors, he has a chance to…
CEO Daffron Brings Data Ideas from Morgan Stanley to Interactive Data
As global head of operations and technology at Morgan Stanley, Stephen Daffron’s biggest problem was a lack of transparency in the data he bought from vendors. Now that he’s moved over to the CEO’s office at one of those data vendors, he has a chance to…
CEO Daffron Brings Data Ideas from Morgan Stanley to Interactive Data
As global head of operations and technology at Morgan Stanley, Stephen Daffron’s biggest problem was a lack of transparency in the data he bought from vendors. Now that he’s moved over to the CEO’s office at one of those data vendors, he has a chance to…
Merger MegaDeals Lead Exchanges to Mull Tech/Data Integrations
The IntercontinentalExchange (ICE) this week announced the successful completion of its $11 billion stock and cash acquisition of NYSE Euronext. But challenges still lie ahead for the two exchanges, which now face the prospect of a much greater…
Savvis Datacenter to Host IEX's New ATS
IEX Group has selected Savvis’ flagship datacenter complex in Weehawken, New Jersey as the primary site of its new alternative trading system (ATS).
Fonetic Adds Voice Biometrics to Record Keeping Solution
Madrid-based Fonetic has integrated voice biometrics capabilities into its solution for Dodd-Frank Title VII mandates for voice and data record keeping, incorporating them into Dodd-Frank Trading Record Keeping Compliance solution.
New Kurdistan Exchange Gets Help from Nasdaq
The Erbil Stock Exchange (ESX), located in the semi-autonomous Kurdistan region of Iraq, will be powered by Nasdaq OMX’s X-stream trading technology. X-stream will provide ESX with a solution to trade equities and debt instruments, and position ESX to…
Nittan Capital Chooses Fenics for FX Options Risk and Pricing
Nittan Capital, an Asia-Pac interdealer broker specializing in derivatives, has deployed Fenics Professional, a pricing and risk management system for FX options, in its Singapore and Hong Kong offices.
New Equities ATS to use Verdande for Surveillance
IEX, a US equities alternative trading system (ATS) launched on Oct. 25, is using the VTEdge case-based reasoning (CBR) platform from Norway-based Verdande Technology for operational surveillance of trading activity.
CQG QTrader to Perform Charting and Execution
CQG has released CQG QTrader, a charting and execution platform to make its market data, charting, and electronic trading more accessible.
Will Consolidation or Fragmentation Follow NYSE–ICE, Bats–Direct Edge?
NYSE Euronext–IntercontinentalExchange (ICE) and Bats–Direct Edge have cleared most regulatory hurdles—NYSE–ICE is days away from being cemented, according to reports, and Bats–Direct Edge just received approval from the US Justice Department. So the…
NexxCom Taps ENYX for Network Policing
La Jolla, California,-based NexxCom Wireless has selected the latest nxLink Fair Bandwidth Management (FBM) solution from Paris-based ENYX to enhance its proprietary low-latency wireless networks, supporting financial venues globally.
RealTick Users to Get CQG Connectivity
CQG’s Continuum order routing network is now available in Eze Software’s RealTick execution management system (EMS).
Alpha Omega Makes Global Launch of Post-Trade Solution
Alpha Omega Financial Systems, a post-trade technology provider based in San Francisco, has globally launched FIXAffirm, a post-trade solution based on the industry standard FIX protocol.
Citi to Mix Retail and Institutional Flow in Mexico
With its new Mexican order facilitation platform, Retail Price Improvement, Citi will provide full penny price improvement to retail investors, and ultimately institutional investors, on the Bolsa Mexicana de Valores (BMV).
Newedge UK to Partner with GMEX MTF
French broker Newedge has joined forces with Global Markets Exchange Group International (GMEX Group), a market operator, consultancy, and technology provider.
Corvil Adds Monitoring for Database Systems and Others
Corvil, a Dublin-based provider of operational performance monitoring, has debuted a new range of solutions for monitoring applications and services.
UL Bridge FIX 5.0 Compliant
Ullink, a Paris-based provider of connectivity and trading solutions, has made its UL Bridge connectivity platform compliant with FIX 5.0, the preferred communication protocol for swap execution facilities (SEFs).
Low Latency Still Sells, Says Microsecond-Breaking Exablaze
Count Australian hardware provider Exablaze among those who believe that the latency race is far from slowing down. The Melbourne-based vendor spun off from high-frequency trading (HFT) firm Zomojo in May with the intention of building high-speed network…
Tradeweb Revamps Retail Fixed Income With BondDesk Buy
Tradeweb Markets, a builder and operator of fixed income and derivatives marketplaces, has completed the acquisition of BondDesk Group, a provider of retail fixed income wealth management and trading technology, which Tradeweb purchased in September.
Bank of Singapore Takes Ullink's OMS and Connectivity
Bank of Singapore has selected Ullink’s connectivity and order management systems.
Change Management: CIFC's Enrique Smith on IT and Finding God
From the day he walked through the door at CIFC, Enrique Smith was tasked with rebuilding the asset manager’s technology stack. Making big changes isn’t an issue for him, if his personal life is any indication. By Jake Thomases with photos by Amy Fletcher
Deutsche Börse Preps for HFT Regulation
Deutsche Börse has released version 14.0 of its electronic trading system, Xetra.
Chinese Exchange to Cooperate with Nasdaq
Shanghai-based China Financial Futures Exchange (Cffex) and the Nasdaq OMX Group have signed a memorandum of understanding (MOU) at the World Federation of Exchanges’ annual meeting to strengthen cooperation and promote mutual development.