Articles by James Rundle
Succession Selected by BCS for Market Access Risk Management
BCS Prime Brokerage has announced that TripleCheck, Succession Systems' ultra-low-latency risk engine for direct market access (DMA), will be implemented at the firm for clients accessing Russian markets.
Linedata Reels in Strong for Business Development Role
Paris-headquartered vendor Linedata has announced that Robin Strong has joined the company as its director of business development and client strategy.
CFTC Gives Green Light for Tradeweb's SEFs
The US Commodity Futures Trading Commission (CFTC) has granted temporary approval to Tradeweb Markets' application for swap execution facility (SEF) status.
Singapore Displaces Japan as FX Market Tops $5tn Daily
The foreign exchange (FX) market's daily turnover has reached an estimated $5.3 trillion, according to the Bank for International Settlements (BIS), with over half of the volume accounted for by electronic trading.
Regis-TR and TriOptima Partner on Portfolio Reconciliation
TriOptima and Regis-TR have announced that they will provide portfolio reconciliation of the latter's trade repository data with that in the triResolve service.
ICBPI Takes Etrali Open Trade for Comms
Etrali Trading Solutions has announced that Instituto Centrale Banche Popolari Italiane (ICBPI) has taken its Open Trade turret platform, along with a recording solution, for its Milan trading room.
Moscow Exchange Completes First Day of T+2
Equity and bond markets have completed their first day of trading under T+2, or settlement two days after trade date, on the Moscow Exchange.
A Long Way to Go
The Financial Stability Board (FSB) report on over-the-counter (OTC) derivatives reform makes for interesting reading, pointing out a number of areas where the markets are moving towards the Group-of-20 (G20) mandate set in 2009. The picture, overall,…
FSB Report Highlights OTC Reform Challenges
The Financial Stability Board (FSB) has released its latest report on the progress of global reform regarding the trading of over-the-counter (OTC) derivatives, saying that important milestones have been reached, but work is still needed from all…
Wolters Kluwer Completes Svenson Acquisition
Wolters Kluwer Financial Services has announced the completion of its deal to purchase reporting software Svenson, from fellow software vendor SmartStream.
Nasdaq Apologizes for Trading Disruption, Cites NYSE as Catalyst
Nasdaq OMX has released a report on the August 22 technology disruption that saw trading on the exchange halted for three hours, creating a knock-on effect for a number of other crossing networks and markets.
CDIB Implements eFront for Fund Management Support
Taiwanese investment bank CDIB has deployed eFront's FrontInvest package to support the growth of its fund-management business in mainland China.
Slovenian CSD Takes Swift for T2S
KDD Central Securities Clearing Corporation will connect to the pan-European Target2-Securities (T2S) platform using Swift's value-added network (VAN), the provider has announced.
Trapets Nabs Nylén from Burgundy
Trapets AB has announced that Peter Nylén, head of market surveillance at multilateral trading facility (MTF) Burgundy, will be joining the vendor.
Tieto Takes on Länsförsäkringar Fund Systems
Tieto has announced that it has signed an agreement with Länsförsäkringar to manage the Swedish bank's fund-administration systems.
HKEx Picks Jones for LME Top Spot
Hong Kong Clearing and Exchanges (HKEx) has announced that Garry Jones will succeed Martin Abbott as the CEO of the London Metal Exchange (LME).
FixSpec Announces Central Debut
London-based vendor FixSpec has announced the launch of Central, its enterprise platform for connection monitoring and operational analytics.
Malfunction! Malfunction!
It’s not been a great week for capital markets technology. For the past seven days, I’ve had the image of Robby the Robot in my head, being told by Doctor Mobius to go against his basic programming, and building up to a short circuit as a result. This,…
SEC Chief to Summon Industry Heads After Tech Outages
Mary Jo White, chair of the US Securities and Exchange Commission (SEC), has said that she will convene a meeting of senior industry executives after an outage at Nasdaq OMX halted trading for three hours on Thursday.
Cetip Offers ICE Link for Brazilian Trading
Intercontinental Exchange (ICE) has announced that its ICE Link tool for post-trade processes in credit-default swap trading has been made available on Cetip|Trader, the service provider's platform for Brazilian fixed income.
MacKay Shields Weathers Storms with Vigilante's Tech Vision
MacKay Shields has weathered some of the worst storms in recent memory, thanks to a forward-thinking approach to technology, which has been driven in part by its long-serving head of IT. By James Rundle, with photos by Amy Fletcher
James Rundle: Prizing Open Markets
The introduction of competition, according to capitalist doctrine, is a pre-requisite for establishing an efficient and growing economy. But for the capital markets, James says, plans to open trading landscapes to new venues come with their own…
Eurex and Moscow Exchange Partner on FX Futures
Eurex and Moscow Exchange have announced that they will collaborate on the trading of foreign exchange (FX) derivatives, with the Deutsche Börse subsidiary hosting dollar/rouble and euro/rouble futures on its trading system later this year.
CSRC Widens Everbright Glitch Probe
The China Securities Regulatory Commission (CSRC) has announced that it will expand its investigation of trading systems to include all Chinese brokerages, following a glitch in Everbright Securities' high-frequency engine that caused it to mistakenly…