Derivatives
Sluggish Back-Office Systems Added to Margin Pressures
Systems supplied by FIS struggled to handle a massive spike in March trading volumes, according to multiple sources.
TMX Forges Ahead to Offer Round-the-Clock Derivatives Trading
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
This Week: Nasdaq, Trading Technologies/Nodal, Finantix, GLMX/UnaVista
A summary of some of the past week’s financial technology news.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
People Moves: Ultumus, Liquidnet, OpenDoor, MIX, Deutsche Börse
A look at some of the key "people moves" from this week, including Fe Zamora who joins Ultumus to run their new US office.
Ex-JP Morgan Trader Tackles Complex Computing with New Programming Language
Concurnas founder says his language will help traders work more easily with concurrent computing and offer a Python-like syntax with Java-scale performance.
HazelTree Looks to Get Ahead of UMR Phases 5 & 6 with AcadiaSoft Partnership
As a result of UMR, the vendor forecasts the buy side will attempt to minimize its risk, and will pay big if it doesn't.
People Moves: FTSE Russell, UKGI, Clearwater, Cloud9, LDX
A look at some of the key People Moves from this week.
Crédit Ag Taps AI to Lure Swaptions Business
The machine learning model predicts client demand with high accuracy, giving traders an edge in pricing.
Illuminate Rounds Out Baton Systems Funding with $4m Investment
This is the first investment Illuminate has made in a company offering DLT-based tech.
This Week: Refinitiv; Broadway; BMO/Clearpool; Skytra/Nasdaq & More
Catch up on some of the past week's financial technology news.
Cboe Plans Comeback in Crypto Markets
The US exchange is again planning to offer crypto derivatives, while after previous attempts to gain regulatory approval to list crypto ETFs were thwarted.
Isda Wants Regulators to use its Model to Draft Rules
The trade association is looking to offer its Common Domain Model to rulemakers.
Machine Learning Takes Hold in the Capital Markets: Some Examples
WatersTechnology looks at 16 projects in the capital markets that involve machine learning to show where the industry is heading.
OKEx Expands Crypto Derivatives Offering
The Malta-headquartered digital asset exchange has upgraded its trading architecture, with an eye on futures and options trading features.
Bad Clocks Block FX Best-Ex
To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t.
SmartStream Goes to Market With Fresh Air
Sibos 2019 was a significant event for SmartStream Technologies, marking the official launch of SmartStream Air, the firm’s cloud-native, AI-enabled reconciliations platform that is set to shake up the reconciliations industry. Victor Anderson caught up…
After Fidessa Exodus, Some Users Brace For Trouble
WatersTechnology spent three months examining Fidessa to see what has transpired inside the vendor since the Ion acquisition. During a period of great change, a lot of questions—and worry—remain.
Numbering Association Starts Work on Crypto Identifiers
Anna task force explores how Isins can be extended to digital assets such as tokenized securities and cryptocurrencies
MarkitSERV Delays Credit Rollout for TradeServ Platform
The vendor is live with FX NDFs on the new cloud-based platform, but credit has been pushed to 2020 earliest.
DTCC Explores Gatekeeper Role for DLT Networks
Post-trade company looks to stay ahead of DLT curve with plans to act as CCP for firms trading on permission-based blockchains.
People Moves: BMLL, DriveWealth, Blockchain, GCTA
A look at some of the key "people moves" over the past week, including Howard Surloff (pictured, right), who joins Blockchain.
People Moves: Finra CAT Fills CTO and CISO Positions
Also, a look at new hires for IHS Markit, UBS, TickSmith, BitGo and Amber Group.