Outage
Banks and HFTs team up to solve exchange outage dilemma
There are hopes that a ‘gentlemen’s agreement’ between industry participants can break the first-mover disadvantage for liquidity providers.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
As ASX preps Chess replacement testing phase, other data & cloud projects progress
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO.
Point Break: How Vendors Push Their Products to the Limit
Vendors don’t release new products or updates without putting their software through rigorous testing. What does that testing involve, and what different approaches do companies employ? Max Bowie finds out.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Broker Tradition Shifts to Virtual Desktops
The company is considering a full move to virtual-working solutions after investing in remote access for brokers and other staff during the Covid-19 pandemic..
Trading Venues Face Resilience Test in Covid-19 Pandemic
Software testing and monitoring keeps market infrastructure a step ahead amid market volatility.
NYSE Eyes 'Safe' NY Floor Reopening as Research Shows Value of Open Outcry
NYSE COO Michael Blaugrund looks ahead to a potential reopening of the exchange's iconic New York trading floor, and describes why NYSE believes it's appropriate to reopen the Arca Options floor earlier, and the role of DMMs in reducing volatility.
Nasdaq, Cboe Fix Feeds Hit by Options Overload
Recent market volatility overwhelmed the Nasdaq BX and Cboe market depth feeds with so much activity that the exchanges did not have enough physical numbers to accurately represent it.
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.
On the Rise of SaaS, Cloud & Chaos: BCP in an Unknown World
It’s business as usual—except when it’s not. Traders, investment bankers, asset managers, and the vendors who serve them will operate using their business continuity plans indefinitely. Tech innovations over the last decade have made these plans better,…
This Week: Philippine Stock Exchange, IBM, Cboe, Esma & More
A summary of some of the past week’s financial technology news.
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
The Cloud Breach Blame Game
As cloud computing becomes an ever more critical component of any modern financial technology infrastructure, cloud deals are coming under increased regulatory scrutiny.
Banks Forge Cloud Agreements to Split Accountability
Banks are trying to split responsibility for their operating environments with the major cloud providers. Regulators are having none of it.
The Hard, Human Lessons of RPA
Robotics’ promise to revolutionize operations by automating tasks and accelerating processes is hitting implementation roadblocks.
UK Regulator Deepens Partnership with Sopra Steria
Although there were reported glitches after Mifid II went live with the Market Data Processor (MDP), the FCA signed on for bigger projects with the company that built the platform.
FCA: Bad Tech Leads to Cyberattacks
UK regulator warns of firms' inability to manage system failures and cyber attacks as reports in incidents are on the rise.
Bitfinex Joins Market Synergy’s Crypto Connectivity Infrastructure
The network will provide the crypto exchange with access to institutional clients and co-location services.
Code Red: Trading Firms Turn to AI for System Stability
As IT systems are buckling under the pressure of modern day trading volumes and regulatory requirements, some firms are turning to AI to predict and minimize outages.
Bad Blood: Regulators Lose Patience with Mifid II’s Dirty Data
Problems and bad practices continue to plague Europe's vision of a new transparency regime. An inside look.
Wavelength Podcast Episode 124: Exchange Outages and Blockchain Developments
The LSE suffered a major outage this week while blockchain was very prevalent in this week's headlines.
Auction System Glitch Led To LSE's Morning Blackout
London bourse's trading delay was the first such disruption in years.
ITRS Upgrades Big Data Monitoring and Analytics
ITRS integrations offer full visibility of commonly used open-source data technologies and applications.