Trading Tech
Options Expands Into CME, Completes US Co-Lo Map
Infrastructure-as-a-service provider Options (formerly Options IT) said it has expanded into CME Group's co-location facility in Aura, Illinois, completing its coverage of all US exchange co-location facilities.
IEX Taps First Derivatives for Market Surveillance
Alternative trading system IEX has selected the Delta software platform from First Derivatives for its trade surveillance and analytics capabilities.
Gurle: Goldman Consortium's $66M Symphony Will Make Harmony with Markit Messaging
Symphony, the secure messaging platform being created by the $66 million acquisition of Palo Alto-based software vendor Perzo by 14 major financial firms, will complement──rather than compete with──data vendor Markit's Collaboration Services suite of…
Abacus Adds Transparency into its Cloud
Buy-side focused Abacus Group has launched Abacus Client Portal, which is designed to give clients greater control of and transparency into their AbacusFLEX cloud services.
Stock Order Worth $617 Billion Cancelled in Japan's OTC Market
Shares in 42 companies adding up to $617 billion were canceled in Japan's over-the-counter market thanks to a trading error, according to a report from Bloomberg.
Esma Releases Final Draft Standards for IRS Clearing
The European Securities and Markets Authority (Esma) has released its final draft regulatory technical standards (RTS) for the central clearing of interest-rate swaps (IRS).
Goldman-Led Consortium Unveils Symphony Communication Services
In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
Managing Compliance from a Single Platform
Northern Trust says it has improved post-trade OTC reporting for clients since deploying Sapient's Compliance Management Reporting System
Xignite Debuts New Software Development Kits
Market data provider Xignite is rolling out new Software Development Kits (SDKs), which will debut at the FinDEVr conference in San Francisco over the next two days and be available for Java and .NET on GitHub.
Xignite Builds Managed Java, .Net APIs
San Mateo, Calif.-based on-demand data provider Xignite has released new software development kits for Java and .Net that will enable clients, prospects and financial technology developers to build applications that leverage Xignite's market and…
DTCC and Euroclear to Create Collateral-Processing Joint Venture
The Depository Trust and Clearing Corp. (DTCC) and Euroclear have established a joint venture that will offer market participants access to the Margin Transit Utility (MTU) and Collateral Management Utility (CMU) services, in line with new collateral…
S&P Cap IQ, Kuberre Launch Event Fusion Real-Time Alerting
S&P Capital IQ, the data arm of McGraw Hill Financial, and Andover, Mass.-based financial technology provider Kuberre Systems will launch a new cloud-based platform, dubbed Event Fusion, today, Sept. 30, which provides real-time alerts on news and…
Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…
Pacific Life Insurance Taps Calypso for Collateral Optimization
Pacific Life Insurance Company, a life insurance company headquartered in Newport Beach, CA has selected Calypso Technology’s Calypso Collateral Management platform to automate and optimize its collateral allocation activities.
Soc Gen Unveils Buy-Side Outsourcing Service
Société Générale Securities Services (SGSS), a subsidiary of Paris-based multinational banking and financial services firm Société Générale, has launched an integrated wealth and investment management outsourcing service for the UK. Aimed at mid-tier…
Colt Launches Global FX Liquidity Service
Colt, the London-based telecoms giant, has unveiled its FX Liquidity Access service, connecting market participants to the London, New York and Tokyo FX markets. The service, which includes low-latency connectivity and proximity hosting, is designed to…
CenturyLink Opens First Mainland China Datacenter
Datacenter, internet and hosting provider CenturyLink has opened a datacenter in Shanghai to provide locally hosted infrastructure for multinational firms doing business in China, and to support "data sovereignty," officials say.
S&P Boss Eccleston Resurfaces as TMX CEO
Canadian exchange group TMX has appointed former S&P and Bloomberg exec Lou Eccleston as chief executive, effective Nov. 3, replacing Thomas Kloet, who announced his retirement earlier this year.
Study Shows Asian Firms Are Not Ready for Move to T+2 For European Securities
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
SunGard Unveils Solutions to Manage Corporate Actions Risk
SunGard announced the launch of XSPosure, a cloud-based risk dashboard designed to reduce corporate actions risk exposure.
McObject Taps C3S as Southeast Asia Distributor
Issaquah, Wash.-based in-memory database provider McObject has signed a deal for Singapore-based financial technology provider C3S to act as a local distributor for McObject's eXtremeDB Financial Edition database system and related product family in…
Guggenheim's Joseph Lodato Pulls Tech, Compliance Together
Anthony Malakian sits down with Joseph Lodato, chief compliance officer at Guggenheim Securities, to discuss the need for compliance and technology to work together in the current regulatory environment. Photos by Timothy Fadek
Tri-party Agents Ready Ahead of Eurosystem Collateral Management Deadline
The European Central Bank’s (ECB's) initiative to reduce collateral fragmentation and operational risk across Europe has taken another step forward today as firms are now allowed to use tri-party collateral services for cross-border pledges to national…