Trading Tech
Swift Unveils Revamped Payments Reference Data Tool
International payments utility Swift has unveiled a new version of its Bankers World Online directory─part of its SwiftRef payments reference data suite─that now includes broader coverage and datasets, such as Business Identification Codes (BICs),…
ConvergEx Survey: Market Not “Fair For All Participants”
A recent survey on US equity market structure conducted by New York-based broker ConvergEx found that 70 percent of respondents do not believe that equity markets are “fair for all participants.”
Cordium and Indus Valley Partners Team Up for AIFMD Compliance
UK-based compliance specialist Cordium is partnering with New York-based technology provider Indus Valley Partners (IVP) to offer a solution for the Alternative Investment Fund Managers Directive’s (AIFMD) Annex IV reporting requirements.
Ashmore Selects Vermilion for Client Reporting
Software vendor Vermilion has announced that Ashmore Group has gone live with its Vermilion Reporting Suite (VRS), following a four-month implementation.
Fincad Debuts F3 for Risk and Margin
Fincad, the Vancouver-based provider of over-the-counter (OTC) derivatives pricing and risk management solutions, has launched the F3 Platform, which provides enterprise-wide views of risk and collateral requirements.
Fincad Bows F3 Valuation, Analytics Platform
Canadian over-the-counter derivatives pricing and risk management software vendor Fincad has rolled out its F3 platform for enterprise valuation and risk analytics, which provides views of risk, margin and collateral requirements across an enterprise,…
Atlas, NSX Sign MOU For Digital Currency Oversight
Atlas and Jersey City, N.J.-based National Stock Exchange (NSX) have signed a memorandum of understanding to make the alternative trading system (ATS), which facilitates trading in Bitcoin, Litecoin, and digital currency options, the first of its kind to…
JSE Integrates Clearing Technology from Cinnober
The Johannesburg Stock Exchange (JSE) has partnered with Cinnober for the development of its multi-asset clearing technology platform.
US Accountability Body Criticizes SEC Infosec Approach
The US Government Accountability Office (GAO) has released a critical report on information security practices at the Securities and Exchange Commission (SEC), finding that basic security measures are not taken by the regulator and that it must improve.
Morningstar Partners UBS Delta for Solvency II Calculations
Research firm Morningstar UK and UBS Delta have announced a joint offering that will provide Solvency Capital Requirement (SCR) calculations to asset managers, as part of the Solvency II regulation.
Quincy Extends Microwave Data Service to Europe
Oakland, Calif.-based low-latency microwave connectivity and market data provider Quincy Data has expanded its Quincy Extreme Data service into Europe, to provide automated trading firms in London and Frankfurt with low-latency futures market data from…
ADX Goes Live on Nasdaq OMX
The Abu Dhabi Securities Exchange (ADX) is now live on Nasdaq OMX X-Stream platform, almost two years after the two firms signed their first agreement.
NBAD to Become First Market Maker in United Arab Emirates
The National Bank of Abu Dhabi (NBAD) has been issued the first license from the Securities and Commodities Authority (SCA) to commence market-making activity in the United Arab Emirates.
ICBC Financial Services Uses XSP to Adopt ISO 20022
Industrial and Commercial Bank of China Financial Services is now using the XSPrisa software from SunGard's XSP business to process corporate actions in ISO 20022, rather than using the DTCC's CCF files
xCelor Adds FPGA Filtering, ‘Muxing’ to Single-Digit Nanosecond Switch
Chicago-based low-latency switch and data technology provider xCelor has released a new version of its XPM switch series, XPM², that allows users to run their own applications on the switch itself, and adds features for filtering incoming multicast…
SocGen's Neeraj Hegde: Latency is a Multi-Dimensional Issue
Speaking on a North American Trading Architecture Summit panel this week, Societe Generale's senior quantitative strategy developer for global equities, Neeraj Hegde, offered an alternative argument for why speed from black box trading system to exchange…
Bayes Analytic Preps Price Prediction Engine
Bainbridge Island WA-based startup Bayes Analytic is preparing to launch a new stock analysis and trading recommendation engine that leverages advanced trading algorithms and machine learning to predict future price movements based on past trading…
BNP Paribas Securities Services Tackles Big Data Issue with NeoLink
BNP Paribas Securities Services’ CEO Patrick Colle says big data offers both opportunities and challenges.
Quartet FS Taps ‘Many-Core' Processors to Boost for ActivePivot V5
In-memory analytics technology provider Quartet FS is planning to roll out version 5 of its ActivePivot data aggregation and analytics platform in June, which features improved microprocessor technology that will make the platform 10 times faster,…
European Parliament Adopts CSD Reg
The European Parliament has agreed a range of rules designed to govern the operation of central securities depositories (CSDs) and settlement cycles in the continent's financial markets, known as CSD Reg in industry shorthand.
Future Infrastructure to Embrace Cloud and Security
The ideal infrastructure of the future will include more cloud and better security, according to panelists at the North American Trading Architecture Summit.
SEC's Berman: The Data Disputes HFT Narrative
The US Securities and Exchange Commission's (SEC’s) office of analytics and research has run extensive studies in the past year on cancellation rates and other market activities related to high-frequency trading (HFT). Citing the results, Gregg Berman,…
SEC's Berman: The Data Disputes HFT Narrative
The US Securities and Exchange Commission's (SEC’s) office of analytics and research has run extensive studies in the past year on cancellation rates and other market activities related to high-frequency trading (HFT). Citing the results, Gregg Berman,…
EU Introduces First Rule on HFT
The European Parliament and the European Council last night reached agreement on updated rules for the Markets in Financial Instruments Directive (Mifid II), introducing the EU’s first rules on algorithmic trading.