Trading Tech
Newedge Overhauls its Trading Architecture
The 2008 merger that created Newedge ─ between the brokerage arms of Société Générale and Credit Agricole ─ brought a host of trading systems, including eight order management systems, with overlap and redundancy galore. The French broker sought help…
FX Bridge Preps Options Volatility Commentary
Foreign exchange spot and options trading platform provider FX Bridge Technologies is rolling out two new subscription-based FX volatility measures designed to help traders and investors identify trading opportunities in FX options and less common…
BAML, Goldman Sachs Join Eurex Clearing for IRS
Bank of America Merrill Lynch (BAML) and Goldman Sachs have joined Eurex OTC Clear as clearing members for interest-rate swaps (IRS).
FNZ Taps Euroclear UK to Automate its Fund Settlement Process
Custody provider FNZ has entered a strategic partnership with central securities depository Euroclear UK and Ireland to integrate its fund settlement process.
Equinix Calls Karl for Americas President Role
Datacenter and hosting provider Equinix has hired Karl Strohmeyer as president of the Americas, responsible for the vendor's management, strategy and growth plan in the region.
Redline Opens Chicago Office
Woburn, Mass.-based low-latency ticker plant and trading gateway provider Redline Trading Solutions has opened a sales and support office in Chicago at 111 West Jackson Boulevard.
Traiana Expands Regulatory Reporting With UTI Tool
Traiana, the New York-based provider of post-trade services owned by UK interdealer ICAP, has expanded its regulatory reporting suite of solutions with a Unique Trade Identifier (UTI) management tool using the Harmony network.
Disintermediating Trade Credit with Tech─Can It Be Done?
Managing export finance is a fairly archaic sell-side function, and one which can leave small, emerging markets commodities providers exposed. Aztec, a new electronic exchange venue launched in June, believes securitization is the answer as the $16…
Société Générale Deploys Etrali on Paris Trading Floor
Etrali Trading Solutions has announced that the Paris trading floor of Société Générale will use its OpenTrade communications system from December, following on from similar implementations in Moscow and New York.
Nordea Markets Adopts Millistream’s HTML5 Graphs
Nordea Markets, the international operations arm of Nordic-based Nordea Bank, has adopted Millistream's new HTML5 graphs for the presentation of market data on its web and mobile pages.
Pelephone to Use SuperDerivatives’ Real-Time Data, CorporeX
Israeli mobile communications provider Pelephone will add SuperDerivatives' real-time market data, news and analysis platform DGX, and will use the market data vendor's chat system to communicate with sell-side firms.
Mizuho International Picks SS&C for OTC Derivatives Processing
Tokyo-based bank Mizuho International has appointed Windsor, Connecticut-based SS&C Technologies as a provider of middle office services for its over-the-counter (OTC) derivative transactions.
DTCC Launches Early Warning Tool to Curb Risk
The Depository Trust and Clearing Corporation (DTCC) has announced the launch of a new post-trade risk management tool, DTCC Limit Monitoring, that allows members of the National Securities Clearing Corporation (NSCC) to monitor their trading limits.
ASIC Implements First Derivatives Surveillance System
The Australian Securities and Investments Commission (ASIC) has gone live with a market surveillance system from First Derivatives, the vendor has announced.
Aquis Exchange Begins Trading European Stocks
Newly formed pan-European equities trading venue Aquis Exchange started its trading operations today, Tuesday Nov. 26, hoping to shake up the exchange pricing model and bring more competition to the region.
BerchWood Partners, iLevel Team Up
The software provider for private investment firms has arranged to partner with BerchWood, which will introduce iLevel's private data platform to its fund management clientele.
MarkitSERV to Process OTC Derivatives for OTC Clearing Hong Kong
MarkitSERV, Markit’s electronic trade processing service for over-the-counter (OTC) derivatives, now connects customers to OTC Clearing Hong Kong (OTC Clear), the clearing service established by Hong Kong Exchanges and Clearing (HKEx). OTC Clear started…
Amid Upgrades, Fiserv Announces TradeFlow on Linux
Fiserv has announced that its post-trade processing TradeFlow product, recently upgraded with connections to MarkitSERV, will now be available on Linux.
Big Data, Small Print
The emergence of new technologies is changing the operational models of bank IT.
Velocimetrics, Datacom Ally for Market Data Integrity Monitoring
Latency monitoring technology provider Velocimetrics has released a joint offering with East Syracuse, NY-based network monitoring tap and switch provider Datacom Systems that will enable customers among global investment banks, regional banks, brokers…
Quincy Microwaves ICE, Eyes Lower Latency
Oakland, Calif.-based low-latency connectivity and market data provider Quincy Data will next year begin distributing US and European futures data from IntercontinentalExchange via its Quincy Extreme Data service, to support the low-latency arbitrage…
ETAS 2013: Innovation is Needed, But Not without Controls
Panelists at the 2013 European Trading Architecture Summit (ETAS) debated the role of innovation and flexible development within bank IT departments, saying that while inventive ways of delivering service are needed, they have to be moderated with good…
ETAS 2013: The Benefits of Going Commando
According to Pierre Dulon, CIO of Credit Agricole Corporate and Investment Bank, his organization needs to “transform” the way it delivers IT to the business, by reducing its operating costs, and crucially, establishing small, discrete commando-style…
EOX Readies Near-Real-Time OTCGH Data
EOX, the technology and data division of energy and commodities broker consortium OTC Global Holdings, is planning to make the entire universe of over-the-counter data from its parent company’s 16 brokerages available in near-real time to support risk…