Trading Tech
Tieto Takes on Länsförsäkringar Fund Systems
Tieto has announced that it has signed an agreement with Länsförsäkringar to manage the Swedish bank's fund-administration systems.
Tullett Prebon Files SEF Application with CFTC
New York-based interdealer broker Tullett Prebon has announced it is applying to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
FixSpec Announces Central Debut
London-based vendor FixSpec has announced the launch of Central, its enterprise platform for connection monitoring and operational analytics.
Malfunction! Malfunction!
It’s not been a great week for capital markets technology. For the past seven days, I’ve had the image of Robby the Robot in my head, being told by Doctor Mobius to go against his basic programming, and building up to a short circuit as a result. This,…
Eurex Halts Trading on Tech Glitch
The largest European derivatives market stopped trading in multiple index-based futures this morning at 8:15 am, with a subsequent delay of about 65 minutes as it investigated an unspecified technical malfunction.
SEC Chief to Summon Industry Heads After Tech Outages
Mary Jo White, chair of the US Securities and Exchange Commission (SEC), has said that she will convene a meeting of senior industry executives after an outage at Nasdaq OMX halted trading for three hours on Thursday.
Cetip Offers ICE Link for Brazilian Trading
Intercontinental Exchange (ICE) has announced that its ICE Link tool for post-trade processes in credit-default swap trading has been made available on Cetip|Trader, the service provider's platform for Brazilian fixed income.
Citisoft CEO: Back Office Derivatives System Overhaul is Open Heart Surgery
Any major overhauls to legacy systems in order to accommodate derivatives are going to happen primarily in the middle and back office, argued Paul Migliore, CEO of consultancy Citisoft, during a webcast on derivatives processing.
Multi-Asset Trading Platforms: Sweating Your Assets
As buy-side firms have looked to diversify their investment strategies and include new asset classes, their incumbent trading technologies have been found wanting. But, as Linedata’s Gene Mitchell explains, help is at hand in the form of cross-asset…
Updated: Nasdaq-Listed Equities, ETFs, and Options Resume Trading After 'Flash Freeze'
At 12:14 this afternoon, trading in Nasdaq OMX-listed equities and exchange-traded funds was paused across most American exchange venues after Nasdaq's market data feed, known as Tape C, ceased proper interaction with the operator's securities industry…
James Rundle: Prizing Open Markets
The introduction of competition, according to capitalist doctrine, is a pre-requisite for establishing an efficient and growing economy. But for the capital markets, James says, plans to open trading landscapes to new venues come with their own…
SimCorp Updates Dimension with Trade-Processing Dashboard
The buy-side provider's asset management platform, version 5.4, will also include functionality for FX hedging overlaying multiple portfolios, trading limits capability for compliance managers, and enhancement to the strategy manager application for…
CSRC Widens Everbright Glitch Probe
The China Securities Regulatory Commission (CSRC) has announced that it will expand its investigation of trading systems to include all Chinese brokerages, following a glitch in Everbright Securities' high-frequency engine that caused it to mistakenly…
IBM Debuts Risk Manager
IBM has announced a new enterprise risk management solution for credit lifecycle management, featuring a dashboard that provides visibility into wholesale credit touchpoints.
Goldman Sachs Faces Losses After Technical Glitch Sent Erroneous Trades
Goldman Sachs could face losses after a glitch in its trading system sent erroneous trades at the opening of the US equity options market yesterday.
Futures Trading Algorithms Find Traction
Equities and futures microstructures have always functioned differently—and in terms of algorithmic application, the latter has always benefited from the adventures of the former. From order placement optimization to a revived debate on pricing…