Trading Tech
Savvysoft Updates Derivatives Pricing Models
New York-headquartered risk and pricing vendor Savvysoft has announced that its TOPS suite has received a number of model additions, including curves based on overnight index swap (OIS) pricing.
SunGard's XSP Expands to Singapore
SunGard announced that its XSP platform for corporate actions now has a sales and support office in Singapore. This comes on the heels of SunGard's December 2012 acquisition of XSP.
ASIC Releases New Rules on Dark Liquidity and HFT
The Australian Securities and Investment Commission (ASIC) has released a new set of rules for dark liquidity and high-frequency trading that are designed to influence market participants’ behavior.
Dark Liquidity Reaches Record High in Europe
European dark pool trading spiked in the month of July, according to data compiled by Thomson Reuters.
SS&C Technologies Joins IPC's Extranet
SS&C, which produces FIXLink, MarketCenter, and the MarketTrader OEMS among other applications, will use the extranet to transact, receive, and distribute information through an open ecosystem.
GMEX Targets Derivatives Reform Opportunities with Launch
The Global Markets Exchange Group International (GMEX) has announced its launch, with plans for four markets.
SEFs Are Only One Part of the Swaps Equation
When it comes to untangling the emergence of swap execution facilities (SEFs), it's sometimes easy to feel like Theseus navigating the labyrinth. Whether the regulators play the parts of Daedalus and Icarus, or the Minotaur, of course, depends on your…
SunGard XSP Grows In Singapore
The corporate actions services provider is adding local sales and customer support personnel for its offerings
Armanta CEO: The Risk Paradigm is Broken
Technology is overrated as a means of performing risk analytics, argues Peter Chirlian, CEO of New Jersey-based analytics platform provider Armanta. It’s the people that do the work; technology is little more than a tool.
As SEC Grows Analytics, Form PF Data Quality Should Sharpen
An update from the US Securities and Exchange Commission (SEC), published in late July, gives a sense of funds' first pass at the reporting requirement, but more importantly, lays out just what authorities will do with that information. And their plans…
On the Record: Precision Engineer
As high-frequency trading took off, requiring ever-faster data distribution, latency monitoring and measurement emerged as a key part of trading firms' infrastructure strategies, and a competitive market for monitoring tools quickly sprung up. But while…
AlgoSpan Connects to The Order Machine
Market infrastructure provider AlgoSpan has now connected to The Order Machine (TOM) and all TOM MTFs (Multilateral Trading Facility) through AlgoNet.
CLS Opens Further Asia Presence
CLS Group has announced that it will expand its presence in Asia-Pacific through the opening of an office in Hong Kong.
MarketPrizm Builds HKEx Co-Lo Hub
The Colt-owned trading and data infrastructure provider has begun providing data and infrastructure to trading firms hosted in the HKEx’s new co-location facility , as well as access to data from other major exchanges.
Swan Wealth Advisors Takes Omex for Order Routing
The buy-side risk management specialist, with $850 million assets under management and based in Durango, Colorado, will use Omex's execution platform for implementing options strategies across its multiple custodians and sub-accounts.
Liquidnet Expands Suite of CMS to Europe Members
Trading network Liquidnet has announced the expansion of its commission management services (CMS) to members in Europe in order to reduce conflicts between best execution and commission payments, and increase transparency.
Moving Parts and Closing Gaps
Corporate actions professionals are looking at how to automate more complex pieces of processing these events, Michael Shashoua reports. Messaging standards and complex instructions and choices are key factors
ISE Launches Gemini Options Exchange
The International Securities Exchange (ISE) has announced the successful debut of Gemini, its second exchange for US options trading.
