Trading Tech
MKS Chooses SmartTrade for Liquidity Management
Switzerland-based precious-metals service provider MKS SA has selected Paris-based smartTrade's liquidity management system (LMS) to handle its physical customer pricing.
TMX Atrium Increases European Capacity, Bandwidth
Luxembourg-headquartered TMX Atrium, a provider of infrastructure technologies, has increased the capacity of its ultra-low latency connectivity service in Europe.
Maitland Taps Milestone as South Africa Tightens Reporting Requirements
The Maitland Group, a Cape Town-based fund administrator with $145 billion under management, has selected Milestone Group's pControl software to respond to the stiffening reporting requirements in South Africa over the past year.
Principia Tweaks Platform for US Regulatory Support
Principia Partners, the Manhattan-based provider of buy-side and sell-side trading and risk management technology, has unveiled Version 6.8 of its Structured Finance Platform, which features enhancements aimed at addressing the US Basel 2.5 Market Risk…
Citadel Activates Bloomberg for Fixed-Income Trading
US hedge fund giant Citadel has selected Bloomberg's fixed income trading platform for its electronic execution and clearing of interest rate swaps (IRS).
UBS Buffs Orc for APAC Client Access
UBS Securities has extended its use of Orc Access, to faciliate Asian clients trading on US and European exchanges through direct market access (DMA).
Saxo Bank Launches FX Prime Brokerage Service
Copenhagen-based Saxo Bank has announced the launch of Saxo Prime, its foreign exchange (FX) prime brokerage service for institutional clients.
TMX Atrium Completes London Infrastructure Upgrade
Anticipating increases in data volumes due to new regulations in Europe, TMX Atrium has upgraded the capacity across its entire London network.
Chaikin Analytics Unveils iPad Workstation
Analytics technology provider Chaikin Analytics has launched a new Apple iPad app that provides actionable feedback to the buy side. The ability to enter and route trades from the device will be available within a month.
G2 FinTech Bolsters Cost Basis Reporting Tool
TaxGopher+, G2 FinTech's cost basis reporting (CBR) solution for investment managers, will support fixed-income and options transactions, the final covered securities under the US Internal Revenue Service's 1099-B rules to be introduced beginning in 2014.
Regulators Cite 'Critical Deficiencies' in JPMorgan Monitoring, Reporting, Risk Controls
JPMorgan Chase has been sanctioned by US regulators eight months after an outsized credit default swap led to trading losses of $6.2 billion.
RTS Partners With KVH for Hosting and Connectivity
RTS Realtime Systems Group (RTS) has launched proximity hosting and low-latency connectivity services in Japan by leveraging KVH, an information delivery platform headquartered in Tokyo.
AX Trading Introduces Direct Block Trading in Private Equity Shares
Alternative trading system (ATS) AX Trading’s DirectAX auction service will enable investment banks with private equity and venture capital clients, as well issuer companies, to trade shares directly.
MIK, ParkRiver Team on New Regulatory Requirements
MIK Fund Solutions and ParkRiver Fund Solutions are partnering to deliver a solution that will address new regulatory requirements for Forms CPO-PQR and CTA-PR. This product will be delivered alongside their already launched Form PF solution.
GFI's FX Platform Makes Changes
Fenics Trader, GFI Group's Fenics foreign exchange (FX) options multi-bank trading platform, will now be renamed GFI Direct and operated by subsidiaries of GFI Group, in a response to new regulation.
DCM Capital Launches Trading Platform Based on Sentiment Analysis
"Twitter Fund" founder Paul Hawtin has launched a new trading platform based on the sentiment derived from social media sites such as Twitter and Facebook.