Trading Tech
Metamako Buys xCelor’s Hardware Ops to Grow Switch Business
Officials say the deal will allow xCelor to focus on its network applications business, while Metamako will take over the provision of underlying switching technology, expanding its own FPGA switch business. Wei-Shen Wong reports.
BNY Mellon’s Eagle Inks Microsoft Cloud Deal
The two firms will collaborate to build a cloud-based data platform for investment managers.
Tora Targets Best Execution with AI-Powered Algo Picker
AlgoWheel will use machine learning to determine best method of execution.
BT Radianz Cloud Adds Vela’s Market Data Feed
SuperFeed now accessible via BT’s financial markets cloud community.
Neudata Scores $600K Investment for Alt Data Vetting
Neudata secures funding and will continue alternative data vetting for data platforms.
QuantConnect Adds Intrinio Data to Algo Platform
QuantConnect will offer API access to its algorithm platform
Market Cops Turn to Crime-Fighting Robots
An expanding use of artificial intelligence is taking over surveillance practices, but some believe there are limits to what can be achieved.
Mosaic Looks to Outer Space for AI-Powered Surveillance
Partnership with European Space Agency will apply machine learning to financial markets.
Rival Systems Introduces New VAR Feature
Chicago-based firm adds Value at Risk to its latest risk management offerings.
HKEx Deploys Artificial Intelligence in Surveillance Platform
Exchange deploys US firm’s technology to enhance oversight processes.
European Watchdogs Warn on Cyber, Cloud and CCPs
The bloc’s primary financial regulators say immediate work is needed to protect systems.
Data Sales Vet Chmiel Joins AlgoTrader
With more than 30 years in data sales and management roles, Chmiel will be responsible for growing AlgoTrader's business activities.
Horizon Targets Vietnam with HSC Contract Win
Ho Chi Minh City Securities Corporation has chosen Horizon’s platform for a range of listed products.
Data Science Boom Drives FactSet to Launch Alt Data Marketplace
In response to client demand, FactSet is making "alternative" datasets from a select range of partners available via its datafeeds, alongside its proprietary data.
IBM Rolls Out 'Skinny' Mainframes for Managed-Services Firms, Fintechs
The service is geared toward firms that are "born-on-the-cloud" and those looking to deploy blockchain platforms and machine-learning tools.
Symphony Raises $67M More for Platform Expansion
Symphony CEO David Gurle explains how the vendor plans to use its latest funding round.
Tech Mahindra, Balbix Launch AI-Powered Cybersecurity Platform
The platform uses deep learning algorithms to monitor and map potential threats.
FCA to Prioritize Cybersecurity and Innovation amid Brexit
Watchdog releases its annual business plan for 2018 and 2019, with innovation and Brexit listed as clear points of focus.
Trade Bodies Release Framework for Penetration Testing
Guidelines seek to establish best practices for a key cybersecurity measure.
FCA Extends Oversight of UK Asset Management Sector
Regulator sets new obligations for senior managers and focuses on investor costs.
NEX, CLS Extend FX Compression Service to Third Parties
Expanding the service brings more efficiency to the system, both firms say.
Former Bats Data Boss to Co-Head New Cboe Markets Division
Harkins' new division unites the exchange group's equities and derivatives markets and supporting business functions.
Bloomberg Debuts E-Bond Platform in Mauritius
Vendor developed the trading and market surveillance system in collaboration with the Bank of Mauritius and local partners.
Saxo Bank Launches SaxoTraderPro
Danish bank targets active traders and institutional clients with latest platform.