Editor’s pick
VoxSmart Extends Comms Surveillance Capability with Acquisition of Fonetic Trading Business
VoxSmart, a provider of mobile surveillance technology, has acquired the trading business of Fonetic with a view to delivering a complete communications surveillance offering that addresses market demand for consolidation and integration compliance and surveillance solutions. The acquisition, financial details of which have not been disclosed, follows some high-profile regulatory investigations and prosecutions, such as...
Top Blogs
ESMA Finally Puts Its Foot Down on Consolidated Ticker Tape
The European Securities and Markets Authority (ESMA) has bitten the bullet on a real-time consolidated ticker tape for European equities, following the failure of an industry-led solution to emerge. In a review of market data pricing published today, the regulator warns that market data costs under MiFID II are still too high, confirming plans to...
Avelacom Cuts London to Hong Kong Round Trip Latency to 150 Milliseconds
Avelacom, a Moscow-based provider of low-latency, high-performance global connectivity and IT infrastructure, has enhanced its high-speed network performance by joining Hong Kong Exchanges and Clearing’s (HKEX) ecosystem of network service providers and offering what it claims is the market’s lowest latency route between London and Hong Kong. To facilitate low-latency access to HKEX markets for...
Nomura Selects Pico to Accelerate Growth of Global FX and Rates Businesses
An interesting win for Pico, which has been selected by Nomura to build, host and manage a new platform supporting its latest innovation programmes in foreign exchange (FX) and rates trading businesses. The Nomura FX trading platform is colocated in data centres based in New Jersey (NY4), London (LD4) and Tokyo (TY3). With more efficient...
Latest briefs
McKay Brothers Adds Low-Latency Market Data Distribution in Mumbai
McKay Brothers International has expanded its low latency market data services to India. The company’s Quincy Extreme Data (QED) market data service now distributes select London Metals Exchange data at Mumbai’s Banda Kurla Complex (BKC) in less than 51 milliseconds one-way. In addition, McKay offers select Aurora, Illinois sourced metals, energy and FX futures data…
TT Adds Collocated Access to Thailand Futures Exchange
Trading Technologies (TT) continues to expand its global reach with the introduction of collocated execution and client connectivity services at the Thailand Futures Exchange (TFEX). This takes the TT trading platform into Thailand for the first time, providing TT’s global user base with direct market access to TFEX’s portfolio of listed derivatives, including futures, options…
Financial Stability Board Publishes 2019 G-SIB List
The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs) using end-2018 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). One bank, Toronto Dominion, has been added to the list of G-SIBs that were identified in 2018, increasing the overall number from 29…
McKay Brothers Extends Low-latency Services in Asia
McKay Brothers has added connectivity at what it claims is the lowest known commercial latency between the @Tokyo-CC2 data centre and trading centres in Shanghai and Hong Kong. The procured hybrid microwave/fibre service between the Shanghai Futures Exchange data centre and @Tokyo-CC2 data centre takes less than 22.86 milliseconds round trip. Service between the HKEx…
SIX Group Offers $3.1 Billion for Spanish Exchange BME
SIX Group intends to make an all-cash voluntary tender offer for Bolsas y Mercados Españoles (BME) to create the third largest European financial market infrastructure group. SIX says the combination would create a diversified group with a strong presence across Europe, and believes the proposed transaction represents an attractive financial proposition for shareholders of BME….
Singapore-Based EDBI Becomes Pico Investor and Strategic Partner
Pico continues its global expansion plan post its acquisition of Corvil with the announcement that Singapore-based investor EDBI has become a Pico investor and strategic partner. Pico launched in APAC about a year ago and has since built presence with strategic hires, new offices and additional data centres in Singapore, Hong Kong, Tokyo, Korea and…
Codel Joins IOWA.rocks with Immutable Market Data Providence Solution
Codel has joined IOWA.rocks financial data marketplace with CODELMARK, a solution including immutable market data providence and a series of applications that enable users to protect and control data, and prove integrity and validity. The IOWA.rocks partner ecosystem brings together content creators, content consumers and innovative technology partners. Codel is expected to have potential in…
Tokyo Stock Exchange Upgrades Arrowhead Trading Platform
Tokyo Stock Exchange (TSE) has leveraged the latest technology from Fujitsu to overhaul its ‘arrowhead’ trading platform for the first time in four years. The revised platform is in operation and includes new features that prevent sudden fluctuations in stock prices, improve the opportunity to conclude contracts based on closing prices, and stabilise system performance….
Horizon Adds Algo for Implementation Shortfall Trading Strategy
Horizon Software has extended its execution algo suite with an implementation shortfall strategy algo that aims to set up two levels of spots and three levels of participation rate. This enables enable users to adapt the participation rate to the spot evolution. The algo also provides choice to either define fixed levels of trading spots…
Moody’s Analytics Knowledge Services Rebrand to Acuity Following Sale
Moody’s Corporation has completed the sale of Moody’s Analytics Knowledge Services (MAKS) to private equity firm Equistone Partners Europe. MAKS is a knowledge process outsourcing service providing high-value research and analytical support. With backing from Equistone, MAKS has rebranded to Acuity Knowledge Partners and will continue to provide customised knowledge services to a client base…
Open:FactSet Marketplace Adds State Street MediaStats Equity Indicators
FactSet has added State Street’s MediaStats Equity Indicators to its Open:FactSet Marketplace. The MediaStats indicators have been developed in partnership with MKT MediaStats, an academic research firm, and scour more than 100,000 media sources as well as other big data sources to estimate future price changes and risks pertaining to individual equities, country equity indexes,…
Trading Technologies Adds Connectivity to Mexican Derivatives Exchange
Trading Technologies International (TT) and the Mexican Derivatives Exchange (MexDer), a subsidiary of the Mexican stock exchange Bolsa Mexicana de Valores, have announced that all derivative products listed on MexDer will be available globally to users of the TT platform in Q4 2019. TT clients will be able to leverage TT’s suite of tools, which…
Nomura Makes Tsuwamono FX Algorithms Available on BidFX
Nomura has made its five FX algorithmic strategies, the FX Algo Tsuwamono Series, available on the BidFX platform. Each strategy offers a wide range of flexibility on executions suited to client requirements and trading preferences. The deal builds on an existing relationship between Nomura and BidFX, and is expected to benefit mutual institutional FX clients.
MoonX Releases Super-Fast Trading Technology in UK
MoonX has released its trading technology in the UK, offering software and hardware systems, including blockchain technology, to exchanges, brokerages, hedge funds, financial institutions and traders. It claims the world’s fastest exchange software, matching 25 million transactions per second and processing one order in 6 nano seconds, with processing speed delivered by patent pending matching…
Tradeteq Partners with Wroclaw University to Boost AI capabilities for Supply Chain Credit Analysis
Tradeteq, an electronic trading platform for institutional trade finance investors, has partnered with researchers at Wroclaw University of Science and Technology (WUST) to explore and develop new models for data analysis using artificial intelligence (AI). Tradeteq has developed an advanced credit-scoring model for SMEs and corporations that uses machine learning tools to apply an evidence-based…
Latest people
CQG Hires to Bolster Asia Pacific Presence
CQG, a provider of technology solutions for traders, brokers, commercial hedgers and exchanges, has announced that Benjamin Soong has joined the firm as president, APAC, and Rick Chang as head of Greater China. Rod Giffen, formerly CQG president, APAC, takes the new role of chief experience officer. Soong joins CQG from Ledger, where he was…
Redline Hires Andrij Wowkodaw as Global Head of FX Exchange
Redline Trading Solutions, a provider of high-performance market data and order execution systems for automated trading, has named Andrij Wowkodaw as global head of foreign exchange. Wowkodaw brings over 15 years of buy-side and sell-side electronic and algorithmic trading experience to Redline. Most recently, he was director of eFX quantitative analysis at Scotiabank. Before that,…
Luminex Adds Financial and Technology Professionals
Luminex Trading & Analytics, a buy side-owned trading venue delivering efficient, low-cost block executions, has hired three financial and technology professionals to meet growing engagement with its platform by its community of investment management firms. Joshua Reed has joined as a sales and relationship manager, Joshua Opper as director of infrastructure, and Robin Burr as…
DTCC Promotes Lynn Bishop to CIO
DTCC has appointed Lynn Bishop as chief information officer with responsibility for the ongoing development and testing of the technology that supports DTCC’s post-trade infrastructure, communications networks, processing and messaging systems, as well as the IT applications underlying DTCC’s products and services. Bishop is a member of the firm’s management committee and reports directly to…
Mark Hemsley Plans Retirement from Cboe in 2020
Mark Hemsley, executive vice president at Cboe Global Markets and president of Cboe Europe, is planning to retire from the company at the end of February 2020. David Howson, chief operating officer of Cboe Europe since 2013, will succeed Hemsley and assume his roles on January 1, 2020. Hemsley was a founding employee of Bats…
TP ICAP Appoints Ex RBC Capital Markets MD as Head of Strategy
TP ICAP has appointed Joanna Nader as global head of strategy. She was previously managing director at RBC Capital Markets, where she was head of diversified/speciality financials research, covering a number of companies including TP ICAP. Before joining RBC Capital Markets, Nader spent nearly 10 years as the chief investment officer of JRJ Group, a…
BMLL names OSTC CEO Lee Hodgkinson as non-exec director
BMLL Technologies, a data-engineering-as-a-service company, has named Lee Hodgkinson, CEO of OSTC, a global derivative trading and education firm, as chairman of the board. He becomes a non-executive director land will use his practical industry and exchange experience to support BMLL’s existing data engineering and analytics capabilities, as well as its ambitions to provide more…
Moody’s Names Senior Executives
Moody’s Corporation has named Robert Fauber, currently president of Moody’s Investors Service (MIS), to the new role of chief operating officer of Moody’s Corporation. Fauber will drive the company’s strategic initiatives to maximize the company’s strengths and position it for the next stage of growth. Moody’s has also named Michael West to succeed Fauber as…
Moody’s Names Head of Diversity and Inclusion
Moody’s Corporation has named DK Bartley as managing director and head of diversity & inclusion (D&I) with responsibility for leading the company’s global D&I programmes in support of its diverse workforce and commitment to an inclusive culture. Bartley joins Moody’s from Dentsu Aegis, a media and digital marketing company, where he served as senior vice…
Virtu Expands Executive Team
Virtu Financial has announced new executive hires and changes to its leadership team. Brett Fairclough has been promoted to chief operating officer and global head of business development; Alex Ioffe will join the company as chief financial officer effective September 30, 2019; and Marc Rosenthal joins the executive team from Morgan Stanley’s equity division as…
CLS Names Masami Johnstone as Head of Information Services
CLS, a market infrastructure group delivering settlement, processing and data solutions, has named Masami Johnstone as head of information services. Masami joins CLS from Euronext, where she was head of buy-side sales responsible for advanced data sales and development. Previously she was head of institutional quant research. At CLS, she will be responsible for the…
CloudMargin Names Karl Wyborn Global Head of Business Development
CloudMargin, creator of a collateral and margin management solution native to the cloud, has named Karl Wyborn to the new role of global head of business development. This is a promotion for Wyborn, who has extensive experience of collateral management and has served as CloudMargin’s global head of sales for nearly four years. He will…
Scope Markets Hires New Head of Compliance
Eliza Eliadou has joined Scope Markets, an online institutional trading platform, as its Group Head of Compliance. Eliadou joins from London Capital Group, where she worked for two years starting in 2017. She was formerly with global brokerage firm easyMarkets. Scope Markets is in a period of expansion, in July teaming up with Gold-i, a…
Templum Appoints Brian Nadzan as Chief Technology Officer
Templum, a FinTech company providing a marketplace for the primary issuance and secondary trading of alternative assets as smart securities, has appointed former AlphaPoint, TradingScreen, Lava Trading, and Bloomberg executive Brian Nadzan as chief technology officer. In this new role, Nadzan will oversee the connectivity of Templum’s technology into financial services firms, as well as…
ULTUMUS Hires Ex-Legal and General Exec to Head Up Index Operations
ULTUMUS, a provider of data creation, management and distribution services for index and ETF products, has hired Daniel Hodgetts as index operations head. Hodgetts will lead the global index and ETF support team based in London and Singapore, and assist in the support of key clients as ULTUMUS rolls out its managed data service to…
Featured
FEATURED WEBINAR
Upcoming Webinar: How to ensure effective trade surveillance to meet the demands of regulatory scrutiny and compliance
Date: 30 January 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Accurate, scalable and defensible trade surveillance is key to compliance with regulations such as Market Abuse Regulation (MAR). But how best can it be achieved, what types of technologies are effective, how can false positives be reduced, and where should responsibility lie…
FEATURED EVENT
TradingTech Summit London
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
FEATURED GUIDE
FRTB Special Report
FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.
Top White Papers
Contractual Rights Management: It’s Time to Take Control of Data Usage
Contractual rights management has become a hot topic in financial information and market data circles following a number of public instances involving high-profile financial institutions breaching licensing agreements with data vendors – and paying the price with both significant financial penalties and damaged reputations. A potential solution for contractual rights management is the emerging Open...
Adopting AI for Superior Reconciliations
Firms’ reconciliation and exceptions management processes are manually intensive, expensive and prone to error. With rising compliance costs and greater competition narrowing margins in financial services, firms are looking to streamline their reconciliations processes through automation, giving them the opportunity to reduce the number of exceptions they manage and the time it takes to deal...
How to Exploit the Opportunities of Alternative Data
Alternative data is moving into the mainstream, driven by trading desks looking for alpha and more recently by private equity firms and corporate intelligence teams looking to gain market insight. That said, while adoption is increasing and some benefits are being realised, the data does come with caveats including incomplete datasets, poor quality, limited volume,...
Events and webinars
RegTech Summit London
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreBreakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out moreTradingTech Summit London
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
Find out moreTop Knowledge Hub picks
Awards
TradingTech Insight Awards North America
Celebrating the pioneers and stand out vendors of the TradingTech world with our TradingTech Insight Awards. Find out how to vote, enter or see the past winners.
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