Editor’s pick
OpenFin Plans to Invest $17 Million Funding in Product Innovation, Geographical Expansion and Increased Headcount
OpenFin has secured $17 million in Series C funding, paving the way for further investment in its operating system for desktop app interoperability, geographical expansion and workforce. The funding was led by Wells Fargo Securities with other investors including Barclays Investment Bank and existing contributors such as Bain Capital Ventures, J.P. Morgan and Pivot Investment...
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OpenFin Plans to Invest $17 Million Funding in Product Innovation, Geographical Expansion and Increased Headcount
OpenFin has secured $17 million in Series C funding, paving the way for further investment in its operating system for desktop app interoperability, geographical expansion and workforce. The funding was led by Wells Fargo Securities with other investors including Barclays Investment Bank and existing contributors such as Bain Capital Ventures, J.P. Morgan and Pivot Investment...
Genesis Accelerates Product Development by Adding Creative Studio to Microservices Framework
Genesis has added Creative Studio to its microservices framework with a view to accelerating development and deployment of scalable and interoperable products over the web, without the need to write code. The solution delivers web applications in hours, rather than weeks and months, expediting time to market. It does this by producing single-page web applications as...
BSO Acquires IX Reach
BSO’s acquisition of IX Reach adds a network covering over 170 points of presence (PoPs) across North America, Europe, Asia, the Middle East, and Africa, a customer base of over 300 carriers, ISPs, content providers and networks, strength in R&D, and a platform to develop new opportunities. The acquisition is the company’s third in 18...
Latest briefs
Red Box Partners Theta Lake to Detect Voice Compliance Risks
Red Box, a voice specialist, has partnered Theta Lake, a provider of compliance artificial intelligence (AI) for video, voice, and unified digital communication. The partnership allows Red Box customers to use Theta’s purpose-built AI and deep learning powered software to automatically detect compliance risks in their recordings and reduce the cost and complexity of managing…
Mariana UFP Selects TORA’s Cloud-based OEMS for Pairs Trading
Mariana UFP, a global broker, has selected cloud-based OEMS provider TORA for pairs trading in London, New York and Melbourne. In order to trade security pairs in large sizes, Mariana needed access to a range of sophisticated algorithms to fit potential trading strategies, and a capable OEMS to manage multiple orders simultaneously. Mariana opted for…
Options Extends Colocation Coverage at ASX
Options has extended colocation coverage for the Australian Securities Exchange (ASX) at the Australian Liquidity Centre (ALC). This supplements existing market data access for clients in the region and across Options’ global managed colocation backbone. Options clients colocated within ASX will gain vendor access to ASX 24 and ASX Trade, bolstering the firm’s ultra-low-latency exchange…
Investment Association Names Five Firms Joining Velocity Innovation Hub
The Investment Association has named the second cohort of FinTech firms joining its Velocity innovation hub for the buy-side and asset management industry: AxeTrading, a fixed income EMS delivering toolkits for trading connectivity, bonds pricing and data aggregation; BlueFireAI, which unlocks Chinese capital markets to foreign institutional investors; CUBE, an enterprise-scale platform delivering regulatory intelligence…
BSO Becomes a Google Cloud Partner Interconnect Provider
BSO, a network, cloud and hosting services provider, has become a Google Cloud Partner Interconnect provider and will use the Google Dedicated Interconnect as a solution for connecting on-premise data centres to Google Cloud. BSO clients are onboarding with Partner Interconnect in Frankfurt and London, and the service will ultimately be available from all the 100+ PoPs…
ULTUMUS Partners Velox Financial Technology
ULTUMUS, a provider of data services for index and exchange-traded fund products, has partnered Velox Financial Technology, a provider of real-time trading solutions for portfolio management, trading and analytics to investment banks and asset managers. The partnership sees ULTUMUS and Velox delivering services to clients as enterprise-wide managed data feeds as well as directly to…
ION Group Acquires Allegro Development
ION Group has acquired Dallas-based Allegro Development, a commodity management solutions provider. The acquisition of Allegro is designed to expand ION’s footprint in commodities and its portfolio of enterprise solutions. Allegro intends to continue to expand its suite of offerings, while its clients can benefit from ION’s additional scale and offerings. ION last year acquired…
FlexTrade Partners Goldman Sachs to Provide IOI Liquidity Directly from the Trading Blotter
FlexTrade Systems has partnered Goldman Sachs to release an extension of the latter’s indications of interest (IOI) functionality in the FlexTRADER execution management system (EMS). The functionality adds IOI profiling and analysis to FlexIOI, a framework for IOI distribution embedded in the EMS and providing interaction with IOI liquidity directly from the trading blotter. Traders…
Nucleus195 Partners Acuris to Join TIM Trade Idea Network
Nucleus195, a provider of global research and content across developed, emerging and frontier markets, has partnered with TIM, an Acuris company. The partnership will give content providers on the Nucleus195 platform an opportunity to potentially profit from their trade ideas via the TIM trade idea network. Colin Berthoud, founding partner at TIM, says Nucleus195 has…
Imandra Gains Seed Funding for AI Platform Designed to Make Algos Safe
Imandra, creator of a cloud-native automated reasoning engine designed to make algorithms safe, has completed a $5 million round of seed funding led by UK and US investors AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used to support application of the company’s Reasoning as a Service platform in financial services and…
CME Group Releases ENSO Data Insights
CME Group has released ENSO Data Insights, a benchmarking tool using ENSO’s alternative dataset. ENSO is part of the CME Group. Data Insights gives hedge funds, asset managers and banks access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position…
Glue42 Adds Apps to Desktop Interoperability Ecosystem
Glue42 has expanded its desktop interoperability ecosystem with the addition of independent software vendors Adaptable Tools and BCC Group, and service provider Norman & Sons. The providers are offering their services via the Glue42 platform that uses the FINOS FDC3 open standard to provide a seamless user interface and data integration between desktop apps. Adaptable…
SFTR Legislation Enters Official Journal of the EU
The seven delegated regulations and three implementing regulations comprising Securities Financing Transactions Regulation (SFTR) level II legislation were published in the Official Journal of the EU on March 22, 2019, making the regime legally binding. According to the International Securities Lending Association, the reporting obligations deadlines will be as follows: April 11, 2020, reporting obligation…
CellTrust SL2 Reports 1900% YOY Revenue Growth
US-based CellTrust Corporation, which provides enterprise mobile communications compliance solutions, on March 25 announced a 1900% growth in revenue for 2018 over 2017. “As the RegTech market rapidly expands around the world, CellTrust is meeting the technology and geographic mobility demands,” explained Sean Moshir, CellTrust’s Chairman and CEO. “The number of financial enterprises and countries our SL2…
Thasos Releases 2019 REIT Performance Update
Thasos, an alternative data firm that transforms real-time locations from mobile phones into actionable insights, has published its 2019 REIT (Real Estate Investment Trust) Performance Update, providing insights into the state of US retail REITs. Using a new methodology, Thasos Trade Area, the study reports activities such as foot traffic at US malls. Greg Skibiski,…
Latest people
Axyon AI Names Frank Abbenhuis Chief Commercial Officer
Axyon AI, a provider of artificial intelligence (AI) for capital markets, has named Frank Abbenhuis as chief commercial officer with responsibility to oversee the company’s expansion from Modena, Italy, to London and drive client development. Axyon AI products can solve problems such as anticipating the market impact of economic events to suggesting future syndicated loans…
FlexTrade Hires to Build Sell-Side OMS Strength in EMEA
FlexTrade, a provider of cross-asset execution and order management systems (EOMS), has appointed Lak Loi and Vahid Shirani as co-heads of sell-side OMS business development for the EMEA region. Both Loi and Shirani come to FlexTrade with more than 25 years of combined experience in equities and derivatives trading technology. Since 1997, Loi has worked…
Dash Names Venu Palaparthi Chief Compliance Officer and Head of Regulatory Affairs
Dash Financial Technologies, a capital markets technology and execution provider, has named Venu Palaparthi as chief compliance officer and head of regulatory affairs. Palaparthi will be directing Dash’s compliance strategy with regards to internal regulatory policies and compliance with government regulations. Peter Maragos, co-founder and CEO of Dash Technologies, says Palaparthi’s experience will be key,…
Cinnober Chairman Nils-Robert Persson Steps Down
Nils-Robert Persson, chairman of Cinnober, has stepped down from his position at the company after 20 years. Persson’s departure from Cinnober this month follows that of deputy CEO, Per-Anders Häll Bedman, who left the company in December 2018, shortly before its acquisition by Nasdaq. Since the acquisition, OCC has selected to replace its legacy clearing…
Brian Conroy Appointed Liquidnet President
Liquidnet, a technology-driven, global institutional investment network, has appointed Brian Conroy as president. In this role, Conroy will work alongside Liquidnet CEO and founder, Seth Merrin. Conroy brings over three decades of experience in the financial services industry to Liquidnet, joining the company from Fidelity International in London, where he served as president. He will…
Artur Fischer Steps Down from Role of CEO at Equiduct
Artur Fischer, CEO of Börse Berlin and responsible for founding Equiduct, is stepping down from his position as the joint CEO of Equiduct. David Murphy, who has served as chief operating officer and head of operations and business development at Equiduct, is set to succeed Fischer. Equiduct is a pan-European trading venue operated by Börse…
Horizon Names Philippe Thomas as an Advisory Board Member
Horizon Software has named Philippe Thomas as a member of its advisory board. Thomas has previously held executive positions at Ullink and SunGard, and joins Horizon from his role as a consultant and investor at New World Wind, a provider of sustainable electrical services. The appointment is part of the company’s expansion strategy following an…
QuantHouse Appoints CTO and COO to Drive Growth and Innovation
QuantHouse has appointed its co-founder Denery Fenouil as chief technology officer (CTO) and Emmanuel Carjat, co-founder of Atrium Network, as chief operating officer (COO) to facilitate the company’s global growth. Rejoining the firm to oversee software and technology development, Fenouil was previously the architect of QuantHouse’s low latency market data solution. As COO, Carjat will…
FSB Names US Federal Reserve’s Randal K Quarles as Chair
Mark Carney will step down from the role of chair at the Financial Stability Board (FSB) at the end of this month, making way for Randal K Quarles, governor and vice chairman for supervision at the US Federal Reserve, to take the chair for a three-year term running from December 2, 2018 to December 1,…
LSE Group Names Tom Dunlap as CDO of Information Services Division
London Stock Exchange Group (LSEG) has named Tom Dunlap as chief data officer (CDO) of its Information Services Division, which includes global index provider FTSE Russell. The role is new and gives Dunlap responsibility for developing and leading the division’s global data strategy, overseeing a global team across multiple sites, engaging with key global clients,…
Horizon Software Names Keith Todd as a Member of its Advisory Board
Horizon Software has named Keith Todd CBE as a member of its advisory board. The addition of Todd to the Horizon team follows a management buy-out of the company with private equity firm Capzanine in June 2018 and a period of growth. Todd brings over 40 years of technology business experience to institutions ranging from…
Digiterre Names Rob Swan as Partner and Commercial Director
Trading and investment technology supplier Digiterre has named Rob Swan as partner and commercial director. Swan has held positions at HSBC Asset Management, Close Brothers, Henderson Global Investors, Skandia Investment Management and Neuberger Berman. He most recently led the data services team at Calastone, where he offered a global distribution insight tool for both fund…
Vela Names Scott Visconti as Chief Technology Officer
Vela has named Scott Visconti as chief technology officer (CTO), a role reporting to CEO Jennifer Nayar and responsible for technology strategy, supporting growth and next stage development of Vela’s product stack, services and processes. Visconti will be based in Vela’s headquarters in New York and will lead the global development team while working alongside…
Featured
FEATURED WEBINAR
Upcoming Webinar: How to exploit the opportunities of alternative data
Date: 25 June 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Over the past few years, alternative data has emerged as a means of finding alpha, monetising data and challenging competitors. Simultaneously, an increasing number of alternative data providers have joined the market and interest in the data has risen following unbundling under…
FEATURED EVENT
TradingTech Summit New York City
Our TradingTech Summit in New York City is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.
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
Alternative Data: Application and Best Practices for Investment Management Firms
Knowledge is money in capital markets and alternative data is fast becoming part of that knowledge, but it is not always easy to source, evaluate, integrate and use to best effect. The data may be incomplete, unstructured, include data that isn’t permitted for redistribution under privacy laws, and have limited or no archive available for...
Getting eComms Surveillance Right
Demand for electronic communications (eComms) surveillance has risen in response to regulatory requirements and compliance needs to pinpoint problems such as market abuse without wasting time and resources reviewing false positives. Innovative technologies such as machine learning, natural language understanding (NLU) and other strands of artificial intelligence (AI) are improving financial services firms’ ability to...
Quantity vs. Quality: An Evolving Research Paradigm
A revolution is under way in how buy-side firms conceptualize value in the research they consume. However, sell-side houses may be behind the curve in recognizing this. Driving this change in perception among buy-side firms is the EU’s Markets in Financial Instruments Directive II (MiFID II). Under MiFID II, buy-side firms have to pay for...
Events and webinars
Breakfast 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 more
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.
Find out more
Upcoming Webinar: How to exploit the opportunities of alternative data
Date: 25 June 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Over the past few years, alternative data has emerged as a means of finding alpha, monetising data and challenging competitors. Simultaneously, an increasing number of alternative data providers have joined the market and interest in the data has risen following unbundling under...
Top Knowledge Hub picks
Awards
TradingTech Insight Awards Europe
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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