Fidessa Plot Thickens
Fidessa has revealed that ION Trading, a vendor of trading software, and SS&C Technologies, a provider of investment management software and services, are the new suitors attempting to woo the firm away from its acquisition deal with Temenos, which was due to be voted in today – but as competition escalates, who will come out...
Fidessa Delays Temenos Deal as Late Bidders Join the Party
By Lauren McAughtry Fidessa has postponed its shareholder vote on the £1.4 billion cash offer from Temenos after receiving approaches from two separate, as yet undisclosed third parties, who are each considering making an offer for the firm at a premium to the Temenos bid. Under the Temenos offer of February 20th, which had the...
What’s Next for Financial Services and MiFID II
By: Jay Patani, Tech Evangelist at ITRS In Hollywood, with every movie that hits the headlines its sequel is right around the corner. When the credits roll, it no longer marks the end of a film, but the next step in a long and lengthy franchise. The same applies in the world of financial services....
Quant Insight Adds Predata Geopolitical Predictive Risk Signals to Analysis Framework
Quant Insight and Predata have partnered to add Predata’s global geopolitical risk signals from its predictive analytics platform to Quant Insight’s quantitative macro analysis framework and processes. The aim of the partnership is to give institutional investors and traders a better grasp on political, financial and economic factors driving asset prices, and insight to help...
FlexTrade Integrates Kensho AI Driven Analytics into FlexTRADER EMS
FlexTrade has integrated Kensho Technologies’ pre-trade analytics solution into its FlexTRADER EMS, providing a real-time event feed to help traders make decisions when executing a trade and enhance best execution. Kensho captures events to surface company-specific developments, such as product launches, mergers and acquisitions or corporate announcements. These events come from news outlets and other...
NetXpress Deploys Metamako Switches for Low-Latency Native Market Access
NetXpress, a provider of market connectivity and managed services, is rolling out Metamako ultra-low latency Layer 1 and FPGA-enabled switches to deliver native market access to trading clients including banks, hedge funds and proprietary trading shops. The company will also use the Metamako technology to support additional functionality that results in time and cost savings,...
Liquidnet Offers High-Touch Solution for Best Execution Analysis
Liquidnet has introduced Best Ex Replay, an addition to its Virtual High Touch suite that is powered by data and analytics from OTAS Technologies. The solution allows traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and achieve regulatory reporting compliance. Natasha Shamis, global...
Rosenthal Collins Group Selects Eventus Platform for Trade Surveillance
Rosenthal Collins Group (RCG), an independent futures brokerage and clearing firm, has selected Eventus Systems’ Validus platform for trade surveillance. RCG chose the cloud version of the platform for its compliance officers to monitor trading activity and any regulatory issues. RCG considered several trade surveillance vendors before selecting Eventus and the Validus platform, which has...
ICE Benchmark Administration to Publish Test Data for ICE LIBOR this Saturday
ICE Benchmark Administration (IBA) will publish results of a three-month test of ICE LIBOR on the ICE website this Saturday March 17, 2018. The test is part of the evolution of the benchmark and ran from September 15 to December 15, 2017, during which time all 20 LIBOR panel banks were required to make additional...
FIX Release of Orchestra Supports Standardisation of Rules of Engagement
The FIX Trading Community has published Release Candidate 3 of FIX Orchestra for public review. FIX Orchestra supports machine readable rules of engagement between counterparties and enables firms to define their service offerings in a systematic way, certify flows faster and with greater accuracy, and reduce manual intervention. It is designed to help the financial...