Talking Intelligent Trading with Andrew Delaney: The European Question
The marketplace is whirring with great minds turning their attention to what the latest ESMA rules for MiFID II actually mean. We’re not sure anyone has completely figured that out yet, but we’ll be watching closely as we’re embroiled in a number of projects that are impacted to various degrees by the latest ESMA utterances,...
Talking Intelligent Trading with Andrew Delaney: MiFID II and the Coming Post-Trade Revolution
Word has it that ESMA is serious about its intention to publish its final guidance on MiFID II this month. With a possible (unconfirmed) publication date of September 24 doing the rounds, the market is bracing itself for a vigorously more prescriptive approach than under MiFID I, with less wiggle room for divergence from the...
New Zealand’s Chelmer Adds Azul JVM to CSS Trading Platform
By Zoe Schiff Azul Systems’ resale agreement with Chelmer will allow the Auckland, New Zealand-based trading systems supplier to offer Azul’s Zing Java Virtual Machine (JVM) to add consistency and scalability to clients’ low-latency infrastructures. The deal also expands Azul’s presence in Asia / Pacific. The relationship stemmed from Chelmer’s desire to address performance issues...
Talking Intelligent Trading with Andrew Delaney: Plato Gets Its Socrates
Kevin Covington’s appointment to the board of Delta Capita this week underscores a perhaps more wide-ranging development: the emergence of the Plato Partnership, which named Delta Capita as its strategic consultant earlier this year. As you’re doubtless aware, Plato Partnership is an industry-led consortium that aims – in its own words – to offer “new...
Alize Trading Builds Algo Trading Business on Horizon Platform
By: Zoe Schiff Alize Trading, a Paris-based algorithmic prop house, has gone life with Horizon Platform with a view to developing its algorithmic trading business. The flexibility of Horizon’s algorithmic trading software allows smaller prop trading firms to engage in trades with a few exchanges and gradually increase their scale of operation as they grow....
DeltaOne and Horizon Software Partner to Provide an Integrated Solution for ETF Quoting and Hedging
By Zoe Schiff DeltaOne Solutions and Horizon Software have partnered to deliver an integrated solution that provides a single place to analyse and implement index and exchange traded funds (ETF) trades, in turn allowing market makers and traders to quote and hedge ETF trades with greater accuracy. The partnership brings together DeltaOne’s index and ETF...
Orient Securities Implements Orc Trading Bricks for Options Market Making in China
Orient Securities has implemented Orc’s Trading Bricks platform to support its options market making operations on the Shanghai Stock Exchange. The securities firm chose Orc’s turnkey market making solution in a competitive selection process and on the basis of Orc’s market reputation and its platform’s rich feature set. Orient, one of the largest securities firms...
Thomson Reuters Offers Three Open Source APIs and Plans More
Thomson Reuters has simplified access to its data feeds and services with a family of open source application programming interfaces (APIs) that are designed to help developers create innovative applications quickly and more easily than was previously possible. The Elektron API family is a response to customer interest in open source APIs that can be...
Fidessa Moves Into Low Latency Technology with Direct Market Access Platform
Fidessa has made its first move into the low-latency, low-touch trading technology market with a low-latency direct market access (DMA) platform that is delivered as a managed service and aims to provide brokers with high-performance, scalable and consistent access to global equity and derivatives markets. The platform is the first service to emerge from Fidessa’s...
Mirror Blockchain-Based Trading Platform Gets $8.8 Million Funding
By Zoe Schiff The idea that blockchain technology can aid in the development of real world trading technology gained more credence this month with the news that Mirror – a trading platform operator formerly known as Vaurum – has received $8.8 million in Series A funding from investors led by Route 66 Ventures. San Francisco-based...