Symbiont Sets Out Plans for its Smart Securities Technology
Symbiont is planning to issue its first private equity shares as smart securities on the bitcoin blockchain next month with a view to demonstrating its capabilities to financial institutions interested in programmable securities that are stored on a cryptographic distributed ledger called a blockchain. Beyond the demonstration, the company aims to offer a service based...
Electronifie Provides All-to-All Platform for Corporate Bond Trading
Electronifie is challenging problems of liquidity and information leakage in the US corporate bond market with an electronic trading platform that connects buyers and sellers directly but anonymously, limits market impact and generates liquidity. The company was set up by former Goldman Sachs trader and SEC executive Amar Kuchinad in downtown New York in March...
Talking Intelligent Trading with Andrew Delaney: The Flash Crash Blame Game
As you know, we don’t often wade in on macro market structure issues, preferring instead to stick to our proverbial knitting: trading infrastructure that uses high-performance technologies to introduce some smarts. But the recent arrest of a culprit in the authorities’ long-running efforts to assign blame for the May 6, 2010, so-called Flash Crash –...
NanoSpeed Cuts Trading Latency with FPGA Based Nano-Gateway
NanoSpeed has halved the latency of its first FPGA based trading gateway with the addition of Nano-Gateway, an FPGA including interfaces for up to 32,000 trading algos, market data feed handlers, pre-trade risk checks, limits that can be changed on the fly, and the ability to deliver client orders to an exchange in less than...
Ullink Builds Out its Connectivity and Trading Solutions Business under the Auspices of Interim CEO Bertrand Sciard
Ullink is building out its connectivity and electronic trading solutions business on the back of last year’s acquisition of NYFIX and its ability to meet growing market demand for managed services. At the helm is interim CEO Bertrand Sciard, who joined the company from Ullink’s private equity investor HgCapital when Ullink founder Laurent Useldinger stepped...
Tradition Integrates Azul Zing to Increase Trading Predictability and Performance
Tradition, the interdealer broking arm of Compagnie Financière Tradition, has integrated Azul Systems’ Zing Java virtual machine (JVM) into its high performance trading platforms to deliver predictable, high throughput and low latency execution. The company also expects the adoption of Zing to free up developer time that will be used to pursue new revenue streams....
Bloomberg Integrates EMSX with Exane BNP Paribas Feedback Channel to Increase Algo Trading Transparency
Bloomberg has increased transparency around trading algorithms provided by Exane BNP Paribas by integrating access to the investment company’s Order Status Update feedback channel, which gives European equities traders insight into the algos, with its EMSX execution management system. The integration builds on Bloomberg’s use of Tag 30 FIX protocol messages to show algo traders...
RiverRock Uses Horizon Automated Trader to Develop Algo Trading Strategies
Alternative investment firm RiverRock is up and running with Horizon Software’s Automated Trader solution that offers an out-of-the-box low latency and high frequency trading platform, as well as a flexible development environment that RiverRock is using to develop proprietary algorithmic trading strategies. The firm previously built algo trading strategies manually and went to market with...
Quotix and Celer Technologies Implement Azul Systems’ Zing JVM
Azul Systems continues to build its direct and third-party customer bases with recent wins for its Zing Java virtual machine (JVM) at Quotix, a provider of intelligent trade execution and management for the foreign exchange market, and Celer Technologies, a provider of adaptable high performance trading platforms. Quotix selected Zing to support and optimise the...
Codestreet Plans Expansion Post Venture Capital Investment
Codestreet, a provider of fixed income liquidity discovery and matching solutions, is planning to expand its product portfolio and extend its geographic reach following minority investments from venture capital firms Cerium Technology and Rochester Advisors. Codestreet’s flagship product is Teamwork, a software-as-a-service solution that exploits the network across a fixed income trading desk to expose...