TradingTech Insight Blogs The latest content from across the platform
Chronicle Software Releases Market Data, Stripped Back Messaging Microservices
Chronicle Software, which provides Java-based microservices for the capital markets space, has expanded its line of native C++ libraries and microservices to include a market data distributor and a stripped-back version of its Chronicle Queue persisted messaging solution. The two new capabilities – one at the application level and the other at the framework level…
The Race is on – Corvil’s Next-Generation Trade Execution Analytics Offer Competitive Advantage
Trade execution analytics are taking a leap forward with the application of machine learning and artificial intelligence (AI) to machine-time data. Ultimate results could include the ability to understand, evidentially, the relationship between trading systems performance and trade outcomes. Corvil has been working for about two years to develop machine learning algos that can identify…
ChartIQ to Expand Finsemble Sales on Back of Citi Investment
ChartIQ, a Virginia-based player in the so-called ‘smart desktop’ segment, has received a strategic investment from client Citi, with specific focus on its Finsemble desktop interoperability offering. The company says it will use the Citi cash – which comes hot on the heels of a $17 million series B funding – to expand its sales…
Bloomberg Puts Stead in App Portal as Desktop Wars Heat Up
As the war for control over the trader desktop heats up, Bloomberg has been steadily diversifying the third-party applications available via its Bloomberg App Portal, an AppStore-like facility that allows users to access third-party data and applications through the Bloomberg Terminal. The Bloomberg App Portal isn’t new, it was launched with much fanfare (and some…
smartTrade Teams with NTT Data to Build Precious Metals Trading Platform for Asahi Pretec
French trading systems specialist smartTrade Technologies has teamed up with Japanese systems integrator NTT Data to deliver a next-generation precious metals trading platform for Asahi Pretec, a precious metals recycling company based in Tokyo. The Asahi Pretec contract builds on smartTrade’s recent success at Mizuho Japan, which selected the company’s LiquidityFX platform as the basis…
Thasos Adds QStreams Alternative Data Covering Visitation Metrics Across 480 Companies’ Locations
Thasos, an alternative data intelligence firm that transforms location data into actionable insights, has released a real-time foot traffic product, QStreams. The product has been developed specifically for quantitative hedge funds and is in beta testing. QStreams is a superset of Thasos products, providing subscribers with daily customer visitation and other fundamental metrics for every…
OpenFin Names Former Goldman Sachs MD Tim Dinsdale as CTO
OpenFin has named Tim Dinsdale, formerly a managing director at Goldman Sachs, as European chief technology officer. Dinsdale will report to OpenFin president and chief operating officer Chuck Doerr, and will be responsible for leading the firm’s technology efforts across the region, expanding OpenFin’s London-based development team and driving OpenFin’s interoperable desktop initiatives globally. He…
Liquidnet Acquisition of RSRCHXchange Extends Research and AI Capabilities
Liquidnet’s acquisition of RSRCHXchange, a marketplace and aggregator for institutional research, allows the company’s platform to deliver a new level of research and analytics into the global investment process for its institutional investor client base. It also furthers the company’s AI strategy. RSRCHXchange, a solution for unbundling, was created ahead of the introduction of the…
Effective Surveillance Can Only be Achieved with Communications Coupled with Market Data Analysis
By Ofir Shabtai, CTO and Co-Founder of Shield FC. Whilst enterprise software applications have proven effective at flagging up possible noncompliance events, once an exchange is flagged, it is largely down to the compliance team to follow through with the necessary investigation directly. With the considerable challenges of monitoring modern data-driven financial markets, it’s essential…
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…