TradingTech Insight Blogs The latest content from across the platform
Broadway Acquisition of Barracuda FX Expands Product Suite
Broadway Technology plans to deliver multi-asset solutions across more parts of the investment lifecycle and help clients automate additional workflows following its acquisition of Barracuda FX. The company, a provider of high-performance fixed income and foreign exchange solutions, has taken on the full Barracuda FX team and will operate the company independently under the auspices…
SEC Rule 606 Features Highly at FIX Americas Conference
The imminent adoption of amendments to SEC Rule 606 was high on the list of hot topics when electronic trading professionals met at the FIX Americas conference in New York this week. And while speakers, panellists and delegates acknowledged the initiative represents a significant challenge in terms of technology resource, most said they believed the…
DTCC Boosts Trade Reporting Solution with New Droit Partnership
The Depository Trust & Clearing Corporation (DTCC), a pillar of post-trade market infrastructure, is joining forces with real-time transactional compliance provider Droit. The partnership will enable market participants to leverage Droit’s reporting eligibility capabilities within DTCC’s Pre-Reporting Transformation Services for supported G20 regimes, as well as the forthcoming Securities Financing Transactions Regulation (SFTR). The joint…
Alternative Data Budgets Rise in 2019, But Providers and Buyers are Not in Step
Alternative data is gaining favour among investment firms seeking new ways to find alpha, but its lack of maturity as a data type is also leading to a dichotomy in the market between providers and buyers. While more than 90% of data providers expect prices to increase or remain the same through 2019, nearly 60%…
TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York
TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS. These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent…
LCH Implements Three Solutions Built on Genesis’ Microservices Framework
genesis, a provider of trading technology products based on microservices, is gaining market traction with the implementation of three solutions at LCH following a recent deal with Linear Investments to develop a cash and margin management system. LCH has worked with genesis to design, build and implement the solutions, which will streamline and automate clearing…
Corvil Plans Next-Generation Predictive Trade Execution Analytics
Corvil will introduce its next generation of predictive trade execution analytics later this year, in a bid to exploit what it sees as a growing need for more advanced analysis of execution amid an increased as a growing tendency among buy-side firms to use sophisticated tools to analyse broker execution performance. The Dublin-based trading data…
Thasos Looks to the Future
Thasos, an alternative data intelligence firm that transforms real-time location data from mobile phones into actionable insights, has named Chris Metaxas as chief revenue officer. Metaxas comes on board as Thasos builds on growth in 2018 and 2019. Recent milestones at Thasos include partnerships with Bloomberg and FactSet, a new office in New York’s tech-focused…
FINOS Releases Version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium Standard
The Fintech Open Source Foundation (FINOS), a non-profit organisation promoting open innovation in financial services, has released version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard. Founded and contributed to by OpenFin, the initiative brings connectivity and standards to the financial industry’s desktop applications. Gabriele Columbro, executive director of FINOS, says: “The…
Invast Global Outlines its Selection and Implementation of OneTick Surveillance
Invast Global, a multi-asset prime brokerage based in Sydney and Hong Kong, has selected OneMarketData’s OneTick Surveillance solution to monitor FX, equities, commodities and futures. To find out more about the implementation, we talked to Invast chief operating officer Nick Briscoe. Outlining the problem Invast was facing, Briscoe says: “Simply put, our previous market surveillance…