TradingTech Insight Blogs The latest content from across the platform
big xyt Hires Former Barclays Capital Executive Mark Montgomery
big xyt, a provider of data and analytics as a service, has appointed Mark Montgomery, formerly director of electronic trading sales at Barclays Capital, to support strategy and business development. In the newly created role, Montgomery will work closely with big xyt CEO Robin Mess and focus on alignment of business strategy with client needs…
TORA Introduces AlgoWheel to Help Firms Create Systematic Best Ex Processes
TORA has introduced an AI-powered AlgoWheel designed to help firms create scalable and systematic best execution processes in line with the requirements of Markets in Financial Instruments Directive II (MiFID II). The TORA AlgoWheel is a quantitative execution strategy optimiser that uses AI technology to automate low-touch order execution or provide real-time market intelligence for…
Fidessa Native Solace Adapter Upgrades Integration with Messaging Platform
Fidessa has fully integrated its GS3 (global switching, security and service integration) middleware with the Solace messaging platform with the aim of solving the ‘many to many’ integration problem of delivering information between different systems. The company is a long-term partner of Solace and has released a native Solace adapter that provides faster and more…
FlexTrade Releases FlexNow EMS for Hedge Funds and Mini-Primes
FlexTrade has formally released FlexNOW, an out-of-the-box, broker neutral execution management system (EMS) for hedge funds and mini-primes that want a multi-asset trading system at the click of a button. The EMS supports MiFID II compliance and is designed to handle equities, futures and options trading. It also offers connectivity to leading market data providers,…
ION Trading Seals the Deal at Fidessa
ION Trading has agreed to acquire Fidessa just hours after it made a proposal to buy the company at a value of £1.5 billion and then transitioned the proposal into a formal offer. The offer trumps the bid for Fidessa made by Temenos in February and initially recommended by Fidessa to its shareholders. As we…
ION Trading Expected to Make Offer for Fidessa Ahead of 5pm Closing Deadline Today
The bidding battle for Fidessa has recommenced with ION Trading saying this morning that it has made a proposal to acquire Fidessa for £38.70 per share in cash. The proposal tops the offer of £35.67 per share made by Temenos on 21 February, but it is only a proposal and ION Trading must make a…
Potential and Pitfalls of Artificial Intelligence in the Trading Environment
Earlier this month, HSBC made headlines when it confirmed it will use UK start-up Quantexa’s artificial intelligence (AI) and machine learning technology to root out money laundering across its operations – the bank’s latest move in a multi-billion pound programme to fight financial crime. This seal of approval by HSBC has focused attention on the…
QuantHouse Adds Trade and Book Updates Synchronisation Feature to Data Feeds
QuantHouse has responded to client requirements with a trade and book updates synchronisation feature that allows trades and book updates to be reconciled when consuming data in real time, or when working with historical data. The feature is available on QuantHouse’s QuantFEED and ConsolidatedFEED, and is focused on feeds from derivatives exchanges. It is currently…
Fidessa Adds Tower Research Capital to its Intelligent SI Liquidity Program
Fidessa has added Tower Research Capital to its Intelligent SI Liquidity Program, helping users of its access architecture and smart order routing capabilities meet the liquidity challenges presented by Markets in Financial Instruments Directive II (MiFID II). Tower uses a diverse set of trading strategies across a broad range of asset classes to provide liquidity…
AlgoTrader Names Richard Chmiel as Chief Operating Officer
AlgoTrader has hired Richard Chmiel as chief operating officer with a remit to grow US business and manage the algo trading solution company’s global sales, business development, client success and marketing. A veteran of the financial services industry, Chmiel’s career includes periods as a senior executive at Bloomberg, global head of sales and marketing at…