TradingTech Insight Blogs The latest content from across the platform
Colt Partners NPL to Deliver Time Service Suited to MiFID II
Colt Technology Services is offering financial firms using its colocation services a timestamping capability that more than meets the requirements of Markets in Financial Instruments Directive II (MiFID II). The company has partnered with the UK National Physical Laboratory (NPL) to deliver precise timing capabilities to firms using its colocation services in Equinix data centres…
HPR Extends Capital Markets Infrastructure Technology into Europe
US based capital markets infrastructure technology provider Hyannis Port Research (HPR) has made its first foray into Europe with a leading global investment bank that has gone live with its Riskbot market access platform in EMEA. The platform provides trading clients with sub-microsecond direct market access to Cboe Europe, Euronext, LSE, Turquoise and Xetra. Riskbot…
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…
MiFID II Data Management: Where Are We Now?
Winston Churchill probably doesn’t spring to mind when considering Markets in Financial Instruments Directive II (MiFID II), but his famous Battle of El Alamein description – “This is not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning” – fits the new EU regulation…
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…