TradingTech Insight Blogs The latest content from across the platform
Merrill Lynch Taps FactSet for Broker Terminals, Ending 20-Year Tie-in with Reuters
In the fourth quarter of 2018, around 15,000 Merrill Lynch wealth managers across the US will replace their existing Thomson Reuters desktop terminals with a web-based software solution from FactSet. The multi-year, enterprise-level agreement will see FactSet’s Market Data solution deployed across Merrill Lynch’s US broker network, while its data feeds will also be integrated…
ITRS Continues Infrastructure Monitoring Expansion with OP5 Purchase
ITRS Group’s acquisition of OP5, a Swedish provider of IT monitoring and log analysis technology, continues its move to shore up its trading infrastructure offering coming on the heels of a recent partnership deal with Velocimetrics and its May purchase of capacity analysis specialist Sumerian. OP5 specialises in helping firms to control and monitor their IT configurations using…
Innovation Delivers Improved Trading Performance, Lower Costs and New Opportunities
Time series databases, predictive analytics, ultra-low latency network products, sophisticated algorithms and artificial intelligence are on the wish list of many trading firms looking for innovative technologies to improve trading architecture and support high performance trading. They do, however, come with challenges, cost implications and the need for management buy-in. Speaking on a recent A-Team Group…
Bloomberg Increases Transparency in US Treasuries and Interest Rate Swaps Pricing
Bloomberg has introduced Bloomberg Capital Markets Package (BCMP), a data service that combines NEX’s BrokerTec US treasuries data with US dollar spread-over data from Tradition’s Trad-X platform to increase market transparency and provide the global issuance and derivatives community with intuitive access to the firms’ datasets. Bloomberg says consolidating the BrokerTec and Trad-X data –…
Advanced Logic Analytics Offers AI Driven Market Sentiment Tool
Advanced Logic Analytics (ALA) has introduced ALASA, a market sentiment tool designed to help investment banks and trading firms make sense of human and market signals from financial data published online. The solution uses proprietary algorithms, machine learning and natural language processing to gather financial information published online from any number of professional and crowd-based…
Dash Appoints Stino Milito to Lead Institutional Buy-Side Business
Dash Financial Technologies, a multi-asset order routing solutions provider, has appointed Stino Milito as co-chief operating officer with responsibility to lead the firm’s institutional buy-side team and oversee product strategy. He rejoins the company from ED&F Man Capital Markets where he served as director of trading, and from 2010 to 2016 worked in client services…
SS&C is Back on the Acquisition Trail with $1.45 Billion Offer for Eze Software
SS&C is back on the acquisition trail with a $1.45 billion definitive agreement to acquire Eze Software from alternative asset firm TPG. The company backed out of the bidding for Fidessa in April 2018 after ION Trading made a late offer to acquire Fidessa and gazumped initial bidder Temenos. The SS&C acquisition of Eze Software,…
Thomson Reuters Partners CryptoCompare to Add Cryptocurrency Data to Eikon
By Uri Inspector, Staff Reporter Thomson Reuters has made a strategic partnership with global cryptocurrency market data aggregator CryptoCompare to provide crypto data to the Eikon financial analysis desktop platform. The deal takes Thomson Reuters further into the crypto space, with CryptoCompare integrating its real-time order book and trade data for 50 leading crypto coins…
Digital Asset Names Former Thomson Reuters Exec James Powell to CTO
Digital Asset, a New York-based distributed ledger technology solutions provider, has appointed former Thomson Reuters executive James Powell as its new CIO and CTO of engineering. Powell is charged with guiding development of the company’s distributed ledger platform and smart contract modelling language, DAML. He joins the firm after a stint at Warburg Pincus as…
ITRS Partners Velocimetrics to Improve Operational Resilience
ITRS Group has partnered Velocimetrics to give users of its ITRS Geneos real-time monitoring solution the ability to independently trace and analyse the real-time performance of every trade as it is processed and improve operational resilience. The need for improved resilience was raised earlier this month in a joint discussion paper from the FCA, PRA…