TradingTech Insight Blogs The latest content from across the platform
FlexTrade Adopts SmartStream RDU’s SI Registry for MiFID II Compliance
By Uri Inspector, Staff Reporter FlexTrade has integrated SmartStream RDU’s Systematic Internaliser (SI) Registry into the FlexTrader execution management system (EMS) to help FlexTrade customers comply with new MiFID II reporting regulations coming into force from September 2018. The development will allow FlexTrade clients to ascertain the SI status of counterparties before they decide to…
Post-Trade for ETDs: The Final Frontier for Buy-Side Operational Efficiency?
The fund management industry’s shift to passive funds and embrace of smart-beta funds over the past decade or so has shaved margins to the extreme. In this environment, operational efficiency becomes an existential issue. Across a broad swathe of asset classes, front-office technologies have kept pace with massive changes in market structure driven by regulation…
Interxion Unveils New LON-3 Data Centre
Colocation data centre service provider Interxion this week announced the planned October launch of LON-3, the latest addition to its central London campus, with an event at London’s City Hall on July 11. Interxion’s Brick Lane data centre is already home to a number of electronic execution venues, including Instinet’s BlockMatch, the London Metal Exchange’s…
ESMA Delays SI Implementation for Derivatives by Six Months
ESMA has pushed back the systematic internaliser (SI) implementation dates for derivatives by six months due to concerns over a lack of data completeness among market participants. The delay – to March 1, 2019 – mirrors the earlier treatment of MiFID II derivatives rules on open access, which were deferred from January 2018 to January…
Beeks Financial Cloud Adds Cross-Connect Access to LME
By Uri Inspector, Staff Reporter High-performance Infrastructure-as-a-Service (IaaS) provider Beeks Financial Cloud has added cross-connect capability to the London Metal Exchange (LME). The facility – implemented at Interxion’s LON-1 data centre in Brick Lane in London, home to LME’s primary matching engine since May 2017 – will allow collocated Beeks clients to trade electronically on…
Cboe to Open Amsterdam Venue
Cboe Global Markets has begun post-Brexit preparations with plans to set up a MiFID II compliant share trading venue in Amsterdam. The Chicago-based exchange group, which last year acquired Bats, Europe’s largest exchange, has chosen to expand to the Dutch capital in order ‘to ensure the company is well positioned to continue to serve its…
Quant Insight Secures Funding to Expand in US and Develop Macro Analytics Platform
Quant Insight (Qi), a London-based macro research firm, has completed a funding round that will support expansion in the US and Asia, and stimulate product development. Over 80% of the multi-million dollar funding came from Qi’s clients, including sizeable investments from Alan Howard (Brevan Howard Asset Management) and Jens-Peter Stein (Stone Milliner Asset Management). Qi…
Addressing the Challenges of FRTB
Despite the compliance deadline of Fundamental Review of the Trading Book (FRTB) regulation being pushed back to January 2022, the time to address the challenges of the regulation is now. A recent A-Team Group Webinar explored the problems presented by the regulation, identified possible solutions, and discussed best practice implementation. The Basel Committee’s Standards for Minimal…
MiFID II: The Need for a Centralised Messaging Platform
With the pressure of initial implementation now a distant memory, MiFID II-regulated firms are turning their attention to the real work required to create sustainable long-term solutions. For many, the race to meet the January 3 deadline meant implementing temporary compliance processes that were far from perfect. Unless updated and improved, these could lead to…
NP RTS Group Joins IPC Ecosystem, Connecting 6,000 Capital Market Firms to Russian Markets
By Uri Inspector, Staff Reporter Moscow-based market operator NP RTS Group has joined IPC Systems’ global financial community, opening up access to key Russian equities exchanges, OTC markets, banks and clearing houses. The link with NP RTS gives the IPC Connexus extranet’s 6,000 institutional investor, asset manager, hedge fund and broker-dealer customers access to the…