TradingTech Insight Blogs The latest content from across the platform
Exegy Adds IEX Data as its First Direct Source
Market data managed services and technology provider Exegy has taken a step to be a direct source of some US National Market System (NMS) data itself, with an announcement of the addition of IEX (The Investors Exchange) data to its X-Port market data vending service. “We are offering a more complete direct feed for the…
Thomson Reuters Teams Up with Kx to Deliver Superfast MiFID II Solution
Thomson Reuters has teamed up with Kx to enhance its Velocity Analytics platform and deliver ultra-high-speed processing of real time, streaming and historical data to meet the requirements of Markets in Financial Instruments Directive II (MiFID II). The platform has been refreshed and released as Version 8, with Kx high-performance computing technology replacing high-speed processing…
West Coast Hedge Fund Reduces Trade Errors With LiquidityBook
Since San Francisco-based multi-strategy hedge fund Pier 88 Investment Partners implemented LBX Buyside POEMS (Portfolio, Order and Execution Management System) from service provider LiquidityBook in the third quarter of 2016, the fund has eliminated trade errors, gotten greater transparency and enhanced its networking capability. Pier 88’s trade execution and portfolio management has had “very noticeable”…
Tullett Prebon To Feed Data To Murex Trading Platform
Trading, risk and processing solutions provider Murex has partnered with Tullett Prebon Information (TPI) to use its real-time, end-of-day and historic price information for internal model validation, gaining independent and accurate data to feed the Murex platform, according to officials of the companies. “TPI content comes directly from the trading operations of our global brokerage…
ESMA Raises Alarm About Systematic Internalisers
The European Securities and Markets Authority’s chair, Steven Maijoor, has raised an issue concerning the use of systematic internalisers (SIs) to circumvent MiFID II rules, writing to European Commission director general Olivier Guersent earlier this month. In a letter dated February 1 and released to the public on February 14, Maijoor wrote that market participants…
When Is Lower Latency Worth The Effort?
Shaving response times by nanoseconds can produce value in high-frequency trading, but the cost of achieving that size of an improvement in latency, in resources and time, can be too high for trading of more complicated types of securities, according to low-latency services and market access platform providers. “High frequency traders are responding at a…
ICE Atrium Acquisition Streamlines New York-Toronto Low Latency Ties
The Intercontinental Exchange’s (ICE) acquisition of TMX Atrium, the wireless and extranet infrastructure services business owned by Canadian exchange operator TMX Group, could expand the low latency networks available to customers of ICE’s NYSE subsidiary. Following ICE’s acquisition of Interactive Data in December 2015, that company’s 7ticks low latency network was integrated with NYSE’s Secure…
Housden Brings Capital Markets Focus To Colt
Network and communications provider Colt Technology Services’ hire of Andrew Housden as vice president of capital markets may herald greater attention and effort on financial markets work by the company. Colt offers Colt PrizmNet, a financial sector extranet service, and MarketPrizm data feeds, hosting and connectivity solutions, as well as the Colt IQ Network which…
Symphony Foundation Looks To Leverage New FinTech Members
Palo Alto, Calif.-based Symphony Software Foundation, a non-profit financial services open source software organization, has added three new “silver tier” members in an effort to include more fintech companies and offerings in its group, according to Gabriele Columbro, executive director of the organization. The Symphony Foundation’s new members are ChartIQ, a data visualization provider; The…
Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?
If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that get it right? These issues and more were debated during a panel session at last week’s A-Team Group Intelligent Trading Summit in London. Intelligent Trading…