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ISITC Taps Machine Learning To Catch Suspect Transactions
Although the financial industry’s awareness of the need to use machine learning to bolster its cybersecurity has existed for several years, focused work on such endeavors is just beginning, as Erica Choinski, the new chair of industry operations group ISITC, sees it. As ISITC prepares the agenda for its 23rd annual vendor show in Boston…
IHS Markit Launches ‘Different’ Solution For Derivatives Tax Compliance
Information, analytics and solutions provider IHS Markit has launched Markit / CTI Tax Solutions for Section 871(m), a service that went live with some users on January 1 as the US Internal Revenue Service (IRS) rule governing withholding on foreign investors for dividend equivalent payments for US equity derivatives took effect. Brown Brothers Harriman (BBH),…
S&P Global Calls QuantHouse Sale Part Of Realignment
Market information provider S&P Global’s sale of market data and end-to-end systematic trading solutions provider QuantHouse, which it had acquired in 2012, is intended to allow its S&P Global Market Intelligence division to focus on opportunities “that most closely align with our vision,” says Mike Chinn, president of S&P Global Market Intelligence. Access to exchange…
TP ICAP Reorganization Keeps Voice Broking With Parent Company
London-based trade execution and risk management services provider NEX Group has com-pleted the sale of its global hybrid voice broking and information business to its parent company TP ICAP. NEX Group is the newly rebranded ICAP electronic markets and post-trade, risk and information business. ICAP shares began trading as NEX Group shares on December 15….
IBOR Systems Will Break Firms’ Internal Information Barriers
Continued increased interest in Investment Book of Record (IBOR) systems will continue to shape front-office trading operations and alpha generation in 2017, predicts Joshua Satten, head of the fintech practice at Sapient Global Markets, the Boston-based business technology and consulting provider. “IBOR is bringing together front, middle and back office data,” he said. “As we…
Architecture, Performance Proved Key to Deutsche Börse Use of TBricks
Deutsche Börse’s implementation of the Tbricks derivatives pricing and alerting platform offered by Itiviti, a Stockholm-based capital markets technology provider, harnesses the platform’s architecture and performance strengths, said Rickard Davidsson, vice president of sales, EMEA, at Itiviti. “TBricks uses out-of-the-box functionality for its overall set-up — for pricing, volatility management, alerting, and standard monitoring functionality…
MiFID II Preparation Challenges Emerge
For trading operations, MiFID II still appears to be a moving target in terms of transparency and reporting requirements, according to data and regulation experts from industry service providers. Compliance with MiFID II is requiring significant technology resources, the experts said, speaking during the general meeting of FISD in New York on December 15. “In…
Avelacom Expansion Speeds Relays To Asia
Moscow-based network service provider Avelacom expansion of its optical fiber network, which reduces latency on its London to Moscow route, will have a ripple effect of decreasing the latency for trading between the UK and Asia, because Moscow acts as a hub for transmitting to Hong Kong, Tokyo and South Asia markets, according to Alina…
TransFICC Confirms First 5 Venues For Spring Launch
London-based electronic trading technology company TransFICC, which serves fixed-income and derivatives markets, plans a spring 2017 launch of its application programming interface (API) service to facilitate connectivity with trading venues. The service can connect to multiple venues to execute orders without separate submissions (for users with software to enable this method of sending orders through…
NovaSparks Adds Markets To Ticker Product
Paris-based market data company NovaSparks, which offers field programmable gate array (FPGA) services, has added 10 markets to its NovaTick ticker plant product. The additions bring NovaSparks total coverage in NovaTick to a total of over 50 markets. The new markets include the Osaka Securities Exchange, Chi-X Japan and SBI JapanNext in Japan; the Australian…