TradingTech Insight Blogs The latest content from across the platform
Message Automation Building CCP Data Harmonization
Derivatives post-trade data management provider Message Automation’s signing of Societe Generale Corporate & Investment Banking (SG CIB) as a client on November 23 is a first step in making its central counterparty (CCP), exchange and broker data more comprehensive, said Hugh Daly, CEO and founder of Message Automation. “We started with the big clearinghouses that…
Buy-Side Waking Up To MiFID II Impact On Research Fees, Says Fidessa Executive
In recent weeks, the understanding of how to implement the rules for commission payments set in Europe’s MiFID II regulation has changed, according to David Pearson, head of post-trade strategy at trading platform provider Fidessa. “The understanding now is that a broker must be paid for services they provide to clients, whatever those services are,”…
FINRA Bans Spoofing and Layering Practices In Its Markets
The Financial Industry Regulatory Authority (FINRA), the US self-regulatory organization serving the NYSE, Nasdaq and other US-based exchanges, has submitted a proposal to the US Securities and Exchange Commission to sanction trading practices commonly known as “spoofing” and “layering.” FINRA has proposed adding provisions to Rule 5210 of the US Securities Exchange Act of 1934…
SROs To Select CAT Builder within Two Months Following SEC Approval of NMS Plan
The Securities and Exchange Commission (SEC) has approved the national market systems (NMS) plan that will create a consolidated audit trail (CAT) designed to help regulators improve tracking of trading activity in the US equity and options markets. Within two months of this week’s approval, self-regulatory organisations (SROs) must select an organisation, or plan processor…
Object Trading Adapts To Singapore Exchange’s Titan Platform
Multi-asset trading infrastructure provider Object Trading has adjusted its services to conform to Titan, the newly launched trading platform of the Singapore Exchange (SGX). Object Trading’s Direct Market Access (DMA) platform will continue to handle market data, order execution and pre-trade risk constraints for its clients who trade on SGX. Object Trading supports SGX’s QuestDT…
Integration and Development Capabilities Sell Vontobel On Horizon Platform
Zurich-based Vontobel, which has CHF 187 billion in assets under management, chose Horizon Software’s Horizon Platform for Automated Trading (HPAT) for its electronic trade execution because of the platform’s ability to develop algorithms, handle reporting, meet compliance requirements and integrate in a timely and low-risk manner with the firm’s trading environment, according to Sylvain Thieullent,…
The Open Source Market Data Ecosystem – Open for Business
Andrew Miller of Net Effect, a consultant on the OpenMAMA project, takes look at the state of play of open initiatives in the market data space. A white paper published by A-Team last month went into some depth on the state of market data infrastructure, pain points and benefits of adoption of open source technologies….
The CAT Controversy
By Kelvin To, founder and president of Data Boiler Technologies AutoCAD has been the de facto computer-aided design (CAD) program for engineers for so long that it’s like an acronym for anything that is professionally engineered, designed and created. In capital markets, the Securities and Exchange Commission (SEC) has adopted rule 613 to establish the…
Quandl Offers Alternative Data Designed to Improve Trading Decisions
Quandl, a Toronto based data provider, is pushing into the provision of alternative datasets that can be used by banks and hedge funds to make better trading decisions. The company works with partners to gather alternative data and sells it at a relatively high price to a limited number of firms. The company started a…
Expert Guidance on How Best to Implement a Market Data Inventory Platform
Market data inventory platforms are becoming essential to financial institutions’ ability to manage market data costs, and for some firms costs such as index licensing, research, and publications and subscriptions – but how best can firms select and implement market data inventory platforms, and what benefits can be gained? These questions and more were answered…