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Ullink Expands MiFID II Solution Portfolio with Automated Trade Reporting
Ullink is developing a portfolio of Markets in Financial Instruments Directive II (MiFID II) products, the latest being an automated trade reporting solution designed to help firms comply with the post-trade transparency rules of the regulation. Coming soon are a post-trade data management product that will create a client order biographies necessary to record keeping…
Colt Adds More Destinations To PrizmNet
Last month’s hire of Andrew Housden as vice president of capital markets appears to be just the first step in expanding the Colt Capital Markets unit of network and communications provider Colt Technology Services. Colt Capital Markets is leveraging Colt Technology Services’ co-location capability for distributing market data in support of best execution of trades….
Firms Struggle To Grasp MiFID II Time-stamping Rules
MiFID II definitions for time-stamping and rules for record keeping to support tracking of trade orders — as defined in Article 25 of the directive’s regulatory technical standards (RTS 25) — even less than a year away from the deadline for compliance with the regulation, appear to be little understood, according to experts who spoke…
Inside The Matrix: How Broadway Technology Links Systems Together
Trading complex financial products on behalf of a large enterprise is an elaborate challenge that requires distributed systems working together. Broadway Technology, a provider of middleware serving electronic trading and automated decision-making needs, offers TOC, a platform addressing that problem. Intelligent Trading Technology spoke with Joshua Walsky, the company’s chief technology officer, about how TOC works, and…
Enyx Accelerates Trading Transmissions With Radio Waves
For major established trading communication routes that have relied on fiber optic cable, such as New York to Chicago, London to Frankfurt, or local back office transmissions as from New York to secondary sites in New Jersey, Enyx, a field programmable gate array (FPGA) provider, has introduced nxLink Share Version 2. This new version of…
CJC Moves On Outbound Market Data
Financial technology management solutions company CJC’s new IT Regulatory Services division is offering auditing and inventory of firms’ outbound data, concentrating on publication of market data rather than consumption, as a way to improve efficiency and reduce costs, according to Sheena Clark, director of regulatory services, CJC. “This is predominantly a data governance and risk…
Broadridge Integration of Message Automation Takes on MiFID II
Broadridge Financial Solutions acquisition of Message Automation allows the company to better serve trade and transaction reporting regulatory demands under MiFID II, according to David Campbell, a capital markets strategist at Broadridge. While Broadridge had already integrated Message Automation services under their existing relationship, the acquisition is making it possible to integrate more of both…
Bloomberg Tradebook’s OPTX Promises Solution For More Complex Markets
Global agency broker Bloomberg Tradebook has launched OPTX, an agency execution platform that uses quantitative data models and analytics to route orders. The launch is a response to what Glenn Lesko, CEO and president of Bloomberg Tradebook, calls “the dynamic nature of the marketplace.” The increased complexity and sophistication of the market presents challenges for…
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…