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The Composable Enterprise and Desktop Integration
By James Wooster, COO, Glue42. The starting point for this piece was a statistic buried within a report on the UK Contact Centre market[1]. It stated, on page 138, that across all industries, including Capital Markets, the cost of users navigating themselves within and between applications was estimated to be in excess of £4.3 billion…
Capital Group Joins Plato Partnership
Investment manager Capital Group has joined Plato Partnership, the not-for-profit with a focus on equity market structure and operations, as a founding buy-side member. The firm joins Plato’s ranks of buy-side members including Axa Investment Managers, Baillie Gifford, BlackRock, Fidelity International, Norges Bank Investment Management, Union Investment, Liontrust, Legal & General Investment Management, Janus Henderson,…
Pico Closes $135 Million Series C with Eye on Strategic Acquisitions
Pico’s addition of Intel Capital as a new investor – announced last week – completes the trading infrastructure specialist’s $135 million Series C investment round, setting in place the foundation for its next phase of growth. Encouraged by the success of its 2018 purchase of Corvil, Pico intends spending at least some of that cash…
3di Purchase of IDLA Adds Licensing Expertise to Data Management Consulting Practice
3d innovations’ (3di) acquisition of Investment Data Licensing Advisors (IDLA) adds the latter’s expertise in market and data licensing best practices with the former’s data management consulting practice and Profiler offering. As part of the agreement, IDLA principal John White will lead the combined entity as 3di CEO. Terms weren’t disclosed. The arrangement is an…
BidFX Expands Algo Trading Capability in FX market
BidFX, a cloud-based provider of FX trading solutions, has added four State Street FX algo strategies to its platform, bringing the total number of algo providers it hosts to 20. It is also adding FX options liquidity providers to the platform and recently released an FX algo wheel. While market volatility caused by the coronavirus…
SteelEye Teams with txtsmarter for Messaging Data Capture
Financial compliance and analytics specialist SteelEye is adding txtsmarter’s messaging capture and archiving capability to its communications surveillance solution, giving clients access to native messaging data sourced from Android SMS/MMS, WhatsApp and – uniquely – Apple iMessage, in real time. The combined solution adds mobile phone messages to the range of electronic communications that users…
Beeks’ Colocation-as-a-Service Offers Agile Test Access to SGX
Beeks Group’s Colocation-as-a-Service (CaaS) collaboration with the Singapore Exchange (SGX), announced last week, offers market participants rapid access to high-speed connectivity without a major financial or contractual commitment. The facility allows firms to test new approaches and products, using on-demand virtual machine (VM) access, then easily shift to a bare-metal production environment should the test…
AWS, SGX and Aquis POC Demonstrates Feasibility of Cloud-Based Matching
AWS, the Singapore Exchange (SGX) and Aquis Exchange recently completed a proof of concept (POC) that confirmed the viability of situating an exchange matching engine in a cloud environment. The POC – which focused on evaluating the core functions and connectivity latencies of Aquis’s order-matching platform in the AWS cloud – demonstrated respectable order turnaround…
New Change FX Selects EOSE to Accelerate Distribution of Data and Analytics
New Change FX (NCFX), an independent administrator of regulated FX benchmarks, has partnered EOSE to strengthen distribution of its FX data and TCA tools. EOSE will enable NCFX to concentrate its resources on developing core business strategies by providing the company with a team of expert data sales and business development professionals to ensure new…
S&P Global Acquisition of IHS Markit Creates Financial Data and Analytics Powerhouse
S&P Global’s $44 billion acquisition of IHS Markit will create a financial data and analytics powerhouse capable of challenging Bloomberg’s market leading $11 billion revenue and towering over the proposed $27 billion acquisition of Refintiv by the London Stock Exchange (LSE). The combined company will benefit from increased scale, a wider product portfolio and a…