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US SEC’s Radical Overhaul of Consolidated Tape Sparks Debate on Future of Equity Market Data
The US Securities and Exchange Commission (SEC) consultation on the future of the three consolidated tapes that are produced for equity trading could lead to a radical shake up of the consolidated tape system – or the disappearance of the consolidated tape completely. The industry debate may become intense, as the outcome may have ramifications…
UK and European Regulators Seek to Strengthen Cloud Rule Framework
As trading firms seek to leverage the operational benefits presented by cloud hosting and delivery, UK and European regulators are launching initiatives to improve risk management and ensure resilience of financial markets participants’ cloud-based activities. For many trading firms, cloud offers a compelling solution to a growing number of use cases. The Association for Financial…
CIAM Selects Steeleye for Trade Surveillance, Best Execution and Trade Analytics
CIAM, an event driven investment management firm focused on special situations and using activism as one of several tools to unlock shareholder value, has replaced its existing technology set up with SteelEye regulatory compliance and analytics solutions. The firm has licensed SteelEye’s trade surveillance, best execution and core package, which includes record keeping, trade reconstruction…
BMLL Appoints Paul Humphrey as CEO to Drive Up Business Scale
BMLL Technologies, a data engineering and analytics firm initially spun out of the machine learning labs in the engineering department at Cambridge University, has appointed Paul Humphrey as CEO with responsibility to drive up the scale of the business and realise its mission to democratise access to granular market data and analytical products at speed…
London Stock Exchange Confirms Murray Roos as Group Director, Capital Markets
London Stock Exchange Group (LSEG) has confirmed Murray Roos as group director, capital markets, and a member of the LSEG executive committee with effect from April 1, 2020. As announced by the group in April 2019, he will replace Raffaele Jerusalmi, who will continue in the role until Roos joins. Roos will report to LSEG…
Velocimetrics Cuts Costs with Software Only Network Monitoring and Cloud Traffic Storage
Velocimetrics has released stream2Cloud, a software only network monitoring and traffic storage solution that can be used across multiple sites and provides access to real-time enterprise analytics. The solution is based on tried and tested Velocimetrics technology, such as network traffic capture protocol decoders developed for real-time analytics. It can be integrated with Velocimetrics’ VMX…
Options Sets Targets Following Investment from Private Equity Firm Abry Partners
Options Technology, a provider of cloud-enabled managed services, plans to accelerate growth strategy, pursue strategic M&A targets, invest in its technology platform and expand its reach to key global financial centres following ‘significant growth investment’ from Boston-based private equity firm Abry Partners. Details of the investment were not disclosed. Founded in 1989, Abry is a…
Rimes Technologies: Will They or Won’t They Sell?
Rimes Technologies won’t comment on a media report that it’s for sale. But a recent news item – published, surprisingly, by Dow Jones’ Barron’s investor newspaper – has sparked speculation on possible acquirers of this benchmark and reference data services provider. Industry executives contacted by Data Management Insight suggest that Rimes could garner interest from…
Clearpool Aims to Democratise Electronic Trading with Algo Management System
Clearpool, a New York based provider of electronic trading solutions, is building out technology designed to democratise electronic trading through the provision of transparency, trust and control. The company’s flagship product is Algorithmic Management System (AMS), which allows all brokers, large and small, to access algorithms that can help them compete on a level playing…
genesis Plans Further Development of Low-code Application Platform with Second Funding Round
genesis, provider of a low-code application platform built for capital markets, has closed a second funding round of $1.8 million. The funding will be invested in further development of the platform’s core technology, sales and marketing, with the aim of positioning genesis as a leading low-code platform for capital markets software development. The company has…