Tora, the order and execution management system vendor recently acquired by London Stock Exchange Group, has been selected by Higo Bank to upgrade their electronic equity trading operations. Higo cited Tora’s Japanese GUI, trade management and position monitoring tools, and a compliance engine set up for Japanese market regulations as key selection criteria. Higo was also keen to invest in a hosted environment platform to reduce their initial IT cost overhead, according to the company.
A-Team Insight Briefs
Higo Bank Selects Tora EMS for Equities Trading
Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to adapt to clients’ evolving needs around integration, speed and multi-asset capabilities. They are also challenged by a capital markets environment characterised by legacy systems, shrinking margins and increased regulatory scrutiny. While these problems cause considerable friction in...
Smart desktop technology provider Cosaic has forged a strategic partnership with buy-side technology consultants Reformis to help bring desktop interoperability to investment management firms by leveraging Cosaic’s Finsemble platform. Under the new partnership, Reformis will assist buy side firms with the implementation of desktop interoperability, using Finsemble as the underlying infrastructure. Finsemble is designed to...
Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.
The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...