TradingTech Insight Brief
Volksbank Wien Completes SaaS ‘Lift-and-Shift’ Project with Murex
Volksbank Wien, the central entity of an association of Austrian banks, and Murex, the trading and risk solutions vendor, have completed the migration of Murex’s MX.3 from bank premises into a private cloud hosting environment. The ‘lift-and-shift’ project also included an upgrade to the latest MX.3 release.
In a nine-month project, Murex transferred the full MX.3 environment, including the database, customisations and interfaces, into the cloud hosting Murex SaaS, a move increasingly adopted by diverse clients to reduce their total cost of ownership, achieve quicker time to market, rationalize IT infrastructure and focus on their core business.
SMBC Nikko Securities Adopts smartTrade LiquidityFX
SMBC Nikko Securities has adopted LiquidityFX, the fully hosted and managed FX platform from smartTrade, the multi-asset electronic trading platform provider, to enhance its FX trading activities in Japan. The firm was looking for a digital platform with sophisticated workflows – which enable the streamlining of trading processes using APIs – to achieve operational and cost efficiencies.
LiquidityFX – an end-to-end solution with connectivity to over 130 liquidity providers – was selected. The platform enables aggregation, smart execution, risk management, order management, analytics, payments and multi-channel distribution, supporting a range of instruments including FX spot, forwards, swaps, NDFs and options.
DiffusionData Receives £1 Million Investment from NEDCF
DiffusionData, the real-time data streaming and messaging platform formerly known as Push Technology, has received a £1 million funding package from The North East Development Capital Fund (NEDCF). Supported by the European Regional Development Fund and managed by Maven Capital Partners, the investment will enable DiffusionData to continue with new product development and quality focus, to maintain and expand customer engagement and satisfaction with the brand and its suite of innovations.
The company will move into the Helix in the Core in Newcastle City Centre, and will open an engineering and testing hub creating 10 jobs in the region.
Horizon Software Announces Connectivity to Singapore Exchange
Horizon Software, the electronic trading and algorithmic technology solutions provider, has announced new direct connectivity to the Singapore Exchange (SGX Group), enabling clients to access and trade on multiple financial markets, make markets on exchange traded funds (ETFs) and hedge in a fast, efficient manner.
As an approved vendor by the exchange, Horizon Software had the first client go live on SGX Securities Trading in November 2022.
OSTTRA and FIA’s DMIST Establish Post-trade Data Standards for Exchange-Traded Derivatives
OSTTRA, the global post-trade solutions company and a member of the FIA’s Derivatives Market Institute for Standards (DMIST), is working with DMIST members to identify a data standard for post-trade processing of exchange traded derivatives (ETD).
The application of a common data standard is required to increase data quality, create operational efficiency, and reduce systemic risk by minimising breaks on trade date. OSTTRA and DMIST have been working with key industry participants to identify the data set required throughout the ETD post-trade workflow, from voice trade recaps to clearing broker booking confirmations.
Grupo Bursátil Mexicano Selects Integral for FX in Latin America
Mexico-based brokerage firm Grupo Bursátil Mexicano (GBM), has selected cloud-based SaaS FX technology from currency technology provider Integral, to empower its growth strategy in Mexico.
Integral’s FX technology solution will provide GBM with direct liquidity connectivity, a sophisticated pricing engine, and complete risk management capabilities, and will support GBM’s voice dealing and fully electronic workflows. As a result, GBM will be able to scale to service its growing customer base and address new market segments.
Iress Develops Feed Handler for Equiduct
Iress, the financial software company, has developed a new feed handler for pan-European retail exchange Equiduct’s Volume-weighted Best Bid and Offer (VBBO) market data feed, which will act as an alternative feed from traditional exchanges and consolidate 15 European markets, including Equiduct’s own central limit order book.
The new solution will be available with Iress’s QuantFeed and ConsolidatedFeed market data solutions and will provide pre-trade, real-time transparency for best execution services. The new feed-handler for VBBO was launched for end clients at the beginning of March 2023. Iress and Equiduct plan to co-promote the new solution to retail banks and retail brokerages across the UK and Continental Europe in the coming months.
DiffusionData Releases New Gateway Framework
Real-time data streaming and messaging solutions vendor DiffusionData (formerly known as Push Technology) has released its Gateway Framework 1.0, designed to facilitate easy integration between Diffusion and back-end data sources.
The Gateway Framework, which comes fully integrated with the Diffusion Management Console, provides a low code solution, where the application writer only needs to concentrate on the interactions with the external systems.
Trading Technologies and Bantix Technologies Partner to Provide QuikStrike Through TT Platform
Trading Technologies, provider of trading software, infrastructure and data solutions, has partnered with Bantix Technologies, an options software development company, to offer access to QuikStrike, Bantix’s options analysis software application, through the TT platform.
The QuikStrike interface will be accessible through TT via a single click, giving professional brokers and traders immediate access to options pricing, analytics and data retrieval, historical volatility tools, risk analysis, custom reporting and comprehensive market information.
LSEG Extends Yield Book Analytics Partnership with Citi
London Stock Exchange Group is to extend its long-standing Yield Book fixed income analytics partnership with Citi. The multi-year commitment aims to expand deep models, innovative analytics, and model infrastructure, providing clients with the necessary analytic tools to help manage and grow their businesses.
Yield Book provides analytics that enable market makers and institutional investors to perform analysis of their portfolios, benchmarks, trading decisions, historical performance, and risk, across a range of fixed income products, including governments, agencies, corporates, high yield, emerging markets, mortgages, ABS, CMBS, CMOs, and derivatives.