TradingTech Insight Brief
Robeco Goes Live with Goldman Sachs Pre-Trade Analytics on FlexTRADER EMS
Execution and order management systems vendor FlexTRADE has announced that asset manager Robeco in now running Goldman Sachs pre-trade cluster analytics and market impact estimates within FlexTRADER EMS. The move is designed to optimise the support for Robeco’s best execution obligations.
With this integration, Robeco’s trading teams using FlexTRADER EMS can seamlessly access and view Goldman Sachs’ pre-trade analytics as actionable intelligence embedded within their order blotter, to adjust their trading style and strategy based on intra-day, trading-related information. They can also set parameters and apply dynamic rules to automate and streamline workflows to improve efficiency.
Parameta Solutions Partners with BT Radianz to Offer Real-Time Market Data via SURFIX
Parameta Solutions, the data and analytics division of global inter-dealer broker TP ICAP, has announced that BT Radianz will now carry its SURFIX feed via the BT Radianz Cloud. SURFIX provides all TP ICAP market data in real time via a single, consolidated API feed rather than through multiple different feeds. The data encompasses the Tullet Prebon, ICAP and PVM brands and includes data sets covering Rates, FX, Money Markets, Energy & Commodities and other market data.
BT Radianz Cloud members can now choose to consume SURFIX via their Radianz connections, reducing the time taken to set up access to the consolidated TP ICAP market data feed.
TNS Launches Managed Hosting & Colocation Access in Madrid
Transaction Network Services (TNS) has launched its Managed Hosting and Colocation offering in Madrid, targeting financial market participants looking to access Spain’s principal stock exchange, Bolsas y Mercados Españoles (BME). The deployment in Spain becomes TNS’s third Managed Hosting and Colocation venue in mainland Europe, following Frankfurt and Bergamo.
The combination of colocation with BME and ultra-low latency Layer 1 connectivity inside the data centre will enable firms to access execution speeds that are up to 10 times faster than traditional Layer 3 architectures, according to the company.
Paramata Solutons Becomes FCA-Authorised Benchmark Administrator
Parameta Solutions, the Data & Analytics division of TP ICAP, has become the first FCA- authorised interdealer-broker to administer OTC benchmarks and indices. The company also takes over administration of the nine TP ICAP mid-price interest rate swaps benchmarks that were previously administered by Moorgate Benchmarks Ltd.
As a benchmark administrator, Parameta will look to create future benchmarks & indices, specifically focused on the ESG and rates space, aiming to increase transparency for clients, and to help them accurately compare their performance against asset allocation strategies.
Kepler Cheuvreux and BMLL Collaborate for Order Book Analytics an Algo Development
Data and analytics provider BMLL has announced a collaboration with financial services company Kepler Cheuvreux. BMLL will provide Kepler Cheuvreux’s Quant Research and Algo Development Teams with access to the BMLL Data Lab and granular Level 3 Data, to carry out in-depth order book analytics and optimise algo performance.
Through the collaboration, Kepler Cheuvreux’s Quant Researchers will spend more of their time generating order book research rather than cleansing and harmonising data sets. In tandem, the Algo Development Team will gain access to granular Level 3 data, to backtest trading strategies and improve algo development.
OSTTRA Launches Repo Confirmation Service Powered by MarkitWire
OSTTRA, the post-trade solutions company formed in 2021 through the combination of MarkitServ, Traiana, TriOptima and Reset, has launched OSTTRA Trade Processing for Repos, powered by MarkitWire, the electronic trade confirmation and processing platform. The new service will establish a set of industry-standard electronic workflows for Repo trade confirmation and lifecycle event management, built on MarkitWire’s global network.
With the Interest Rate and Repo markets coming closer together as a result of the transition to risk free rates, OSTTRA aims to harmonise the post-trade processing of both asset classes by bringing them together on MarkitWire.
Sagard NewGen Acquires Majority Stake in Horizon Software
Following the announcement earlier this year that electronic trading solutions provider Horizon had entered into exclusive negotiations with investment company Sagard NewGen, Sagard NewGen has now acquired a majority stake in the firm, alongside a management buy-out, to support expansion into new markets and strategic capabilities.
With the new investment, Horizon will focus on expanding its Trading-as-a-Service offering, bringing together agency trading and market making on one platform, and on scaling up its asset class coverage to include digital assets. The company also plans to open additional offices in Singapore and Dubai.
Iress Helps Kepler Cheuvreux Optimise Trading Outcomes
Financial technology provider Iress has helped its client Kepler Cheuvreux to improve trading outcomes in its first full year or use. Iress is now Kepler Cheuvreux’s unique market data provider for all front-office applications, delivering the high-performance API data feeds that power the Kepler Cheuvreux ecosystem.
Kepler Chevreux’s recent review of Iress’ performance highlighted a number of improvements to trading and business outcomes, including improving the firm’s hit rate for smart order routers to 97-99% on most UK-based venues, and delivering additional insights that help Kepler evaluate and predict market movements.
Johannesburg Stock Exchange Collaborates with big xyt to Launch New Equity Market Data Analytics Platform
The Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, has deployed a new information service, JSE Trade Explorer, in collaboration with data and analytics solutions vendor big xyt. Using peer group rankings, the service will enable firms that trade on JSE to explore their market share, examine how they interact with the order book, and view their trading performance.
The offering will be delivered directly to trading participants of the exchange’s cash equity and ETF markets under a white labelling arrangement. As the tools are fully hosted and web-based, the new service is accessible without the need for IT integration or support by end users.
TNS Goes Live with Managed Level 1 Access in Bergamo IT3 Data Centre
Transaction Network Services (TNS), the infrastructure, connectivity, market data and analytic services provider, has leveraged its Layer 1 switching solution to deliver ultra-low latency mutualised market access and network connectivity to the Aruba Global Data Centre IT3 in Bergamo, Italy, in readiness for Euronext’s planned go-live in June.
The company has announced that operations now live in IT3, and that it has seamlessly moved trading operations from Basildon to Bergamo for both existing and new customers, who can now directly access the Euronext exchange matching engine.