TradingTech Insight Brief
IPC and Newsquawk Partner to Launch Connexus Broadcast, for Real-Time Audio Market Data
IPC, the communications and multi-cloud connectivity solutions provider, and Newsquawk, the multi-asset audio market data service, have partnered to launch Connexus® Broadcast, which monitors and reports data and news from hundreds of mainstream and social media sources, and provides audio market data feeds as a real-time stream through IPC’s Connexus Cloud.
The new Connexus Broadcast service is designed to support traders, asset managers, brokers, and risk and compliance teams.
Taskize Network Reaches Milestone of 500 Financial Institutions
Taskize, the provider of inter-company workflow to the financial services industry, has achieved a significant milestone with 500 financial institutions now live on the company’s network, almost double the 289 companies in January 2021.
The global, web-based platform allows firms to more efficiently manage operational issues across counterparties as well as internally within their organisation. The recent growth of the network is attributed to the wave of new regulations and industry initiatives, such as T+1 settlement, which have created an increased need for faster and more efficient resolution of settlement breaks and margin disputes.
APG Chooses FlexTrade for Multi-Asset Execution Management
Multi-asset execution and order management systems vendor FlexTrade has been selected by APG Asset Management, to consolidate and streamline its multi-asset execution management capabilities. APG identified the need to overhaul its execution management operations as part of a broader front office transformation initiative, and following a successful proof of concept, selected FlexTRADER EMS as the optimal solution to handle the trading of equities, fixed income and foreign exchange from a single platform.
APG will leverage FlexTRADER EMS to create customisable workflows and provide its trading teams in the Netherlands, Hong Kong, and the US with a consistent set of data, tools, and interface to improve trading efficiency.
Digital Securities Exchange ECXX Selects OneTick Trade Surveillance
OneMarketData, the tick data management and analytics vendor, has signed ECXX, an asset-based digital securities exchange, as a customer for its OneTick Trade Surveillance product.
ECXX is an exchange platform allowing both professional traders and accredited investors to buy and sell digital assets, aiming to deliver trustable and secured digital asset trading services with high liquidity. By deploying OneTick, ECXX will look to benefit from the same technology that leading traditional exchanges use to meet the most complex and stringent global regulatory requirements.
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.