TradingTech Insight Brief
MoonX Releases Super-Fast Trading Technology in UK
MoonX has released its trading technology in the UK, offering software and hardware systems, including blockchain technology, to exchanges, brokerages, hedge funds, financial institutions and traders. It claims the world’s fastest exchange software, matching 25 million transactions per second and processing one order in 6 nano seconds, with processing speed delivered by patent pending matching engine technology that produces computational and processing speed advantages the company says have never previously been achieved. The exchange is built with enterprise-grade security, is hosted on physical servers, and uses AI, facial and mood recognition technology to exceed two-factor authentication.
Tradeteq Partners with Wroclaw University to Boost AI capabilities for Supply Chain Credit Analysis
Tradeteq, an electronic trading platform for institutional trade finance investors, has partnered with researchers at Wroclaw University of Science and Technology (WUST) to explore and develop new models for data analysis using artificial intelligence (AI). Tradeteq has developed an advanced credit-scoring model for SMEs and corporations that uses machine learning tools to apply an evidence-based credit score for each company. The six-month collaboration with WUST’s Computer Science department, led by Dr Tomasz Kajdanowicz, will explore how company and trade flow data can be better analysed to improve supply chain credit analysis.
Refinitiv and NRI Go-live with Automated International Post-Trade Brokerage Processing
Refinitiv and Nomura Research Institute (NRI) have finally completed and taken live the software integration of NRI’s I-STAR/GX software platform into Refinitiv’s BETA wealth management brokerage processing platform, first mooted in the firms’ strategic partnership announced back in 2018. The partnership enables global diversification for Refinitiv’s retail and institutional clients, providing wealth management firms with automated settlement and straight-through processing of trades executed across all markets. I-STAR/GX allows these processes through a high-volume solution with single-stock record across all asset classes and markets, and real-time updates of intra-day transaction status changes across the settlement lifecycle.
FCA Authorises Bloomberg Index Services as a Regulated Benchmark Administrator
The UK Financial Conduct Authority (FCA) has authorised Bloomberg Index Services Limited (BISL) as a regulated UK benchmark administrator under the European Union Benchmark Regulation. BISL has conducted index administration since 2014, including serving as the administrator of the Bloomberg Barclays fixed income indices. In addition, it administers the Bloomberg Commodity Index, the UBS Bloomberg CMCI index, the Bloomberg AusBond family, Bloomberg’s BFIX, the Bloomberg Currency Indices and a number of strategy and custom index offerings.
IHS Markit Expands Global Dividend Forecasting Service
IHS Markit has doubled the number of companies covered by its Dividend Forecasting service. The expanded global service covers 28,000 stocks in more than 90 markets, providing up to five years of dividend forecast data for each stock covered and offering index providers, derivatives desks, asset managers and hedge funds with one of the broadest sets of dividend forecasts available. The model underpinning the expanded coverage was developed by the company’s data science team and includes machine learning, statistical modelling and time series analysis techniques that uncover patterns in multiple datasets and enable extended coverage of dividend forecasting.
TRG Screen Integrates Axon PEAR Information into FITS and INFOmatch
Following TRG Screen’s June 2019 acquisition of Axon and its PEAR (Policies, Explanations, Analytics, Repository) solution that consolidates exchange information including policies and pricing into a searchable online database, Axon says PEAR has reached coverage of over 250 markets and monitors over 650 documents and exchange notices daily. Over the past year, Axon has also added functionality to PEAR including vendor data notifications and comPEAR, which provides users with the ability to relate older versions of agreements with more recent iterations. TRG is working to integrate PEAR information into its FITS and INFOmatch spend management platforms.
TickSmith Works with Nasdaq Canada to Provide Analytics for Nasdaq Basic Canada
In an effort to make Canadian markets more accessible and affordable, Nasdaq Canada is working with TickSmith and its Marketplace Advanced Insights to provide information on how Nasdaq Basic Canada is working in the marketplace. Nasdaq Basic Canada allows users to consume Level 1 market data from Nasdaq CXC, CX2 and CXD trading books in a single market data feed. TickSmith provides Nasdaq Basic Canada analytics that allow users to track market activity by firm, trading venue, instrument, or any combination to evaluate market liquidity and understand at a granular level how the product is helping them achieve their goals.
FlexTrade Integrates MSCI Risk and Factor Analysis
FlexTrade Systems, a provider of multi-asset execution and order management systems, and Woodline Partners, a San Francisco-based investment firm, have integrated MSCI’s Barra real-time portfolio risk and factor analysis solutions into the FlexONE OEMS. The integration allows portfolio managers using FlexONE to model orders more efficiently and better understand pro forma risk before staging the order for trading. Additionally, risk managers using FlexONE’s pre-trade compliance engine can set thresholds to be observed in real time. For Woodline, the goal was to integrate factor analytics with institutional grade position, performance and trade management, which has been achieved.
TNS Reaches Connectivity, Hosting and Market Data Access Agreement with HKEX
Transaction Network Services (TNS) and Hong Kong Exchanges and Clearing (HKEX) have signed an agreement for connectivity, managed hosting and market data access giving market participants greater choice on how to trade with the HKEX. The agreement will provide local and international low latency connectivity to the exchange and between trading partners. TNS will offer traders managed hosting options at the HKEX data centre and will become an application service provider for HKEX equities and derivatives market data. The TNS offer will include market data feeds from the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange.
Horizon and ULTUMUS Extend Partnership with Dividend Forecast Data
Horizon Software, a provider of electronic trading solutions and algorithmic technology, and ULTUMUS, a provider of data services for index and ETF products, have extended their partnership to enable the pricing, sourcing and trading of ETFs with a comprehensive dividend dataset integrated within the Horizon trading platform. Aggregating and distributing additional ETF dividend forecasts data on top of index and reference data, all as a single source, is expected to benefit Horizon’s clients in terms of trading performance, flexibility and accuracy.