TradingTech Insight Brief
interop.io Launches Desktop Interoperability Maturity Model
Interoperability provider interop.io has released its desktop interoperability maturity model, a framework that helps financial institutions progress desktop interoperability through workflow and UI integration. The model defines a pathway to optimising business processes, uncovering data-driven insights, and reducing operational risk. Developers can expect to reduce development, testing, and release times by 50%, according to the company.
Practical benefits are expected to include better client service, better user experience, and demonstrable ROI from improved efficiency and effectiveness and reduced error rates. As well as evaluating their own interop maturity, firms can select the most suitable application provider based on their interop maturity level. Software vendors can better understand their customers’ interop goals, and system integrators can rely on the model for a clear path and milestones for their clients’ digital transformation projects.
TNS Offers Colocation at B3, Brazil’s Largest Stock Exchange
Transaction Network Services (TNS) has established colocation services with B3 S.A., Brazil’s largest stock exchange and the world’s third largest derivatives exchange, based in Sao Paulo. This strategic move not only strengthens TNS’s offerings but also positions it as a key player in connecting global markets with Brazil’s financial trading systems. The partnership provides TNS’s clients with managed hosting, market data, and direct exchange access through its Layer 1 ultra low latency network, enabling efficient trading across various asset classes.
The initiative responds to the growing demand at B3 and opens up new trading avenues for international investors, particularly those from the US and Europe, seeking low-latency connectivity. It underscores TNS’s dedication to expanding its services within the Brazilian market, building on the previous launch of market data access at the exchange in 2021.
TNS Acquires West Highland Support Services
Transaction Network Services (TNS) has acquired Danbury, CT-based market data solutions provider West Highland Support Services for an undisclosed sum. The combination of TNS and West Highland services into a single trading infrastructure stack and an integrated offering, will offer connectivity, monitoring and consulting to professional traders, institutions and financial services vendors worldwide.
The acquisition aims to reduce cost and complexity for TNS clients across every element of their market data estate, including hosting, connectivity, middleware distribution, data usage and incident management. All West Highland employees, products and services will integrate into TNS.
IPC Enhances Trading Network with Connectivity to Europe’s Leading Derivatives Exchange
Trading solutions and infrastructure provider IPC has expanded its network by integrating a leading European derivatives exchange into its Connexus Extranet platform, enabling customers to access a wide range of market data across multiple asset classes. Firms requiring ultra-low latency data delivery and distribution can also also co-locate within IPC’s Equinix FR2 data centre facilities.
The expanded connectivity comes in. the wake of IPC’s recently announced partnership with Celoxica to deliver an FPGA-powered low latency normalised multi-venue and multi-asset market data service through a single API, in fully hosted collocated or customer-specified data centre locations.
Amberdata Integrates with Google Cloud’s Analytics Hub for Digital Asset Data Access
Amberdata, the digital asset data and analytics provider, has partnered with Google Cloud, to offer its crypto market, blockchain, and DeFi datasets via Google Cloud’s Analytics Hub. The integration aims to enable institutional customers to manage data more easily, and gain actionable insights for applications in research, trading, and compliance, leveraging their preferred visualization tools.
Google Cloud’s Analytics Hub will host Amberdata’s datasets, enhancing data exchange capabilities and ensuring security. This move allows users to merge Amberdata’s digital asset data with Google Cloud’s AI, ML, and analytics tools. The platform offers sample data from Amberdata at no cost, with full historical datasets also available.
XFA Partners with Genesis Global to Automate FLEX Options Quoting
Execution broker X-Change Financial Access (XFA) and Genesis Global, the low-code application development platform vendor, have partnered to introduce FLEX-FA, a new solution designed to automate the quoting process for flexible exchange options (FLEX options). This new platform significantly improves the speed and efficiency of quoting by standardising and automating request-for-quote (RFQ) processes, aiming to enhance liquidity and provide better price execution for end users.
Developed in just two months, FLEX-FA is powered by a Genesis-built FIX message hub and RFQ workflow manager, allowing XFA to electronically send RFQs to multiple market makers and aggregate their responses.
Stratos Group Launches Multi-Asset Trading Platform Tradu
Stratos Group International, a wholly owned subsidiary of Jefferies Financial Group, has launched Tradu, a multi-asset trading platform aimed at retail traders and investors. The new platform offers trading in listed equities, cryptocurrency markets and CFD trading, with the ability to apply leverage on stocks, indices, commodities, forex and cryptocurrencies. In addition to multi-asset trading, Tradu’s eWallet provides clients with a virtual and physical debit card as well as seamless transfers between trading and eWallet accounts.
Stratos also operates FXCM, an FX and CFD platform founded in 2001. Stratos will continue to offer FXCM services alongside the new Tradu multi-asset platform.
Grupo Financiero Banorte Integrates Murex MX.3 Platform to Enhance FX Derivatives Trading
Mexican bank Grupo Financiero Banorte has upgraded its FX derivatives trading services for corporate clients by integrating Murex’s MX.3 platform, as part of its digitalisation strategy. This enhancement allows clients to execute FX derivatives transactions through the bank’s internal portal, Cambios Banorte en Línea (CBL), with the support of MX.3’s self-service functionality.
The implementation of MX.3 aims to streamline Banorte’s trading operations by reducing manual interventions and has led to a 38 percent reduction in person-hours for related tasks. The collaboration between Banorte and Murex, spanning over a decade, has involved continual expansion and optimization of the MX.3 platform’s use in the bank’s operations, recently including the creation of a new XVA desk and updated risk management systems.
CQG Announces Senior Executives’ Buyout; Continues Growth Under New Leadership
CQG, the financial markets technology solutions provider, has announced a significant ownership change with its senior executives set to acquire the company. The buyout marks a new chapter for CQG, which has been owned by founder Tim Mather since its inception in 1980. The details of the transaction, expected to finalise this month, have not been publicly disclosed. This transition occurs under the leadership of CEO Ryan Moroney, who took the helm in 2021 after serving as President since 2017.
CQG has experienced substantial growth in recent years, bolstered by new strategic partnerships, expansion of product offerings, and increased market connectivity. Established in 1980, the company has evolved from offering front-end trading software in the U.S. to a global presence, expanding to Europe in 1988 and Asia in 1998.
Genesis Global Unveils Genesis Platform Version 7, Accelerating Software Development
Genesis Global has launched Genesis Platform version 7 (G7), a significant update to its low-code application development platform for the financial markets sector, introducing multiple enhancements aimed at streamlining the development process. G7 focuses on enabling quicker and more efficient building, testing, and deployment of robust full-stack applications, particularly beneficial for developers in banking, asset management, and other financial firms.
The key improvements – designed to facilitate high-performance transaction processing, event-driven workflows, real-time data integration, and customized user experiences – include accelerated development of full-stack applications, enhanced user interface design capabilities, better integration within enterprise technology ecosystems, and improved access to training tools and support.