Murex Collaborates with Gulf Bank to Launch MX.3 Treasury Management System

Paris-based technology vendor Murex has launched the MX.3 treasury management platform with Gulf Bank of Kuwait, to allow the bank to develop and automate its treasury and capital markets systems, and to enable seamless workflow across front-to-back-to-risk management and processing.

The platform will enable Gulf Bank’s Treasury Department to benefit from synergies in connected functions, organisation modelling, trade repository, workflow dashboards, in-depth reporting, automated triggers, and real-time monitoring of positions and risks. The new system will also help the bank improve efficiency, reduce costs, and instil greater control over trade aspects, from initiation to final matching.

Chronicle FIX Engine Deployed at ‘Leading North American Stock Exchange’

Low-latency technology solutions vendor Chronicle Software has deployed its FIX engine at a leading North American stock exchange, to provide low-latency connectivity to the exchange’s clients. The unidentified exchange cited Chronicle’s superior engine performance, microsecond latency and differentiated commercial model as reasons for working with the vendor. As part of the deal, the exchange has access to source code, enabling it to create and maintain a high throughput, performant and scalable FIX engine tailored to its exact requirements. The deployed solution is built on the Chronicle industry library and supports all versions of FIX.

Santander Bank Polska Deploys Horizon for Market Making on Warsaw Stock Exchange

Santander Bank Polska, one of the largest financial institutions in Poland, has deployed Horizon Software for its market-making activities on the Warsaw Stock Exchange (WSE). The partnership gives Santander the tools and technology for both quoting and hedging, and covers a range of asset classes, including equities, equity futures and index futures on the WSE. The deployment provides clients who trade on WSE with a single cross-asset, algo-powered platform for both principal and agency trading, providing efficient access to the market and allowing clients to obtain an accurate monitoring of positions, according to the company.

GoDoFX Selects Integral MarginFX to Support Growth of FX and CFD Business

FX technology provider Integral has been chosen by fledgling UAE-based retail brokerage GoDoFX, to support the growth of its FX and CFD business in the region. GoDoFX, founded earlier this year, selected Integral for its institutional-grade technology, which provides a high degree of customisation around trading workflows, seamless connection to the market through MT4, and sophisticated pricing and risk management. Deployed in an interoperable cloud-based environment, Integral’s MarginFX will enable GoDoFX to rapidly design workflow and to deliver tailored and personalised offerings to its customers.

TORA Integrates Glimpse Fixed Income Data Sharing Platform

Cloud-based front-to-back office technology provider TORA, has integrated the Glimpse Markets data sharing platform for fixed income into its order and execution management system (OEMS), enabling TORA’s OEMS users to seamlessly view Glimpse’s aggregated buy-side execution data at point of trade. The integration aims to give the buy-side more control and visibility.

Clients can also choose to contribute their trading data from TORA’s OEMS to Glimpse, thus receiving a ‘data dividend’ for the information that they contribute, based on the number of trades and total volume. TORA’s OEMS provides bond traders with access to advanced trading functionality, and Glimpse Markets provides the buy-side with a post-trade data-sharing service for bond investors.

MEMX Selects Beeks for Latency Monitoring of New Exchange

Members Exchange (MEMX), an emerging US equities exchange, has selected Beeks, a UK-based trading connectivity and infrastructure specialist, for latency monitoring, following a competitive review of packet capture, latency and analytics solutions. As a new technology-driven stock exchange, MEMX had no legacy systems to integrate and no pre-conceived bias towards any particular solution. During the assessment and evaluation phase, MEMX focused on two key areas; high fidelity data capture and the ability to provide insights regarding functions critical to their technology stack.

The Beeks solution will allow MEMX to handle expected data rates, including microbursts, with scale to support the exchange’s growth projections. The solution enables MEMX to capture traffic on its systems with zero data loss, and provides analysis tools that support the exchange’s core engineering effort to achieve a fast, deterministic and fair experience for its clients. The ability to deploy on its own hardware will allow MEMX to manage the architecture and scale the solution to meet its performance and capacity objectives.

GroupAma Successfully Executes First Trade on Wave Lab’s eLISA OEMS

Credit execution solution startup Wave Labs has successfully executed the first live trade on eLISA, its Electronic Liquidity Seeking Application, with Groupama Asset Management, in coordination with Bank of America Merrill Lynch and Morgan Stanley.

eLiSA is a fixed income order and execution management system (OEMS) that aims to empower true holders of fixed income liquidity to transition from an intermediary-driven to a liquidity-driven market structure. It utilises cloud-based APIs to route orders and complete trades, while also offering pre- and post-trade analytics. The trading exercise with GroupAma AM was conducted as part Wave Labs’ production readiness process for eLISA, with several more validation points scheduled for the next few months with other major buy-side firms.

Pico Creates Chinese Entity in Shanghai to Strengthen Its APAC Presence

Trading technology provider Pico has extended the reach of its global offering with the formation of a wholly foreign-owned enterprise (WFOE) in China, British Commercial Pico (Shanghai) Information Technology Co., Ltd.

Located within proximity to the Shanghai Stock Exchange (SSE) data centre, and supported by local engineering and data centre management expertise, the new enterprise will initially provide proximity hosting and fulfilment services in Shanghai and Shenzhen for non-exchange members looking to access the Chinese market, as well as market data via its colocation facility in the Hong Kong Exchanges & Clearing (HKEX) data centre.

This marks the latest chapter of Pico’s growth in the APAC region, following new colocations in Taiwan and the Republic of Korea in 2020, and further expansion in Japan, where the company now offers ultra-low latency access to the Japanese stock exchanges’ JPX colocation ecosystem. Pico has also added market data from the Shanghai and Shenzhen stock exchanges to its market coverage.

MasterLink Selects SIGTech to Drive Systematic Trading in US, Asian Equities

MasterLink Securities, one of Taiwan’s two leading securities dealers, has selected quant trading platform SIGTech to accelerate research and trading for its North American and Asian equities business. SIGTech will facilitate the onboarding and normalising of new datasets to help build and launch new systematic trading strategies for the firm.

Launched in 2019, SIGTech is now used by fund managers with a combined AUM of $373 billion. MasterLink cited the ability to respond more quickly to changing market dynamics as one of the main reasons it chose SIGTech, and completed its integration in less than two weeks, enabling portfolio managers to begin researching and backtesting new strategies within days.

KeyBank Goes Live with SmartStream’s Cloud Collateral Management Solution

US-based KeyBank has deployed transaction management solutions vendor SmartStream Technologies’ TLM Collateral Management OnDemand solution to handle margining for its cleared and non-cleared OTC derivatives, repos and securities lending business.

The cloud-based solution is now live and is helping to streamline efficiencies within KeyBank’s collateral management operations, handling data capture, validation, calculation and processing. The use of APIs links the application to other reporting solutions and downstream systems, and a management dashboard provides trend analysis and decision-making capabilities, enabling the bank to further improve and automate operational and credit risk strategies, and reduce internal infrastructure and support costs.