TradingTech Insight Brief
Trading Technologies Contracts SBI Thai Online to Distribute Platform
Trading Technologies International (TT) has contracted with SBI Thai Online, a Bangkok-based broker and subsidiary of SBI Group, to distribute the TT platform to its client base. The agreement will allow SBI Thai Online to provide international clients with access to the Thailand Futures Exchange (TFEX) via the exchange’s proprietary EMAPI API from within TFEX’s SET data centre in Bangkok. Clients will have access to TT platform’s full range of trading tools, including Autospreader, ADL and APIs.
Digital Asset Raises $35 Million Funding
Digital Asset, a distributed ledger technology solutions provider and creator of the open source DAML smart contract language, has raised more than $35 million in Series C funding from new and existing investors. The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million. The funds will be used to accelerate the adoption of DAML across multiple industries, expand the number and variety of DAML enabled partner products and fund new products designed to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping and production environment for DAML applications.
TNS Puts Hosting Solution into Interxion, ICE European Liquidity Centre, Equinix LD4 and FR2
Transaction Networks Services (TNS) has strengthened its European network by expanding its managed hosting solution, TNSXpress, at four key data centres in London, Slough, Basildon and Frankfurt. The solution uses the company’s ultra-low latency Layer 1 technology that offers trade executions 10 times faster than traditional Layer 3 architectures, and is available at the Interxion London data centre, ICE European Liquidity Centre in Basildon, Equinix LD4 data centre in Slough and Equinix FR2 data centre in Frankfurt. The solution enables traders to use TNS’ global point-of-presence footprint and on-net connections, which include more than 60 exchanges.
S&P Global Extends Knowledge of Emerging Technology with Acquisition of 451 Research
S&P Global, a provider of credit ratings, benchmarks and analytics, has acquired 451 Research, a privately-held research and advisory firm that provides intelligence, expertise and data covering high-growth emerging technology segments. 451 Research will be operated by S&P Global Market Intelligence, the S&P division that provides data, insights and powerful analytics to help navigate financial markets. The acquisition is expected to expand and strengthen S&P Global Market Intelligence’s research coverage, adding differentiated expertise and intelligence with comprehensive offerings in technologies such as artificial intelligence, internet of things, information security, data centres, cloud and devops.
Cboe Acquisition of EuroCCP Offers Potential for Equity Derivatives Trading
Cboe Global Markets has made a definitive agreement to acquire EuroCCP, a pan-European equities clearing house. The transaction will bring together two companies that champion competition, open access and clearing interoperability in Europe. Additionally, Cboe’s ownership of EuroCCP is expected to provide opportunity to pursue the development of equity derivatives trading and clearing capabilities in the region, subject to regulatory approvals. EuroCCP clears trades for 39 trading venues, which represent close to 95% of Europe’s equity landscape. The transaction is expected to close in the first half of 2020.
QuantHouse Adds DVeX Cash Cryptocurrency Data to API Ecosystem
DVeX, the electronic digital asset exchange operated by DV Chain, is working with QuantHouse to make its real-time and historical data for cash cryptocurrency pairs available through QuantHouse’s API. QuantHouse clients will be able to access market data from DVeX via the QuantFEED API. Streaming data will be disseminated through QuantHouse’s global fibre optic network, with historical data recorded in parallel at the feed handler level and made available via the QuantHouse private cloud. Clients that trade on DVeX can use QuantHouse’s QuantLINK network connectivity to route orders back to the exchange via DVeX’s proprietary FIX API.
McKay Brothers Adds Low-Latency Market Data Distribution in Mumbai
McKay Brothers International has expanded its low latency market data services to India. The company’s Quincy Extreme Data (QED) market data service now distributes select London Metals Exchange data at Mumbai’s Banda Kurla Complex (BKC) in less than 51 milliseconds one-way. In addition, McKay offers select Aurora, Illinois sourced metals, energy and FX futures data at BKC in less than 85 milliseconds one-way, which it claims is the lowest known commercial latency.
TT Adds Collocated Access to Thailand Futures Exchange
Trading Technologies (TT) continues to expand its global reach with the introduction of collocated execution and client connectivity services at the Thailand Futures Exchange (TFEX). This takes the TT trading platform into Thailand for the first time, providing TT’s global user base with direct market access to TFEX’s portfolio of listed derivatives, including futures, options and options on futures in certain equities, debt instruments, and commodities.
Financial Stability Board Publishes 2019 G-SIB List
The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs) using end-2018 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). One bank, Toronto Dominion, has been added to the list of G-SIBs that were identified in 2018, increasing the overall number from 29 to 30.
McKay Brothers Extends Low-latency Services in Asia
McKay Brothers has added connectivity at what it claims is the lowest known commercial latency between the @Tokyo-CC2 data centre and trading centres in Shanghai and Hong Kong. The procured hybrid microwave/fibre service between the Shanghai Futures Exchange data centre and @Tokyo-CC2 data centre takes less than 22.86 milliseconds round trip. Service between the HKEx data centre and @Tokyo-CC2 delivers data in less than 39.83 milliseconds round trip. Additionally, McKay recently improved the latency of its hybrid microwave/fibre service between the Singapore Exchange and @Tokyo-CC2