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Virtu Financial Offers Outsourced Trading Solution with Execution Concierge Service

Virtu Financial, a provider of liquidity, execution services, data, analytics and connectivity, has extended its capabilities to meet growing market interest in outsourcing elements of trading. The resulting Execution Concierge Service (ECS) is initially available in the US. The service builds on the company’s acquisition of ITG in March 2019, which added agency solutions and…

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…

New Change FX Joins IOWA.rocks Financial Data Marketplace

New Change FX (NCFX), a data and analytics business, has joined the financial data marketplace operated by IOWA.rocks. NCFX allows market participants requiring objective trade cost measurement capabilities to quickly calculate all related expenses against a recognised and registered independent data feed. NCFX is ESMA approved and FCA authorised administrator of live spot FX benchmarks…

Pico Refits Jersey Network with Optical Dark Fibre, Adds Corvil Performance Monitoring

Pico is pushing on with its global expansion plan and taking advantage of its acquisition of Corvil with a refit of its Jersey network and the deployment of Corvil network performance monitoring and analytics on top of the network. The new network, the company’s latest investment in its PicoNet proprietary global financial markets network, is…

genesis offers Platform-as-a-Service for Low Code Application Development

genesis has expanded its microservices-based infrastructure with business components and a set of tools to deliver genesis platform, a low code application development platform designed for capital markets and able to produce robust, secure products and solutions at unprecedented speed by radically reducing coding. The genesis platform is designed to helps clients address highly complex…

big xyt Addresses Gap in Market After Closure of Fidessa Fragulator with XYT View

Reflecting the ever increasing problem of fragmented market data, big xyt, a provider of market data analytics, has released XYT View, an aggregated view of data that firms can use to ensure they are achieving the best possible outcomes for themselves and their clients. XYT View is a web-based tool that allows the trading community…

SS&C Expands Risk Analytics with Agreement to Buy Algorithmics’ Assets from IBM

SS&C Technologies has reached a definitive agreement to acquire certain Algorithmics’ and related assets from IBM. The addition of Algorithmics, a provider of risk analytics products and capital management solutions, will extend SS&C’s risk analytics and regulatory offering by adding over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker…

Broadridge Releases Cloud-based Data Control Solution Set

Broadridge Financial Solutions has released a cloud-based data control solution set designed to help financial firms address the operational challenges of managing the lifecycle of transaction data. The solution set combines Broadridge’s reconciliation and matching solution with enhanced data analytics, multi-bank connectivity and flexible financial messaging. The aim of the solutions is to provide an…

Moody’s Names Senior Executives

Moody’s Corporation has named Robert Fauber, currently president of Moody’s Investors Service (MIS), to the new role of chief operating officer of Moody’s Corporation. Fauber will drive the company’s strategic initiatives to maximize the company’s strengths and position it for the next stage of growth. Moody’s has also named Michael West to succeed Fauber as…

Best Execution: Putting your Worst Foot Forward?

By Justin Lyon, Founder and CEO of Simudyne. Increased regulatory pressure has raised the bar for both sell-side brokers and investment managers. In Europe, MiFID II increased responsibility on sell-side firms, with the directive ratcheting up the prevention, detection and containment of algorithms that might behave in an unintended manner and contribute to disorderly trading…