TradingTech Insight OMS, EMS & SOR The latest content from across the platform

OpenFin Offers Low-cost OS to Start-ups and Initiates Services Framework

OpenFin continues to build out its interoperable financial desktop with the offer of its Enterprise Edition OpenFin operating system at a ‘dramatically’ reduced rate for early stage fintechs and start-ups. The initiative is designed to allow emerging businesses to build applications on the OpenFin OS alongside larger players, accelerating innovation and collaboration, and delivering additional…

Bloomberg Plans to Withdraw SSEOMS and Exit the Equities OMS Market

Bloomberg is planning to withdraw its Sell-Side Execution and Order Management Solutions (SSEOMS) and pull out of the equities OMS market, although it will continue to focus on other customer priority areas in equity markets where it has strong offerings. The company has declined to provide details of its decision to quit the equities OMS…

FlexTrade Hires to Build Sell-Side OMS Strength in EMEA

FlexTrade, a provider of cross-asset execution and order management systems (EOMS), has appointed Lak Loi and Vahid Shirani as co-heads of sell-side OMS business development for the EMEA region. Both Loi and Shirani come to FlexTrade with more than 25 years of combined experience in equities and derivatives trading technology. Since 1997, Loi has worked…

HPR Reaches Goal of Delivering a Consolidated View of Real-Time Global Trading Risk with CRM-X

HPR – aka Hyannis Port Research – has reached the goal of a consolidated view of global trading risk across equities markets with CRM-X, the latest version of its Central Risk Manager (CRM), which supports a regional view of trading risk. CRM-X acts as a manager of managers and can be positioned anywhere to parent…

FlexTrade Partners Goldman Sachs to Provide IOI Liquidity Directly from the Trading Blotter

FlexTrade Systems has partnered Goldman Sachs to release an extension of the latter’s indications of interest (IOI) functionality in the FlexTRADER execution management system (EMS). The functionality adds IOI profiling and analysis to FlexIOI, a framework for IOI distribution embedded in the EMS and providing interaction with IOI liquidity directly from the trading blotter. Traders…

Liquidnet Adds Ecosystem Pro Multi-Order Execution Solution

Liquidnet has expanded its Execution Ecosystem with the release of Ecosystem Pro, an intelligent workflow and blotter management tool designed to help buy-side traders analyse, monitor and automate execution strategies across multiple symbols simultaneously in the Execution Ecosystem. The ecosystem complements Liquidnet’s institutional liquidity pool by providing customisable trader intelligence tools to manage and course…

Glue42 Adds Apps to Desktop Interoperability Ecosystem

Glue42 has expanded its desktop interoperability ecosystem with the addition of independent software vendors Adaptable Tools and BCC Group, and service provider Norman & Sons. The providers are offering their services via the Glue42 platform that uses the FINOS FDC3 open standard to provide a seamless user interface and data integration between desktop apps. Adaptable…

Broadway Acquisition of Barracuda FX Expands Product Suite

Broadway Technology plans to deliver multi-asset solutions across more parts of the investment lifecycle and help clients automate additional workflows following its acquisition of Barracuda FX. The company, a provider of high-performance fixed income and foreign exchange solutions, has taken on the full Barracuda FX team and will operate the company independently under the auspices…

FlexTrade Partners OpenFin for Desktop Interoperability

FlexTrade is the latest application vendor to partner OpenFin. The partnership will provide buy-side traders with interoperability and improved workflows between the FlexTrader execution management system, FlexNow cloud-based trading system and other OpenFin third-party applications. The company has also joined the Financial Desktop Connectivity and Collaboration Consortium, FDC3, that was founded by OpenFin in 2017…

SEC Rule 606 Features Highly at FIX Americas Conference

The imminent adoption of amendments to SEC Rule 606 was high on the list of hot topics when electronic trading professionals met at the FIX Americas conference in New York this week. And while speakers, panellists and delegates acknowledged the initiative represents a significant challenge in terms of technology resource, most said they believed the…