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

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…

TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York

TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS. These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent…

Redline Expands Support for Canadian Equities

Redline Trading Solutions, a provider of order execution systems, is upgrading and building on its support for Canadian equities. Upgrade features include low-latency feed handlers for the Toronto Stock Exchange (TSX), Canadian Securities Exchange, Omega Nasdaq CXC, Nasdaq CX2, and Aequitas. John Hanna, global head of sales and field engineering at Redline, says the company…

FINOS Releases Version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium Standard

The Fintech Open Source Foundation (FINOS), a non-profit organisation promoting open innovation in financial services, has released version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard. Founded and contributed to by OpenFin, the initiative brings connectivity and standards to the financial industry’s desktop applications. Gabriele Columbro, executive director of FINOS, says: “The…