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CAT Builder Choice Marks End Of Years-Long Process

Spurred by the US Securities and Exchange Commission (SEC) approval of a national market system (NMS) plan in November, which includes creation of a consolidated audit trail (CAT), US securities exchanges chose Thesys Technologies, a New York-based trading technology provider with a focus on trading surveillance and big data functions already aimed at CAT functions….

Architecture, Performance Proved Key to Deutsche Börse Use of TBricks

Deutsche Börse’s implementation of the Tbricks derivatives pricing and alerting platform offered by Itiviti, a Stockholm-based capital markets technology provider, harnesses the platform’s architecture and performance strengths, said Rickard Davidsson, vice president of sales, EMEA, at Itiviti. “TBricks uses out-of-the-box functionality for its overall set-up — for pricing, volatility management, alerting, and standard monitoring functionality…

Fonetic Upgrades Automatic Trade Reconstruction Technology

Fonetic has extended its automatic trade reconstruction (ATR) solution to give compliance and surveillance officers more features and functionality to support the investigation of trades, detection of fraud and the ability to export an ATR timeline as a data file to a regulator. The company suggests the solution is well suited to the trade reconstruction…

Recorded Webinar: High performance market data management technologies

This webinar has passed, but you can view the recording here. The challenges and opportunities of managing market data using hardware acceleration, a deterministic approach to low latency connectivity and in-memory and other high speed databases. What are industry best practices for access to high-speed market information? How are firms using hardware acceleration? What is…

The CAT Controversy

By Kelvin To, founder and president of Data Boiler Technologies AutoCAD has been the de facto computer-aided design (CAD) program for engineers for so long that it’s like an acronym for anything that is professionally engineered, designed and created. In capital markets, the Securities and Exchange Commission (SEC) has adopted rule 613 to establish the…

Recorded Webinar: Countdown to MiFID II

This webinar has passed, but you can view the recording here. MiFID II is dominating trading technologists’ thoughts in 2016. What has been achieved so far and what is still to be done? What elements of the regulation are proving most difficult – perhaps algo testing, classification or surveillance? – and how are regulators responding?…

Talking Intelligent Trading with Andrew Delaney: The Emergence of the MiFID II Ecosystem

It’s back to school week and so we found ourselves back in town, hearing all about Colt’s new MiFID II Ecosystem, based around access points offered by its Colt PrizmNet financial extranet. The premise is relatively simple: why not use PrizmNet as the conduit to a range of MiFID II-relevant partner applications? At a function…

Everything You Need to Know About MiFID II

The deadline for MiFID II compliance has been delayed to January 2018, but it remains tight with firms continuing to implement projects that satisfy the directive’s rules on issues including regulated trading platforms, algo testing, high frequency trading and surveillance. There is also work to be done on record-keeping, voice recording, and trade reconstruction. And…

New Focus on Order Routing

By Dan Barnes Order routing technology is about to become considerably more important as regulators demand greater transparency over sell-side order routing and buy-side best execution obligations. “We’ve really seen this in terms of higher depth of reporting, with clients saying ‘Give me all the data you can give me and stream it in real…

The Role of Real-Time Surveillance in a World of Slow Enforcement

BATS Trading is fed up of being spoofed. On 18 February 2016, the alternative US exchange operator founded in 2005 by high-frequency trading guru Dave Cummings, asked US market regulator the Securities and Exchange Commission (SEC) to shorten the time it takes to suspend trading accounts of firms engaged in ‘spoofing’ and ‘layering’ (for BATS…