TradingTech Insight Data Centres, Connectivity & Colo (KH) The latest content from across the platform

DXC Technology Spins Off Fixnetix to Options Technology

Almost four years after inheriting the company as part of its 2017 acquisition of CSC, DXT Technology has spun off capital markets infrastructure specialist Fixnetix in a sale to erstwhile rival Options Technology. Terms weren’t disclosed. The transaction – which is expected to close in the first half of this year – marks a full…

The Composable Enterprise and Desktop Integration

By James Wooster, COO, Glue42. The starting point for this piece was a statistic buried within a report on the UK Contact Centre market[1]. It stated, on page 138, that across all industries, including Capital Markets, the cost of users navigating themselves within and between applications was estimated to be in excess of £4.3 billion…

Pico Closes $135 Million Series C with Eye on Strategic Acquisitions

Pico’s addition of Intel Capital as a new investor – announced last week – completes the trading infrastructure specialist’s $135 million Series C investment round, setting in place the foundation for its next phase of growth. Encouraged by the success of its 2018 purchase of Corvil, Pico intends spending at least some of that cash…

Beeks’ Colocation-as-a-Service Offers Agile Test Access to SGX

Beeks Group’s Colocation-as-a-Service (CaaS) collaboration with the Singapore Exchange (SGX), announced last week, offers market participants rapid access to high-speed connectivity without a major financial or contractual commitment. The facility allows firms to test new approaches and products, using on-demand virtual machine (VM) access, then easily shift to a bare-metal production environment should the test…

Electronification in Fixed Income – Where is it Headed?

By Mike O’Hara, Special Correspondent. As we approach the third anniversary of its implementation date, the impact of the EU’s MiFID II continues to be felt around the world as global players adopt key measures as a form of best practice. Part of its wide remit to recast the mould for European institutional financial markets…

A-Team Group Introduces 2021 Innovation Awards

Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The…

QuantHouse Boosts Backbone Capacity to 100G Using Arista

Iress’s QuantHouse market data and infrastructure subsidiary has upgraded its data centre backbone connections globally to 100 Gigabit capacity to address the rigours of the ongoing market volatility. The upgrade is part of a wider infrastructure enhancement aimed at meeting three business objectives designed to enhance performance and resilience while adding customer self-service capabilities. As…

Cloud-Delivered Market Data for Institutional Users – A Reality Check

By Mike O’Hara, Special Correspondent. Cloud-delivered market data was once ‘over my dead body’ territory for institutional market data managers, who understandably fretted aloud about performance, security and licence compliance issues. But Covid-19 has forced those same data managers to confront the fact that many of their professional market data users are able to work…

TNS Adds Infrastructure Monitoring Capability to Financial Extranet

US network operator Transaction Network Services (TNS) has added a performance and utilisation monitoring capability to its secure financial markets extranet. TNS Oculus allows the company’s financial markets clients to assess the performance of the TNS services they are using, see the status of connected devices and assign entitlements through a point of access. The…

LSE Adds TNS Low-Latency Connection in London as It Plans Data Centre Shift to Docklands

Transaction Network Services (TNS) has installed its ultra-low latency TNSXpress Layer 1 connectivity capability at the London Stock Exchange (LSE) colocation facility in the City of London. The implementation comes as the LSE is understood to be planning for a move to a new London data centre at the Telehouse facility on the Isle of…