TradingTech Insight Data Centres, Connectivity & Colo (KH) The latest content from across the platform
Powering the Future: The Transformation of Renewable Energy Trading through Technology
In a world seeking effective climate action, the spotlight is increasingly focusing on renewable energy. However, within financial markets, the trading of instruments such as biofuels, voluntary carbon credits and power purchase agreements remains complex and opaque. Advances in technology can lead to more automation, standardisation and transparency, but questions remain. How do we ensure…
Obstacles to Cloud Adoption
By Mike Powell, CEO, Rapid Addition. We’ve already talked about what’s driving capital markets’ growing interest in cloud technologies, and discussed what the real world currently looks like, in earlier blogs (here, here and here). But practitioners accept that the journey to cloud isn’t entirely an easy one. Even for committed capital markets protagonists, cloud…
TNS Enhances European Backbone to Support Increased Market Data Volumes
Transaction Network Services (TNS) has upgraded its European backbone, increasing capacity to manage growing market data volumes from numerous exchanges throughout Europe. The network has been reengineered to ensure maximum uptime, resilience, data delivery, and to offer the lowest commercially available latency between significant European financial centres, such as London, Frankfurt, and Bergamo. Both primary…
Redefining Interoperability: Behind the Glue42 and Finsemble Merger
Introduction The competitive landscape in the field of desktop interoperability has long been dominated by three key players: Glue42, Finsemble, and OpenFin. The recently announced merger of Glue42 and Finsemble to form a new company, interop.io, heralds the beginning of a new chapter in the fast evolving interoperability and desktop integration space. The rationale behind…
Are Capital Markets Firms Really Benefitting From Cloud?
By Mike Powell, CEO, Rapid Addition. In our earlier blogs (here and here), we discussed the factors driving increased adoption of cloud technology by capital markets firms seeking to benefit from potential efficiencies. But what do their real-world experiences look like? And are firms realizing the benefits promised by cloud vendors? It may be difficult…
OSTTRA Launches New Service for Cross-Currency Swap Conversions
OSTTRA, the global post-trade solutions provider, has successfully carried out the first cross-currency swap conversions of USD/SGD swaps from SOR to SORA. This development is a part of OSTTRA’s ongoing efforts since 2021 to assist market participants in transitioning from legacy Libor benchmarks to new risk-free rates (RFRs). The conversion process generates overlay transactions, which…
Trading in the Cloud – Has Its Time Finally Come?
By Mike Powell, CEO, Rapid Addition. The structure of capital markets and how they are traded have, to a large extent, been shaped through the technology adopted by market participants and service providers over the past two decades. And while some firms remain cutting edge, many are left operating legacy infrastructure characterised by high cost…
London Stock Exchange’s Data Centre Migration Boosts Market Quality and Efficiency
The London Stock Exchange Group (LSEG) has reported substantial improvements in market quality and performance following its data centre migration and upgrade in February this year. The data centre, which caters to the London Stock Exchange, Turquoise, and TRADEcho services, is not only more innovative and robust but also eco-friendly, powered entirely by green energy….
TradingTech Briefing New York: Examining the Latest in Trading Technology
The TradingTech Briefing New York, an eagerly awaited event in the financial technology space, is scheduled for the afternoon of 8th June 2023 at Meet Hospitality, 1166 Avenue of the Americas, New York. The event will bring together a diverse group of thought leaders, technology innovators, and industry insiders to discuss the cutting-edge trends and…
Beeks Group Secures OneChronos Contract for High-Performance ATS
In a competitive bid, OneChronos has selected Beeks Group, the cloud computing, connectivity and analytics provider for financial markets, to provide high-performance compute and a private environment for its new Alternative Trading System (ATS), which aims to bridge the widening gap between the functionalities of US Equities trading venues and the requirements of traders. OneChronos…