TradingTech Insight Data Centres, Connectivity & Colo (KH) The latest content from across the platform
Countdown to T+1: Market Readiness and the Push for Automation
As the North American T+1 settlement deadlines fast approach – 28th May 2024 for all US securities settled through DTC and 27th May for Canadian securities – the industry has been ramping up in preparation. And although the shorter settlement cycle promises to increase settlement efficiency, improve liquidity, decrease counterparty risk and reduce overall trading…
New DTCC Report Recommends Best Practices to Achieve T+1 Settlement Success
In anticipation of the transition to a T+1 settlement cycle in the US, the Depository Trust & Clearing Corporation (DTCC) has released a new report, “Hitting 90% Affirmation by 9:00 PM ET on Trade Date: The Key to T+1 Success”, which highlights the importance of automating post-trade processes to achieve success in the upcoming T+1…
Lab49 and interop.io Form Strategic Partnership to Enhance Trading Desktop User Experience
Lab49, the specialist technology consultancy owned by ION Group, has partnered with interop.io, the interoperability provider formed when Glue42 and Finsemble merged last year, to provides buy and sell-side firms with comprehensive access to interop.io’s suite of solutions together with bespoke professional services from Lab49. Together, the two companies aim to modernise the trading desktop…
McKay Brothers Launches Ultra-Low Latency Network Between New Jersey and Toronto
Low-latency networking specialist McKay Brothers has deployed its latest wireless network connecting key equity exchanges in New Jersey, USA, and Markham, Ontario, Canada, offering the lowest known latency for private bandwidth between the two centres. The network connects the New York Stock Exchange (NYSE) in Mahwah, New Jersey, and TMX Group’s exchanges in Markham, with…
Zayo Group Expands Near-Net Fibre Connectivity Across Europe, Targeting Key Cities in 2024
Zayo Group, the global provider of fibre network infrastructure, has announced a significant expansion of its near-net connectivity across Europe, aiming to enhance its high-speed low-latency network solutions across UK, Ireland, The Netherlands, Germany, and France, enabling up to 100G connectivity for clients in close proximity to Zayo’s fibre infrastructure. The initiative aims to help…
Appital Announces Substantial Growth in Platform Liquidity and User Base
Appital, the equity markets technology solution vendor, has reported a significant increase in both its user base and liquidity, with liquidity on its platform surging to $800 million notional in November alone, compared to the $200 million recorded between August 2022 and August 2023, prior to the company launching Appital Insights, its liquidity access tool,…
Tech Trends in Trading: Industry Experts Review 2023 and Look Ahead to 2024
As 2023 draws to a close, it’s time to look back at some of the more interesting trends that have emerged in the trading technology space over the last twelve months, and to take a look ahead at what 2024 might have in store. With this in mind, TradingTech Insight reached out to a group…
DTCC Completes Acquisition of Securrency, Now Rebranded as DTCC Digital Assets
Following its announcement in October, agreeing to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure, DTCC today announced the completion of the transaction. The Securrency brand will now be retired and the business will operate as DTCC Digital Assets, headed by Lynn Bishop, Managing Director and Chief Information Officer. Frank La Salla, DTCC…
Avelacom Enhances Global Trading with Latency Improvements in Backhaul Network
Connectivity & IT infrastructure solutions provider Avelacom, has significantly upgraded its backhaul network to offer reduced latency between European and US exchanges and major financial hubs in Asia and the Middle East. The upgrade, which shortens fibre optic path lengths by up to 140 kilometres, aims to enable more efficient market data feeds and order…
FlexTrade Systems Partners with BTON Financial to Integrate AI-Driven Broker Selection
FlexTrade Systems, the execution management systems (EMS) vendor, and BTON Financial, the data collaboration and order routing technology provider, have collaborated to enable FlexTRADER EMS users to access AI-driven broker selection recommendations to optimise best execution performance. The integration allows traders using FlexTRADER EMS to easily send order parameters to BTON’s cloud-based, AI, and data-driven…