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Why Is Now the Time for the Financial Markets to Focus on Collaboration Compliance?
By Phil Fry, VP of Financial Compliance Product Strategy at Verint. The seismic impact of the pandemic has seen many banks and financial institutions ramp up their use of next-generation communication solutions, to assist their employees to work from home and alternative locations. During lockdowns, trades and client orders, that were traditionally executed at corporate sites, moved…
The Results Are In… Trading Tech Insight Awards USA 2020
The A-Team Group Trading Tech Insight Awards USA winners were announced this week in the second year of the North American edition, and while we were sad not to be able to hold our usual glittering reception to celebrate the winners, their achievement is no less redoubtable. US market practitioners and suppliers are facing unique…
Enyx Seeks to Democratize FPGA Development with New nxFramework
Low Latency solutions provider Enyx has launched a nxFramework, a standardardized, ultra-low latency FPGA development framework aimed at addressing the complexity of deploying FPGA in high-performance trading environments. According to Enyx CEO Arnaud Derasse, the company expects the new framework will allow it to reach a new generation of potential users seeking to add hardware-based solutions…
Recorded Webinar: Financial Services Infrastructure in the Post-Covid Environment
The Covid-19 pandemic has shaken financial institutions’ working practices to the core. Trading volumes have exploded, with some venues recording more than 10X the usual volume of transactions. Volatility has raged, with the benchmark VIX index testing new highs. And nor are these one-offs; the impact has been sustained since the virus hit in early…
Controlling Market Data Usage and Costs in WFH Environments
The Covid-19 pandemic has transformed the way financial services firms operate: with staff dispersed across numerous alternative sites or working from home, and many still requiring access to fee-liable market data and other financial information services in order to function. Data managers are struggling to control access to this data – facing the risk of…
Covid-19 is Impacting Banks’ Operational Resilience, Warns EBA
The European Banking Authority (EBA) has issued a preliminary assessment of the impact of COVID-19 on the EU banking sector, warning that operational resilience is now under pressure. “Following the outbreak of the pandemic, banks have activated their contingency plans, which have allowed them to keep their core functions broadly unaffected. However, the handling of…
New Fixnetix Chief Beeman Outlines Vision for Front-Office Lift-Out Offering
Jake Beeman, who took over as general manager of Fixnetix this month following the departure of Steve Williams, has arrived with the remit to expand on the company’s vision for front-office transformation, with a specific focus on data, analytics and infrastructure. Beeman took on his new role at Fixnetix on May 13, Prior to that…
Crosslake Fibre Strengthens US/Canada Connection with 165 Halsey Street Expansion
Crosslake Fibre, a telecoms operator specialising in connectivity between Canada and the US, has expanded its network into the 1.2 million square foot data center, colocation and telecom carrier hotel 165 Halsey Street, just 13 miles from Manhattan. The new network, which delivers sub-9 ms round trip delay (RTD) performance between Toronto and New York…
Colt Technology Lowers Latency on European Routes
Colt Technology Services, a provider of high-bandwidth connectivity solutions, has lowered the latency on its European PrizmNet routes, targeting the high frequency trading (HFT) needs of financial brokers, investment funds and banks, and FX-related applications. Following the firm’s recent investment in ultra-low latency PrizmNet infrastructure in Asia, Colt has now implemented next-generation Arista 7130 Layer…
Pico Taps Frank Troise as Co-CEO
Markets technology and infrastructure specialist Pico has named electronic trading veteran Frank Troise as co-CEO in what current chairman, CEO and founder Jarrod Yuster terms the latest step toward taking the company to the next level of growth. The move – which will tap Troise’s operational expertise to support Pico’s expansion across its target market…