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Revista Arrives in the UK with MiFID II Record Management Solution
Revista Systems, a provider of communications convergence management (CCM) technology to the financial services community, has opened its doors in the UK. The company’s CCM solution creates a record management repository that links every transaction relating to enquiries and trades, from inception to settlement, and plays into the record retention requirements of Markets in Financial…
Vienna Stock Exchange Joins Community of Scila Surveillance Users
The Vienna Stock Exchange has agreed a five-year deal to use Scila Surveillance technology to combat insider dealing, attempted market manipulation and other market abuses. The exchange joins a roster of global exchanges including London Stock Exchange, New York Stock Exchange and the Deutsche Börse that use the Stockholm-based company’s solution. Scila Surveillance provides trading…
Brexit and the UK Data Protection Bill: How does it impact you?
By Dennis Slattery, CEO at EDMworks On September 13, the UK government introduced in Parliament the Data Protection Bill. Its purpose is to implement a comprehensive data privacy framework for the UK in the post-Brexit environment. The scope of the bill covers: Implementing the General Data Protection Regulation (GDPR) into UK law Implementing the EU…
QuantHouse Partners NPL to Meet MiFID II Demands for Precise Trade Timing
QuantHouse has partnered with the National Physical Laboratory (NPL), the UK’s national measurement institute, to offer its clients the NPLTime traceable timestamping service. The service will enable users to evidence the exact moment a trade was executed to within 1 microsecond. This plays well into Markets in Financial Instruments Directive II (MiFID II), which requires…
McKay Brothers Extends Microwave Network to Milan and Zurich
McKay Brothers is building out its microwave network to connect London with Milan and Zurich at what it says is the lowest known latency. The company also expects to extend its Quincy Extreme Data (QED) service, an integrated and normalised feed of select market data sourced from and provided in trading colocation centres around the…
QuantHouse API Ecosystem Offers Quants Easy Access to Apps
QuantHouse has built out its application programming interface (API) capability to deliver qh API Ecosystem, a framework that allows fintech firms to offer their products as on-demand solutions available through open APIs, and API based users, particularly hedge funds and automated trading firms, to access trading solutions without the complexity of integration. The benefits are…
ICE Extends SFTI Wireless Network with Chicago to Tokyo Link
Intercontinental Exchange (ICE) is working with the Go West trading consortium to add an ultra-low latency link between Chicago and Tokyo to its Secure Financial Transaction Infrastructure (SFTI) wireless networks. SFTI was acquired by ICE in the break-up of NYSE Technologies a couple of years ago and includes ultra-low latency network connectivity solutions between the…
Cloud Specialist Options Outlines 2017 Network Expansion Plans
Data centre operator and financial cloud hosting specialist Options has created a delightfully topological map of its 2017 expansion plans. The map – reproduced here – was posted on LinkedIn this week by COO Danny Moore, formerly of Wombat Financial Software, which emerged as the mainstay of the former NYSE Technologies much of which was…
TickSmith Gets Funding for Its TickVault Big Data Platform
It was encouraging this week to see VC interest in high-performance data management technology for financial markets, a segment often overlooked by fintech funds. TickSmith has announced a C$2 million investment from Illuminate Financial Management LLP, a venture capital firm with a specific focus on capital markets financial technology, giving it some clout as it…
QuantHouse Launches API Addressing MiFID II Needs
Trading solutions and market data services provider QuantHouse has launched an algorithmic trading stress-testing service, in API form, geared toward handling the increase in volume of market information and activity expected once MiFID II regulation takes effect in 2018, according to Stephane Leroy, business co-founder and chief revenue officer at the company. “The solution enables…