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UBS MTF Selects Aquis Technology for MiFID II Surveillance and Reporting
UBS MTF (Multilateral Trading Facility) has selected Aquis Technology, the regtech services arm of Aquis Exchange, to provide market surveillance and RTS 27 reporting software as required by Markets in Financial Instruments Directive II (MiFID II). UBS selected the Aquis Market Surveillance solution on the basis of its strong and comprehensive market monitoring and surveillance,…
Sponsored Blog: Ullink Considers How Low-Touch and High-Touch Trading are Playing Out in a Changing Economic Environment
The global trading landscape is changing, driven by regulation, automation, cost pressure and the search for alpha. In response, sell-side firms are rebalancing their high-touch order management and low-touch direct market access (DMA) trading, and considering new approaches to achieving accurate and efficient electronic trade execution at speed and scale. On the buy-side, firms continue…
Horizon Opens Gateways to Cryptocurrency Exchanges
Horizon Software has extended its trading platform to provide users with the option of trading Bitcoin as well as other cryptocurrencies such as Ether, Ripple and Litecoin. The company offers native gateways for connecting to the main cryptocurrency exchanges, including Kraken, Bitstamp, Bitfinex and GDAX, and will be adding access to other exchanges in the…
EarlyBird Harnesses Twitter for Unique Trading Data Sets
The ubiquity of real-time financial information means that it’s difficult for traders to find unique market opportunity that gives them gives them a competitive advantage. As a result, trading firms are increasingly turning to so-called Alternative Data to seek out undiscovered data niches that may yield a market-winning deal. As with the broad consumer market,…
Synechron Completes Integration of Cityfront
Synechron has strengthened its systems integration business through the completion of its combination with Cityfront Group, a systems integrator for enterprise capital market platforms such as Murex, Calypso and Summit, which it acquired in 2016. The transition of Cityfront to the Synechron brand allows Synechron to offer the market a combination of end-to-end services including…
Apcela Funding Supports Expansion of Application Accelerator Platform
Apcela, provider of a platform that accelerates applications and data between legacy enterprise data centres and the cloud, has closed additional funding from existing investor Claritas Capital and named former SunGard executive Jack Dziak as president and chief operating officer. The company’s low-latency application delivery platform, AppHUB, helps users manage application performance in hybrid IT…
BSO Integrates Microwave Technology from Apsara Acquisition
BSO plans to integrate Apsara Networks’ wireless microwave technology into its fibre optic global network following acquisition of the company. The acquisition was supported by a minority investment in BSO by private equity fund Abry Partners. Apsara’s microwave network connects a number of liquidity venues and incudes a New Jersey route taking in Nasdaq, NYSE…
Extended emagine Timestamping Service Supports MiFID II Compliance
emagine’s Time-as-a-Service (TaaS) solution, which enables market participants to timestamp trades to within 100 microseconds, has been made available across BSO’s network of 91 data centres in 20 countries. Financial services management consultancy emagine says TaaS enables traders to comply with Markets in Financial Instruments Directive II (MiFID II), which went live this week and…
Colt Cuts Latency on Tokyo to London Link
Colt has reduced latency between Tokyo and London financial centres to less than 159 milliseconds. The network optimisation is part of the company’s ongoing investment in the Colt IQ Network and is designed to support trading strategies that rely on low latency infrastructure. Andrew Housden, vice president of capital markets at Colt, says: “We are…
Connectivity in Financial Markets: Are We Over the Need for Speed?
By: Michael Cooper, Chief Technology Officer, Radianz, Global Banking and Financial Markets, BT Around the world, automated systems trade equities, futures, currencies and contracts in fractions of seconds. Admired and feared in equal measure, this high frequency trading (HFT) is firmly embedded in financial markets. Although its share has been declining since the financial crisis…