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Intercontinental Exchange and KX Collaborate to Enhance Real-Time Analytics for Financial Firms
Intercontinental Exchange, Inc. (ICE), the global provider of data, technology, and market infrastructure, has joined forces with KX, creator of the Data Timehouse and KDB.AI vector database, in order to utilise KX’s platform to offer real-time analytics on data from ICE’s Consolidated Feed and Consolidated History. The collaboration comes in response to the growing challenges…
4OTC and Quod Financial Partner to Enhance Digital Asset Trading
4OTC, the digital assets and FX connectivity provider, has formed a strategic partnership with multi-asset trading solutions vendor Quod Financial. The partnership aims to offer a unique trading solution for digital assets, by combining 4OTC’s robust API and extensive connectivity across exchanges and over-the-counter (OTC) venues with Quod Financial’s advanced Order/Execution Management System (O/EMS) platform….
B3 and Nasdaq Join Forces to Develop New Clearing Platform for Brazilian Stock Market
In a significant move for the Brazilian stock market, Nasdaq has announced a multi-year partnership with B3, operator of the São Paulo stock exchange. Under the partnership, the two companies will develop a new clearing platform designed to serve all markets currently settled through B3’s clearing house. This partnership aligns with B3’s long-term strategic vision…
Trading in the Public Cloud: Attitudes to Cloud Adoption in Capital Markets
Capital markets have been slow to embrace cloud technologies and in particular the public cloud. Practitioners have been wary of issues around speed/performance, privacy and cost, all of which can dampen the appeal of cloud technologies for trading firms. But broad acceptance of cloud beyond finance is highlighting some compelling benefits, primarily in terms of…
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…