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Genesis and XP Investments Launch FX Trade Capture Solution
Genesis, the Low Code Application Platform (LCAP) vendor specialising in financial markets, has launched a new FX trade capture application. The system – FX Prime – was developed in partnership with XP Investments, the US-based subsidiary of XP Investimentos, Brazil’s largest broker-dealer and an early adopter of Genesis’ microservices approach to application development. The latest…
Market Data in the Cloud: Opportunities and Challenges
Financial institutions are buying into the promise that the scalability and elasticity of cloud solutions will prove to be more cost-effective than on-premise implementations. As firms migrate what they can of their technology infrastructures to the cloud, they are starting to include market data delivery and ingestion systems – long considered too critical to be…
Trading & Electronic Communications Surveillance in a Changing World
By Mike O’Hara, Special Correspondent. The ongoing necessity for many trading professionals to work from home has placed an additional burden on compliance teams struggling to ensure their firms play by the rules while staff operate away from designed-for-purpose trading floors. The situation has been a catalyst for change in how surveillance against financial crime…
The Composable Enterprise and Desktop Integration
By James Wooster, COO, Glue42. The starting point for this piece was a statistic buried within a report on the UK Contact Centre market[1]. It stated, on page 138, that across all industries, including Capital Markets, the cost of users navigating themselves within and between applications was estimated to be in excess of £4.3 billion…
Pico Closes $135 Million Series C with Eye on Strategic Acquisitions
Pico’s addition of Intel Capital as a new investor – announced last week – completes the trading infrastructure specialist’s $135 million Series C investment round, setting in place the foundation for its next phase of growth. Encouraged by the success of its 2018 purchase of Corvil, Pico intends spending at least some of that cash…
BidFX Expands Algo Trading Capability in FX market
BidFX, a cloud-based provider of FX trading solutions, has added four State Street FX algo strategies to its platform, bringing the total number of algo providers it hosts to 20. It is also adding FX options liquidity providers to the platform and recently released an FX algo wheel. While market volatility caused by the coronavirus…
AWS, SGX and Aquis POC Demonstrates Feasibility of Cloud-Based Matching
AWS, the Singapore Exchange (SGX) and Aquis Exchange recently completed a proof of concept (POC) that confirmed the viability of situating an exchange matching engine in a cloud environment. The POC – which focused on evaluating the core functions and connectivity latencies of Aquis’s order-matching platform in the AWS cloud – demonstrated respectable order turnaround…
S&P Global Acquisition of IHS Markit Creates Financial Data and Analytics Powerhouse
S&P Global’s $44 billion acquisition of IHS Markit will create a financial data and analytics powerhouse capable of challenging Bloomberg’s market leading $11 billion revenue and towering over the proposed $27 billion acquisition of Refintiv by the London Stock Exchange (LSE). The combined company will benefit from increased scale, a wider product portfolio and a…
Refinitiv Partners Quod Financial to Add Sell-Side OMS to Trading Solutions
Refinitiv has plugged a gap in its sell-side trading line-up by making an agreement with Quod Financial to offer a multi-asset, sell-side OMS powered by Quod and using Refinitiv’s data feed solutions and connectivity to the sell-side community. Beyond the OMS, the companies have plans to build additional data-driven, automated trading technologies incorporating machine learning…
A-Team Group Introduces 2021 Innovation Awards
Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The…