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Exegy Adds IEX Data as its First Direct Source
Market data managed services and technology provider Exegy has taken a step to be a direct source of some US National Market System (NMS) data itself, with an announcement of the addition of IEX (The Investors Exchange) data to its X-Port market data vending service. “We are offering a more complete direct feed for the…
The Trading Regulations Handbook
Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology…
West Coast Hedge Fund Reduces Trade Errors With LiquidityBook
Since San Francisco-based multi-strategy hedge fund Pier 88 Investment Partners implemented LBX Buyside POEMS (Portfolio, Order and Execution Management System) from service provider LiquidityBook in the third quarter of 2016, the fund has eliminated trade errors, gotten greater transparency and enhanced its networking capability. Pier 88’s trade execution and portfolio management has had “very noticeable”…
Countdown To MiFID II: Best Execution, Brexit and Trading Infrastructure Best Practices
The events of 2016 have muddied the waters for financial institutions operating in Europe that need to figure out how planning for possible outcomes of Brexit will in turn affect compliance with European MiFID II regulation taking effect in January 2018. While it is widely recognised that firms will have to make major changes to…
Housden Brings Capital Markets Focus To Colt
Network and communications provider Colt Technology Services’ hire of Andrew Housden as vice president of capital markets may herald greater attention and effort on financial markets work by the company. Colt offers Colt PrizmNet, a financial sector extranet service, and MarketPrizm data feeds, hosting and connectivity solutions, as well as the Colt IQ Network which…
Symphony Foundation Looks To Leverage New FinTech Members
Palo Alto, Calif.-based Symphony Software Foundation, a non-profit financial services open source software organization, has added three new “silver tier” members in an effort to include more fintech companies and offerings in its group, according to Gabriele Columbro, executive director of the organization. The Symphony Foundation’s new members are ChartIQ, a data visualization provider; The…
Trade Surveillance is Challenging, But is There Also a Glint of Opportunity?
If Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) extend the breadth and depth of trade surveillance, could they also provide opportunities for firms that get it right? These issues and more were debated during a panel session at last week’s A-Team Group Intelligent Trading Summit in London. Intelligent Trading…
Convergex Implementation Shows Ancoa’s Global Value
Trading services and solutions provider Convergex has implemented an Amazon Web Services (AWS)-hosted market surveillance platform provided by Ancoa, gaining a “one-stop shop” for surveillance of trading activity in both the US and internationally, according to Ann Neidenbach, chief information officer at Convergex. Convergex’s US team has been using Ancoa’s platform for about six months,…
Outside Partnerships Bolster Trade Execution Infrastructures
Partnership is the most important ingredient for optimising the performance of trading infrastructure and reducing its complexity, say operations executives who spoke at the Intelligent Trading Summit in London on 2nd February. Regulatory compliance issues are gaining on cost and value as the biggest consideration, however, according to the executives. Partnership efforts address the need…
Proving Best Execution Depends On Collecting More Data
The best way to accomplish all the aspects of ensuring best execution of trades in a manner compliant with Europe’s MiFID II regulation taking effect next year is by gathering all data, market history and relevant information in one place, says Dermot Harriss, senior vice president at OneMarketData, who spoke in a January 26 webinar,…