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Itiviti Develops Regulatory Compliance Platform for MAR and MiFID II
Itiviti is developing a regulatory compliance solution that will be delivered as a managed service, focus first on Europe’s Market Abuse Regulation (MAR), and then on Markets in Financial Instruments II (MiFID II). The solution is based on Itiviti’s Tbricks high performance trading platform and the OneTick ticker plant provided by Itiviti partner One Market…
Sell-Side Tech – With Principles
Banks are building client awareness into their systems to achieve long-term goals and avoid disintermediation Intensified regulatory activity has heightened oversight of trading technology, particularly within the sell-side community. This development has had significant impact on the skills and structures needed in technology teams. “Technology can give firms a competitive advantage but can do so…
BSO Networks Builds Out Low Latency Network, Services and Solutions
BSO Network Solutions is planning to extend its low latency trading network into South America, implement its cloud-based trading infrastructure platform within exchanges, and provide a MiFID II compliant time stamping solution. While the company is building out its business with services and solutions, its career started in connectivity, when college friends Michael Ourabah and…
TMX Atrium Adopts NPL Time to Offer Accurate Time Stamp Service
TMX Atrium has signed an agreement with the UK’s National Physical Laboratory (NPL) to distribute NPL Time, a certified and precise time signal that is directly traceable to Coordinated Universal Time and can be used by TMX Atrium customers for regulatory compliance and audit purposes. TMX Atrium’s adoption of the NPL Time service is designed…
SimCorp Connects Its Order Manager to Bloomberg’s EMSxNET?
SimCorp and Bloomberg today announced that SimCorp’s Order Manager has joined the partnership network of Bloomberg EMSxNET, a FIX network that provides order routing to brokers connected to the Bloomberg Professional service. EMSxNET not only provides order routing facilities for SimCorp’s Order Manager customers, but also publishes trade data securely back into the customer’s Bloomberg…
Xignite Funding Round Opens Door to Asian Markets
Xignite, a provider of market data cloud solutions for fintech firms and financial institutions, has raised $20.5 million in a funding round led by Tokyo based Quick, a member of the Nikkei Group and Japan’s largest information provider. As a result of the funding, Xignite will partner Quick to deliver its data solutions in Asian…
Itiviti Details Plans Following its Formation through the Unification of Orc and CameronTec
Itiviti has set out development plans following its formation through the unification of Orc Group, a provider of electronic trading technology for listed derivatives, and CameronTec Group, a provider of FIX messaging infrastructure and connectivity. Torben Munch, CEO at Itiviti and formerly CEO at Orc, says the combined company is more than the sum of…
MiFID II: Putting the Clock Back
The type of trader you are will determine how you set your watch. That is the upshot of ‘RTS 25: Draft regulatory technical standards on clock synchronization’ published by the European Securities and Markets Commission in late September under the revision of the Markets in Financial Instruments Directive (MiFID II). “MiFID II moved away from…
Five Markets and Technology Predictions for 2016
By Jock Percy, CEO at Perseus Overall, 2015 was a fascinating year for the financial markets and, by extension, for financial technology solutions providers. At a macroeconomic level, the slowdown of growth in China squeezed commodity dependent markets, including commodity powerhouses such as Brazil, Australia and South Africa. Meanwhile, the Greek debt crisis unleashed a…
Creating Back Office 2.0 – Reinventing Trade Processing on the Block Chain
By Pete Harris, Principal, Lighthouse Partners Financial markets firms seem to be forever complaining about an increasingly competitive marketplace that is driving down revenues and increased compliance and operational procedures that are pushing up costs. No surprise then that many are looking at a technology called block chain in order to simplify their post-trade infrastructures…