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ION Trading Seals the Deal at Fidessa
ION Trading has agreed to acquire Fidessa just hours after it made a proposal to buy the company at a value of £1.5 billion and then transitioned the proposal into a formal offer. The offer trumps the bid for Fidessa made by Temenos in February and initially recommended by Fidessa to its shareholders. As we…
ION Trading Expected to Make Offer for Fidessa Ahead of 5pm Closing Deadline Today
The bidding battle for Fidessa has recommenced with ION Trading saying this morning that it has made a proposal to acquire Fidessa for £38.70 per share in cash. The proposal tops the offer of £35.67 per share made by Temenos on 21 February, but it is only a proposal and ION Trading must make a…
Potential and Pitfalls of Artificial Intelligence in the Trading Environment
Earlier this month, HSBC made headlines when it confirmed it will use UK start-up Quantexa’s artificial intelligence (AI) and machine learning technology to root out money laundering across its operations – the bank’s latest move in a multi-billion pound programme to fight financial crime. This seal of approval by HSBC has focused attention on the…
QuantHouse Adds Trade and Book Updates Synchronisation Feature to Data Feeds
QuantHouse has responded to client requirements with a trade and book updates synchronisation feature that allows trades and book updates to be reconciled when consuming data in real time, or when working with historical data. The feature is available on QuantHouse’s QuantFEED and ConsolidatedFEED, and is focused on feeds from derivatives exchanges. It is currently…
Fidessa Adds Tower Research Capital to its Intelligent SI Liquidity Program
Fidessa has added Tower Research Capital to its Intelligent SI Liquidity Program, helping users of its access architecture and smart order routing capabilities meet the liquidity challenges presented by Markets in Financial Instruments Directive II (MiFID II). Tower uses a diverse set of trading strategies across a broad range of asset classes to provide liquidity…
Estates and Infrastructure Exchange Selects Aquis Technologies Solutions
The Estates and Infrastructure Exchange (EIE) has selected Aquis Technologies, a division of Aquis Exchange, to supply solutions and services including a trading front end, the Aquis matching engine (AME), the Aquis market surveillance (AMS) solution, including a first-line surveillance service, as well as market operations and post-trade tools and services. The matching engine and…
Trading Technologies Begins Build of Trading Ecosystem
Trading Technologies (TT) has been developing expertise for 25 years and says the next 25 will be about adding value for customers based on its intent to build an ecosystem encompassing trading applications, infrastructure and data. TT won’t pull back from its traditional business in trading screens, but it is pushing on to extend its…
Colt and Celoxica Finalise FPGA-Based Service that Normalises European Data Feeds
Colt Technology Services and Celoxica are making final preparations to bring an FPGA based service that normalises European data feeds with consistent single-digit microsecond latency to market next month. The first content provider Colt is connected to, and will provide normalised data from, is Deutsche Börse CEF Ultra+ Eurex, a source of Eurex derivatives instruments….
Fidessa Plot Thickens
Fidessa has revealed that ION Trading, a vendor of trading software, and SS&C Technologies, a provider of investment management software and services, are the new suitors attempting to woo the firm away from its acquisition deal with Temenos, which was due to be voted in today – but as competition escalates, who will come out…
ITRS Adds Integrations to Monitor Big Data Platforms, Container Technologies to Follow
ITRS has added a set of six integrations to its Geneos solution that allow users to monitor open source, big data technologies – including Kafka, Hadoop, PostgreSQL, MongoDB, Cassandra and Elasticsearch – and troubleshoot, analyse and optimise the performance of applications running on each of these big data stacks. The company is also working on…