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Fidessa and Virtu Partnership Provides Virtu SI Liquidity to Fidessa Solutions
Fidessa and Virtu Financial have partnered to give users of Fidessa’s market access solutions access to Virtu’s systematic internaliser (SI) disclosed liquidity, as well as improved upstream workflow to manage the more complex trading environment of Markets in Financial Instruments Directive II (MiFID II). Virtu’s customisable SI price feeds are integrated to Fidessa’s smart routing…
IPC and GreenKey Collaborate to Convert Real-Time Voice into Useable Data
IPC and GreenKey Technologies are collaborating to bring an artificial intelligence (AI) based speech recognition solution that converts real-time voice into useable data to market. IPC, a provider of compliant communication and networking solutions, and GreenKey Technologies, a creator of voice software with integrated speech recognition designed for financial markets, have been working together since…
The CAT is Out of the Bag and it Looks Aggressive
In an era of regulation, traders may not love compliance, but they have learned to live with it. That said, the looming US Consolidated Audit Trail (CAT) has stirred up infighting between the Securities and Exchange Commission (SEC) and the individual broker-dealer firms and exchanges affected. There have been complaints of an ‘incredibly aggressive’ timeframe,…
Options Adds Colocation Service at Nasdaq Stockholm, Plans More Venues
Options, a provider of global market data and colocation services, has made its high-performance managed colocation service available at Nasdaq Stockholm, the primary securities exchange of the Nordic countries. The service gives colocated clients low latency connectivity to the exchange’s Nordic feeds and is part of a global expansion plan that will extend Options’ colocation…
Smartkarma Extends Independent Research Platform with Premium Services
Smartkarma has added Premium Services, a suite of value-added services designed to allow asset managers to deepen engagement with research providers, to its independent investment research platform. The services advance the platform beyond content and include analyst calls, corporate access, financial modelling and bespoke research. The Singapore-based company brought its research solution to market in…
Temenos in Talks to Acquire Fidessa
Temenos is in advanced discussions with Fidessa about a bid that could see the Swiss-based provider of banking software acquire the UK-listed provider of trading, investment and information solutions to capital markets participants. The proposed terms of the possible offer, an all cash offer for all ordinary shares, value Fidessa at about £1.4 billion. Temenos…
SteelEye Builds Out Cloud-Based Data Consolidation and Intelligent Analytics Platform
SteelEye is building out its cloud-based data consolidation and analytics platform covering best execution, trade reconstruction, transaction reporting and record keeping, with a trade surveillance option due to go live later this year. It is also building up its client list, based on its ability to support regulatory compliance and help firms gain intelligence from…
The True Costs and Impacts of Alternative Data Integration
By: Lauren Kline, Vice President of Content and Technology Solutions, FactSet With the rapid adoption of alternative data, the costs to asset managers are not just for the data itself, but also for the cost of implementing the data and hiring the talent to capitalise on it. Financial firms have always relied on a vast…
Linedata Updates Global Hedge Platform
Linedata has updated its Global Hedge platform to enhance front-office user experience, enable Bitcoin trading, and support outsourcing solutions for the middle office. The enhanced user experience covers order generation, pre-trade compliance and middle-office operations. Further front-office improvements include enhancements for trading, streamlined workflows, what-if analysis, pre-trade compliance and mobile processing. Introducing cryptocurrencies, the platform…
FactSet Partners CG Blockchain to Deliver Blockchain Based OEMS
FactSet has partnered blockchain apps provider CG Blockchain to give users of FactSet’s order and execution management system (OEMS) a real-time, secure means of recording transactions using blockchain technology. The firms have integrated FactSet OEMS, a central platform for executing trading strategies across asset classes, with CG’s BCT Fundstore suite of compliance-based blockchain apps. This…