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OneMarketData Adds Strategy Backtesting Platform to OneTick Product Portfolio
OneMarketData has introduced a strategy development and large-scale backtesting platform that is powered by the company’s OneTick data management and time series analytics solution and supported by global multi-asset class market history available through the OneTick Cloud. The platform is called OneTick Strategy Backtesting and is available immediately as either a hosted service or deployed…
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…
Fidessa Partners Alpha Omega to Support FIX-Based Post-Trade Processing
Fidessa has partnered Alpha Omega to tackle the cost and inefficiency of post-trade affirmation processing, promote use of the FIX protocol, and grow its global trading network. The partnership integrates Fidessa’s post-trade Affirmation Management Service (AMS), an industry utility that provides low-cost affirmation processing as an alternative to central matching, and Alpha Omega’s FIX based…
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…
Fidessa Adds Prospector Liquidity Tool to Optimised Trading Initiative
Fidessa has added Prospector, a liquidity tool that helps high-touch traders discover trading and crossing opportunities, to its Optimised Trading initiative. Products already offered as part of the initiative include Fidessa’s Order Performance Monitor, which allows users to monitor live orders simultaneously and identify outliers in real time, and OTAS Market Analytics, which provides insights…
After the Gold Rush: Challenges in Finding Liquidity for Today’s Sales Traders
By Kurt Huhner, Vice President, Business Development – Americas, Fidessa Sales trading lends itself to one of the things that the human brain does better than any computer – pattern recognition – making the leap between potential buyers and sellers. But the role has undergone some fundamental changes over the past few years and, in…
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…
Velocimetrics Adds Machine Learning to Market Data Quality Solution
Velocimetrics has integrated machine learning into its market data quality solution, which was introduced about 18 months ago and is designed to accurately assess the timeliness and correctness of market data on a real-time basis. The addition of machine learning automates the task of categorising instruments in terms of what ‘normal’ should look like for…
CFTC Technology Advisory Committee Takes Tough Stance on Automated Trading Regulation
The Technology Advisory Committee (TAC) of the US Commodity Futures Trading Commission (CFTC) reconvened this week after a 20 month intermission. On the agenda were regulation of automated trading, swap data standardisation and harmonisation, and the potential of blockchain technology. Timothy Massad, chairman of the TAC, opened discussion on the Commission’s proposed rule to address…
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…