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SmartStream Adds Intelligent Exceptions Management Design to SmartStream Air
Financial solutions provider SmartStream Technologies has launched a new intelligent exceptions management design for its cloud-native AI-powered SmartStream Air solution. The enhancement, which follows the release of TLM Aurora Universal Data Control earlier this year, is designed to further simplify the typically complex and manual exceptions management process for data reconciliations. The new design aims…
ION Commodities’ Openlink Replaces 30+ Legacy Systems at Constellation
ION Commodities, a global provider of commodities trading and risk management solutions, has implemented its Openlink CTRM solution at Constellation, a US provider of clean energy solutions. Openlink will manage Constellation’s end-to-end wholesale energy operations, replacing over 30 legacy systems, and will serve as a single source of truth and system of record. The ‘Wholesale…
MayStreet Adds Full-Depth-of-Book for All US Equity Options Markets to Market Data Lake
MayStreet, the market data technology and content provider, has expanded its Market Data Lake product, adding full support for all US Equity Options data feeds, to augment the company’s existing provision of the OPRA feed. US Equity Options volumes have grown significantly in recent years, with record listed option contract volumes in 2020, increasing 52.4%…
Pico Introduces Ultra-Low Latency Connectivity Across Key Global Venues
Trading technology, data and analytics service provider Pico has launched ultra-low latency venue connectivity across its key global trading venues, achieving more than 80 percent reduction in round trip latency, according to the company. Utilizing high-performance Layer 1 switching technology, Pico can now achieve one-way market data latency of 5-87ns and round-trip latency of 140ns…
Council of Europe Development Bank Implements Bloomberg MARS Front Office
The Council of Europe Development Bank (CEB) has adopted its Bloomberg’s Multi-Asset Risk System, MARS Front Office, to enable the bank to assess the impact of trading activity on the risk profile of its books. MARS Front Office will provide the CEB with consolidated pricing and risk analytics, including pre-trade and daily post-trade valuations, Greeks…
MarketFactory Partners with Tradefeedr
MarketFactory, part of ION Markets, has established a strategic partnership with Tradefeedr, the independent FX data and analytics provider, to broaden access to trading information for clients of both companies. By integrating the two platforms, the partnership aims to deliver a seamless trading experience and to enhance transparency and trust levels across the FX market…
Beyond Cryptocurrencies – Building a Market Infrastructure for Digital Assets
Mention digital assets, and most people will immediately think of cryptocurrencies. This is perhaps not surprising, as ownership of digital assets is currently dominated by the two leading cryptocurrencies, Bitcoin and Ethereum. The fast-evolving world of digital assets now goes way beyond the realm of cryptocurrencies, however, and has the potential to open up a…
Archax Launches Blockchain-Based Post-Trade Infrastructure Subsidiary Montis Digital, with Watkins as CEO, Lester as Chairman
Archax, the first FCA-regulated digital securities exchange, has created a new subsidiary, Montis Digital, to launch a blockchain-based post-trade infrastructure for tokenised assets, such as digital securities and security tokens. Montis will be led by CEO Martin Watkins, previously head of the exchanges and financial markets infrastructure practice at EY, and senior executive at AtosEuronext,…
Turquoise Plato Connects to OpenFin to Improve Buy-Side Workflow
Turquoise Plato, the London Stock Exchange’s non-displayed order book, has connected to OpenFin, the operating system for enterprise productivity, to deliver application interoperability and a more unified desktop experience for buy-side trading desks. With this collaboration, Turquoise on OpenFin will leverage OpenFin’s open architecture to deliver data directly into trader workflows to support liquidity discovery…
7 Chord Appoints Andrew Sundstrom as Chief Science Officer
Fixed income pricing and analytics vendor 7 Chord has appointed Andrew Sundstrom as its Chief Science Officer, to lead the new phase of development and innovation of its BondDroid proprietary machine learning engine. Sundstrom brings 28 years of cross-disciplinary scientific and industry experience, at Nortel Networks, IBM Research, Morgan Stanley, and most recently at Nanotronics,…