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Cloud9 Partners with comitFS on Real-Time Voice Trading as Industry Adjusts to Virtual Landscape
New York’s Cloud9 Technologies has partnered with comitFS, a UK-based provider of voice middleware and API abstraction capabilities for financial service organizations, to work on improving real-time call control capabilities for voice trading within the institutional marketplace. The joint venture will combine comitFS’s mix of trader voice applications and API’s combined with Cloud9’s advanced solutions…
OpenFin Opens Up Appital Application to the Buy-side
The Google Cloud-hosted Appital platform is designed to help deal participants uncover and unlock liquidity, while providing deal originators with the opportunity to execute large volumes, often in excess of 5 days of Average Daily Volume (ADV), with minimal market impact or risk of price erosion. The platform is targeted towards transparency, in a bid…
Will a Consolidated Tape Make Best Execution Better?
By Tom Healey, Founder-Director, FINXIS LLC. In ICMA’s MiFID II Consolidated Tape Task Force Report, published in April 2020, the Task Force made it clear that while MiFID II accomplished many goals it failed to achieve the market transparency that regulators had envisioned. By most measures, MiFID II cost the industry over $2 billion, but…
Quant House Partners with Italy’s EliData
Italian trading software developer EliData has integrated real-time market data sourced from QuantHouse’s QuantFeed API into its smart order router (SOR), arbitrage and best execution capabilities. The collaboration has already resulted in an implementation at a ‘major financial institution’ in Spain, and will be marketed jointly across Europe. Using QuantFeed, EliData is able to provide…
Verint and Cloud9 Partner on Voice Compliance Solution
Verint has teamed up with cloud-based communications specialist Cloud9 Technologies to launch a new compliant, cloud-enabled communications solution supporting traders both on the trading floor and remotely. Designed to provide increased flexibility as the industry continues to move to cloud-based platforms and work-from-home environments during and beyond the COVID-19 pandemic, the offering combines Cloud9’s C9…
McKay Brothers Forges Fastest Link to Korea Markets
Microwave-based low-latency market data specialist McKay Brothers International has raised the bar for connectivity to the Korean Stock Exchange with the launch of what it claims is the fastest links between Busan and Tokyo and Illinois. The rollout of the company’s hybrid microwave / fibre private bandwidth services will be a boost to firms in…
Why Is Now the Time for the Financial Markets to Focus on Collaboration Compliance?
By Phil Fry, VP of Financial Compliance Product Strategy at Verint. The seismic impact of the pandemic has seen many banks and financial institutions ramp up their use of next-generation communication solutions, to assist their employees to work from home and alternative locations. During lockdowns, trades and client orders, that were traditionally executed at corporate sites, moved…
NICE Actimize Deploys New Xignite Microservices to Support Shift to Cloud
Financial crime, risk and compliance technology specialist NICE Actimize is using market data microservices from Xignite to support its initiative to move its real-time market data infrastructure into the cloud. The move underscores the growing interest among financial institutions in migrating mission-critical activities to the cloud in a bid to reduce on-premise overhead and take…
Dow Jones Offers Access to Newswire Archive via AWS Data Exchange
Dow Jones Newswires is making a five-year archive of its English-language news available via Amazon Web Services’ AWS Data Exchange, which allows customers to find, subscribe to, and use third-party data in the cloud. The initiative aims to simplify and accelerate access to Dow Jones news content for AWS clients in the hope of exploiting…
SS&C Adds Canoe Intelligence for PDF Data Capture in Alternative Investments
SS&C has tapped Canoe Intelligence’s data conversion technology to allow users of its Black Diamond Wealth Platform for alternative investments to capture data from PDF-based reporting documents, eliminating the need for manual rekeying and reducing the risk of error. Under the arrangement, Canoe will also support integration with SS&C Advent Portfolio Exchange (APX), Axys and…