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Charles River Integrates Investment Management Solution with ChartIQ
Charles River Development, a State Street Company, has integrated its investment management solution, Charles River IMS, with ChartIQ, enabling the company to provide institutional traders with visualisation tools that deliver greater insight into data around investment decisions. The integration helps traders conduct pre-trade technical analysis, gauge in-trade market impact and better understand post-trade execution quality….
Exegy Delivers Website Reporting Performance and Value of Signum Real-time Trading Signals
Exegy, a provider of low-latency market data solutions and predictive analytics, has released a new website providing daily reports on the performance and value of its Signum portfolio of real-time trading signals. One report estimates the net price improvement in US equity trades that is achievable when using Exegy’s Quote Vector, which accurately predicts the…
BMO Acquisition of Clearpool Adds Holistic Trading Platform, Algo Management System and Broker-dealer
Clearpool, a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer, has entered a definitive agreement to be acquired by BMO Financial Group, parent of BMO Capital Markets. Clearpool expects the acquisition to accelerate development of its trading technology and provide infrastructure to become a global provider of a multi-asset electronic…
Digital Assets, Crypto Products and AI will Reshape Trading Industry
Digital assets and artificial intelligence (AI) will reshape the trading industry as clients show increasing interest in trading digital assets and traders expect AI to take the market in one of two ways – either creating more trading opportunities for traditional equities and reducing the cost of trading, or creating more volatile market conditions. According…
US SEC’s Radical Overhaul of Consolidated Tape Sparks Debate on Future of Equity Market Data
The US Securities and Exchange Commission (SEC) consultation on the future of the three consolidated tapes that are produced for equity trading could lead to a radical shake up of the consolidated tape system – or the disappearance of the consolidated tape completely. The industry debate may become intense, as the outcome may have ramifications…
UK and European Regulators Seek to Strengthen Cloud Rule Framework
As trading firms seek to leverage the operational benefits presented by cloud hosting and delivery, UK and European regulators are launching initiatives to improve risk management and ensure resilience of financial markets participants’ cloud-based activities. For many trading firms, cloud offers a compelling solution to a growing number of use cases. The Association for Financial…
US Restricts Pre-Release of Economic Data to Thwart ‘Unfair’ Early Algo Access
The US Bureau of Labor Statistics has restricted the pre-release of Labor Dept. economic data announcements to prevent pre-loading of potentially market-moving data into accredited news organizations’ clients’ trading algorithms, giving them an unfair advantage. According to the Office of the Inspector General, these news organizations were “are able to profit from their presence in…
CIAM Selects Steeleye for Trade Surveillance, Best Execution and Trade Analytics
CIAM, an event driven investment management firm focused on special situations and using activism as one of several tools to unlock shareholder value, has replaced its existing technology set up with SteelEye regulatory compliance and analytics solutions. The firm has licensed SteelEye’s trade surveillance, best execution and core package, which includes record keeping, trade reconstruction…
BMLL Appoints Paul Humphrey as CEO to Drive Up Business Scale
BMLL Technologies, a data engineering and analytics firm initially spun out of the machine learning labs in the engineering department at Cambridge University, has appointed Paul Humphrey as CEO with responsibility to drive up the scale of the business and realise its mission to democratise access to granular market data and analytical products at speed…
Velocimetrics Cuts Costs with Software Only Network Monitoring and Cloud Traffic Storage
Velocimetrics has released stream2Cloud, a software only network monitoring and traffic storage solution that can be used across multiple sites and provides access to real-time enterprise analytics. The solution is based on tried and tested Velocimetrics technology, such as network traffic capture protocol decoders developed for real-time analytics. It can be integrated with Velocimetrics’ VMX…