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BrokerTec and TriOptima Collaborate on End-To-End Repo Workflow Solution
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, and TriOptima, an infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, have collaborated to create the industry’s first end-to-end repo workflow solution for industry participants, providing full automation across the lifecycle of a repo trade. Connecting the…
Why Markets Must Give Bonds a Data Licence to Thrill!
By Neill Vanlint, Global Head of Sales at GoldenSource. Nothing causes more heated debate than a new bond. As the spectre of the world’s central banks global response to COVID-19 continues, today marks the U.S Treasury’s latest attempt to weather the economic storm by issuing $54 billion worth of debt in the form of 20-year bonds. Depending on…
BCC Group Partners with IBM on ONE Platform for Cloud Distribution
Cloud market data specialist BCC Group International has announced a partnership with with IBM to deliver real-time streaming market data into IBM Cloud Pak for Data and IBM Streams. IBM Paks are lightweight, enterprise-grade, modular cloud solutions, integrating a container platform and open source components along with common software services for development and management. The…
Shield Expands Surveillance Platform with Advanced Workflow Functionality
Israeli RegTech provider Shield has launched a new Advanced Workflow function as part of its wider eComms Surveillance platform, with the goal of helping financial firms to build their own workflows and business processes within the application, ensuring compliance investigations meet the requirements of the business, and enabling different teams to be managed from one…
Hedge Funds Gulping Up Alternative Data for Competitive Gain
Use of alternative data is on the rise, and a new study from the Alternative Investment Management Association (AIMA), in collaboration with fund services and technology provider SS&C, finds that more than half (53%) of surveyed hedge funds globally now use alternative data to help them generate outperformance. Alternative data is unconventional or non-market data…
Pico Taps Frank Troise as Co-CEO
Markets technology and infrastructure specialist Pico has named electronic trading veteran Frank Troise as co-CEO in what current chairman, CEO and founder Jarrod Yuster terms the latest step toward taking the company to the next level of growth. The move – which will tap Troise’s operational expertise to support Pico’s expansion across its target market…
TNS Launches New York Upgrade for Ultra-low Latency Offering
US data communications provider TNS (Transaction Network Services) has upgraded its network in three New York Area data centres with the TNSXpress Layer 1 solution to speed up delivery of market data from NYSE, CBOE, and Nasdaq. The TNSXpress Layer 1, a single hop architecture that is up to 10 times faster than traditional Layer 3…
Boosted.ai Raises $8 Million in Series A Funding
Boosted.ai, a distributed machine learning platform for investment managers, has closed an $8 million USD Series A financing round, led by Portag3 Ventures. Dunamu & Partners and Polar Equity Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at $11 million. Boosted.ai will use the funding to enhance Boosted…
Rapid Addition’s RA Platform 3.0 Address ‘Buy and Build’ Imperative
London-based trading technology provider Rapid Addition has released version 3.0 of its RA Platform, a middleware solution for handling electronic trading messaging, allowing firms to customise their trading connectivity set-ups to best suit their requirements. The new version aims to support firms’ growing tendency toward ‘buy and build’ as they seek to optimise their use…
Nasdaq Launches Cloud Data Service
Nasdaq has finally launched its new long-awaited Cloud Data Service (NCDS), offering access to real-time exchange data, index, and fund data through cloud-based technology from Amazon Web Services (AWS). The solution makes Nasdaq data available through a suite of scalable, cloud-based Application Programming Interfaces (APIs), which utilise open-source delivery standards and a software development kit (SDK)…