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FINRA CAT Selects AWS to Support Consolidated Audit Trail Platform
The US Consolidated Audit Trail (CAT) has taken another step forward with FINRA CAT, the CAT plan processor, selecting Amazon Web Services (AWS) as cloud provider for the audit trail of order information for all US equity securities and listed options across US markets and trading venues. AWS storage, compute, database, analytics and security services…
QuantHouse Adds DVeX Cash Cryptocurrency Data to API Ecosystem
DVeX, the electronic digital asset exchange operated by DV Chain, is working with QuantHouse to make its real-time and historical data for cash cryptocurrency pairs available through QuantHouse’s API. QuantHouse clients will be able to access market data from DVeX via the QuantFEED API. Streaming data will be disseminated through QuantHouse’s global fibre optic network,…
ESMA Finally Puts Its Foot Down on Consolidated Ticker Tape
The European Securities and Markets Authority (ESMA) has bitten the bullet on a real-time consolidated ticker tape for European equities, following the failure of an industry-led solution to emerge. In a review of market data pricing published today, the regulator warns that market data costs under MiFID II are still too high, confirming plans to…
Exchanges Can Justify High Fees – But Only if They are Adding Value
By Neill Vanlint, Head of Global Sales & Client Operations, GoldenSource. Across global financial markets, it is hard to think of a more contentious issue right now than the prices exchanges are charging for their trading data. Some high-profile potential acquisitions, including the London Stock Exchange’s $27 billion bid to buy Refinitiv, mean there could…
First New York Implements LiquidityBook’s SaaS Based POEM System
FNY Investment Advisers (First New York), a multi-strategy investment firm, has implemented LiquidityBook’s SaaS-based LBX Buy Side as its portfolio, order and execution management system (POEM). The firm previously used three providers for varying amounts of time, but they were unable to support the volume which First New York trades, the speed with which it…
McKay Brothers Adds Low-Latency Market Data Distribution in Mumbai
McKay Brothers International has expanded its low latency market data services to India. The company’s Quincy Extreme Data (QED) market data service now distributes select London Metals Exchange data at Mumbai’s Banda Kurla Complex (BKC) in less than 51 milliseconds one-way. In addition, McKay offers select Aurora, Illinois sourced metals, energy and FX futures data…
Citi Cites Rapid Addition FIX Engine Deployment in FX e-Trading Growth
Citi has attributed its recent growth in market share in the electronic trading segment for foreign exchange in part to its deployment of Rapid Addition’s FIX engine and Hub platform. Citi implemented the Rapid Addition capabilities within the new pricing technology it uses in support of its spot FX business, allowing clients to connect via…
Goldman Sachs Throws Weight Behind Open Source with Contribution of PURE and Alloy to FINOS
Goldman Sachs has thrown its weight behind the Fintech Open Source Foundation (FINOS) with a major open source contribution of a logical modelling language, internally named PURE, and a platform and visual modelling tool that generates PURE-based models, known within Goldman as Alloy. The contribution is designed to encourage banks to further adopt open source,…
Velocimetrics Adds Context Navigation Panel to VMX EndToEnd Monitoring and Analytics
Velocimetrics, a provider of business flow tracking and real-time, in-stream performance analytics, has made enhancements to its VMX EndToEnd product. The company released VMX v9.0 earlier this year, with the new v9.2 building on this offering and making powerful data lineage more accessible and easier to use. Among additions to v9.2 is a Context Navigation…
Kx and DataRobot Partnership Applies AI to Time Series Data, Generates Fast Actionable Insights into Market Data
Kx has partnered DataRobot, a provider of enterprise artificial intelligence (AI), to offer financial institutions a scalable high-performance solution for applying AI to time series data. By integrating DataRobot’s Enterprise AI Platform with the Kx in-memory time series database kdb+, consumers of market data can quickly generate actionable insights for agile, strategic business decisions. Rob…