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McKay and Quincy Offer Low Latency Market Data Across New Jersey Equity Triangle
McKay Brothers and Quincy Data have connected the exchanges in the New Jersey Equity Triangle with what they say is the lowest latency in the market. The companies’ services link equity exchanges in Mahwah, Carteret and Secaucus, with the McKay network currently offering two-way market data and private bandwidth services between Mahwah and Carteret as…
OpenFin Offers Low-cost OS to Start-ups and Initiates Services Framework
OpenFin continues to build out its interoperable financial desktop with the offer of its Enterprise Edition OpenFin operating system at a ‘dramatically’ reduced rate for early stage fintechs and start-ups. The initiative is designed to allow emerging businesses to build applications on the OpenFin OS alongside larger players, accelerating innovation and collaboration, and delivering additional…
Refinitiv Banks on Silver Lining as Cloud Delivery Features High on Trading Product Agenda
As it comes to terms with its new ownership under Blackstone Group, Refinitiv is continuing apace with its long-stated aim of incorporating cloud into its delivery options for the trading environment. Acknowledging that not all trading-related data and activities are appropriate for cloud, the company is deep into its programme to offer cloud delivery where…
ION Group Acquires Allegro Development
ION Group has acquired Dallas-based Allegro Development, a commodity management solutions provider. The acquisition of Allegro is designed to expand ION’s footprint in commodities and its portfolio of enterprise solutions. Allegro intends to continue to expand its suite of offerings, while its clients can benefit from ION’s additional scale and offerings. ION last year acquired…
Addressing the Challenges and Realising the Benefits of a ‘Cloud First’ Policy
By Andy Mather, European Financial Services Industry Specialist, Telstra. The move to a ‘cloud first’ policy by financial firms is a tantalising idea. After all, which chief technology officer wouldn’t want to seriously reduce their company’s on-premise compute and storage costs, while at the same time boosting agility and ability to profit from new, innovative,…
big xyt Extends Analytics Platform to Include TCA Functionality
Following consultation with clients, independent data analytics provider big xyt has added Transaction Cost Analysis (TCA) to its platform. The company’s aim is to apply analytics to create a consolidated view of a fully automated trading environment that traders can access to assess trends. big xyt solutions specialise in normalising and storing trade data. Using…
Nucleus195 Partners Acuris to Join TIM Trade Idea Network
Nucleus195, a provider of global research and content across developed, emerging and frontier markets, has partnered with TIM, an Acuris company. The partnership will give content providers on the Nucleus195 platform an opportunity to potentially profit from their trade ideas via the TIM trade idea network. Colin Berthoud, founding partner at TIM, says Nucleus195 has…
Liquidnet Adds Ecosystem Pro Multi-Order Execution Solution
Liquidnet has expanded its Execution Ecosystem with the release of Ecosystem Pro, an intelligent workflow and blotter management tool designed to help buy-side traders analyse, monitor and automate execution strategies across multiple symbols simultaneously in the Execution Ecosystem. The ecosystem complements Liquidnet’s institutional liquidity pool by providing customisable trader intelligence tools to manage and course…
Imandra Gains Seed Funding for AI Platform Designed to Make Algos Safe
Imandra, creator of a cloud-native automated reasoning engine designed to make algorithms safe, has completed a $5 million round of seed funding led by UK and US investors AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used to support application of the company’s Reasoning as a Service platform in financial services and…
CME Group Releases ENSO Data Insights
CME Group has released ENSO Data Insights, a benchmarking tool using ENSO’s alternative dataset. ENSO is part of the CME Group. Data Insights gives hedge funds, asset managers and banks access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position…