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NeoXam Partners Ullink to Open Electronic Trading to Buy-Side Clients
Data management software provider NeoXam is providing buy-side customers with direct electronic access (DEA) to brokers for order execution through Ullink’s NYFIX Capital Markets Connectivity Utility. The arrangement strengthens an existing partnership with Ullink and allows asset manager and private bank users of NeoXam’s order and execution management systems to automatically access the services offered…
LiquidityBook Offers LBX Outsourced Trader
Trading solutions provider LiquidityBook has released LBX Outsourced Trader, a portfolio, order and execution management system with integrated FIX connectivity that is designed specifically for outsourced trading desks. LBX Outsourced Trader is a Software-as-a-Service (SaaS) solution providing global multi-asset trading capabilities including order and ticket staging, auto marking, position uploads and stock locate. Orders can…
NICE Actimize Adds Trade Reconstruction Solution for MiFID II
NICE Actimize has added a trade reconstruction model to its surveillance portfolio. The solution uses machine learning analytics to classify and understand content based on previous examples and patented automated correlation capabilities to link trade executions to trade conversations. It can cut trade reconstruction time from days to minutes and is designed to support rapid…
IHS Markit Prepares SI Register to Support MiFID II Reporting
IHS Markit is preparing a registry of systematic internalisers (SIs) to help market participants comply with Markets in Financial Instruments Directive II (MiFID II) trade reporting obligations. The SI list will go live at the end of November on Markit’s Counterparty Manager web portal and will detail SIs operating across European Securities and Markets Authority…
Corvil Tops up MiFID II Solutions with UTC Traceability
Corvil has expanded its Markets in Financial Instruments Directive II (MiFID II) product portfolio with a Coordinated Universal Time (UTC) traceability solution that helps market participants monitor and report electronic trading activity. This is key to the EU’s MiFID II and the US Consolidated Audit Trail (CAT) regulation, which both come into effect in 2018….
TickTrade Recruits Industry Veteran Kennedy to Run Global Sales
Foreign exchange (FX) trading platform provider, TickTrade Systems, has recruited fintech consultant and business development executive Will Kennedy as its global head of sales and marketing. Kennedy has over 25 years’ senior experience, most recently as a partner with the Toronto-based fintech consultancy Collaborative Financial Services. Before that, he held global business development, management and…
LiquidityBook Moves Infrastructure into the AWS Cloud
LiquidityBook has joined the Amazon Web Services (AWS) community having completed the migration of its Software-as-a-Service (SaaS) buy- and sell-side trading solutions to the cloud provider’s global data centres. As a result, the company has points of presence in AWS regions in the US and Europe, and ability to scale up globally across Europe, the…
Revista Arrives in the UK with MiFID II Record Management Solution
Revista Systems, a provider of communications convergence management (CCM) technology to the financial services community, has opened its doors in the UK. The company’s CCM solution creates a record management repository that links every transaction relating to enquiries and trades, from inception to settlement, and plays into the record retention requirements of Markets in Financial…
Vienna Stock Exchange Joins Community of Scila Surveillance Users
The Vienna Stock Exchange has agreed a five-year deal to use Scila Surveillance technology to combat insider dealing, attempted market manipulation and other market abuses. The exchange joins a roster of global exchanges including London Stock Exchange, New York Stock Exchange and the Deutsche Börse that use the Stockholm-based company’s solution. Scila Surveillance provides trading…
SmartStream RDU Fills MiFID II Gap with Systematic Internaliser Register
The SmartStream Reference Data Utility (RDU) is finalising a service – the Systematic Internaliser Register – that will allow systematic internalisers (SIs) within the scope of Markets in Financial Instruments Directive II (MiFID II) to publish financial instruments for which they will offer SI services and firms to identify whether counterparties are SIs and therefore…