TradingTech Insight Regulatory Reporting & Compliance The latest content from across the platform
Nasdaq to Acquire Trade Surveillance FinTech Sybenetix
Nasdaq has entered a definitive agreement to acquire Sybenetix – a UK-based start-up that we introduced during our fintech showcase at last year’s A-Team Group Intelligent Trading Summit in London. The price of the acquisition hasn’t been disclosed, but Nasdaq plans to make Sybenetix and its flagship product Compass part of its Smarts and TradeGuard…
TickSmith Gets Funding for Its TickVault Big Data Platform
It was encouraging this week to see VC interest in high-performance data management technology for financial markets, a segment often overlooked by fintech funds. TickSmith has announced a C$2 million investment from Illuminate Financial Management LLP, a venture capital firm with a specific focus on capital markets financial technology, giving it some clout as it…
Calypso/List & Ullink/Enfusion Launches Herald Return of STP
More evidence this week of the growing importance of post-trade capabilities, as trading system provider Calypso Technology teams with electronic trading platform supplier List, and trading and connectivity specialist Ullink hooks up with order and execution management systems (OEMS) vendor Enfusion. Driven in part by regulatory requirements, among them MiFID II’s record-keeping obligations and the…
Vela Adds to Object Trading to Growing Portfolio of Managed Services Components
In another burst of corporate activity, Vela Trading Technologies has agreed to buy Object Trading, a provider of Direct Market Access (DMA), pre-trade risk, and analytical applications. The deal follows hot on the heels of Vela’s recent acquisition of OptionsCity and adds to Vela’s portfolio of high-performance trading and market data offerings. In particular, Object…
MiFID II – Are we nearly there yet?
The Financial Conduct Authority’s (FCA) publication of its final policy statement on the implementation of Markets in Financial Instruments Directive II (MiFID II) early this week underlines the mantra of ensuring transparency around processes and the protection of client money. It clarifies issues around provisions including inducements in relation to research, best execution and taping,…
GoldenSource Integrates eXtremeDB to Speed Up Regulatory Response
GoldenSource has integrated its Risk Master platform with McObject’s eXtremeDB to deliver an enterprise data management (EDM) solution capable of responding to regulations demanding fast access to vast data volumes. Initial use cases of the integration include compliance with Fundamental Review of the Trading Book (FRTB) regulation and the best execution elements of Markets in…
MiFID II Drives Widespread Market Data Operations Changes
As the largest European exchanges, along with many other European trading venues, change or update systems to be compliant with MiFID II provisions concerning best execution, firms are finding they must also update the way they interact with these exchanges and venues. Market data and automated trading order execution systems provider Redline Trading Solutions has…
Singapore Firm Adds Ullink Post-Trade System
Singapore-based asset management company Village Capital, which invests mainly in Japanese equities, recently began using Xtrain, a Ullink system which addresses post-trade functions including trade reconciliation, reporting and performance data management. Village Capital chose Xtrain, after already using Ullink’s Xilix execution management system, to stop performing post-trade functions completely manually, as it had been. Taking…
Quantave Debuts Blockchain Liquidity Infrastructure
Trade life-cycle infrastructure provider Quantave has begun beta testing of a digital assets infrastructure that aims to improve access to liquidity available in digital currencies such as Bitcoin and Ether, according to Paul Gordon, CEO of the company. The volume of digital assets trading can be as much as $2 billion daily worldwide. “Accessing available…
IHS Markit Builds out MiFID II Product Portfolio
IHS Markit’s collaboration with Deloitte on MiFID II counterparty entity classification and terms of business repapering builds out the company’s MiFID II product portfolio, which already includes transaction reporting based on the IHS Markit enterprise data management (EDM) solution. The Deloitte collaboration follows IHS Markit’s introduction of the Outreach360 regulatory compliance communication platform last month…