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Meritsoft Launches New Trade Tracking and Exception Manager Solution for Enhanced Settlement Efficiency
Meritsoft, the Cognizant company specialising in post-trade automation, has unveiled its new Trade Tracking and Exception Manager (TTEM) solution, designed to offer comprehensive insights into settlement operations for financial institutions. The launch aims to improve operational resilience and efficiency for market participants, minimise settlement failure rates, and elevate client service and reporting standards. The cross-asset…
ANZ Partners with CobaltFX for Enhanced FX Credit Management
The Australia and New Zealand Banking Group (ANZ) has integrated CobaltFX’s Dynamic Credit platform to manage its FX trade credit exposure management across interbank trading venues. The move underscores ANZ’s commitment to adopting innovative, real-time solutions for FX credit management that centralise and optimise the distribution of credit across multiple trading venues from a single,…
Sigma Broking Expands Partnership with ION to Utilize XTP Execution Suite for LME Trading
ION, the solutions vendor for capital markets, commodities, and treasury management, has extended its partnership with international brokerage firm Sigma Broking. Sigma will now deploy ION’s XTP Execution (XTP-E) suite, enhancing its capability to trade listed derivatives on the London Metal Exchange (LME). Sigma Broking, offering broking and execution services across various financial markets, provides…
BNY Mellon Enhances AI Capabilities with NVIDIA DGX SuperPOD Deployment
BNY Mellon, in a significant step towards advancing its artificial intelligence (AI) capabilities, has announced the deployment of an NVIDIA DGX SuperPOD, becoming the first major bank to implement such advanced AI infrastructure. This move was facilitated by a strong partnership with NVIDIA Professional Services, allowing for a faster-than-usual setup of the SuperPOD, which includes…
CQG Unveils AI Predictive Model for Traders in Futures Market, Tested at 80% Accuracy
CQG, the financial markets technology solutions provider, has announced the successful completion of testing of its artificial intelligence (AI) predictive model for traders, boasting an impressive 80% accuracy rate in forecasting the future movements of the E-mini S&P 500 futures contract. The newly developed machine learning (ML) toolkit is designed to provide retail traders and…
Sterling Trading Tech Expands into Asia
Sterling Trading Tech (STT), the independent OMS, risk and trading platform vendor, has unveiled its strategic expansion into Asia for 2024, targeting the key financial hubs of Korea, Hong Kong, and Singapore. This initiative is driven by the demand for more sophisticated OMS and Risk solutions in Asia, and will cater to the needs of…
FlexTrade Integrates with Coinbase Prime for Enhanced Digital Asset Trading
FlexTrade Systems, the multi-asset execution and order management systems provider, has announced its integration with Coinbase Prime, a prime broker platform for digital and crypto assets. This collaboration allows FlexTrade’s clients to access a significant liquidity pool for digital assets through its FlexTRADER EMS and FlexONE OEMS. The integration offers users seamless connectivity, a consolidated…
Archax Partners with Talos to Enhance Institutional Crypto Trading and Custody Services
Archax, the FCA-regulated exchange, broker, and custodian for digital assets, has entered into a strategic partnership with Talos, the institutional crypto trading platform. By incorporating its institutional-grade exchange and custody services into the Talos platform, Archax will leverage Talos’s advanced platform capabilities to provide institutional clients with broader access to a diverse range of crypto…
Modernising the Front to Back Trading Workflow: Getting Ready for T+1 SEC Settlement
With less than three months to go before the North American securities markets transition from T+2 settlement to T+1, firms have faced numerous operational challenges in adapting to the shortened settlement cycle, and have been making comprehensive preparations to modify their existing processes to comply. As the deadline approaches, what are some of the key…
Driving Trading Innovation and Digitisation with Interoperability And Low Code/No Code Technologies
Interoperability and low code/no code technologies on the trading desk are increasingly recognised as modern approaches that contribute to building successful, agile trading platforms. So how can firms implement these technologies effectively to enhance the user experience and reap some real business benefits? And how do they foster a culture that supports the necessary innovation…