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LIST Upgrades FastTrade Solution to Enhance Access to Cboe Europe’s Equity Trading Mechanisms
LIST, an ION company, has enhanced its FastTrade trading solution to provide access to additional equity trading mechanisms from Cboe Europe. The upgrade allows LIST’s customers to connect to Cboe’s Dark and Periodic Auction Books, which are the largest in their categories, alongside existing access to the Lit Order Books. The enhanced sweep functionality enables…
T. Rowe Price Goes Live with Propellant Digital’s Transparency Data via FlexTrade’s FlexFI EMS
FlexTrade Systems, the global provider of execution and order management systems, has announced that T. Rowe Price Associates, Inc. is now live with Propellant Digital’s fixed-income transparency data offering, integrated through FlexTrade’s FlexFI execution management system. Propellant Digital’s platform delivers real-time insights and analytics on bond market activity, helping financial institutions navigate the electronification of…
Practicalities of Implementing Interoperability and Low Code No Code Development Frameworks
Two technologies have recently emerged as pivotal enablers of innovation in the financial markets sector: interoperability and low code/no code (LC/NC) development frameworks. These tools promise to streamline workflows, enhance user experiences, and accelerate product development. But what are the practicalities of implementing them in the complex environment of capital markets? How can firms balance…
How to Successfully Integrate and Deploy AI in Trading Analytics and Research
The rapid evolution of artificial intelligence (AI) and machine learning (ML) technologies has the potential to revolutionise the way financial markets operate, not least by providing new opportunities for enhancing trading analytics and research. So how can firms effectively integrate AI into their trading workflows? What are the challenges and opportunities associated with leveraging data…
Sequitor Partners with LSEG to Offer Simulation Service Using LSEG PCAP Data
Sequitor Engineering, the simulation service provider for electronic financial markets, has formed a partnership with the London Stock Exchange Group (LSEG) to jointly offer its simulation services alongside LSEG’s PCAP (packet capture) data. This collaboration enables Sequitor’s clients to run highly realistic simulations using native wire-format market tick data, captured directly at LSEG’s exchange data…
BGC Group and Leading Banks Launch FMX Futures Exchange, Offering SOFR Futures Trading
BGC Group, Inc. has launched the FMX Futures Exchange in collaboration with ten leading investment banks and market-making firms. The new exchange, which is now live, offers trading of SOFR futures, the largest notional futures contract globally. Plans are in place to introduce U.S. treasury futures by Q1 2025. The FMX Futures Exchange aims to…
Nasdaq and BYMA Expand Partnership to Overhaul Argentina’s Post-Trade Ecosystem
Nasdaq and BYMA, Argentina’s leading stock exchange group, have expanded their technology partnership to overhaul BYMA’s entire post-trade ecosystem using Nasdaq technology. As part of the agreement, BYMA will implement Nasdaq’s real-time clearing platform at its central counterparty clearinghouse (CCP), enhancing the speed, capacity, and risk management of its post-trade operations. This new platform complements…
ICE and IPC Systems Launch ICE Voice for Integrated Trading Communications
Intercontinental Exchange, Inc. (ICE), together with trading communications solutions provider IPC Systems, has successfully launched the ICE Voice platform it announced earlier this year. ICE Voice is a cloud-based audio solution integrated into ICE Chat, ICE’s instant messaging platform for commodities traders and other global market participants with over 120,000 users. The new ICE Voice…
BGC Group to Launch FMX Futures Exchange for U.S. Interest Rate Futures
BGC Group, Inc, in collaboration with ten leading global investment banks and market-making firms, has announced the launch of the FMX Futures Exchange (FMX) for U.S. interest rate futures. The new exchange will go live on Monday, 23 September 2024, at 9:00 p.m. ET, initially offering Secured Overnight Financing Rate (SOFR) futures, with plans to…
London Stock Exchange Group Acquires Veris Post-Trade Processing Business from Axoni
Trade workflow applications and real-time data replication technology provider Axoni has agreed to sell its post-trade processing business and related intellectual property to the London Stock Exchange Group (LSEG). Launched in 2020, Veris is a post-trade reconciliation and lifecycle management platform for equity swaps, used by leading banks and asset managers. The platform streamlines data…