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Meritsoft Unveils Advanced Platform for Post-Trade Process Automation
Meritsoft, a subsidiary of Cognizant that specialises in post-trade process automation, has launched its next-generation technology platform offering advanced post-trade process automation capabilities. Built using the latest technologies, the new platform aims to deliver operational efficiency gains and cost optimisation opportunities by better supporting firms’ post-trade processing requirements across fails management, financial transaction taxes (FTTs),…
Broadridge and Iress Partner to Enhance Trading Solutions for UK Market Makers
Broadridge Financial Solutions has announced a strategic partnership with financial technology software company Iress, under which Broadridge’s order management system (OMS) and its Tbricks market-making platform will be integrated with Iress’s Retail Service Provider (RSP) network. The integration aims to provide market makers with streamlined order management, enhanced market connectivity, real-time data, analytics, and robust…
Leveraging Interoperability – Laying the Foundations for Unique Best of Breed Solutions
With today’s traders being surrounded by a multitude of applications on their desktops, including order/execution management systems (O/EMSs), various data analytics tools, news feeds, chat/communication platforms, trade blotters and of course the ubiquitous Excel spreadsheets – most of which need to be used simultaneously – the need for seamless communication between those applications has never…
Celoxica Strengthens APAC Presence with Sydney Office and Enhanced Offerings
Celoxica, provider of ultra-low latency market access gateway and feed handler solutions, has opened a new office in Sydney to support its global expansion and to service customers across the APAC region. The company has appointed Ben Tyas to head up the region. Tyas comes with considerable expertise in low-latency trading technology and customer support,…
Orient Futures Singapore Adopts Integral’s FX Platform to Enhance Client Experience Amid Rising Demand
Futures and FX broker Orient Futures Singapore has deployed an end-to-end currency trading platform from currency technology provider Integral, with the aim of improving clients’ trading experience, streamlining trading operations and accessing a broader market. The move to adopt Integral’s platform comes after Orient Futures Singapore witnessed surging demand for its services across the Asia/Pac…
Bloomberg Introduces Bridge AXE for Enhanced Anonymity and Trading Interest Discovery
Bloomberg has launched Bridge AXE, an extension of the Bloomberg Bridge intermediated workflow, allowing participants to anonymously post to other Bridge participants and identify trading interests using Bloomberg’s liquidity discovery tools. This follows the launch of Bloomberg Bridge in 2022, which has now grown to more than 650 active client firms. Bridge AXE allows buy-side…
Bloomberg Finalises Acquisition of Broadway Technology to Boost O/EMS Capabilities in Credit and Rates Markets
Bloomberg has completed its acquisition of front-office solutions vendor Broadway Technology. By bringing together Bloomberg’s Electronic Trade Order Management Solutions (ETOMS) and Broadway’s low-latency execution management solution, the transaction will help further the development of a comprehensive, low-latency O/EMS for the credit and rates markets. The acquisition aims to deliver solutions that provide greater asset…
Modernising Front to Back Trading Technology
The evolving landscape of trading technology presents both challenges and opportunities to financial institutions. From the integration and application of AI on the trading desk to the promise of digital ledgers in the post-trade environment, such trends emphasise the importance of internal agility, the ability to swiftly adapt to changes, and the need to strike…
big xyt Introduces Real-time Data Analytics Service for European Trades
Hot on the heels of launching its Trade Explorer data analytics platform (a joint venture with JSE), big xyt, the independent provider of financial market data and analytics, has launched a new real-time data analytics service that provides a consistent and normalised dataset of European trades and EBBO (European Best Bid and Offer) benchmark prices….
Post-trade AI Insights Must be Built on Solid Data Foundations – Not Quicksand
By Marion Leslie, head of Financial Information, SIX Group. When you strip away the hysteria surrounding artificial intelligence (AI), what remains are numbers. Some of these tell a captivating story of relentless AI demand. For instance, computer chip developer Nvidia this year added $220bn to its market capitalisation in only an hour after reporting earnings…