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Appital Bookbuilding Platform Adds TS Imagine to Growing List of Integrated EMSs
Appital, the Equity Capital Marketplace, has integrated TS Imagine’s multi-asset EMS to the Appital bookbuilding platform, to provide buyside clients with greater access to liquidity. The announcement follows the recent Appital collaboration with executing brokers Instinet and Bernstein, and EMSs FlexTrade and FactSet Portware, in anticipation of Appital’s launch later this year. Driven by demand…
NowCM and Liquidnet Conduct Successful Simulation of New Issue Workflow
The NowCM Group, digital solutions and infrastructure provider for the primary debt markets, together with Liquidnet, the global institutional investment network, has successfully performed its first simulation of a deal origination and order submission, which involved two leading dealer banks, transaction counsel and a leading European frequent issuer, together with Liquidnet. The simulation delivered real-time…
Higo Bank Selects Tora EMS for Equities Trading
Tora, the order and execution management system vendor recently acquired by London Stock Exchange Group, has been selected by Higo Bank to upgrade their electronic equity trading operations. Higo cited Tora’s Japanese GUI, trade management and position monitoring tools, and a compliance engine set up for Japanese market regulations as key selection criteria. Higo was…
FactSet’s Portware Becomes Latest EMS to Integrate with Appital’s Bookbuilding Platform
Appital, the equity capital marketplace, has added FactSet’s Portware EMS to its growing list of integrations, following FlexTrade and Instinet. The integration of Appital’s bookbuilding platform in Portware automates what has traditionally been a highly manual process, while at the same time giving buyside traders the ability to place very large orders or participate in…
MarketAxess Selects DataBP to Automate Data Licensing and Post-Sales Processes
MarketAxess, operator of an electronic trading platform for fixed income securities and provider of market data and post-trade services for global fixed income markets, is working with DataBP, a data licensing and commercial management platform, to support and automate its data licensing and post-sales processes. DataBP says that as data consumption methods in financial services…
Cowen Launches Cowen Digital LLC, Providing Digital Asset Trading and Custody Solutions for Institutional Investors
Cowen Inc, the financial services firm that operates a broker dealer and an investment management division, has launched a new division, Cowen Digital LLC, offering institutional clients full-service trade execution and custody solutions for digital assets. Custody solutions are provided through Cowen’s strategic partnership with Polysign’s Standard Custody & Trust, and prime brokerage is provided…
IPC Launches Connexus Alpha for Ultra-Low Latency Connectivity
Connectivity solutions provider IPC has expanded its electronic trading portfolio with the launch of Connexus Alpha, which will enable financial markets participants to connect to key global liquidity venues through ultra-low latency optimised point-to-point optical fibre connections. Connexus Alpha, which IPC claims will offer a speed advantage in executing complex trading strategies while reducing the…
The Broker Club and ACI UK Collaborate on Programme of Education and Community Activities
The Broker Club, the industry network for broker firms within capital markets and ACI UK, the community for individuals involved in FX markets, have agreed to collaborate on a programme of education and community events, for the mutual benefit of their respective member communities. The industry associations will also offer discounted membership to individuals and…
Trading Technologies Acquires Algorithmic Executions Specialist RCM-X
Following its acquisition by 7RIDGE late last year, Trading Technologies (TT), a provider of trading software, infrastructure and data solutions, has acquired RCM-X, a Chicago-based technology provider of algorithmic execution strategies and quantitative trading products. RCM-X’s solution set includes trade analytics, independent transaction cost analysis (TCA), and back-testing and simulation services. The RCM-X engineering team…
LMAX Partners with SIX to Launch Cash-Settled Crypto Futures
LMAX Group, which operates trading venues for foreign exchange and cryptocurrencies, has partnered with Swiss financial infrastructure provider SIX, to launch cash-settled, centrally cleared crypto-asset futures. Pending regulatory approval, the launch is planned for the third quarter, and will initially include centrally cleared US dollar-settled Bitcoin and Ethereum futures, trading 23 hours, five days a…