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Quod Financial Signs Four New Clients, as Demand for Automation and Multi-Asset Solutions Grows
Multi-asset OMS/EMS trading technology provider Quod Financial has secured four new clients – CMC Markets in London, Kepler Chevreux in Paris, SKB Bank (Sinara) in Russia and an undisclosed major bank in Saudi Arabia – to satisfy a range of functional requirements around automated trading, across multiple asset classes. CMC Markets Connect is leveraging Quod’s…
Turquoise Plato Connects to OpenFin to Improve Buy-Side Workflow
Turquoise Plato, the London Stock Exchange’s non-displayed order book, has connected to OpenFin, the operating system for enterprise productivity, to deliver application interoperability and a more unified desktop experience for buy-side trading desks. With this collaboration, Turquoise on OpenFin will leverage OpenFin’s open architecture to deliver data directly into trader workflows to support liquidity discovery…
Appital Integrates Equities Book Building Platform with FlexTrade
Fintech startup Appital, the UK-based equity capital marketplace, has integrated its book building platform with FlexTrade, the multi-asset execution management system (EMS) vendor. The integration will enable Appital users to execute large orders in small and mid-cap stocks through the Turquoise MTF, via a single point of access and with seamless straight-through-processing (STP) to over…
SIX Digital Exchange Receives FINMA Regulatory Approval
Swiss exchange operator’s new SIX Digital Exchange (SDX), billed as the world’s first regulated digital market infrastructure, has received formal approval from FINMA, the Swiss Financial Market Supervisory Authority, to operate a stock exchange and a central securities depository for digital assets in Switzerland. The FINMA authorisation will allow SDX to go live with a…
Liquidnet Launches Primary Markets for Electronic Trading of New Bond Issues
TP ICAP’s Liquidnet subsidiary has launched a platform to support electronic trading of new issues in fixed income markets. Liquidnet Primary Markets provides an electronic workflow for new issues in Debt Capital Markets (DCM), together with a new protocol for trading new issues. Integrated into the existing Liquidnet Fixed Income trading application, the solution provides…
CQG Connects to Brazilian Exchange B3 for Trading and Market Data
Trading solutions provider CQG has added Brazilian Exchange B3, one of the world’s largest financial market infrastructure companies, to its global network of exchanges, enabling clients to obtain trading and market data access to the Brazilian markets for their listed commodities, interest rates, treasury, and equities products. B3 futures contracts are now live on the…
SmartTrade Expands Partnership with Japan’s SBI as Demand for Crypto Solutions Grows
Multi-asset electronic trading solutions provider smartTrade Technologies is expanding its partnership with SBI Liquidity Market, a Japanese FX infrastructure solution and liquidity provider, to provide support for SBI FXTrade’s cryptocurrency derivative trading operations, which will complement the existing FX business of SBI Liquidity Market. SmartTrade is seeing increasing demand for its cryptocurrency & digital asset…
TradingTech Insight Q&A: The Post-Brexit Liquidity Landscape
With Gareth Exton, Head of Execution & Quantitative Services Distribution (EMEA) at Liquidnet. Just over six months after the UK left the EU, and with equivalence now officially off the table, the UK and EU do seem somewhat aligned on their overall objectives for financial markets, but are pursuing markedly different paths towards achieving those…
Exberry Partners with Arcadier to Bring Exchange-Grade Technology to New Marketplaces
Exberry, an exchange technology provider, will provide infrastructure to enhance user capabilities and price discovery for Arcadier’s marketplace platform. The technology partnership aims to provide Arcadier’s marketplace operators with a unique trading experience, with all the robust features of an established exchange, offering sellers and buyers enhanced price discovery, creating a new, customer-focused, buying experience….
Exchanges Are Becoming Data Marketplaces
Exchanges and other trading venues have long derived revenue from sales of their data; in some cases they operate substantial businesses based around sales of their real-time quotes and other market data services. But few are well set up to deal with growing demand for other datasets they may generate from their core activities, such…