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Algorithmic Trading and Smart Order Routing Post-MiFID II
A-Team Group’s London TradingTech Summit on February 27, 2019 hosted a lively discussion on Post-MiFID II use of algorithms and smart order routers (SORs). Gavin Williamson, former managing director, global head of product development and regulatory change at HSBC, moderated the debate that ranged from total cost analysis (TCA) and pre- and post-trade analytics to…
Beeks Financial Cloud Partners BeQuant Exchange
In a partnership facilitated by Equinix, Beeks Financial Cloud will host cryptocurrency exchange BeQuant’s matching engine on Beeks’ network within the Equinix LD4 data centre in London. . Operating in nine Equinix data centres, Beeks provides ultra-low latency hosting and connectivity. CEO of Beeks Financial Cloud, says: “The cryptocurrency market is constantly expanding, and by…
Gluskin Sheff + Associates Selects Broadridge Investment Management Platform
Wealth manager Gluskin Sheff + Associates has enlisted the help of Broadridge Financial Services to implement the latter’s hosted investment management platform and gain access to order management, compliance and data analytics capabilities. Jeff Moody, president and executive officer at Gluskin Sheff, says working with Broadridge allows the firm to pursue and execute growth opportunities…
TickSmith Partners with Vela for TCA Solution
Montreal-based TickSmith has added Vela’s SuperFeed to the range of data feeds available to users of its high-performance database platform. A project to deliver a cloud-based transaction cost analysis (TCA) solution for a Tier 1 global investment bank was the catalyst for the partnership. According to Francis Wenzel, TickSmith CEO, the unnamed investment bank was…
AkinovA Marketplace Selects Trading Technology from Aquis
AkinovA has selected Aquis Technologies, the financial and regulatory technology arm of Aquis Exchange, to provide part of its marketplace technology stack. AkinovA and Aquis have already developed specific functionalities and services for use in AkinovA’s electronic marketplace for the transfer and trading of (re)insurance risks, and AkinovA is incorporating Aquis solutions including the vendor’s…
London Stock Exchange Invests in Cryptocurrency Startup Nivaura
Nivaura, a regulated fintech company that has developed a platform to automate primary issuance and administration of financial assets through a blockchain infrastructure, has closed a $20 million funding round from prominent partners including the London Stock Exchange (LSE). The funding will allow Nivaura to expand, complete product development more quickly and meet clients’ increasingly…
Brexit: FIA Co-Signs Letter to European Commission on Equivalence of Trading Venues
The FIA, along with numerous other industry organisations, has signed a letter to European Commission Vice President Valdis Dombrovskis regarding the equivalence of UK trading venues. The letter requests urgent action by the EU authorities to adopt equivalence decisions regarding UK trading venues under EMIR and MIFID in the event of the UK leaving the…
SX Sells its 18.6% Stake in IRESS
The Australian Securities Exchange (ASX) has entered an agreement to sell its 18.6% stake in IRESS, terminating an 18-year investment in the developer of software and services for financial markets and wealth management. The sale has been underwritten at a fixed price of $11.95 per share and is expected to realise gross proceeds of $385…
CAT NMS Names FINRA as Plan Processor for the CAT after Dropping Thesys
CAT NMS has selected the Financial Industry Regulatory Authority (FINRA) as plan processor for the consolidated audit trail (CAT), having dumped previous plan processor Thesys Technologies earlier this year. CAT NMS, which is responsible for implementation of the CAT, has also released updated industry member technology specifications and industry member technical specifications scenarios.
TradingTech Summit Discusses Brexit, Market Complexity, Innovation, and More!
A-Team Group’s first TradingTech Summit under the TradingTech Insight brand got off to a great start with Beate Born, executive director of risk and regulatory management at UBS Wealth Management, providing an inspirational industry keynote on the outlook for risk, regulation and sustainability in 2019. The presentation not only set the scene for the summit,…