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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…
Benefiting from Advanced Execution in US Treasury Markets
The expanded footprint of electronic non-bank liquidity providers (NLPs) and established broker/dealers, as well as the proliferation of electronic aggregation platforms, are all adding complexity to fixed-income markets, which as a result are starting to resemble established electronic markets like equities and foreign exchange. For market participants, this has added to the challenge of sourcing…
Bloomberg Launches All-to-All Bond Trading Service
Bloomberg has launched Bloomberg Bridge, a new global all-to-all service that supports intermediated trading for corporate and emerging market bonds. Users of the service will be able to launch Request for Quote (RFQ) tickets for applicable securities or respond to an RFQ to seamlessly execute a trade, supported by dedicated Goldman Sachs intermediation desks. The…
BidFX Integrates with Finastra, for Automated Trading Workflow
BidFX, the FX execution management system (EMS) vendor, has integrated its platform with Finastra’s Fusion Confirmation Matching Service (CMS), providing combined front office to back office workflow capabilities for mutual clients, from execution to settlement. The end-to-end workflow provided by the combined BidFX/CMS solution aims to increase straight-through processing and reduce operational risk for clients.
ICE Partners with Techary to Provide Hardware Procurement and Managed Services
Market infrastructure provider Intercontinental Exchange (ICE) has launched a global procurement and managed services solution in collaboration with Techary, a global technology solutions provider. The new service, which will be offered by ICE Global Network (IGN) and supported by Techary, will provide customers with end-to-end hosting, hardware procurement, management and support through one single IGN…