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ION to Spin Off Broadway’s Bond Platform in CMA Deal
ION Investment Group will spin off the fixed-income operations of acquisition target Broadway Technology to an investor group led by Broadway CEO Tyler Moeller, under a deal forged with the UK Competition & Markets Authority. The arrangement paves the way for regulatory approval of the transaction. The CMA deal leaves ION to focus on Broadway…
Overbond Launches AI-Based Pricing to Facilitate Bond Trading Automation
Fixed-income analytics specialist Overbond Ltd. has released a new AI-based pricing engine that aggregates bond data from multiple sources to provide traders with more accurate pricing data for measuring liquidity of individual securities and ultimately enabling execution automation. Overbond’s COBI-Pricing Live consolidates historical data on over 30,000 securities – with a refresh rate of under…
Recorded Webinar: Embedding AI & Machine Learning into your trading operations
It’s no secret that AI and Machine Learning are changing the landscape of the trading industry. As these tools and techniques become more mainstream, their availability to even the smallest of financial firms is becoming a more viable proposition. From speech recognition and natural language processing (NLP) to deep learning algorithms and predictive analytics, these…
Talking TradingTech with Andrew Delaney: What’s the Real Deal on AI & Ml for Trading?
My first brush with artificial intelligence was in 1988, when the publication I was working on – the now-legendary Trading Systems Technology (I only recently broke the mug…) – ran an item on how some big Japanese bank in New York had built an ‘intelligent’ buy/sell signal engine based on neural networks. Fast forward to…
Archax’s FCA Approval Paves Way for Institutional Trading of Digital Assets
London-based Archax last week received long-awaited regulatory approval for its digital securities exchange for tokenised assets. The development makes Archax the first FCA-regulated digital exchange, paving the way for institutional market participants to trade in tokenised assets when the exchange launches sometime in 2021. Archax was founded by a group of market practitioners to offer…
LDX Taps Exberry Matching Platform for Expansion Plans
The London Derivatives Exchange has selected newcomer Exberry to provide it with matching engine technology for its expansion into new asset classes and global markets. The deal is Exberry’s first; the company launched its multi-asset class platform in June. LDX plans to use Exberry’s platform to widen the range of asset classes it lists, from…
Quant House Partners with Italy’s EliData
Italian trading software developer EliData has integrated real-time market data sourced from QuantHouse’s QuantFeed API into its smart order router (SOR), arbitrage and best execution capabilities. The collaboration has already resulted in an implementation at a ‘major financial institution’ in Spain, and will be marketed jointly across Europe. Using QuantFeed, EliData is able to provide…
Equiduct Commits to Exactpro in Long-Term Software Testing Deal
Pan-European trading platform Equiduct has extended its master services agreement with Exactpro following a successful proof of concept (POC). Under the arrangement, Exactpro will provide functional testing of Equiduct’s trading software, including its Apex best execution solution for retail brokers. Established as one of the first multilateral trading facilities (MTFs) under the original MiFID regulation,…
The Results Are In… Trading Tech Insight Awards USA 2020
The A-Team Group Trading Tech Insight Awards USA winners were announced this week in the second year of the North American edition, and while we were sad not to be able to hold our usual glittering reception to celebrate the winners, their achievement is no less redoubtable. US market practitioners and suppliers are facing unique…
Primus Deploys Vela’s Metro to Take Advantage of Options Market Volatility
Chicago-based options trading firm Primus Capital has deployed Vela’s Metro trading platform to take advantage of the recent high volatility and trading volumes in the listed options marketplace. Primus was able to deploy the Metro platform on a remote basis and within 48 hours, offering traders working from home robust direct market access and the…