TradingTech Insight Trade Execution Technology The latest content from across the platform
EU Policy Adviser Dr David Doyle Outlines TradingTech Summit Keynote on Impact of EU Regulation
With Brexit just a day away and the EU regulatory agenda for 2020 beginning to unfold, we talk to EU Policy Adviser for Financial Services Regulation, Dr David Doyle, about his expectations for the year ahead, the impact of Brexit on the UK trading industry, and potential amendments to MiFID II. To find out more…
AxeTrading Addresses Best Execution for Fixed Income with Addition of Overbond Analytics
Bond trading software provider AxeTrading has teamed up with fixed-income analytics specialist Overbond to add its COBI pricing analytics to the AxeTrader execution management system (EMS). The arrangement reflects growing demand for analytics to support pricing evidence as regulations like MiFID II sharpen the focus on best execution within the fixed-income arena. The integration allows…
Charles River Integrates Investment Management Solution with ChartIQ
Charles River Development, a State Street Company, has integrated its investment management solution, Charles River IMS, with ChartIQ, enabling the company to provide institutional traders with visualisation tools that deliver greater insight into data around investment decisions. The integration helps traders conduct pre-trade technical analysis, gauge in-trade market impact and better understand post-trade execution quality….
BMO Acquisition of Clearpool Adds Holistic Trading Platform, Algo Management System and Broker-dealer
Clearpool, a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer, has entered a definitive agreement to be acquired by BMO Financial Group, parent of BMO Capital Markets. Clearpool expects the acquisition to accelerate development of its trading technology and provide infrastructure to become a global provider of a multi-asset electronic…
US SEC’s Radical Overhaul of Consolidated Tape Sparks Debate on Future of Equity Market Data
The US Securities and Exchange Commission (SEC) consultation on the future of the three consolidated tapes that are produced for equity trading could lead to a radical shake up of the consolidated tape system – or the disappearance of the consolidated tape completely. The industry debate may become intense, as the outcome may have ramifications…
CIAM Selects Steeleye for Trade Surveillance, Best Execution and Trade Analytics
CIAM, an event driven investment management firm focused on special situations and using activism as one of several tools to unlock shareholder value, has replaced its existing technology set up with SteelEye regulatory compliance and analytics solutions. The firm has licensed SteelEye’s trade surveillance, best execution and core package, which includes record keeping, trade reconstruction…
Horizon Enhances Equity Derivatives EOMS
Horizon Software has released a new version of its sell-side equity derivatives EOMS product, adding improvements to the automation of client order / execution workflow including a more efficient workflow to create and trade derivatives strategies and improve performance. The solution supports a trading scope of over 10 million instruments.
DASH Delivers Alternative Trading System for US Listed Options Market
DASH Financial Technologies, a capital markets technology and execution provider, has released an enhanced liquidity solution within its agency listed-options routing suite, SENSOR. The solution, DASH ATS, is an alternative trading system designed to solve the liquidity sourcing challenges inherent in the US listed options market. Through DASH ATS’s automated Request for Quote process, a…
London Stock Exchange Confirms Murray Roos as Group Director, Capital Markets
London Stock Exchange Group (LSEG) has confirmed Murray Roos as group director, capital markets, and a member of the LSEG executive committee with effect from April 1, 2020. As announced by the group in April 2019, he will replace Raffaele Jerusalmi, who will continue in the role until Roos joins. Roos will report to LSEG…
TP ICAP Plans to Buy Louis Capital Markets and MidCap Partner
TP ICAP intends to buy European brokerage group Louis Capital Markets and MidCap Partners for $21 million in cash. It will also pay deferred sums based on non-contingent and contingent considerations. The interdealer broker expects to complete the deal in the first quarter of 2020, strengthening its equity, equity derivatives and fixed income product line-up…