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Itiviti Ups the Ante on Trading Systems Testing with VeriFIX Enterprise
Recently merged Itiviti and ULLINK have introduced VeriFIX Enterprise by Itiviti, an integrated platform for automated enterprise-level testing of trading systems. The solution expands on VeriFIX by Itiviti, which helps firms automate manual processes used to test trading systems and offers seamless migration from VeriFIX. Vaibhav Shukla, senior vice president, global services, at Itiviti, explains:…
Directory of MiFID II Electronic Trading Venues 2018
The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their…
TORA Introduces AlgoWheel to Help Firms Create Systematic Best Ex Processes
TORA has introduced an AI-powered AlgoWheel designed to help firms create scalable and systematic best execution processes in line with the requirements of Markets in Financial Instruments Directive II (MiFID II). The TORA AlgoWheel is a quantitative execution strategy optimiser that uses AI technology to automate low-touch order execution or provide real-time market intelligence for…
MiFID II Data Management: Where Are We Now?
Winston Churchill probably doesn’t spring to mind when considering Markets in Financial Instruments Directive II (MiFID II), but his famous Battle of El Alamein description – “This is not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning” – fits the new EU regulation…
FlexTrade Releases FlexNow EMS for Hedge Funds and Mini-Primes
FlexTrade has formally released FlexNOW, an out-of-the-box, broker neutral execution management system (EMS) for hedge funds and mini-primes that want a multi-asset trading system at the click of a button. The EMS supports MiFID II compliance and is designed to handle equities, futures and options trading. It also offers connectivity to leading market data providers,…
Fidessa Adds Tower Research Capital to its Intelligent SI Liquidity Program
Fidessa has added Tower Research Capital to its Intelligent SI Liquidity Program, helping users of its access architecture and smart order routing capabilities meet the liquidity challenges presented by Markets in Financial Instruments Directive II (MiFID II). Tower uses a diverse set of trading strategies across a broad range of asset classes to provide liquidity…
Recorded Webinar: Deploying cloud solutions in modern trading infrastructures
Cloud technology and other hosted solutions are finding increasing favour in in modern trading infrastructures, but how best can they be deployed and what can they deliver? The webinar will discuss the challenges and opportunities of cloud and hosted trading solutions, and detail best practice approaches to deployment. Listen to the webinar to find out…
MiFID II: Unfinished Business
Generic data issues and specific structural issues caused by the implementation of Markets in Financial Instruments Directive II (MiFID II) continue to challenge traders and brokers, despite the regulation’s relatively smooth debut on January 3, 2018 – the so-called ‘Day of the MiFIDs’. The pain points highlighted by an expert panel (see box) discussing the…
Testing Times for Algo Trading
When the EU’s wide-ranging Markets in Financial Instruments Directive II (MiFID II) regulation came into force on January 3, 2018, traders did their best to deliver on its transparency demands and ensure they provided best execution on every trade in Europe, across all asset classes. But in justifying their actions to regulators and clients, firms…
CQG Adds Quantitative Brokers’ Best Execution Algos to its Trading Platform
Quantitative Brokers (QB) has partnered CQG to offer its best execution algorithms for futures trading on the CQG platform. Guy Cirillo, head of partnerships sales at QB, an independent provider of algorithms and data driven analytics to clients in the futures and US cash treasury markets, says: “As one of few independent providers of fixed…