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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…
Could EU Probe of LSE’s Refinitiv Acquisition Force Spin-Off of TradeWeb?
The European Commission’s investigation into the London Stock Exchange’s proposed $27 billion acquisition of Refinitiv under the EU Merger Regulation – announced this week – will examine potential competitive issues stemming from the parties’ respective ownership of market-leading European government bond trading platforms MTS and TradeWeb, respectively. The commission says it has ‘horizonal concerns’ about…
Recorded Webinar: Financial Services Infrastructure in the Post-Covid Environment
The Covid-19 pandemic has shaken financial institutions’ working practices to the core. Trading volumes have exploded, with some venues recording more than 10X the usual volume of transactions. Volatility has raged, with the benchmark VIX index testing new highs. And nor are these one-offs; the impact has been sustained since the virus hit in early…
Societe Generale Luxembourg Taps big xyt for Execution Analysis
Societe Generale Luxembourg has deployed big xyt’s execution analytics platform at its multi-asset trading operation, which provides execution services to the French bank’s wealth management department and other investment management services aimed at high-net-worth investors. According to Mark Montgomery, head of strategy and business development at big xyt, Societe Generale’s use of the analytics platform focuses on its equity…
OMD Launches European Composite Tick Database
Tick data management specialist OneMarketData has released a European Composite Trade & Quote (ECTQ) Database, which aggregates data from 33 exchanges, multilateral trading facilities (MTFs) and dark pools. The offering is aimed at providing financial institutions with the data they need to perform transaction cost analysis (TCA) in support of the best execution and other regulatory obligations….
Devexperts Launches DXtrade as a SaaS Trading Platform for FX/CFD Brokers
Software provider Devexperts this week launched DXtrade, a new SaaS (Software-as-a-Service) trading platform for the retail FX and CFD industry. DXtrade is an off-the-shelf trading platform that allows brokers to determine their own layout and setup in order to differentiate themselves from the wider market. This includes back-end configurations, where brokers can set up limits,…
Tourmaline Secures Majority Investment from Copley to Fund Growth
Tourmaline Partners, which provides trading solutions to buy-side clients on an outsourced basis, has secured a majority investment from private equity firm Copley Equity Partners. The company will use the funds – terms weren’t disclosed – to finance its geographical expansion from bases in Stamford, Conn., London and Sydney, to expand its asset class coverage…
Rapid Addition’s RA Platform 3.0 Address ‘Buy and Build’ Imperative
London-based trading technology provider Rapid Addition has released version 3.0 of its RA Platform, a middleware solution for handling electronic trading messaging, allowing firms to customise their trading connectivity set-ups to best suit their requirements. The new version aims to support firms’ growing tendency toward ‘buy and build’ as they seek to optimise their use…