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CISI Selects Bloomberg Buy-side Solutions
China Industrial Securities International Financial Group (CISI), a full-service financial group listed in Hong Kong, has adopted a broad range of Bloomberg’s buy-side solutions including its buy-side order management system, transaction cost analysis, liquidity assessment and Bloomberg Vault. These solutions will enable the group to navigate a fast-evolving global regulatory environment as it positions for…
SEC Releases Long-Awaited Guidance for Rule 606 on Broker Disclosures – But is it Enough?
Rule 606, updated by the Securities and Exchange Commission (SEC) last year to require additional disclosures by broker-dealers to customers regarding the handling of their orders, has caused headaches for the sell-side since it was first proposed – largely due to the complexity of the original 334-page mandate. With the postponed October 1, 2019 deadline…
Would ICE Really Buy Bloomberg?
By Andrew Delaney. The London Stock Exchange’s planned $27 billion acquisition of Refinitiv – the former Reuters – got us thinking: who’s left of the independent market data vendors, and who would buy them? Of the major global vendors that have dominated the space over the past decade or so, only one independent remains. With…
Blaze Portfolio Partners Itiviti to Access NYFIX Services
Blaze Portfolio, a provider of scalable investment portfolio rebalancing and real-time trade order management software, has joined Itiviti’s Global Alliance Program, giving clients access to Itiviti’s NYFIX suite of services including a FIX connectivity network, monitoring and execution reporting. Blaze is also using NYFIX Matching, Itiviti’s post-trade solution that streamlines affirmation, allocation and confirmation matching…
Addressing the Data Issues of Best Execution Under MiFID II and Other Global Regulations
By Peter Lawrey, CEO at Chronicle Software. Regulated trading systems need to record the reasons behind every decision they make with minimal impact on performance. Chronicle Software has worked with investment banks and hedge funds to deliver trading services with a record everything model and low microsecond latencies. Today’s more stringent regulatory environment is placing…
Equinix Takes Platform Approach to Solving Client Problems
Equinix is developing a platform-based approach to solving client problems. The platform will host next-generation services and continues the company’s journey, which started in 1998 with the offer of data centres and moved on to provide solutions including interconnection and cloud services, as well as a focus on developing a capital markets ecosystem. The modular…
BMLL Offers Access to Normalised Level 3 Data and Advanced Analytics at Scale
BMLL Technologies, a cloud-based data-engineering-as-a-service company, has released a derived data service that provides access to normalised, highly granular Level 3 data and advanced analytics. Typically, the company’s derived data capability can process 225 billion messages in a matter of hours rather than days at a significantly reduced cost, allowing market participants to consume bespoke…
Itiviti Partners Brazilian Stock Exchange
Itiviti and B3, the Brazilian stock exchange, have partnered to ensure reliable connectivity between global firms and B3 members. As a member of Itiviti’s Global Alliance Program, B3 is able to provide its members with access to the services, including advanced analytics, monitoring and post-trade processing, Itiviti offers through its NYFIX portal. The partnership will…
FlexTrade Integrates ACA’s Surveillance Technology with FlexNOW EMS
FlexTrade has partnered ACA Technology Solutions to help mutual clients manage trade surveillance and compliance using ACA’s Decryptex surveillance technology across the company’s FlexNOW cloud-based execution management system (EMS). Shoshana Wainer, head of compliance at Albar Capital and a user of the combined solution, says: “FlexNOW and Decryptex are stand-out products supported by highly-responsive and…
Charles River Expands Collaboration with MarketAxess
Charles River Development, a State Street Company, has expanded its collaboration with MarketAxess, a provider of e-trading for global fixed income. Under the expansion, Charles River clients will be offered access to MarketAxess’s Auto-X trading functionality for investment-grade credit, high-yield, emerging market debt and Eurobonds. This will allow traders and portfolio managers to source liquidity…