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FlexTrade Hires to Build Sell-Side OMS Strength in EMEA
FlexTrade, a provider of cross-asset execution and order management systems (EOMS), has appointed Lak Loi and Vahid Shirani as co-heads of sell-side OMS business development for the EMEA region. Both Loi and Shirani come to FlexTrade with more than 25 years of combined experience in equities and derivatives trading technology. Since 1997, Loi has worked…
HPR Reaches Goal of Delivering a Consolidated View of Real-Time Global Trading Risk with CRM-X
HPR – aka Hyannis Port Research – has reached the goal of a consolidated view of global trading risk across equities markets with CRM-X, the latest version of its Central Risk Manager (CRM), which supports a regional view of trading risk. CRM-X acts as a manager of managers and can be positioned anywhere to parent…
big xyt Extends Analytics Platform to Include TCA Functionality
Following consultation with clients, independent data analytics provider big xyt has added Transaction Cost Analysis (TCA) to its platform. The company’s aim is to apply analytics to create a consolidated view of a fully automated trading environment that traders can access to assess trends. big xyt solutions specialise in normalising and storing trade data. Using…
FlexTrade Partners Goldman Sachs to Provide IOI Liquidity Directly from the Trading Blotter
FlexTrade Systems has partnered Goldman Sachs to release an extension of the latter’s indications of interest (IOI) functionality in the FlexTRADER execution management system (EMS). The functionality adds IOI profiling and analysis to FlexIOI, a framework for IOI distribution embedded in the EMS and providing interaction with IOI liquidity directly from the trading blotter. Traders…
Liquidnet Adds Ecosystem Pro Multi-Order Execution Solution
Liquidnet has expanded its Execution Ecosystem with the release of Ecosystem Pro, an intelligent workflow and blotter management tool designed to help buy-side traders analyse, monitor and automate execution strategies across multiple symbols simultaneously in the Execution Ecosystem. The ecosystem complements Liquidnet’s institutional liquidity pool by providing customisable trader intelligence tools to manage and course…
Imandra Gains Seed Funding for AI Platform Designed to Make Algos Safe
Imandra, creator of a cloud-native automated reasoning engine designed to make algorithms safe, has completed a $5 million round of seed funding led by UK and US investors AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used to support application of the company’s Reasoning as a Service platform in financial services and…
CME Group Releases ENSO Data Insights
CME Group has released ENSO Data Insights, a benchmarking tool using ENSO’s alternative dataset. ENSO is part of the CME Group. Data Insights gives hedge funds, asset managers and banks access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position…
Glue42 Adds Apps to Desktop Interoperability Ecosystem
Glue42 has expanded its desktop interoperability ecosystem with the addition of independent software vendors Adaptable Tools and BCC Group, and service provider Norman & Sons. The providers are offering their services via the Glue42 platform that uses the FINOS FDC3 open standard to provide a seamless user interface and data integration between desktop apps. Adaptable…
Broadway Acquisition of Barracuda FX Expands Product Suite
Broadway Technology plans to deliver multi-asset solutions across more parts of the investment lifecycle and help clients automate additional workflows following its acquisition of Barracuda FX. The company, a provider of high-performance fixed income and foreign exchange solutions, has taken on the full Barracuda FX team and will operate the company independently under the auspices…
FlexTrade Partners OpenFin for Desktop Interoperability
FlexTrade is the latest application vendor to partner OpenFin. The partnership will provide buy-side traders with interoperability and improved workflows between the FlexTrader execution management system, FlexNow cloud-based trading system and other OpenFin third-party applications. The company has also joined the Financial Desktop Connectivity and Collaboration Consortium, FDC3, that was founded by OpenFin in 2017…