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Real-Time Market Data in the Cloud Moves Closer to Reality
This week’s report from the FSB warning of the perils of cloud deployment for financial institutions doubtless will give cause for serious consideration of whether and how to shift certain activities to commercial public cloud platforms. But the fact remains that practitioners will continue in their quest to push what they can off-premises and onto…
FINRA CAT Selects AWS to Support Consolidated Audit Trail Platform
The US Consolidated Audit Trail (CAT) has taken another step forward with FINRA CAT, the CAT plan processor, selecting Amazon Web Services (AWS) as cloud provider for the audit trail of order information for all US equity securities and listed options across US markets and trading venues. AWS storage, compute, database, analytics and security services…
Cboe Acquisition of EuroCCP Offers Potential for Equity Derivatives Trading
Cboe Global Markets has made a definitive agreement to acquire EuroCCP, a pan-European equities clearing house. The transaction will bring together two companies that champion competition, open access and clearing interoperability in Europe. Additionally, Cboe’s ownership of EuroCCP is expected to provide opportunity to pursue the development of equity derivatives trading and clearing capabilities in…
Avelacom Cuts London to Hong Kong Round Trip Latency to 150 Milliseconds
Avelacom, a Moscow-based provider of low-latency, high-performance global connectivity and IT infrastructure, has enhanced its high-speed network performance by joining Hong Kong Exchanges and Clearing’s (HKEX) ecosystem of network service providers and offering what it claims is the market’s lowest latency route between London and Hong Kong. To facilitate low-latency access to HKEX markets for…
Exchanges Can Justify High Fees – But Only if They are Adding Value
By Neill Vanlint, Head of Global Sales & Client Operations, GoldenSource. Across global financial markets, it is hard to think of a more contentious issue right now than the prices exchanges are charging for their trading data. Some high-profile potential acquisitions, including the London Stock Exchange’s $27 billion bid to buy Refinitiv, mean there could…
First New York Implements LiquidityBook’s SaaS Based POEM System
FNY Investment Advisers (First New York), a multi-strategy investment firm, has implemented LiquidityBook’s SaaS-based LBX Buy Side as its portfolio, order and execution management system (POEM). The firm previously used three providers for varying amounts of time, but they were unable to support the volume which First New York trades, the speed with which it…
Indonesian firm PT Bahana Sekuritas Deploys Itiviti High and Low-touch Trading Solution
PT Bahana Sekuritas (Bahana), a player in Indonesian capital markets, has deployed Itiviti’s high and low-touch trading solution to improve order management capabilities and better serve its regional clients. The Itiviti solution, which includes a highly automated OMS platform, as well as a connectivity and risk management layer, enables Bahana’s equities sales traders to manage…
TT Adds Collocated Access to Thailand Futures Exchange
Trading Technologies (TT) continues to expand its global reach with the introduction of collocated execution and client connectivity services at the Thailand Futures Exchange (TFEX). This takes the TT trading platform into Thailand for the first time, providing TT’s global user base with direct market access to TFEX’s portfolio of listed derivatives, including futures, options…
Kx and DataRobot Partnership Applies AI to Time Series Data, Generates Fast Actionable Insights into Market Data
Kx has partnered DataRobot, a provider of enterprise artificial intelligence (AI), to offer financial institutions a scalable high-performance solution for applying AI to time series data. By integrating DataRobot’s Enterprise AI Platform with the Kx in-memory time series database kdb+, consumers of market data can quickly generate actionable insights for agile, strategic business decisions. Rob…
In the Fragmented World of Fixed Income, the Buy-build Debate Heats Up
By Ollie Cadman, Chief Product Officer, Vela. Whether firms like it or not, there is no escaping the prospect that electronic trading in the fixed income market is here to stay. For some participants it may require more adjustment than for others, but the simple fact is, e-trading rules. This has some major implications for…