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SEC Rule 606 Features Highly at FIX Americas Conference
The imminent adoption of amendments to SEC Rule 606 was high on the list of hot topics when electronic trading professionals met at the FIX Americas conference in New York this week. And while speakers, panellists and delegates acknowledged the initiative represents a significant challenge in terms of technology resource, most said they believed the…
TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York
TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS. These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent…
Corvil Plans Next-Generation Predictive Trade Execution Analytics
Corvil will introduce its next generation of predictive trade execution analytics later this year, in a bid to exploit what it sees as a growing need for more advanced analysis of execution amid an increased as a growing tendency among buy-side firms to use sophisticated tools to analyse broker execution performance. The Dublin-based trading data…
Archax Opts for ClearBank’s Banking-as-a-Service
Archax, a forthcoming institutional digital securities exchange based in London, has selected ClearBank’s banking-as-a-service solution to access a range of API-based services including real-time payments services across BACS and CHAPS and 24x7x365 Faster Payments. As a security measure for Archax clients, ClearBank will ensure the protection of funds, holding them at the Bank of England.
Redline Expands Support for Canadian Equities
Redline Trading Solutions, a provider of order execution systems, is upgrading and building on its support for Canadian equities. Upgrade features include low-latency feed handlers for the Toronto Stock Exchange (TSX), Canadian Securities Exchange, Omega Nasdaq CXC, Nasdaq CX2, and Aequitas. John Hanna, global head of sales and field engineering at Redline, says the company…
Vela Provides Colo Services for JPX Markets
Vela, a provider of market access technology for global multi-asset electronic trading, has made its Direct Market Access (DMA) platform available at the Japan Exchange Group (JPX) site in Tokyo. By colocating in cabinets with premier access to JPX markets, Vela can offer ultra-low latency order routing and market data to Osaka Exchange (OSE). A…
Deutsche Bank Builds US Single Dealer Platform on Nasdaq Infrastructure
Deutsche Bank is using Nasdaq’s market technology infrastructure to operate its US-based single dealer platform. As a fully hosted platform, Nasdaq will also manage the system’s operations, including portions of risk controls, venue surveillance, trade reporting and clearing facilitation. The single dealer platform extends Deutsche Bank’s investment in electronic execution and is designed to create…
FINOS Releases Version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium Standard
The Fintech Open Source Foundation (FINOS), a non-profit organisation promoting open innovation in financial services, has released version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard. Founded and contributed to by OpenFin, the initiative brings connectivity and standards to the financial industry’s desktop applications. Gabriele Columbro, executive director of FINOS, says: “The…
Mizuho Bank Selects smartTrade LiquidityFX to Power Next-Generation FX Platform
Mizuho Bank Japan has selected smartTrade Technologies, a provider of multi asset, end-to-end trading solutions, to deliver its next-generation FX platform. The bank will use smartTrade’s LiquidityFX platform to centralise aggregation and optimise and internalise the management of its FX flows. This is expected to generate cost savings for Mizuho and create new opportunities for…
Fulbright Securities Deploys Horizon’s Options Market Making Platform
Hong Kong-based Fulbright Securities has deployed Horizon Software’s platform for market making on listed options connected to the Hong Kong Stock Exchange. The company was looking for a technology vendor to enable delivery of complete trading solutions in options, from volatility management to market making, and selected Horizon on the basis of its business coverage,…