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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,…
Archax Partners Tokeny to Harness Digital Securities
Archax is partnering Tokeny, a compliant tokenisation platform delivering institutional grade solutions in the issuance, lifecycle management and secondary trading of digital securities. The partnership ensures that Tokeny’s issued security tokens will be listed on the Archax exchange. Luc Falempin, Tokeny CEO, says that for blockchain to become the preferred infrastructure in the industry, it…
Glue42 Contends for the Desktop Application Interoperability Market
Glue42 is pushing into the desktop application interoperability market, contending with OpenFin, and to a lesser extent ChartIQ, and naming JPMorgan as its largest customer. The company started to build the Glue42 platform – Glue for interoperability and 42 the answer to life, the universe and everything – in 2012 and is now on its…
Archax Partners Quod Financial for Trading Functionality
Archax, the institutional digital securities exchange set to launch in 2019, has partnered Quod Financial, a trading platform provider to the buy-side and sell-side, to integrate exchange access with elements of the Quod platform including connectivity, order management, smart order routing and trade automation. Graham Rodford, CEO at Archax, says the company wanted to integrate…
Podcast: Institutionalising Crypto Technology
Crypto technology is still in a ‘wild west’ phase, according to Simon Barnby, chief marketing officer at Archax Exchange and moderator of a panel covering institutionalising crypto technology at A-Team Group’s recent TradingTech Summit in London. Barnby was joined on the panel by Stewart Calvy, business development manager at Gilbraltar Blockchain Exchange; David Nicol, digital…
Jonathan Kellner Named CEO of MEMX
Jonathan Kellner has joined Members Exchange (MEMX), a recently established member-owned equities exchange. Founding members include Bank of America Merrill Lynch, Charles Schwab, Citadel Securities, E*Trade, Fidelity Investments, Morgan Stanley, TD Ameritrade, UBS, and Virtu Financial. Before signing on to MEMX, Kellner led Instinet through the acquisition of BlockCross ATS from State Street, and the…