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FlexTrade Taps Corvil for Infrastructure, Client Analytics
Buy-side order and execution management system provider FlexTrade has turned to Corvil to industrialise its infrastructure monitoring processes and ultimately help clients optimise their own trading stacks. The move illustrates the ongoing shift to greater transparency around execution quality as firms look beyond transaction cost analysis (TCA) and seek to measure execution performance and offer…
Eurex and Vela Partner to Deliver Improvements to Eurex EnLight
Europe’s largest futures and options exchange, Eurex, has joined forces with trading and market access technology provider Vela to enhance electronic access to its selective request-for-quote (RFQ) platform Eurex EnLight through Vela’s Metro Trading Platform. Eurex EnLight is an off-book trading service for listed derivatives launched in December 2017 to provide market participants with a…
Dash Financial Technologies Acquires eRoom Securities
Capital markets technology and execution provider Dash Financial Technologies has signed an agreement to acquire Chicago-based eRoom Securities. The eRoom platform, which provides multi-asset trading technology, agency execution, risk management, reporting and clearing services to professional traders, institutions and hedge funds, will be rebranded as Dash Prime. As the Dash Prime project gets underway, eRoom…
KeyBanc Capital Markets Adopts Bloomberg’s DASH Enterprise Trading Workflow Solution
KeyBanc Capital Markets (KCBM) has adopted Bloomberg’s DASH Enterprise, which enables sales traders to target a broader audience, access relevant market insights, and gain more value from their order flow. After adopting the DASH solution, KeyBanc Capital Markets has noted an increase in hit ratio and crossing rates. The solution is able to analyze and…
IHS Markit Partners with Itiviti in Buy-Side Trading and Connectivity Initiative
IHS Markit will be working in a strategic partnership with Itiviti to deliver a new service to administer FIX connectivity, to enhance the managed service version of thinkFolio, an order and portfolio management solution (OMS/PMS) from IHS Markit, and to respond to the rising demand for cloud-based investment management platforms. Combined, the Itiviti’s NYFIX connectivity…
Integral Secures $15 Million Funding from Morgan Stanley
FX trading technology specialist Integral has received $15 million of strategic funding from Morgan Stanley Expansion Capital. The funds will be used to extend the reach of its FX technology platform to a wider audience of banks, brokers and asset managers. Integral provides a cloud-based workflow management and trading platform that enables FX market participants…
SteelEye Wins £5.7 million Seed Funding
Compliance technology and data analytics firm SteelEye this week confirmed the successful close of a £2.9 million fundraising extension led by fintech-focused venture capital firm Illuminate Financial, bringing the total seed funding raised to £5.7 million. SteelEye offers cloud-based solutions to assist clients with MiFID II, MAR, EMIR, Dodd Frank and other international regulatory compliance…
big xyt Addresses MiFID II Concerns with Liquidity Cockpit Dashboards
Analytics platform provider big xyt has added a set of dashboards to its Liquidity Cockpit that are aimed at discovering high-quality liquidity within the new MiFID II liquidity landscape. The additions take into account the mandatory Systematic Internaliser (SI) regime, introduced on September 1, 2018. Users of the new visualisation dashboards are able to view…
Integral and Moscow Exchange Partner to Provide Better Liquidity
FX technology solutions specialist Integral and the Moscow Exchange (MOEX) have partnered to provide exchange customers with access to better liquidity, higher performance and lower latency. The improvements are based on the use of Integral’s Open Currency Exchange (OCX) and also include better pricing, lower risk and faster acknowledgement. On its part, MOEX will provide…
Refinitiv Releases Aggregated Feed Offering Access to Post-MiFID II Fixed Income Trade Data
Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has released an aggregated bond service to help clients access fixed income trade data that has become available as a result of MiFID II. The feed provides a single view of fixed income data that can be used by traders to identify trading opportunities and…