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Rapid Addition’s RA Platform 3.0 Address ‘Buy and Build’ Imperative
London-based trading technology provider Rapid Addition has released version 3.0 of its RA Platform, a middleware solution for handling electronic trading messaging, allowing firms to customise their trading connectivity set-ups to best suit their requirements. The new version aims to support firms’ growing tendency toward ‘buy and build’ as they seek to optimise their use…
Diginex Partners with Itiviti on NYFIX Connectivity
Itiviti has partnered with Diginex, a digital asset financial services and advisory company, to provide its global NYFIX connectivity platform to Diginex clients: enabling them to access to a FIX-based order routing network that connects 1,600+ buy-side, sell-side and trading venues across all asset classes. According to the announcement, the partnership was driven by demand…
QuantHouse Automates Global Operations with Cloud-Based Robot Agents
QuantHouse, a provider of end-to-end systematic trading solutions including market data services, algo trading platform and infrastructure products, has completed the first phase of its infrastructure process automation programme using cloud-based robot agents. It remains crucial during times of uncertainty and volatility that infrastructures operate reliably, efficiently and have the necessary scale to meet ever-growing…
TNS Adds Real Time HKEX Market Data to Its Global Offering
Transaction Network Services (TNS) has added real time market data from the Hong Kong Exchanges and Clearing (HKEX) to its platform, allowing its customers to access the market data systems of the ninth largest stock exchange, and the 14th largest derivatives exchange, in the world. “Hong Kong is one of the world’s foremost financial centers,…
2 + 2 = 5: Beeks Financial Cloud Acquires Velocimetrics in £4.2m Deal
Following an earlier attempt in 2019 that fell at the final hurdle, Glasgow-based cloud computing and global infrastructure services company Beeks Financial Cloud has finally snapped up trade analytics specialist Velocimetrics for a cool £1.3 million, in a deal announced yesterday. The initial acquisition amount was split between £700,000 in cash and £600,000 in equity,…
Consultants Greenbirch Aims to Guide Firms on Cloud Strategy
With the coronavirus pandemic having firmly fixed cloud on the agenda of trading technologists across the board, a group of London market consultants has launched Greenbirch, which is offering financial institutions guidance on their cloud strategies. According to Alex Wolcough, the former Appbroker consultant behind the Greenbirch initiative, the company plans to help financial firms…
SIX Boosts Microwave Data Delivery via 12H Stake, Nasdaq Partnership
The Swiss Stock Exchange SIX is set to boost its microwave network offering in Europe through a joint venture with Nasdaq. The arrangement comes as SIX announces that it took a majority stake in European microwave network operator 12H AG earlier this year. SIX’s moves promise to shake-up the European market for microwave-based low-latency market…
Pico Adds Japan Market Access, Plans Further APAC Expansion
Trading infrastructure and connectivity specialist Pico has added colocation services and ultra-low-latency market data delivery of the Tokyo and Osaka stock exchanges to its Asia-Pacific capabilities. The Japan Exchange Group (JPX) deal is the latest in a series of moves by Pico in the past 18 months to expand in the Asia-Pacific region, with added…
COVID-19 Exposing Market Data Gaps
In the move to business continuity measures (BCP) during the coronavirus chaos, some banks have managed better than others – and the crisis has exposed some glaring holes in the preparations of many major institutions. While the move to BCP appears to have gone relatively smoothly, the radical difference in the way firms are now…
SteelEye Becomes LME ISV Provider
Compliance technology and data analytics specialist SteelEye has become an approved LME ISV, passing all conformance tests to offer connectivity directly to LMEselect. LMEselect is the LME’s electronic member to member trading system, accessed by members of the exchange, allowing them to anonymously execute trades with other member firms. Clients of members are also able…