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Delivering Algo Performance through Enhanced Market Simulation
The global shift toward unbundling of research services from execution is forcing sell-side institutions to focus on differentiating their service offerings as they vie for buy-side liquidity in an increasingly competitive marketplace. With soft-commissioned research and high-speed connectivity to trading venues no longer potent as differentiators, the sell side is acknowledging that the quality and…
MOEX Deploys Avelacom to Expand Connectivity in Asia, Middle East
Moscow Exchange (MOEX) has deployed Avelacom networking infrastructure technology at new points of presence (PoPs) in data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai. MOEX’s PoPs feature FIX connections for trading transactions, access to MOEX’s market data, and sponsored access to MOEX’s equity, fixed-income, foreign exchange and derivatives markets. market. MOEX’s use of…
Chronicle Software Releases Market Data, Stripped Back Messaging Microservices
Chronicle Software, which provides Java-based microservices for the capital markets space, has expanded its line of native C++ libraries and microservices to include a market data distributor and a stripped-back version of its Chronicle Queue persisted messaging solution. The two new capabilities – one at the application level and the other at the framework level…
Cboe Launches FX Point for One-to-One FX Trading
Cboe has launched FX Point, a foreign exchange trading platform that allows institutional clients to trade directly with one or more of their preferred counterparties while benefiting from Cboe’s trading technology, credit and straight-through processing infrastructure. The platform offers low-cost support of one-to-one relationship-based trading, and features configurable routing, message rate and order review time…
Bloomberg Puts Stead in App Portal as Desktop Wars Heat Up
As the war for control over the trader desktop heats up, Bloomberg has been steadily diversifying the third-party applications available via its Bloomberg App Portal, an AppStore-like facility that allows users to access third-party data and applications through the Bloomberg Terminal. The Bloomberg App Portal isn’t new, it was launched with much fanfare (and some…
OpenFin Plans to Invest $17 Million Funding in Product Innovation, Geographical Expansion and Increased Headcount
OpenFin has secured $17 million in Series C funding, paving the way for further investment in its operating system for desktop app interoperability, geographical expansion and workforce. The funding was led by Wells Fargo Securities with other investors including Barclays Investment Bank and existing contributors such as Bain Capital Ventures, J.P. Morgan and Pivot Investment…
Genesis Accelerates Product Development by Adding Creative Studio to Microservices Framework
Genesis has added Creative Studio to its microservices framework with a view to accelerating development and deployment of scalable and interoperable products over the web, without the need to write code. The solution delivers web applications in hours, rather than weeks and months, expediting time to market. It does this by producing single-page web applications as…
BSO Acquires IX Reach
BSO’s acquisition of IX Reach adds a network covering over 170 points of presence (PoPs) across North America, Europe, Asia, the Middle East, and Africa, a customer base of over 300 carriers, ISPs, content providers and networks, strength in R&D, and a platform to develop new opportunities. The acquisition is the company’s third in 18…
Anova Offers Fastest Known Market Data Service Between Chicago and New Jersey
Low-latency connectivity centred on the New Jersey Equity Triangle is hotting up with Anova Financial Networks planning to introduce what it claims will be the fastest commercially available delivery of normalised market data from the Chicago Mercantile Exchange (CME) to the New Jersey Equity Triangle of BATS, NASDAQ and the New York Stock Exchange (NYSE)…
Pico Pushes into HKEX, Plans to Add a Further 20 Data Centres in Next 18 Months
Pico, a provider of infrastructure, connectivity, data and cloud technology, continues to fulfil its global expansion plan with the addition of a colocation facility and direct connectivity to the hosting services data centre of Hong Kong Exchanges and Clearing (HKEX). The HKEX services support Pico’s expansion in Asian market centres including Tokyo and Singapore. The…