TradingTech Insight Trading Systems & Workflow The latest content from across the platform
As AI Agents Enter Financial Workflows, Do Information Barriers Need to Follow?
The widely reported accidental disclosure of sensitive information at Morgan Stanley last month has brought data loss prevention (DLP) back into focus. The incident, in which an email reportedly exposed details of more than 100 investment banking deals, illustrates the risks that remain despite years of investment in communications monitoring and information barriers. The incident…
Rothera Automates High-Volume Derivatives Reconciliations with Smartstream
Rothera has deployed Smartstream’s Air platform to automate high-volume reconciliations across its CFTC-regulated event contract exchange and clearinghouse operations. The implementation uses Air’s Cash and Data modules to replace manual processes and support reconciliation of around 1.7 million transactions each day within an automated, fully audited environment. The initial deployment covers two reconciliation processes, Exchange-to-Clearing…
Liquidnet Launches SuperBlock TI for Large Block Liquidity Discovery
Liquidnet has launched SuperBlock Targeted Invitations (TI), extending its liquidity discovery capabilities to help buy-side traders source counterparties for exceptionally large equity orders while controlling how trading interest is distributed. The new functionality builds on Liquidnet’s existing Targeted Invitations capability, allowing traders to share SuperBlock interest with a broader group of potential counterparties while limiting…
Bloomberg Automates Market-on-Close Trading for Japanese Government Bonds
Bloomberg has introduced an automated Market-on-Close workflow for Japanese Government Bonds (JGBs), completing the first fully automated trade using the new functionality. Available through Bloomberg Electronic Markets, the workflow aligns execution with BB3P (Hikene Trading), the Market-on-Close reference rate for JGBs, giving traders greater certainty of execution at a specified close time while helping minimise…
Nasdaq Calypso Builds Agentic Layer for the Shift to Always-On Markets
Nasdaq is extending its Calypso capital markets solution beyond its traditional role as a system of record, adding an agentic AI layer designed to support increasingly automated workflows across trading, risk, clearing and collateral management while retaining the deterministic processing at the core of the platform. The move follows the launch of an agentic AI…
Buy vs. Build Now Has Two Answers in Investment Operations
By Pat Conroy, Head of Strategy, Product & Innovation, STP Investment Services. An operations leader at a mid-market investment manager is sitting across from a vendor demo. The pitch is compelling, but in the back of their mind, one question keeps surfacing: should we just build this ourselves? A year later, that same firm is…
Trading Technologies Expands Multi-Asset Push with TRAFiX Acquisition
Trading Technologies (TT) has acquired equities and equity options technology provider TRAFiX, filling a significant gap in its expanding multi-asset platform and setting out a roughly 12-month path towards integrating the two firms’ trading technology. The deal extends TT’s coverage into global equities and equity options through TRAFiX’s order and execution management systems (OEMS), FIX…
Bruce Markets Plans 24/7 US Equities Trading with Robinhood and PEAK6
Bruce Markets has announced plans to introduce continuous weekend trading in US equities, potentially establishing the first round-the-clock, seven-day trading environment for US stocks, subject to regulatory review. The expansion is backed by strategic investments from PEAK6 Investments, Bruce Markets’ majority shareholder, and Robinhood Markets. Existing investors include Apex Fintech Solutions, Fidelity Investments, Nasdaq Ventures,…
Why the Future Trading Desk Looks More Augmented Than Autonomous
After decades of electronification and automation, the next stage in the evolution of the buy-side trading desk may be less about removing traders from execution than changing the information, tools and decisions that reach them. That was one of the clearest themes to emerge from A-Team Group’s recent TradingTech Insight webinar, The Buy-side Trading Desk…
Your Bourse Introduces Virtual Groups for Multi-Platform Routing
Your Bourse has introduced Virtual Groups, a new capability designed to simplify routing management for brokers operating across multiple connected trading platforms. The functionality allows brokers to combine native client groups from different trading servers into a single virtual grouping, enabling them to manage common routing requirements more centrally. Initial routing rules are configured on…