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Guide to Prediction Market Technology: Building the Next Generation of Event-Based Exchanges
Following the momentum and buzz surrounding prediction markets during the 2024 US elections, event-based trading has rapidly emerged as one of the most dynamic growth areas in capital markets. What was once considered a niche segment has evolved into a global opportunity, attracting established exchanges, everyday participants, fintech innovators, and entrepreneurs seeking to launch new…
Clearwater Analytics Launches AI-Enabled Products for Institutional Investment Workflows
Clearwater Analytics has introduced three AI-enabled products built on its investment data platform, which supports more than $10 trillion in global assets. The new solutions – Clearwater Compass, Total Portfolio Oversight, and Fund Analytics – expand the company’s platform across institutional operations, risk management, and private markets workflows. They aim to automate complex tasks and…
FIX Trading Community Introduces New Recommended Practices for Algorithm Testing and Certification
The FIX Trading Community has launched its new Recommended Practices for Algorithm Testing and Certification. The guidelines introduce standardised, electronic mechanisms that enable capital markets firms to test, certify, and share algorithmic trading compliance data seamlessly with counterparties and regulators. By establishing uniform workflows and message descriptions, the framework ensures algorithm certificates contain precise, meaningful…
Marathon Asset Management Consolidates Front-to-Back Investment Infrastructure with SimCorp
Marathon Asset Management, the London-based specialist equity manager overseeing more than USD 40 billion in assets, has consolidated its front-to-back investment operations onto the SimCorp One platform. This transition allows the firm to retire its legacy systems and establish a single, unified data layer across its entire business. The implementation extends an ongoing partnership between…
The Industry Keeps Talking About 24/5 Trading, But Does It Actually Want It?
A panel convened to discuss the engineering of always-on markets spent most of its time on a more basic question: does anyone actually want them? The appetite for round-the-clock equity trading, it turned out, is far harder to find than the conversation about it would suggest. The session at A-Team Group’s ExchangeTech Summit London, entitled…
Bloomberg Launches Options IOI to Streamline Equity Derivatives Liquidity Monitoring
Bloomberg has launched Options IOI, a price monitoring tool engineered to help equity derivatives investors manage pricing information overload and streamline liquidity screening. The solution utilises Bloomberg’s natural language processing (NLP), which is specifically calibrated for the derivatives markets, to automatically detect indications of interest (IOIs) within a user’s Instant Bloomberg (IB) chat rooms and…
Why the Buy Side’s Real Agility Problem is its Operating Model
Most buy-side firms know how to find an opportunity. What an increasing number are discovering is that the gap between identifying one and acting on it has become a structural weakness. And that the weakness sits not in the front office but in the operating model underneath it. That was the recurring argument of a…
Broadridge Enhances NYFIX Platform with Overnight US Equity Trading via CAPIS and Blue Ocean
Global fintech provider Broadridge Financial Solutions has announced an upgrade to its NYFIX platform, allowing clients to trade overnight U.S. equities. This capability is delivered through a new integration with institutional brokerage firm CAPIS and access to the Blue Ocean Alternative Trading System (ATS). The collaboration provides broker-dealers and institutional investors with extended-hours liquidity across…
National Bank of Greece in Cyprus Goes Live with Smartstream AI Reconciliation Solution
Smartstream, the data solutions provider for global financial institutions, has announced that the National Bank of Greece (NBG) in Cyprus has successfully deployed its AI-enabled reconciliation solution, Air. The bank has implemented Air’s Cash module to consolidate four separate legacy reconciliation systems used for Instant, Cash, SEPA, and Nostro transactions into a single platform. Prior…
Pacer Advisors Implements Bloomberg’s Order and Execution Management Solutions
Pacer Advisors has successfully implemented Bloomberg’s multi-asset order and execution management solutions (OEMSs) to automate its investment workflow. The integration includes Bloomberg Asset and Investment Manager (AIM) alongside EMSX, its multi-asset execution management system. This setup streamlines Pacer’s position management, trade execution, and compliance processes. As part of the deployment, Bloomberg introduced the Rule Builder…