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Refinitiv Redistributes MarketAxess Fixed Income Market Data Through Elektron

Refinitiv and MarketAxess have agreed to redistribute MarketAxess fixed income market data to Refinitiv’s customers via the Elektron Data Platform. The data made available through Refinitiv as a part of the agreement includes MarketAxess’ Composite+ and Axess All pricing tools. Composite+ is an algorithmic pricing engine for corporate bonds that leverages a range of proprietary…

Torstone Acquisition of Percentile Delivers More than the Sum of its Parts

Torstone Technology’s recent agreement to acquire Percentile will add risk management and compliance technology to the company’s post-trade securities and derivatives processes, making its Inferno platform a full-service, cross-asset, global post-trade solution. The deal will also add a compliance solution for Fundamental Review of the Trading Book (FRTB) regulation to Torstone’s portfolio. The acquisition will…

TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York

TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS. These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent…

LCH Implements Three Solutions Built on Genesis’ Microservices Framework

genesis, a provider of trading technology products based on microservices, is gaining market traction with the implementation of three solutions at LCH following a recent deal with Linear Investments to develop a cash and margin management system. LCH has worked with genesis to design, build and implement the solutions, which will streamline and automate clearing…

ADVA Expands Open Line System to Ease Data Centre Interconnect Bottlenecks

ADVA has introduced an expanded FSP 3000 open line system (OLS), providing customers with access to the data centre interconnect (DCI) OLS that includes integrated optical time-domain reflectometer (OTDR) capability and allows optical fibre monitoring in a live network and reduces DCI bottlenecks. Hyperscale DCI networks consist of short, wide pipes that connect from point-to-point,…

MDXT Launches IOWA.rocks Financial Data Marketplace

Data distribution specialist MDX Technology has launched a financial information marketplace that aims to bring together buyers and sellers of content in a single cloud-based environment that offers more flexible delivery and commercial options than traditional sources. The new entity – IOWA.rocks – is underpinned by MDXT’s data delivery technology, and comes to market with…

Linear Investments Taps genesis Microservices Platform for Cloud-Based Margining Solution

Linear Investments, which specialises in providing prime brokerage services to hedge funds, has tapped genesis’ microservices platform  to develop its Real-time Portfolio Margin (RPM) cash and margin management system. In line with genesis’ collaboration model, RPM was built based on Linear Investments’ requirements and expertise, and will be re-marketed to other clients by genesis. RPM…

Glue42 Contends for the Desktop Application Interoperability Market

Glue42 is pushing into the desktop application interoperability market, contending with OpenFin, and to a lesser extent ChartIQ, and naming JPMorgan as its largest customer. The company started to build the Glue42 platform – Glue for interoperability and 42 the answer to life, the universe and everything – in 2012 and is now on its…

Itiviti Sets Product Direction and Commits to Managed Services Following Ullink Merger

Itiviti has set out its solutions and services offer following the merger of Itiviti and Ullink in 2018. The resulting unified portfolio covers the trade lifecycle across all asset classes and is split into two sections: Connect, which covers connectivity including the companies’ FIX products and tools, and the NYFIX order routing network; and Trade,…

OpenFin Moves into the Cloud to Offer a Turnkey App Store

OpenFin has moved into the cloud to provide financial services firms with turnkey app stores and workspace management. The move builds on the OpenFin operating system that allows interoperability between desktop apps and is designed to deliver value to users quickly, accelerate time to market and facilitate digital transformation programmes. The company had been considering…