Editor’s pick
Cloud-Delivered Market Data for Institutional Users – A Reality Check
By Mike O’Hara, Special Correspondent. Cloud-delivered market data was once ‘over my dead body’ territory for institutional market data managers, who understandably fretted aloud about performance, security and licence compliance issues. But Covid-19 has forced those same data managers to confront the fact that many of their professional market data users are able to work...
Top Blogs
VoxSmart Launches Markets Segment to Focus on Trading Clients
Following on the heels of its recent partnership with Eventus Systems, and a $7 million Series B investment from NatWest earlier in the year, communications surveillance specialist VoxSmart has created a new Markets division to focus on serving the financial markets segment. The new segment will be dedicated to strengthening VoxSmart’s products and services for...
Citihub Acquired by New York’s Synechron
New York-based financial technology consultant Synechron has acquired UK consulting firm Citihub Digital. Terms of the transaction weren’t disclosed. Between them, the two companies count as clients nine of the top 10 global banks. Synechron’s specialization in digital transformation work will be complemented by Citihub’s capabilities in application modernization, cloud enablement, cybersecurity and operating model transformation....
SteelEye Joins Forces with Refinitiv on RegTech Suite
SteelEye, the compliance technology and data analytics firm, has incorporated Refinitiv market data on its RegTech platform in a bid to help its clients enhance their compliance and analytics capabilities. Refinitiv provides one of the widest ranges of cross-asset data available, with 7.3 million price updates per second for over 84 million instruments and 2.5...
Latest briefs
Covid-19 is Impacting Banks’ Operational Resilience, Warns EBA
The European Banking Authority (EBA) has issued a preliminary assessment of the impact of COVID-19 on the EU banking sector, warning that operational resilience is now under pressure. “Following the outbreak of the pandemic, banks have activated their contingency plans, which have allowed them to keep their core functions broadly unaffected. However, the handling of…
Push and Baker Technology Partner on Bespoke Real-Time Trading Systems
California’s Push Technology, which provides real-time data streaming and messaging solutions, has partnered with London-based Baker Technology, a specialist user interface software engineering firm that builds bespoke trading systems for global investment banks and exchanges. Through the partnership, Baker will use Push’s Diffusion Real-Time API Management platform to provide a single, secure, unified gateway for…
Intesa Sanpaolo to Build Data Centers with Google Cloud
Italian banking group Intesa Sanpaolo has signed an agreement with TIM and Google to leverage cloud services from Google, using TIM’s Data Centers in Italy. The collaboration will culminate in the creation of two Google Cloud Regions, in Turin and Milan, using TIM Data Centers and enabling Intesa Sanpaolo to develop its own digital services….
Devexperts Launches DXtrade as a SaaS Trading Platform for FX/CFD Brokers
Software provider Devexperts this week launched DXtrade, a new SaaS (Software-as-a-Service) trading platform for the retail FX and CFD industry. DXtrade is an off-the-shelf trading platform that allows brokers to determine their own layout and setup in order to differentiate themselves from the wider market. This includes back-end configurations, where brokers can set up limits,…
Boosted.ai Raises $8 Million in Series A Funding
Boosted.ai, a distributed machine learning platform for investment managers, has closed an $8 million USD Series A financing round, led by Portag3 Ventures. Dunamu & Partners and Polar Equity Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at $11 million. Boosted.ai will use the funding to enhance Boosted…
Equiduct Reports Record Trading Volumes
Pan-European retail trading venue Equiduct has reported a record turnover of €9.8 billion for the month of March 2020, an increase of 203% in comparison to March 2019. This strong finish to the first quarter saw new quarterly records set for the platform with a total turnover of €20.1 billion, representing a 109% increase compared…
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…
Push Technology Secures £10m Series A Investment
Push Technology, a US-based provider of in real-time data streaming and messaging solutions, has completed a £10 million Series A round of financing. Maven Capital Partners led the round with participation from new and existing investors Guinness Asset Management and Stephens Capital Partners. The investment will assist the company to aggressively expand its sales and…
DRW Adopts OpenGamma’s Analytics
DRW, a major global principal trading firm, will use OpenGamma’s analytics in its treasury function to manage derivatives margin. DRW chose the software-as-a-service (SaaS) solution as it seeks to expand its treasury capabilities in response to regulations such as Uncleared Margin Rules (UMR). The regulations require any trading strategy that uses leverage to optimize and…
Google Anthos Service Partner Status for GFT
GFT, a global IT services and software engineering provider, has been designated as a global Google Anthos Service Partner. Google Anthos is an open source, hybrid modernisation platform, based on Kubernetes and providing a ‘single pane of glass’ enabling clients to manage and monitor an entire hybrid and multi-cloud infrastructure. It enables users to easily…
ICE Futures Waives Voice Recording, Time-stamping Requirements
ICE Futures US has granted temporary relief to intermediaries from the obligation to comply with certain requirements, including from the requirement to make and keep records of oral communications, as long as a written record is provided instead. The exchange has also granted relief from any requirement to record the date and time by time-stamp…
Neoxam Expands into Poland With Skarbiec TFI
Polish asset manager Skarbiec TFI has chosen NeoXam’s Density portfolio management solution for its 42 funds and sub-funds. Density will be the backbone solution for the entire asset management group, covering all calculations for the funds, as well as pre and post-trade compliance. Where previously the group had used excel to monitor its funds portfolios,…
CFTC Issues COVID-19 Relief
The US Commodity Futures Trading Commission (CFTC) has relaxed rules around voice and telephone recording for swap execution facilities up until the end of June, along with relief to designated contract markets regarding audit trail and related requirements over the same period. The spread of coronavirus has caused compliance with certain CFTC requirements to be…
Trading Technologies Partners with Borsa Istanbul
All derivative products listed on Borsa Istanbul Derivatives Market (VIOP) are now available for trading through Trading Technologies’ trading platform, according to an announcement this week. This gives clients the ability to trade the exchange’s derivatives, including foreign exchange, commodities, indices, and interest rate futures and options on futures, whilst utilising the suite of tools…
Genesis Names Oliveira to Head Sales and Marketing
Low-code development enabler Genesis has named Felipe Oliveira as global head of sales and marketing. Genesis’ platform supports the development of microservices in capital markets. Oliveira previously held senior roles at Amber Capital Management, a risk arbitrage hedge fund, and Agora Senior Securities, acquired since by Banco Bradesco. More recently, he has held commercial strategy…
Latest people
Ilisa Gruber Joins Luminex to Build US Presence
Luminex Trading & Analytics, a buy side-owned trading venue delivering low-cost block executions, has hired Ilisa Gruber as sales and relationship manager. Based in Chicago, Gruber will oversee Luminex’s relationships with top clients among its more than 200 buy-side, institutional investors. She will be responsible for increasing engagement with existing clients as well as managing the firm’s…
Appital Appoints New Non-Exec Directors
Equity capital marketplace Appital has appointed Greg Bennett and Stephane Carty as non-executive directors, following the recent appointment of Brian Guckian and Philipp Eberle to the firm’s management team. Bennett, previously Head of Capital Markets for EMEA and the Americas for Fidelity International, also brings sell side expertise as former Partner and Managing Director in…
BSO Appoints Anna Flach as Global Marketing Director
Telecoms operator and infrastructure provider BSO has appointed Anna Flach as Global Marketing Director. As a member of the management team, she will be responsible for defining and executing BSO’s marketing and communications strategy, based in London and reporting to Chief Commercial Officer Fraser Bell. Flach joins BSO from the world of FinTech, where she…
Torstone Technology Appoints David Pearson to Product Team
Torstone Technology, a provider of post-trade securities and derivatives processing, today announced the appointment of David Pearson, who will be joining Torstone’s product team, based at the firm’s London headquarters. He joins Torstone from Genesis Global, where he was responsible for post-trade workflow solutions. Prior to that, Pearson spent twenty-five years at Fidessa, initially working…
Tourmaline Receives Investment, Hires New Executives
Tourmaline Partners, a global outsourced trading solutions firms, has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with significant growth prospects. Terms of the deal are not being disclosed, but Tourmaline is projected to trade $300 billion notionally in equities in 2020, in a notable validation of the…
Point Nine Expands to Luxembourg with Paul Goes
Point Nine, a post-trade processing and regulatory reporting service provider, is expanding its global presence by forming a team in Luxembourg. The team will be headed by Paul Goes as its Business Development Manager, based in Luxembourg since April 2020. Andreas Roussos, Point Nine Director, says, “We’re excited Paul Goes has joined our team and are confident his extensive experience in the Luxembourg Financial Services…
genesis Hires Nick Kolba as Head of Platform
Capital markets software firm genesis has appointed Nick Kolba as Global Head of Platform. Co-Founder and Chair of the FDC3 program at the Fintech Open Source Foundation (FINOS), Kolba has 20 years of experience including as Chief Technology and Product Officer at OpenFin and, prior to that, as a Technology Director at Thomson Reuters, where he…
Finantix Appoints Albert Iselin Executive Director, EMEA
Finantix, technology provider to the wealth management, insurance and banking industries, has appointed Albert Iselin to the role of Executive Director for EMEA, further widening his remit and responsibilities. His team includes new hire Aurelia Philippoz who joins the Swiss team as Inside Sales and Marketing Executive. Based in Switzerland, Iselin will continue to report to Finantix…
André Helfenstein Joins the Board of Directors of SIX
Shareholders at SIX’s AGM yesterday elected André Helfenstein to the Board of Directors. He becomes the representative of Credit Suisse with immediate effect, replacing Thomas Gottstein. The 53-year-old Swiss and British citizen is CEO of Credit Suisse (Switzerland) and a member of the Executive Board of Credit Suisse Group, responsible for the bank’s entire Swiss…
BTON Financial Makes Two Strategic Hires
BTON Financial, an automated outsourced trading desk for asset managers, has appointed txo new strategic hires to meet the growing demand for its services. Charles Phan, an experienced hedge fund CTO, quant strategist and trader joins as Chief Technology Officer to drive the firm’s technology strategy and delivery; while Caroline Holmes, a regulatory expert and…
OpenFin Hires Adrian Crockett as Chief Product Officer
OpenFin, an operating system (OS) provider deploying around 1,200 desktop applications to both buy and sell-side firm, has hired Adrian Crockett as Chief Product Officer. Crockett is the co-founder and former CEO of Pellucid Analytics, an integrated platform that streamlines the creation of investment banking pitch books. Prior to that, Crockett headed investment banking strats…
Richard Hills Joins big xyt
big xyt, an independent provider of market data analytics, has hired Richard Hills as Head of Client Engagement. Working alongside Mark Montgomery, Head of Strategy and Business Development, Hills will help to drive client innovation using a partnership engagement model. He will be responsible for promoting client awareness of big xyt’s products and services, and…
Eventus Systems Hires Roger Chandler to Build European Presence
Texas-based trade surveillance and market risk software platform provider Eventus Systems has hired Roger Chandler as Senior Sales Engineer for Europe, based in London. Reporting to Scott Schroeder, Eventus Global Head of Sales, Chandler will be responsible for servicing existing clients and driving the firm’s growth in the EMEA region. He was most recently Technology…
Tim Macek Joins Sterling Trading Tech
Sterling Trading Tech (STT) has appointed Tim Macek as the Director of Technical Operations and Infrastructure. Macek previously served in several senior management positions at UBS, where he led cross-functional teams of developers and IT specialists and oversaw all of UBS Asset Management’s trading technology and networking systems. He will assume day-to-day leadership of the…
Itiviti Names Josh Monroe as Head of Americas
Itiviti has appointed Josh Monroe as managing director, head of Americas region. An accomplished sales executive and sales coach with more than 15 years of financial industry experience, Monroe joins Itiviti from Ned Davis Research, where he was global head of sales. He started his career at Morgan Stanley before joining SAC Capital Advisors where…
Featured
FEATURED WEBINAR
Upcoming Webinar: Market data in the cloud
Date: 3 November 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Covid-19 pandemic has created new demand for financial information delivery infrastructure to accommodate the many trading and support personnel now working from home (WFH). For many firms, new cloud delivery and hosting capabilities offer a viable solution for…
FEATURED EVENT
RegTech Summit Virtual
Regtech Summit Virtual will explore how business and operating models have adapted post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. As the dust settles, we will look at the outlook for the global RegTech industry, where Regulators are focusing as they get back to business, and deep dive into global regulatory priorities for the rest of the year and into 2021.
FEATURED GUIDE
FRTB Special Report
FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.
Top White Papers
Controlling Market Data Usage and Costs in WFH Environments
The Covid-19 pandemic has transformed the way financial services firms operate: with staff dispersed across numerous alternative sites or working from home, and many still requiring access to fee-liable market data and other financial information services in order to function. Data managers are struggling to control access to this data – facing the risk of...
Financial Markets Operations Response to COVID-19: Best Practices for Working from Home
The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a...
Contractual Rights Management: It’s Time to Take Control of Data Usage
Contractual rights management has become a hot topic in financial information and market data circles following a number of public instances involving high-profile financial institutions breaching licensing agreements with data vendors – and paying the price with both significant financial penalties and damaged reputations. A potential solution for contractual rights management is the emerging Open...
Events and webinars
RegTech Summit Virtual
The RegTech Summit Virtual which took place in June 2020 was a huge success with over 1,100 delegates registered. We are currently working on our plans for 2021 and we hope to be back with an in-person event. Whatever the future holds you can guarantee our 2021 event will be back with an exceptional guest speaker line up of Regtech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment. Can't wait until 2021? make sure you sign up to our RegTech Summit Virtual, November 2020. More info...
Find out moreTradingTech Summit London
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
Find out moreRegTech Summit Virtual
Regtech Summit Virtual will explore how business and operating models have adapted post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. As the dust settles, we will look at the outlook for the global RegTech industry, where Regulators are focusing as they get back to business, and deep dive into global regulatory priorities for the rest of the year and into 2021.
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Awards
TradingTech Insight Awards Europe
Celebrating the pioneers and stand out vendors of the TradingTech world with our TradingTech Insight Awards. Find out how to vote, enter or see the past winners.
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