Editor’s pick
Fusion Digital Assets Platform, Powered by GMEX Technologies, Goes Live with First Successful Cryptoasset Trade
TP ICAP, the world’s largest interdealer broker, has announced the launch of Fusion Digital Assets, its wholesale cryptoasset exchange, powered by trading and post-trade technology from GMEX Technologies, the subsidiary of GMEX Group that specialises in digital business and technology solutions for capital markets firms, exchanges and post-trade market infrastructure. The Fusion Digital Assets platform...
Top Blogs
Bloomberg, MarketAxess, and Tradeweb Form Joint Venture to Pursue EU Fixed Income Consolidated Tape Provider Role
Bloomberg, MarketAxess, and Tradeweb have signed a joint venture agreement to form an independent company to participate in the public procurement procedure to become the fixed income consolidated tape provider (CTP) for the European Union, all of which will be subject to regulatory approvals. Neil Ryan, who has over three decades of experience in the...
Trading in the Cloud – Has Its Time Finally Come?
By Mike Powell, CEO, Rapid Addition. The structure of capital markets and how they are traded have, to a large extent, been shaped through the technology adopted by market participants and service providers over the past two decades. And while some firms remain cutting edge, many are left operating legacy infrastructure characterised by high cost...
Taskize and Symphony Integrate to Streamline Financial Services Workflow
Taskize, a key provider of inter-company workflow in the financial services industry, has announced an integration with Symphony, the market infrastructure and technology platform, aiming to enhance real-time collaboration between operations teams and front-office users. This pivotal partnership was unveiled and demonstrated at the Symphony Innovate London event, 2023. The integration promises to modernise industry...
Latest briefs
FlexTrade Unveils AI-Driven Functionality in FlexTRADER EMS
FlexTrade Systems has announced the incorporation of artificial intelligence (AI) technology into its multi-asset solution, FlexTRADER EMS. FlexA, a voice-activated application created by FlexTrade’s data science team, is designed to revolutionise the interaction between traders and their technology platform by applying natural language to parse and control the solution through voice commands or a text-based…
OpenFin Secures £35 Million in Series D Funding to Boost Adoption of its OS
OpenFin, the operating system (OS) for enterprise productivity, has raised $35 million in a Series D investment round led by Bank of America, with significant contributions from Pivot Investment Partners and ING Ventures. CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners also participated. The investment aims to fast-track the adoption of…
TMX Group and Clearstream Banking Set to Launch Canada’s First Domestic Triparty Repo Capability
TMX Group Limited and Clearstream Banking S.A., part of Deutsche Börse Group, have announced plans to introduce an automated Canadian Collateral Management Service (CCMS), including the first domestic triparty repo capability in Canada. Developed collaboratively, the CCMS aims to provide a customised mobility and liquidity solution for Canada’s secured finance industry, with the new service…
Principal Financial Group Selects QUODD’s Universe+ for Tailored Market Data Access
QUODD, a market data on demand provider for the global financial services sector, has announced that Principal Financial Group has become part of its growing client base for the Universe+ platform. Universe+ is an API-driven, cloud-based solution offering comprehensive security pricing, reference data, and analytics across all asset classes, including mutual fund, equities, and fixed…
London Stock Exchange’s Data Centre Migration Boosts Market Quality and Efficiency
The London Stock Exchange Group (LSEG) has reported substantial improvements in market quality and performance following its data centre migration and upgrade in February this year. The data centre, which caters to the London Stock Exchange, Turquoise, and TRADEcho services, is not only more innovative and robust but also eco-friendly, powered entirely by green energy….
SIX Integrates with FlexTrade’s Spark EMS to Provide Real-Time Global Market Data
SIX, the worldwide financial data provider, and FlexTrade Systems, the multi-asset execution and order management systems vendor, have integrated real-time global market pricing and reference data from SIX into the Spark cloud-based Execution Management System (EMS). This collaboration enables traders utilising Spark EMS to stream real-time global market data across multiple platforms, including desktop, browser,…
VECTALIS Acquires BrokerHub, Bolstering Its Equity Derivatives Front-to-Back Solution
OTC equity derivatives workflow vendor VECTALIS has announced its acquisition of BrokerHub, a fellow financial technology company. By unifying their forces after years of competition, the two firms aim to provide crucial services to market participants, encompassing price dissemination from interdealer brokers to investment banks, block trade reporting to multiple exchanges, and the generation and…
Arqaam Capital Partners with Horizon Software for Advanced Electronic Market Making Solutions
Arqaam Capital, a UAE-based financial services broker, has established a partnership with electronic trading and algorithmic technology provider Horizon Software, under which Horizon’s Electronic Market Making solutions will be utilised for Arqaam Capital’s newly established market making desk. Arqaam will leverage Horizon’s existing connectivity to the ADX and DFM exchanges in UAE to conduct market…
Boubyan Bank Adopts Murex’s MX.3 for Sharia-Compliant Treasury Operations via MXGO
Boubyan Bank, a prominent Islamic financial institution based in Kuwait, is adopting Murex’s MX.3 for Islamic Finance to facilitate its Sharia-compliant treasury operations using MXGO, a customisable treasury and trading solution, designed by Murex, that caters to rapidly expanding local banks. MXGO can be delivered on-premises, on the cloud or as a fully managed SaaS…
Glue42 and BNY Mellon Co-Develop Tech Solution to Automate Financial Operations
Interoperability solution provider Glue42 has announced its involvement in BNY Mellon’s award-winning “Operations-to-Operations” project, which was jointly developed by the two companies and aims to streamline communications between BNY Mellon and its clients. The joint solution, which delivers a trading-desk-like user experience to middle and back office operations, leverages Glue42’s certified FDC3 (Financial Desktop Connectivity…
BNP Paribas and Bloomberg AIM Partnership Bolsters Post-Trade Workflows
BNP Paribas’ Securities Services and Bloomberg have announced an integration that couples BNP Paribas’ multi-asset servicing capabilities with the Bloomberg AIM buy-side order management system. The integration is designed to enhance post-trade workflows for mutual clients, streamline front-to-back processes and standardise data connectivity for efficient trade management. The collaboration forms part of BNP Paribas’ Open…
Parameta Solutions Partners with ZE PowerGroup to Boost Energy and Commodities Pricing Analytics
Parameta Solutions, TP ICAP’s Data & Analytics division, has partnered with ZE PowerGroup to make its OTC data available via ZE PowerGroup’s data management and analytics platform. This collaboration will offer market participants robust risk and pricing solutions for energy and commodities by combining ZE PowerGroup’s platform for advanced analytics and data visualisation with Parameta’s…
ONE ZERO Digital Bank Selects ViewTrade for New Securities Trading Platform
Technology and brokerage service provider ViewTrade has been chosen by Israel’s ONE ZERO Digital Bank to serve as the broker and technology partner for its new securities trading platform. The partnership will provide Israeli investors with seamless access to US markets, enabling trading in a broad range of equities and exchange-traded funds listed on the…
TS Imagine Unveils Next-Generation Features for TradeSmart Fixed Income EMS
Trading, portfolio, and risk management solutions vendor TS Imagine, has released several new features for its TradeSmart Fixed Income Execution Management System (EMS), designed to streamline workflow for traders in the global bond market. The new features, which automate various aspects of the fixed income trade lifecycle, include a liquidity snapshot tool for regulatory compliance,…
Iress Teams Up with Kaiko to Provide Cryptocurrency Market Data
Financial Software provider Iress has announced a partnership with Kaiko, the cryptocurrency market data provider, to offer high-quality, regulatory-compliant digital assets and cryptocurrency data to institutional clients. The new data service, available in Iress’s FeedOS format, is designed to be seamlessly integrated into existing workflows. The collaboration aims to address growing interest in digital assets…
Latest people
TS Imagine Appoints Simarjit Johal as Head of Asia Pacific
TS Imagine, the global cross-asset class provider of trading, portfolio, and risk management solutions, has announced the promotion of Simarjit (Sim) Johal to Head of Asia Pacific (APAC). Currently serving as Co-Head of Professional Services & Account Management, Johal will assume the new role in September 2023, relocating to Hong Kong and joining TS Imagine’s…
Julian Chesser Appointed as Delta Capita’s New Regional Head of APAC
Capital markets consulting, managed services and technology provider Delta Capita, the financial services division of Prytek, has appointed Julian Chesser as its new Regional Head of APAC, based in Singapore. Chesser will oversee all aspects of the business across the region, contributing to regional strategy development and future business expansion. His addition to the global…
Avelacom Appoints Lorenz Voss as US Managing Director, Opens Chicago Office
Ultra-low latency network provider Avelacom is broadening its US operations and has appointed Lorenz Voss as the new Managing Director for the US market. Voss, who brings over 15 years of experience in the telecom and capital markets industries, joins Avelacom from Tower Research Capital. Voss will be responsible for expanding Avelacom’s market share in…
American Financial Exchange Names John Shay as CEO Following 7RIDGE Acquisition
The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for US banks and financial institutions, has appointed veteran financial services executive John Shay as CEO. The announcement comes after the recent acquisition of AFX by 7RIDGE, a growth equity firm investing in transformative financial services technologies. With decades of experience in…
Adaptive Financial Consulting Bolsters Board with Two Non-Executive Directors
Adaptive Financial Consulting has announced the appointment of two Non-Executive Directors, Dr Stephen Norman and John O’Hara, to its Board. Dr Norman, who brings two decades of capital markets experience and has held senior roles at RBS Global Banking and Merrill Lynch, will succeed Janhavi Dadarkar as Chair of the Board. John O’Hara, a co-founder…
NeoXam Announces New CEO and Growth Plans Following Eurazeo Investment
Financial software company NeoXam has promoted Florent Fabre to the position of CEO, following the recent investment by Eurazeo, the international private equity company. Fabre has over 20 years of experience in the financial software industry, having served as NeoXam’s Chief Operating Officer and Group Managing Director since 2015. Fabre’s promotion, together with Eurazeo’s investment,…
LSEG Bolsters Leadership with New Data & Analytics and Sales & Account Management Executives
LSEG (London Stock Exchange Group) has announced the appointment of Satvinder Singh as Group Head of Data & Analytics and member of the LSEG Executive Committee, effective from 3 July 2023. Reporting to CEO David Schwimmer, Singh will lead LSEG’s global data and analytics businesses, catering to over 40,000 customers across 190 countries, and will…
TS Imagine Expands North American Team with Key Sales Hires
Trading, portfolio, and risk management solutions provider TS Imagine has appointed two key sales hires to support its rapid growth in North America. James Muench has joined as Sales Director, focusing on the development and growth of the firm’s Fixed Income business, bringing over a decade of Institutional Credit Sales experience from roles at Tradeweb…
Opensee Names Emmanuel Richard as Chief Growth Officer and MD of North American Operations
Opensee, a provider of data access and real-time analytics to financial institutions, has appointed Emmanuel Richard as Chief Growth Officer and Managing Director of North American operations. Richard brings over 25 years of experience in the technology industry, having held roles at Rimini Street and MicroStrategy. He will work alongside Rodrigo Medgenberg, VP of Sales,…
Clearwater Analytics Appoints First Chief Revenue Officer and Bolsters European Leadership
Clearwater Analytics, the SaaS-based investment management, accounting, reporting, and analytics solutions provider, has announced the appointment of Scott Erickson as the company’s first Chief Revenue Officer. Erickson will oversee Clearwater’s sales efforts in Europe, Asia, and the Americas, and will work to continue expanding the company’s market share across all regions. With 18 years of…
Torstone Hires Sam Farrell as Head of North America
Torstone Technology, the SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as Head of North America, based in Toronto. He will have oversight of all Torstone’s US and Canadian operations and will be tasked with expanding Torstone’s footprint in North America. Prior to joining Torstone, Farrell spent the last 35 years…
Avelacom Appoints Timothy Wong as VP of Sales in APAC and Opens Hong Kong Office
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider, has appointed Timothy Wong as VP of Sales for the APAC region. Wong joins from Xenith IG (formerly Superloop Asia) and brings over 15 years of experience working in data and network systems across sales, business development and technology. In addition, the company has…
OpenSee Positions for Growth with New Hires in US
OpenSee, the financial data analytics company, has made one global appointment and added three executives in its New York office to drive sales and broaden support for international and domestic clients in the US. Abdul Anwari and Michael Bailleux join as US Sales Directors, reporting to Rodrigo Medgenberg, who was appointed as VP Sales late…
BMLL Hires Industry Veteran Rob Laible as Head of Americas
Following its recent US$26 million funding round, BMLL, the independent provider of harmonized, historical Level 3 data and analytics, has appointed industry veteran Rob Laible as Head of Americas, with plans to open a New York area-based office. Laible comes with over 30 years’ experience of running global institutional businesses across sales and trading, technology,…
Pico Appoints Bo Zhou as Head of APAC
Pico, the technology services, software, data and analytics vendor, has named Bo Zhou, Ph.D., as Head of APAC to oversee Pico’s continued growth in the region. Zhou brings more than 15 years of financial markets industry experience and was most recently Partner and Senior Managing Director for IHS Markit (now S&P Global). Previously, she served…
Featured
FEATURED WEBINAR
Upcoming Webinar: Market Data in the Cloud: Fuelling the next generation of data delivery solutions
Date: 6 June 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Moving market data and infrastructure to the cloud has accelerated in recent years as financial firms have acknowledged the benefits of data accessibility, scalability, efficiency and the possibility of reducing sometimes sky-high costs of sourcing and managing the data….
FEATURED EVENT
TradingTech Summit London
Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.
FEATURED GUIDE
ESG Handbook 2023
The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK…
Top White Papers
How Banks Harness the Value of Cloud for Scale and Agility
Financial services are recognizing the benefits that data-led processes can bring and are undergoing digital transformations that are putting data at the heart of their operations and decisions-making processes. They are seizing on data as an asset whose value can be unlocked through technology to increase revenue and reduce costs across the entire enterprise. With...
Getting Control of Access to Key Market Services
Use of single dealer portals that allow banks to trade assets on behalf of their clients is growing rapidly, particularly among firms in the fixed income and foreign exchange markets in particular. But while trading portals offer great benefits in terms of broader market reach and enhanced client functionality, they bring risks too. Firms are...
Adopting a Modern Data Infrastructure for Trading Analytics
As they seek an edge in their trading and investment activities, hedge funds and other sophisticated trading firms are looking to harness new sources of insight that can allow them to identify and exploit emerging market and industry opportunities. But many organizations are saddled with a disconnected sprawl of legacy systems that are unable to...
Events and webinars
Recorded Webinar: Trading Beyond the Horizon
You can listen to the recording of this webinar by registering on this page. Click below to watch the recorded webinar, or download the white paper–for free! In 2010, financial markets participants will continue to expand their trading activities as liquidity increasingly becomes fragmented, seeking alpha in new markets, best execution in dark pools, arbitrage...
Recorded Webinar: Building Low Latency Trading Systems in Low Latency Time
This webinar has passed, but you can view the recording here. Click below to watch the webinar (recorded Nov. 9, 2010). In today’s ultra-competitive electronic trading marketplace, having lower latency than the rest is the only way to succeed. But there’s more to success than just the lowest latency system – your firm also needs...
Recorded Webinar: Mission Possible – Turning Data Deluge into Opportunities for Financial Trading
This webinar has passed, but you can view the recording here. As financial markets firms face the challenge of managing huge volumes of extremely high frequency data, the opportunity exists to transition from just managing this data to strategically leveraging it for new trading and investment opportunities. What was once the impossible is now a...
Awards
A-Team Innovation Awards
Introducing winners of the A-Team Innovation Awards 2023. These awards celebrate successful projects within financial institutions (both with vendor support and without) across the financial enterprise.
