Editor’s pick
SmartTrade Adds to FX Capabilities with Purchase of TickTrade
French trading software company smartTrade has acquired Toronto-based TickTrade, a specialist in foreign exchange trading and payments technology. The transaction is aimed at positioning smartTrade to offer comprehensive solutions for the FX marketplace globally. SmartTrade already offers electronic trading and liquidity management solutions for firms trading in FX, fixed-income and other asset classes. TickTrade’s focus...
Top Blogs
SmartTrade Adds to FX Capabilities with Purchase of TickTrade
French trading software company smartTrade has acquired Toronto-based TickTrade, a specialist in foreign exchange trading and payments technology. The transaction is aimed at positioning smartTrade to offer comprehensive solutions for the FX marketplace globally. SmartTrade already offers electronic trading and liquidity management solutions for firms trading in FX, fixed-income and other asset classes. TickTrade’s focus...
FINBOURNE Joins Dutch Regulatory Sandbox to Explore Creation of EU Consolidated Tape
FINBOURNE Technology, founded in 2016 with a mission to reduce the cost of investing and increase transparency, has joined the Dutch Authority for the Financial Markets’ (AFM) regulatory sandbox to drive creation of a consolidated tape provider (CTP). A CTP features in the EU’s MiFID II and MiFIR frameworks, but has yet to emerge despite...
Options Partners with Code Willing to Offer New Quantitative Trading Service
Trading infrastructure provider Options Technology has partnered with data management company Code Willing to offer a new quantitative trading service intended to help clients better control and reduce their data analysis costs. The solution adds Code Willing’s data cleansing, organising, and cross-referencing capabilities with Options’ global network, infrastructure and managed services. Aimed at quantitative investment...
Latest briefs
BMLL Launches Level 3 Futures Data Service
Data and analytics vendor BMLL has expanded its Level 3 data set with full-depth order book data from CME, Eurex and ICE. The service covers all major futures asset classes, including equities, fixed income, short-term interest rates, commodities, cryptocurrencies and FX. The new data sets will provide clients with the ability to do complex, Level…
Avelacom Broadens Partnership with Singapore Exchange and Reduces Latencies
Low-latency connectivity and infrastructure provider Avelacom has broadened its partnership with Singapore Exchange (SGX), adding a colocation capability. Avelacom’s new server rack will be situated next to SGX’s core matching engine, providing round-trip network latency of less than 20 microseconds, which Avelacom claims is the fastest in the market. Avelacom has partnered with SGX since…
CQG Launches New Suite of Execution Technologies
Chicago-based trading solutions vendor CQG has launched a new suite of execution technologies designed to give market participants new tools to achieve greater efficiencies and optimal trade execution, particularly for large or complex order types. The new suite builds upon software assets CQG acquired from Blue Trading Systems in June 2020, and leverages CQG’s internally-developed…
TNS Strengthens Backbone for European Equities Exchanges
TNS, the financial markets infrastructure provider, has invested in strengthening its European backbone and data solutions, offering ultra-low latency TNS Layer 1 in-datacentre architecture, and expanded market data from all major European equities exchanges. The company has also added Wiener Boerse AG, which operates the stock exchanges in Vienna and Prague, to its market data…
MayStreet Adds High Performance Query API to Market Data Lake
New York-based market data technology vendor MayStreet has launched a High Performance Query (HPQ) API to its Market Data Lake, a cloud-based repository of global, cross-asset exchange data, to complement its existing APIs and web-based Analytics Workbench. The HPQ API enables clients to instantly stream near real-time and historical full-depth data at distinct time intervals…
QuantCube Launches Crude Oil Risk Sentiment Indicator
Alternative data specialist QuantCube Technology has launched the QuantCube Crude Oil Risk Sentiment Indicator, which uses natural language processing (NLP) in Arabic and English to accurately capture short-term market risk and predict price movements. By using Arabic social media data, information available on crude oil is increased more than five-fold, creating the most comprehensive crude…
Archax Completes First Fundraising Round for Subsidiary Montis Digital
Archax, the UK regulated and registered digital securities exchange, broker and custodian, working with DLA Piper, has completed the first fundraise on its Primary Issuance Platform, an oversubscribed round of $1.5 million for its recently announced Montis Digital subsidiary, which is building blockchain-based market infrastructure for the post-trade ecosystem. Participants in the raise were onboarded…
SmartStream Adds Intelligent Exceptions Management Design to SmartStream Air
Financial solutions provider SmartStream Technologies has launched a new intelligent exceptions management design for its cloud-native AI-powered SmartStream Air solution. The enhancement, which follows the release of TLM Aurora Universal Data Control earlier this year, is designed to further simplify the typically complex and manual exceptions management process for data reconciliations. The new design aims…
ION Commodities’ Openlink Replaces 30+ Legacy Systems at Constellation
ION Commodities, a global provider of commodities trading and risk management solutions, has implemented its Openlink CTRM solution at Constellation, a US provider of clean energy solutions. Openlink will manage Constellation’s end-to-end wholesale energy operations, replacing over 30 legacy systems, and will serve as a single source of truth and system of record. The ‘Wholesale…
Council of Europe Development Bank Implements Bloomberg MARS Front Office
The Council of Europe Development Bank (CEB) has adopted its Bloomberg’s Multi-Asset Risk System, MARS Front Office, to enable the bank to assess the impact of trading activity on the risk profile of its books. MARS Front Office will provide the CEB with consolidated pricing and risk analytics, including pre-trade and daily post-trade valuations, Greeks…
BSO Partners with EllaLink to Develop Financial Markets Between Europe and Latin America
Infrastructure & connectivity provider BSO has partnered with EllaLink, the express optical platform between Europe and Latin America, to put in place the necessary ultra-low latency connectivity and infrastructure to enable trading firms from around the world to access B3 and other Latin American markets. To date, European and Asian firms wanting to trade the…
MarketFactory Partners with Tradefeedr
MarketFactory, part of ION Markets, has established a strategic partnership with Tradefeedr, the independent FX data and analytics provider, to broaden access to trading information for clients of both companies. By integrating the two platforms, the partnership aims to deliver a seamless trading experience and to enhance transparency and trust levels across the FX market…
Deutsche Boerse Partners with Digital Asset for New Digital Post-trade Platform
Digital Asset and Deutsche Boerse have announced a long-term strategic partnership, to build the exchange’s new fully digital post-trade platform, D7. The new cloud-backed and DLT-ready platform will be designed to cover the entire value chain of issuance, custody, settlement, and asset servicing for digital securities. In the first phase of the project roll-out, Deutsche…
New Meritsoft Report Highlights True Costs of Post-Trade Processing
Banks across Europe and North America are spending large sums in post-trade expense fees as a result of inefficient legacy systems, lack of automation, and the inability to persist data through the workflow, new research claims. According to a report on brokerage, clearing, custody and exchange costs from Meritsoft, a subsidiary of Cognizant that specialises…
Turquoise Plato Connects to OpenFin to Improve Buy-Side Workflow
Turquoise Plato, the London Stock Exchange’s non-displayed order book, has connected to OpenFin, the operating system for enterprise productivity, to deliver application interoperability and a more unified desktop experience for buy-side trading desks. With this collaboration, Turquoise on OpenFin will leverage OpenFin’s open architecture to deliver data directly into trader workflows to support liquidity discovery…
Latest people
Vela’s Nayer Departs Following Exegy Purchase
Following its merger with Vela Trading Systems in May, Exegy has made a number of changes to its leadership team. Former Vela CEO Jen Nayer, who has served as Chief Integration Officer since the merger, is leaving the company to pursue other interests. Exegy Chief Financial Officer Krista Steward takes over as CIO; Dave Foster…
VoxSmart Expands APAC Operations with Office in New Zealand
Communications surveillance specialist VoxSmart has opened a new office in Queenstown, New Zealand, expanding its presence in the APAC region where it already maintains offices in Singapore and Melbourne. The new office will be headed by VoxSmart COO, Adrienne Muir, a native New Zealander. The expansion marks a period of rapid growth for VoxSmart, following…
LedgerEdge Hires Dom Holland to Drive US Business Development
Emerging corporate bond trading platform LedgerEdge has appointed Dom Holland to the role of Business Development for the US, reporting to Michelle Neal, US CEO. Holland’s appointment will support the US expansion of the company, which is rolling out a global corporate bond trading platform built on distributed ledger technology (DLT). Holland was previously Head…
Iress Creates API Data and Trading Solutions Team
Trading technology provider Iress has launched a dedicated API Data and Trading Solutions team to support demand for the company’s market data and infrastructure solutions. The company says the development marks the completion of the full integration of the QuantHouse business, which it acquired in May 2019. The new team will support clients using Iress’s…
LiquidNet Hires Nicholas Stephan to Head Fixed Income Product, Services and Dealer Relations
Liquidnet, the global institutional investment network, has hired Nicholas Stephan as Global Head of Fixed Income Product, Services and Dealer Relations, based in New York. The appointment is the latest in a series of hires in EMEA and the Americas that has significantly increased the size and expertise of the fixed income team since Liquidnet’s…
Adaptive Appoints Fergus Keenan as Chief Strategy Officer
Specialist global electronic trading consultancy Adaptive Financial Consulting, has appointed Fergus Keenan as its Chief Strategy Officer, responsible for implementing the firm’s overarching business vision and strategy. Based in New York, Keenan will be help to drive Adaptive’s global growth as the business expands its client base, delivering proprietary trading solutions across asset classes for…
USAM Announces New Clients, New Staff and New Website
USAM, the New York-based provider of integrated sales, marketing, and advisory services to growth-stage financial technology companies, has added five new clients to its roster: Urvin.ai, TransFICC, MAP Digital, eLoomina and Bodo.ai. The company has also recruited five new members of staff, across operations, sales and marketing and data science/programming, and has launched a new…
Macrobond Appoints Larry Nieman as North America Business Development Director
Macrobond Financial, a provider of economic and financial data and analytics, has appointed Larry Neiman as Director of Business Development, effective 1 November. Neiman, who joins Macrobond after 21 years at Haver Analytics, a provider of financial and economic data and analytic tools, where he most recently served as regional account manager, will be responsible…
Sentieo Doubles Staff in London and Expands Across EMEA
Research platform provider Sentieo has doubled the size of its team in London as it expands to service 50 clients in the EMEA region, with the addition of a director of UX design, a director of product, and three sales and client success executives. The company expects to double the sales team again over the…
Neptune Appoints John Robinson as CEO
Neptune Networks, a pre-trade market utility for fixed income, has appointed John Robinson as CEO. Robinson, who has worked with Neptune as a senior consultant since November 2020, takes the helm from Interim CEO, Byron Cooper-Fogarty, who is remaining with Neptune and will form part of the Management Team as COO. Robinson has over 34…
Archax Launches Blockchain-Based Post-Trade Infrastructure Subsidiary Montis Digital, with Watkins as CEO, Lester as Chairman
Archax, the first FCA-regulated digital securities exchange, has created a new subsidiary, Montis Digital, to launch a blockchain-based post-trade infrastructure for tokenised assets, such as digital securities and security tokens. Montis will be led by CEO Martin Watkins, previously head of the exchanges and financial markets infrastructure practice at EY, and senior executive at AtosEuronext,…
7 Chord Appoints Andrew Sundstrom as Chief Science Officer
Fixed income pricing and analytics vendor 7 Chord has appointed Andrew Sundstrom as its Chief Science Officer, to lead the new phase of development and innovation of its BondDroid proprietary machine learning engine. Sundstrom brings 28 years of cross-disciplinary scientific and industry experience, at Nortel Networks, IBM Research, Morgan Stanley, and most recently at Nanotronics,…
Broadway Technology Appoints Dan Romanelli as Head of Relationships
Front-office solutions provider Broadway Technology has named Dan Romanelli as Head of Relationships, to drive business development initiatives and client relationship management, and to oversee a global team of sales and relationship managers. Romanelli is a 25-year FinTech veteran, and joins Broadway from USAM Group Inc, where he served as co-founder and Chief Strategy Officer….
TORA UK Presence Grows with London Office and Two New Hires
Multi-asset trading solutions provider TORA has expanded its presence in UK with a new London office to support continued growth, and two new hires. Peter Rank, Sales Manager, reporting to David Tattan, Head of Sales for Europe, joins TORA from Axe Trading and Bloomberg AIM, where he worked with clients across Europe. Chris Hopton, Professional…
KX Names ex-TIBCO Executive Mark Bannon as President of Sales, North America
Mark Bannon has joined KX as president of sales, North America, with responsibility for the company’s growth in the region. He will partner the North America sales organisation across finance and other industries to meet growing need for ultra-high performance, real-time data analytics. Bannon joins KX from TIBCO and brings a mix of deep industry…
Featured
FEATURED WEBINAR
Upcoming Webinar: Opportunities of new approaches to electronic trading
Date: 9 December 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to adapt to clients’ evolving needs around integration, speed and multi-asset capabilities. They are also challenged by a capital markets environment characterised…
FEATURED EVENT
RegTech Summit APAC
Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.
FEATURED GUIDE
Trading Regulations Handbook 2021
In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading…
Top White Papers
B2B Data Marketplaces and Beyond
Financial institutions and corporations often generate huge quantities of data as a by product of their core activities. This data – details of historical transactions, customer interactions and metadata for referring to instruments, counterparties or entities – can provide valuable insights for industry participants, and form the basis of a meaningful data sales business. But...
Exchanges Are Becoming Data Marketplaces
Exchanges and other trading venues have long derived revenue from sales of their data; in some cases they operate substantial businesses based around sales of their real-time quotes and other market data services. But few are well set up to deal with growing demand for other datasets they may generate from their core activities, such...
Mitigating Compliance Risk by Matching Application Usage to Data Licensing Obligations
As financial institutions consume more market data from more sources than ever before, the task of administering external data services is growing both in complexity and scale. At the same time, data services are increasingly consumed by applications rather than humans, and these applications often consume more data than humans and produce derived data. As...
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
TradingTech Insight Awards USA
We are excited to announce that the call for entry/nomination phase is now OPEN! These awards recognise excellence in trading solutions and services for capital markets and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions.
