Editor’s pick
Northern Trust to Offer PMS, OEMS Through Enfusion Tie-In
Northern Trust will offer portfolio management, order and execution management system (OEMS), and analytics capabilities to clients through a new arrangement with Enfusion Inc., a provider of cloud-native investment management software and services. Through the collaboration, the two companies will offer buy-side clients a fully integrated, end-to-end solution that aims to streamline workflows. The partnership...
Top Blogs
Northern Trust to Offer PMS, OEMS Through Enfusion Tie-In
Northern Trust will offer portfolio management, order and execution management system (OEMS), and analytics capabilities to clients through a new arrangement with Enfusion Inc., a provider of cloud-native investment management software and services. Through the collaboration, the two companies will offer buy-side clients a fully integrated, end-to-end solution that aims to streamline workflows. The partnership...
Tower Research Selects Torstone for Global Cross-Asset Post-Trade Services
Electronic market-maker Tower Research Capital is deploying Torstone Technology’s Torstone Platform globally for post-trade processing across all asset classes. The firm will use the SaaS-delivered Torstone Platform to manage trade capture, accounting, reconciliations and corporate actions requirements for all of Tower Research Capital’s global entities. Tower cited the platform’s flexibility and scalability as key factors...
Exegy Acquires FPGA Specialist Enyx
Front-office trading solutions vendor Exegy has added to its product portfolio by acquiring Paris-based Enyx, a leading developer of FPGA-based, high-performance trading solutions. Operating as Exegy Inc., the combined company will now offer a product suite that leverages low-latency field-programmable gate array (FPGA) technology at all stages of the trading lifecycle. This builds on Exegy’s...
Latest briefs
Paramata Solutons Becomes FCA-Authorised Benchmark Administrator
Parameta Solutions, the Data & Analytics division of TP ICAP, has become the first FCA- authorised interdealer-broker to administer OTC benchmarks and indices. The company also takes over administration of the nine TP ICAP mid-price interest rate swaps benchmarks that were previously administered by Moorgate Benchmarks Ltd. As a benchmark administrator, Parameta will look to…
Kepler Cheuvreux and BMLL Collaborate for Order Book Analytics an Algo Development
Data and analytics provider BMLL has announced a collaboration with financial services company Kepler Cheuvreux. BMLL will provide Kepler Cheuvreux’s Quant Research and Algo Development Teams with access to the BMLL Data Lab and granular Level 3 Data, to carry out in-depth order book analytics and optimise algo performance. Through the collaboration, Kepler Cheuvreux’s Quant…
OSTTRA Launches Repo Confirmation Service Powered by MarkitWire
OSTTRA, the post-trade solutions company formed in 2021 through the combination of MarkitServ, Traiana, TriOptima and Reset, has launched OSTTRA Trade Processing for Repos, powered by MarkitWire, the electronic trade confirmation and processing platform. The new service will establish a set of industry-standard electronic workflows for Repo trade confirmation and lifecycle event management, built on…
Sagard NewGen Acquires Majority Stake in Horizon Software
Following the announcement earlier this year that electronic trading solutions provider Horizon had entered into exclusive negotiations with investment company Sagard NewGen, Sagard NewGen has now acquired a majority stake in the firm, alongside a management buy-out, to support expansion into new markets and strategic capabilities. With the new investment, Horizon will focus on expanding…
Iress Helps Kepler Cheuvreux Optimise Trading Outcomes
Financial technology provider Iress has helped its client Kepler Cheuvreux to improve trading outcomes in its first full year or use. Iress is now Kepler Cheuvreux’s unique market data provider for all front-office applications, delivering the high-performance API data feeds that power the Kepler Cheuvreux ecosystem. Kepler Chevreux’s recent review of Iress’ performance highlighted a…
Johannesburg Stock Exchange Collaborates with big xyt to Launch New Equity Market Data Analytics Platform
The Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, has deployed a new information service, JSE Trade Explorer, in collaboration with data and analytics solutions vendor big xyt. Using peer group rankings, the service will enable firms that trade on JSE to explore their market share, examine how they interact with the order…
TNS Goes Live with Managed Level 1 Access in Bergamo IT3 Data Centre
Transaction Network Services (TNS), the infrastructure, connectivity, market data and analytic services provider, has leveraged its Layer 1 switching solution to deliver ultra-low latency mutualised market access and network connectivity to the Aruba Global Data Centre IT3 in Bergamo, Italy, in readiness for Euronext’s planned go-live in June. The company has announced that operations now…
Sustainable Trading Secures Eleven Additional Member Firms
Sustainable Trading, the non-profit organisation dedicated to transforming environmental, social and governance (ESG) practices in the trading industry, founded by industry veteran Duncan Higgins earlier this year, has announced an additional 11 firms have joined its membership network. This brings the total number of members of 41 financial services organisations. As well as working with…
SmartStream Launches New Eligibility API for Collateral Management Optimisation
Financial transaction management solutions provider SmartStream Technologies has launched a new Eligibility API for Collateral Management Optimisation, which aims to offer a faster and more efficient way to contain eligibility information within collateral agreements, for both pre- and post-trade collateral optimisation. The Eligibility API will enable SmartStream’s clients to source eligibility information from OTC and…
Tradition Adopts Trayport for Refined Oil Trading Operations Globally
Tradition Financial Services, one of the world’s largest interdealer brokers in over-the-counter financial and commodity-related products, has chosen technology from Trayport, the wholesale energy markets platform and network provider, for its refined oil trading operations globally. Trayport’s technology is already used by Tradition across a number of other markets, and its Joule broker solution, developed…
Appital Bookbuilding Platform Adds TS Imagine to Growing List of Integrated EMSs
Appital, the Equity Capital Marketplace, has integrated TS Imagine’s multi-asset EMS to the Appital bookbuilding platform, to provide buyside clients with greater access to liquidity. The announcement follows the recent Appital collaboration with executing brokers Instinet and Bernstein, and EMSs FlexTrade and FactSet Portware, in anticipation of Appital’s launch later this year. Driven by demand…
FTX.COM Selects Eventus for Global Trade Surveillance and Risk Monitoring
Cryptocurrency exchange FTX.COM has contracted with Eventus, provider of multi-asset class trade surveillance and market risk solutions, to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets globally. The move represents a substantial expansion of the relationship established late last year, when FTX US chose to deploy Validus for…
NowCM and Liquidnet Conduct Successful Simulation of New Issue Workflow
The NowCM Group, digital solutions and infrastructure provider for the primary debt markets, together with Liquidnet, the global institutional investment network, has successfully performed its first simulation of a deal origination and order submission, which involved two leading dealer banks, transaction counsel and a leading European frequent issuer, together with Liquidnet. The simulation delivered real-time…
SmartTrade Releases LiquidityFX Next-Generation Platform
Four months after its acquisition of TickTrade Systems, electronic trading platform provider smartTrade Technologies is now releasing a combined LiquidityFX next-generation (LFX-NG) platform, which aims to combine the best of both pre-existing solutions. LFX-NG offers a range of modules, from AI-driven analytics to cryptocurrencies trading through customisable workflows for all client segments. The solution covers…
Higo Bank Selects Tora EMS for Equities Trading
Tora, the order and execution management system vendor recently acquired by London Stock Exchange Group, has been selected by Higo Bank to upgrade their electronic equity trading operations. Higo cited Tora’s Japanese GUI, trade management and position monitoring tools, and a compliance engine set up for Japanese market regulations as key selection criteria. Higo was…
Latest people
Eventus Names Scott Leader as Managing Director, APAC
Trade surveillance and market risk solutions vendor Eventus has hired Scott B. Leader as Managing Director, APAC, to head the company’s sales efforts in the Asia-Pacific region. Based in Sydney and reporting to Eventus’ Global Head of Sales Scott Schroeder, Leader has nearly three decades of financial services, sales and management experience throughout APAC and…
TP ICAP Hires Mark Govoni as CEO of Agency Execution Division
TP ICAP, the market infrastructure and information provider, has appointed Mark Govoni as CEO of its Agency Execution division. Based in New York, Govoni replaces John Ruskin who, having successfully led the integration of Liquidnet into the TP ICAP Group, will step away from the business at the end of June. Govoni joins TP ICAP…
ADAM Appoints Eventus’ Mike Castiglione as Chair of New National Security Working Group
ADAM (The Association for Digital Asset Markets) has appointed Mike Castiglione, Director of Regulatory Affairs, Digital Assets at Eventus, as Chair of its new National Security Working Group. Castiglione, a former Central Intelligence Agency (CIA) officer, brings broad national security experience to the role. Building on its previous efforts in the national security space, ADAM…
Trading Technologies Appoints Nick Garrow as EVP Multi-Asset & Buy Side
Trading software, infrastructure and data solutions vendor Trading Technologies, has appointed London-based industry veteran Nick Garrow in the newly created position of EVP Multi-Asset & Buy Side. Garrow has more than 20 years of senior management experience in capital markets and prime brokerage, most recently at Societe Generale (SG) Prime Services in London, where he…
Axe Trading Appoints Greville Lucking as CEO
Fixed income trading software company Axe trading has appointed Greville Lucking as its new Chief Executive Officer. Lucking has been with the firm since 2018 in the role of Head of Customer Support & Integration. Earlier in his career, Lucking was Chief Operating Officer of EMBonds until their acquisition by BGC Partners in 2018. He…
smartTrade Appoints Three New Managers to its Executive Leadership Team
smartTrade, the provider of electronic trading solutions, has strengthened its Executive Leadership Team with the appointment of Carine Denis as Global Head of Business Operations, Renaud Kerspern as Chief Financial Officer and Elise van der Schans as Chief Human Resources Officer. Denis joins from Finastra where her roles included those of Regional Operating Officer and…
Eventus Hires Nick Wallis as Managing Director, EMEA
Trade surveillance and market risk solutions vendor Eventus has appointed Nick Wallis as as Managing Director for the Europe, Middle East and Africa (EMEA) region. Wallis has extensive experience in financial markets, energy derivatives and technology, including 12 years at Nasdaq, where he ran its surveillance sales and account management in EMEA, having moved into…
Liquidnet Hires James Rubinstein to Head Execution and Quantitative Services, Americas
Agency broker Liquidnet has appointed James Rubinstein as Head of Execution and Quantitative Services (EQS), Americas, based in New York. Rubinstein will be responsible for setting and leading the strategic direction for Liquidnet’s EQS offering in the region, and will report directly to Rob Laible, Global Head of Equities. Rubinstein joins Liquidnet from BNP Paribas,…
BMLL Expands US Footprint and Hires Tim Baker as Senior Adviser
Data and analytics vendor BMLL has appointed Tim Baker as Senior Adviser. Based in New York, he will be responsible for growing BMLL’s US client base, developing and implementing the company’s growth strategy in the region, in response to increasing client demand for the company’s Level 3 Data and Analytics. Baker is a seasoned innovator,…
Pico Appoints Stacie Swanstrom as Chief Product Officer
Pico, a provider of technology services for the financial markets community, has named Stacie Swanstrom as Chief Product Officer. Following the company’s recent acquisition of Redline Trading Solutions, Swanstrom will lead Pico’s newly expanded product management team to deliver new product innovation through PicoNet, the company’s ultra-low latency global network. Swanstrom’s experience includes 27 years…
Eventus Hires Josh Bosquez as Chief Technology Officer
Trade surveillance and market risk solutions vendor Eventus Systems has appointed Josh Bosquez as Chief Technology Officer. Based in Frisco, TX, and reporting to CEO Travis Schwab, he will oversee the team of engineers that design and maintain the firm’s Validus platform. Bosquez joins with 24 years of software engineering experience, including more than 20…
Etrading Software Expands Management Team with Two C-Level Appointments
Financial technology solutions provider Etrading Software has expanded its management team by appointing James Haskell as Chief Operating Officer and David Lane as Chief Technology Officer. Both will join the board. Haskell, who steps up from his role as Business Operations Officer at the company, previously spent 13 years at Goldman Sachs in various senior…
Eventus Appoints Jeff Bolke as Chief Revenue Officer
Trade surveillance and market risk solutions provider Eventus Systems has hired Jeff Bolke as Chief Revenue Officer, based in Austin, Texas. Bolke has held a number of executive and sales leadership roles at firms including Accruent, IBM and Tibco, and was most recently EVP, sales, at Planview Inc., a provider of portfolio and work management…
Alexandra Boyle Joins Symphony as Chief Marketing Officer
Symphony, a market messaging and collaboration technology platform, has appointed Alexandra Boyle as Chief Marketing Officer. Boyle joins from OpenFin, where she headed the Strategic Client Group in Europe.
Rapid Addition Names Deepak Dhayatker CTO
Electronic trading solutions specialist Rapid Addition has named Deepak Dhayatker as Chief Technology Officer. Dhayatker joins from Commerzbank, where he was responsible for building electronic trading and platform development teams across multiple locations. Prior to Commerzbank, he held senior software engineering roles at BNP Paribas, Dresdner Bank and CMC Markets. Splitting his time between London…
Featured
FEATURED WEBINAR
Upcoming Webinar: Best Practices for Building High-Performance Data Infrastructures
Date: 23 June 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of…
FEATURED EVENT
TradingTech Summit London
Now in its 11th 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 Data Handbook 2022
The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data…
Top White Papers
Benefiting from Advanced Execution in US Treasury Markets
The expanded footprint of electronic non-bank liquidity providers (NLPs) and established broker/dealers, as well as the proliferation of electronic aggregation platforms, are all adding complexity to fixed-income markets, which as a result are starting to resemble established electronic markets like equities and foreign exchange. For market participants, this has added to the challenge of sourcing...
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...
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
Voting in the TradingTech Insight Awards USA 2022 is now CLOSED! 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.
