Editor’s pick
As the Latest FPGA Technology from AMD Sets the Gold Standard, where Next for Ultra-Low Latency Trading?
Earlier this summer, AMD achieved a world-record STAC-T0 benchmark result1 with its FPGA designed for ultra-low latency trading, the AMD Alveo UL3524 FinTech accelerator card, and has now just launched a new card with equivalent performance but half the size, geared towards even broader adoption among high-frequency trading firms. STAC benchmarks are the accepted industry...
Top Blogs
24 Exchange Secures SEC Approval for 23-Hour Trading Platform
24 Exchange, the multi-asset trading platform designed to facilitate continuous trading across various asset classes, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange, the first U.S. national securities exchange offering 23-hour trading on weekdays. This milestone is contingent on adjustments to Equity Data Plans to support overnight...
Quincy Data Launches Sub-Nanosecond Time Synchronisation Service
Quincy Data, provider of ultra-low latency market data technology, has introduced a Time Synchronisation as a Service (TSaaS) offering, designed to deliver sub-nanosecond accuracy for firms operating across major US financial exchanges. The service, which operates in the New Jersey and Chicago metropolitan regions, provides a plug-and-play solution for precise time distribution, addressing growing industry...
QuantHouse Integrates Saudi Exchange Market Data
QuantHouse, the API Data and Trading Solutions business of Iress, has expanded its offering to provide real-time market data from the Saudi Exchange, enabling clients to access comprehensive trading information from the largest stock exchange in the Middle East and North Africa (MENA) region. The integration makes real-time data on equities, trusts, rights, indices, and...
Latest briefs
big xyt Partners with Trackinsight to Revolutionise ETF Data Analytics
big xyt, provider of AI-driven analytics for global financial markets, has formed a strategic partnership with Trackinsight, the ETF data provider. The collaboration merges big xyt’s expertise in secondary market analytics with Trackinsight’s extensive ETF reference data, creating a solution to deliver comprehensive insights into the $14 trillion ETF ecosystem, addressing complexities such as product…
Cboe Clear Europe Gains Approval to Launch Clearing Service for European Securities Financing Transactions
Cboe Clear Europe has received regulatory approval from De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) to clear European Securities Financing Transactions (SFTs). The new service will provide central clearing, settlement, and post-trade lifecycle management for cash equities and ETFs, supporting lenders, including UCITS and non-UCITS participants, and borrowers across 19 European Central…
Exegy Expands nxAccess to Cover All Canadian Equity Exchanges
Exegy, the trading technology provider, has expanded its FPGA-based tick-to-trade solution, nxAccess, to include all Canadian equity exchanges. This development enables seamless, ultra-low latency trading across both Canadian and US markets, catering to diverse trading strategies. The enhanced coverage allows Canadian traders to access both market data and order execution across key venues, including Montréal,…
OSTTRA and FIS Partner to Enhance Transparency and Efficiency in ETD Post-Trade Processing
OSTTRA, the post-trade solutions vendor, has entered a strategic partnership with FIS to enhance transparency and efficiency in the exchange-traded derivatives (ETD) post-trade lifecycle. The collaboration will provide OSTTRA’s network of investment management clients with real-time clearing status updates from over 70 global CCPs via FIS Connections, improving transparency in give-ups and exception management. FIS…
Blue Riband Group Selects TS Imagine’s TS One Risk Module for Portfolio Management
Blue Riband Group, the global long/short equity investment manager, has adopted the TS One Risk Module and Portfolio Risk Management from TS Imagine, the financial markets solutions vendor. TS One is a solution purpose-built for investment teams, integrating functionalities such as Portfolio Management, Trading, Risk Management, Compliance, and Operations. Its modular design allows for scalability…
Trading Technologies to Offer Access to Cboe Equity Index Options in 2025
Trading Technologies International (TT), the global provider of capital markets technology, plans to add access to Cboe equity index options on its platform starting early 2025. This development will allow TT’s institutional and professional trader clients to trade popular Cboe index products, including the S&P 500 Index (SPX), Cboe Volatility Index (VIX), Russell 2000 Index…
CQG to Offer Day-One Access to MIAX Futures Exchange, Including New Bloomberg Equity Index Futures
CQG, the trading technology solutions provider, plans to provide day-one access to the MIAX Futures Exchange, including Bloomberg equity index futures contracts, upon the launch of the exchange’s Onyx matching engine in June 2025. The announcement was made at the Futures & Options Expo in Chicago. This development aligns with Miami International Holdings, Inc.’s (MIH)…
BMLL Expands Data Offering with Six Years of Historical OPRA Options Data
BMLL, provider of harmonised Level 1, 2, and 3 data across global equity, ETFs, and futures markets, has added OPRA (Options Price Reporting Authority) data to its platform. Market participants now have access to six years of nanosecond unconflated OPRA options data, complementing existing US equity and futures datasets. This historical dataset is available via…
Ten10 Solutions Acquires The Scale Factory to Enhance Cloud and DevOps Services
Ten10 Solutions Limited, the IT consulting firm specialising in Automation, Quality Engineering, and Cloud & DevOps services, has acquired The Scale Factory, an AWS Advanced Consulting Partner known for its expertise in B2B SaaS, offering infrastructure improvements, cloud migrations, and ongoing support. This strategic acquisition aligns with Ten10’s growth objectives, strengthening its position as a…
DTCC’s Enhanced VaR Calculator for Potential Cross-Margin Reductions
The Depository Trust & Clearing Corporation (DTCC) has updated its Value at Risk (VaR) calculator to include cross-margining and repo transaction functionalities, aimed at improving firms’ risk management capabilities ahead of expanded U.S. Treasury clearing requirements expected in 2025 and 2026. These enhancements, introduced through the Fixed Income Clearing Corporation’s (FICC) Government Securities Division (GSD),…
BondWave Acquires Bitvore’s Fixed-Income Analytics Unit
Fixed income-focussed FinTech BondWave has completed its acquisition of Bitvore’s data analytics business, which uses artificial intelligence (AI) to scour unstructured data sources for bond market clients. The technology will be incorporated into BondWave’s Effi fixed income data and analytics platform to “provide users with enhanced transparency and further support our mission and vision as…
Market Data Startup Databento Boost Fund Raising to $30m
Market data vendor and technology startup Databento has boosted its fundraising to US$30 million with a recent $10m capital boost from investors including Belvedere Trading, Clear Street and Lightscape Partners. Databento builds APIs to better serve financial institutions with high-fidelity market data. The pay-as-you-go service enables clients to select data distributed from almost 50 exchanges…
Tradeweb and Tokyo Stock Exchange Partner to Enhance Liquidity Access for Japanese ETFs
Tradeweb Markets Inc. and the Tokyo Stock Exchange (TSE) have formed a strategic partnership to boost institutional access to liquidity in Japanese exchange-traded funds (ETFs). The collaboration introduces a direct link between Tradeweb’s platform and TSE’s CONNEQTOR request-for-quote (RFQ) platform, enabling Tradeweb buy-side clients to access CONNEQTOR’s liquidity providers when executing Japan-listed ETF trades. The…
TS Imagine Completes Acquisition of PrimeOne
TS Imagine, the global provider of trading, portfolio, and risk management solutions, has now completed its acquisition of PrimeOne, specialists in operational risk management for the prime brokerage sector. The combined entity will operate under the TS Imagine brand, maintaining its global headquarters in New York. TS Imagine provides a SaaS platform offering integrated front-office…
OTP Group Selects Integral’s Cloud Technology for Enhanced Global FX Trading Operations
OTP Group, one of the leading banking groups in the Central and Eastern European region, has selected technology from currency technology provider Integral, to upgrade its FX trading infrastructure. By implementing Integral’s advanced liquidity aggregation, pricing engine, and risk management solutions, OTP Group aims to deliver high-precision pricing and increased operational reliability for its clients….
Latest people
Broadridge Appoints David Fellah and Alix Jules to Advance AI Trading Solutions and Transformation
Broadridge Financial Solutions has appointed David Fellah as Vice President of AI Trading Solutions and Alix Jules as AI Business Transformation Leader, both reporting to Roger Burkhardt, Enterprise Head of AI and Data and CTO of Capital Markets. Based in New York, Fellah will focus on developing AI and analytics-based trading solutions to enhance client…
TRG Screen Expands Global Operations with New Center in Bangalore and Key Leadership Appointments
TRG Screen, the B2B market data and subscription cost management solutions provider, has opened a new Global Capacity Center in Bangalore, India, and made a series of strategic leadership appointments. The Bangalore center aims to enhance TRG Screen’s ability to provide around-the-clock client support, to reinforce the company’s operational resilience, and expand its talent base…
OptAxe Appoints FX Industry Leader Chris Smith as Chief Business Development Officer
OptAxe, the regulated trading platform specialising in liquidity solutions for FX options, has appointed Chris Smith, a veteran in foreign exchange (FX) markets, to its management team. The strategic hire follows OptAxe’s recent authorisation by the UK’s FCA to operate as a Multilateral Trading Facility (MTF) for FX options, reinforcing the company’s commitment to innovation…
ITRS Hires Ryan Terpstra as New CEO to Drive Growth and Innovation
ITRS, the real-time IT monitoring and observability solutions provider, has appointed Ryan Terpstra as CEO. Terpstra replaces Guy Warren, who led the company for over a decade and is stepping down to prioritise family commitments. Terpstra brings over 20 years of leadership experience in technology, most recently serving as Chief Product Officer at ION Analytics,…
DiffusionData Appoints Raphael Vergnaud as Chief Revenue Officer
DiffusionData, thereal-time data streaming and messaging solutions vendor, has named Raphael Vergnaud as its new Chief Revenue Officer. Vergnaud brings over 25 years of global experience in enterprise sales, previously holding senior roles at companies such as Montrium, Zendrive, and Keatext. In his new position, he will oversee all revenue-generating activities, focusing on sales and…
SGX FX Strengthens Liquidity and Data Innovation with Appointment of Hugh Whelan
SGX FX, the FX arm of the Singapore Exchange, has appointed Hugh Whelan as head of liquidity management and data strategy, reinforcing its commitment to enhancing liquidity provision and advancing data-driven solutions. Whelan, formerly the head of EBS Direct at CME Group, will be based in London and tasked with steering the strategic direction of…
Devexperts Appoints Ben Hurley as New CEO to Drive Innovation and Growth
Devexperts, the global capital markets software developer, has appointed Ben Hurley as its new Chief Executive Officer. This leadership change marks the beginning of a new phase of growth for the company, which provides tailored technology solutions to financial institutions and brokerages worldwide. Hurley, who joined Devexperts in 2022 as Country Manager for Ireland, has…
Sustainable Trading Report Highlights Workplace Challenges in Global Trading Industry
Sustainable Trading, the non-profit membership network dedicated to transforming ESG practices within the global markets trading industry, has released the “LIFE BEYOND THE DESK: Trading Employee Workplace Experience Report,” offering insights into the experiences of 270 current and former trading professionals. The report suggests the need for industry-wide changes in workplace practices, particularly concerning health,…
Exegy Strengthens Leadership with New Hires to Lead Client Success Initiative
Exegy, the market data and trading technology provider, has appointed Yewande Sobola and Thomas Gallo to lead its new Client Success Initiative, marking a key milestone in the company’s integration of Enyx and Vela. This initiative is designed to enhance Exegy’s role as an extension of its clients’ technology and operations teams, helping them achieve…
Quant Appoints Lenna Russ as Chief Commercial Officer to Drive Growth
Quant, specialists in digital finance, has announced the appointment of Lenna Russ as Chief Commercial Officer, a newly established role within the company. Russ joins from Tradeteq, where she served as Chief Revenue Officer for three years, overseeing significant achievements such as a $12.5 million Series A Plus funding round, the launch of a new…
DTCC Welcomes Four New Directors to Board of Directors
The Depository Trust & Clearing Corporation (DTCC), has added four new members to its Board of Directors. Brian Gallagher, Global Head of Markets Operations at JPMorgan Chase, brings over 23 years of experience in various leadership roles within the firm. Christopher Gelvin, Chief Operating Officer of Group Operations and Technology Office at UBS, has been…
Delta Capita Appoints Bradley Szu-Tu as Head of Client Lifecycle Management in APAC
Delta Capita, the Capital Markets consulting, managed services, and technology provider, has appointed Bradley Szu-Tu as the Head of Client Lifecycle Management (CLM) in the APAC region. Based in Singapore, Szu-Tu will oversee the expansion and management of Delta Capita’s CLM business across consulting, services, and technology for financial services clients, which currently number over…
London Stock Exchange Group Appoints Pascal Boillat as Chief Operating Officer
The London Stock Exchange Group plc (LSEG) has appointed Pascal Boillat as Chief Operating Officer, effective 1 July 2024. Reporting to CEO David Schwimmer, Boillat will be based in New York and will lead LSEG’s global operations division, supporting both internal and customer services. He will also join the Group’s Executive Committee. Boillat brings over…
CLS Appoints Five New Directors to Board at 2024 Annual General Meeting
CLS, the financial market infrastructure group, announced the appointment of five new directors to its Board of Directors at the CLS Annual General Meeting on 4 June 2024. The new board members are Teddy Cho (BNY Mellon), Scott Lucas (JP Morgan Chase), Akila Raman (Goldman Sachs), Peter Whitelaw (National Australia Bank), and Michael Lawrence (Independent)….
IPC Announces Leadership Transition: Kurt Adams Named CEO, Stuart C. Harvey, Jr. Appointed Chairman
As part of a planned leadership transition at IPC, the trading communications and infrastructure solutions provider, Kurt Adams will succeed Bob Santella as CEO, bringing over 25 years of experience in the financial and technology sectors. Adams previously served as CEO of Optum Financial and held executive roles at Fleetcor Technologies, U.S. Bank, and other…
Featured
FEATURED WEBINAR
Recorded Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes
In Partnership With As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United Arab Emirates (UAE), Saudi Arabia and beyond. Exchanges and market intermediaries trading in these centres are adopting cutting-edge technologies to cater to the growing…
FEATURED EVENT
TradingTech Summit MENA
The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.
FEATURED GUIDE
Institutional Digital Assets Handbook 2024
Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and…
Top White Papers
Interoperability and AI in Trading Workflows
Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational processes. With AI and generative AI (GenAI) in particular still nascent...
Trading in the Public Cloud: Attitudes to Cloud Adoption in Capital Markets
Capital markets have been slow to embrace cloud technologies and in particular the public cloud. Practitioners have been wary of issues around speed/performance, privacy and cost, all of which can dampen the appeal of cloud technologies for trading firms. But broad acceptance of cloud beyond finance is highlighting some compelling benefits, primarily in terms of...
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...
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
Nominations in the 7th annual TradingTech Insight Awards USA 2025 are 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.
