Editor’s pick
Pico Adds Japan Market Access, Plans Further APAC Expansion
Trading infrastructure and connectivity specialist Pico has added colocation services and ultra-low-latency market data delivery of the Tokyo and Osaka stock exchanges to its Asia-Pacific capabilities. The Japan Exchange Group (JPX) deal is the latest in a series of moves by Pico in the past 18 months to expand in the Asia-Pacific region, with added...
Top Blogs
Creator of SOTERIA Branches Out with New Agnostic Audio Assurance Offering, as Regulatory Focus Sharpens
Insightful Technology, the RegTech specialist most recently known for creating Communication compliance and surveillance SaaS solution, SOTERIA, has spread its wings today with the launch of the first agnostic stand-alone product outside of the core offering. Audio Assure, a solution that enables automated and accurate audio testing, as well as the monitoring of line operations...
COVID-19: Regulatory Response (6 April)
In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to...
Pico Adds Japan Market Access, Plans Further APAC Expansion
Trading infrastructure and connectivity specialist Pico has added colocation services and ultra-low-latency market data delivery of the Tokyo and Osaka stock exchanges to its Asia-Pacific capabilities. The Japan Exchange Group (JPX) deal is the latest in a series of moves by Pico in the past 18 months to expand in the Asia-Pacific region, with added...
Latest briefs
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…
US SEC Seeks Fairer Market Data Access, Deeper Data in SIP Feeds
The US Securities and Exchange Commission (SEC) is calling for reforms that would level the playing field for access to market data. In a bid to narrow the differential between those with access to high-cost data feeds that contain a greater depth of information, and other investors in the marketplace, the SEC proposals would subject…
IOSCO Calls for Parity on Crypto-Asset Trading Platform Scrutiny
Crypto-asset trading platforms (CTPs) such should be subject to the same kinds of standards that other types of trading platforms are, according to a new report from the International Organization of Securities Commissions (IOSCO). The report – Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms – suggests that regulators look at: access to…
Deutsche Bank Partners Xceptor at Indonesian Corporate Bank
Deutsche Bank’s corporate bank and Xceptor have partnered to automate the bank’s core processes in Indonesia as part of a broader optimisation and digitisation strategy. Xceptor provides AI-enabled data centric automation software to drive productivity and operational efficiency. As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the…
JP Morgan Invests in Fund Administration Specialist Arcesium
New York-based investment management technology and post-trade services provider Arcesium has won strategic funding from JP Morgan. Arcesium was originally launched by investment and technology giant D E Shaw Group in 2015 on a platform developed for its own post-trade activities, with backing from Blackstone, which became one of its first clients. Its Securities Services…
TP ICAP Implements MDXT for Client Content
In early February, MDX Technology (MDXT), announced that TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. MDXT was integrated with the broker’s Data & Analytics division’s core infrastructure to collect real-time data for direct distribution to clients via multiple end points, including Microsoft Excel, web portals, mobile apps and…
FCA Paper Calls Latency Arbitrage ‘Tax’ on Non-HFT Traders
In a further signal that regulators may seek to address what they see as information and process asymmetries within HFT firms’ trading strategies, the UK’s FCA last month published a research paper claiming that latency arbitrage results in a global “tax” on non-HFT investors in equity markets. The paper says HFT firms’ use of faster…
TRG Screen Completes Integration of FITS and INFOmatch with PEAR
TRG Screen has competed the integration of its spend management platforms FITS and INFOmatch with its PEAR exchange compliance database. INFOmatch & FITS give users clarity they need to take control of market data, research, software and enterprise subscription spend across the enterprise, while PEAR consolidates exchange information, including policies and pricing, into a searchable online…
London Metal Exchange Partners Trading Technologies
The London Metal Exchange has partnered Trading Technologies (TT) to supply the exchange’s trading participants with direct access to the exchange via the TT front-end interface. TT will replace the LME’s current GUI when its new trading platform launches in 2021. Delivered via software-as-a-service, the TT platform will provide LME members and members’ clients around…
Redline Onboards 24Exchange to Expand Support for NDF Trading
Redline Trading Solutions, a provider of high-performance market data and order execution systems for automated trading, is supporting 24Exchange, a new offshore, multi-asset class, OTC platform, on its InRush Ticker Plant and Order Execution Gateway for its FX clients. 24Exchange becomes a market data and routing destination on the Redline Trading Solutions Network with mutual…
Latest people
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…
SteelEye Appoints Rob Bernstein as Chief Financial Officer
Compliance technology and data analytics firm SteelEye has confirmed the hire of Rob Bernstein as its new CFO. He joins from RegTek Solutions, which was acquired by Bloomberg in August 2019, where he was CFO since February 2018. Bernstein has more than 10 years’ experience as a finance executive, formerly with London-based tech firm TIM…
CloudMargin Promotes Armando Hernandez to Expand Presence in North America
London-based CloudMargin, provider of a collateral and margin management solution native to the cloud, has promoted Armando Hernandez to the new role of executive director, head of North America. Hernandez joined CloudMargin in September 2018 as director of new business development for North America. In his new role, reporting to CEO Stuart Connolly, Hernandez takes…
LiquidityBook Adds to EMEA Client Service Team
LiquidityBook, a provider of Software-as-a-Service (SaaS) trading solutions, has named two London-based hires for its EMEA client service team. James Pearson joins from Schneider Trading Associates, where he most recently served as head of IT and takes on the role of technical implementation analyst; while Abdullah Al Nasiri joins from Fidessa to serve as a…
LSEG Names Arne Staal Head of Research and Product Management, Information Services
London Stock Exchange Group (LSEG) has named Arne Staal to the newly created role of head of research and product management in its Information Services Division (ISD). Staal will lead the two complementary areas of ISD, linking up research and thought leadership with product strategy and development. Staal joins LSEG from Aberdeen Standard Investments where…
Charles River Development Names Spiros Giannaros as President
Charles River Development, a State Street company, has named Spiros Giannaros as president with responsibility for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution. Giannaros will report to John Plansky, CEO of Charles River and leader of State Street Global Exchange and State Street AlphaSM….
CQG Hires to Bolster Asia Pacific Presence
CQG, a provider of technology solutions for traders, brokers, commercial hedgers and exchanges, has announced that Benjamin Soong has joined the firm as president, APAC, and Rick Chang as head of Greater China. Rod Giffen, formerly CQG president, APAC, takes the new role of chief experience officer. Soong joins CQG from Ledger, where he was…
Redline Hires Andrij Wowkodaw as Global Head of FX Exchange
Redline Trading Solutions, a provider of high-performance market data and order execution systems for automated trading, has named Andrij Wowkodaw as global head of foreign exchange. Wowkodaw brings over 15 years of buy-side and sell-side electronic and algorithmic trading experience to Redline. Most recently, he was director of eFX quantitative analysis at Scotiabank. Before that,…
Luminex Adds Financial and Technology Professionals
Luminex Trading & Analytics, a buy side-owned trading venue delivering efficient, low-cost block executions, has hired three financial and technology professionals to meet growing engagement with its platform by its community of investment management firms. Joshua Reed has joined as a sales and relationship manager, Joshua Opper as director of infrastructure, and Robin Burr as…
DTCC Promotes Lynn Bishop to CIO
DTCC has appointed Lynn Bishop as chief information officer with responsibility for the ongoing development and testing of the technology that supports DTCC’s post-trade infrastructure, communications networks, processing and messaging systems, as well as the IT applications underlying DTCC’s products and services. Bishop is a member of the firm’s management committee and reports directly to…
Mark Hemsley Plans Retirement from Cboe in 2020
Mark Hemsley, executive vice president at Cboe Global Markets and president of Cboe Europe, is planning to retire from the company at the end of February 2020. David Howson, chief operating officer of Cboe Europe since 2013, will succeed Hemsley and assume his roles on January 1, 2020. Hemsley was a founding employee of Bats…
TP ICAP Appoints Ex RBC Capital Markets MD as Head of Strategy
TP ICAP has appointed Joanna Nader as global head of strategy. She was previously managing director at RBC Capital Markets, where she was head of diversified/speciality financials research, covering a number of companies including TP ICAP. Before joining RBC Capital Markets, Nader spent nearly 10 years as the chief investment officer of JRJ Group, a…
Featured
FEATURED WEBINAR
Upcoming Webinar: Advances in Trade Infrastructure Monitoring
Date: 19 May 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET To wring greater performance from your trading infrastructure, it’s essential to be able to measure its performance. Leaders in the trading technology race are already using infrastructure monitoring capabilities to assess their trading set-ups and to derive value-added data and insights into…
FEATURED EVENT
RegTech Summit London
Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
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
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...
Adopting AI for Superior Reconciliations
Firms’ reconciliation and exceptions management processes are manually intensive, expensive and prone to error. With rising compliance costs and greater competition narrowing margins in financial services, firms are looking to streamline their reconciliations processes through automation, giving them the opportunity to reduce the number of exceptions they manage and the time it takes to deal...
Events and webinars
TradingTech 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 New York City
Now in its 4th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreRegTech Summit London
Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreTop Knowledge Hub picks
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.
Most commented on