Trading Technology


8 Securities launches robo-advisor Chloe in Japan

Asian fintech company 8 Securities has launched Chloe, a robo-advisor that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). To begin, customers must answer a short survey which will help Chloe set goals and target dates to achieve those goals. Each yen deposited is invested into a diversified global […]

Haier Finance opts for Bloomberg’s FX electronic trading platform

China-based Haier Finance has adopted Bloomberg’s foreign exchange (FX) electronic trading platform (FXGO) and multi-asset risk system (MARS) for trading and risk management. Bloomberg FXGO provides access to liquidity from over 300 providers worldwide and commission-free trading for financial institutions, corporations, money managers and hedge funds across “all major” FX instruments including spot, forwards, options, […]

Ancoa delivers AWS hosted market surveillance platform to Convergex

US-based brokerage services provider Convergex has implemented Ancoa’s market surveillance platform to monitor all trading activity across its domestic and international cash equities and options businesses. It also monitors trading activity of “all lit and dark venues” including Millennium, Convergex’s proprietary applicant tracking system (ATS). The cloud-based deployment is running on Amazon Web Services (AWS), […]

Deutsche Börse goes blockchain for cash transfers

Deutsche Börse has developed a concept for the “riskless” transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT)/blockchain. By combining blockchain with its post-trade infrastructure, Deutsche Börse says the same as everyone else – such as it will “achieve efficiencies” and will investigate “possible new business opportunities”. Via collateralisation at […]

S&P sells QuantHouse to original founder

S&P Global is selling trading solutions provider QuantHouse to one of its original founders, Pierre Feligioni. “The time is right for QuantHouse to regain focus and flexibility to exploit growing market opportunities in North America, Europe and Asia,” Feligioni states.

LSE to acquire financial data provider Mergent

London Stock Exchange (LSE) is to acquire 100% of the issued share capital of business and financial data provider Mergent. The Mergent business will form part of LSE’s information services division, which includes FTSE Russell, a provider of indexes, and real-time and reference data products. Mark Makepeace, group director of information services and CEO of […]

White paper: Achieving Real-Time Financial Regulatory Compliance with In-Memory Computing

Stringent regulations and client protection initiatives enacted in the wake of the 2008 financial meltdown are causing unprecedented and growing technical challenges. Banks and other financial institutions must monitor, collect, and analyze vast amounts of data from multiple, disparate sources in real-time. This new white paper provides an overview of the current economic and regulatory […]

Euronext and Algomi to launch new MTF for corporate bond trading

Pan-European exchange Euronext will use Algomi’s fixed income technology for its new multilateral trading facility (MTF) in a ten-year partnership. With their joint venture (JV), capitalised by Euronext for $2.3 million, dealers will be able to access the trading interface either directly through their existing Algomi technology or through their stand-alone systems. The platform will […]

SETL blockchain powers Cobalt’s FX post trade

London-based blockchain firm SETL and Cobalt DL, a private peer-to-peer network, have teamed up to use SETL’s OpenCSD within the Cobalt FX post trade platform. The service is set to launch in 2017, with 15 institutional FX participants “already committed” to the service. Earlier this year, SETL unveiled the OpenCSD platform, its first commercial offering, […]

TD Ameritrade to buy Scottrade for $4bn

Nebraska-based online broker TD Ameritrade is to acquire US discount brokerage firm Scottrade in a cash and stock transaction valued at $4 billion, resulting in its branch network more than quadrupling in size. For TD Ameritrade, it says it will get a network of nearly 500 branches employing more than 1,000 investment consultants. It will […]

BNP Paribas picks Fidessa’s derivatives trading platform

BNP Paribas has selected Fidessa’s derivatives trading platform to underpin the bank’s futures and options agency trading business. The platform will support the workflow requirements across Europe, Asia-Pacific and North America. It will also provide BNP Paribas with a suite of specialised derivatives algorithms, including benchmark algos and advanced synthetic order types to normalise trading […]

White Paper | Driving High Frequency Trading and Compliance With In-Memory Computing

This paper looks at the current state of high-frequency trading – why it’s popular and what types of strategies and technologies are being used. It then explores how in-memory computing can meet the technological challenges and increase trading profits. As competition intensifies in the field of high-frequency trading, financial services firms need a new level […]

Misys to float on London Stock Exchange

Misys plans to proceed with an initial public offering (IPO) on the London Stock Exchange in early November 2016. As Banking Technology reported in August, Misys – currently residing in the hands of US-based Vista Equity Partners – was understood to be gearing up for this IPO with a £5.5 billion float and appointed investment […]

Sibos 2016: blockchain passes stupidity test

“First they think it’s stupid, then they think it’s obvious. Blockchain has passed the first test.” These are the words of an economics professor (quoted, but not present) on revolutionary ideas, and perhaps a succinct evaluation of where blockchain is right now. In a packed conference room on the Monday afternoon (26 September), the panel discussed “Blockchain 2020 – what next for adoption by the financial industry”.

Goldman Sachs in free software gambit

In a new gambit, Goldman Sachs is giving its most valuable software away for free to win more business from clients. In an interview with The Wall Street Journal, Michael Dubno, who was CTO at Goldman Sachs for 20 years, discussed how the investment bank makes “billions of dollars in well-timed trades, and sidestep billions […]

Banking Technology Awards 2016 – shortlist unveiled

Our rejuvenated Banking Technology Awards have received an unprecedented amount of entries this year – from banks, financial institutions, fintech firms and individuals worldwide – and we are happy to reveal the shortlisted candidates. Now in their 17th year, Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial […]

GMEX tech to underpin new swap execution facility, Seed SEF

Chicago-based swap execution facility, Seed SEF, has been granted full registration by the US Commodity Futures Trading Commission (CFTC). It is underpinned by the GMEX Technologies’ trading and surveillance software. GMEX is also a stakeholder in Seed SEF. SEFs are trading facilities that operate under the CFTC’s regulatory oversight for trading and processing swaps. They […]

UK competition watchdog cools ICE’s Trayport acquisition

The UK’s Competition and Markets Authority (CMA) says it has “provisionally” found Intercontinental Exchange’s (ICE) acquisition of Trayport may give rise to competition concerns. ICE is the largest operator of exchanges and clearing houses in the trading of European utilities. It has its own proprietary software which allows trading of energy commodity and utility derivatives […]

Tullett Prebon teams with GMEX for trading platform launch

Inter-dealer money broker Tullett Prebon has partnered with GMEX Group to develop a hybrid voice and electronic trading platform for FX Options. The new FX Options trading solution will integrate GMEX’s request for quote (RFQ) technology with Tullett Prebon’s existing central limit order book (CLOB) capability. GMEX Technologies, a wholly-owned subsidiary of GMEX Group, supported […]

TMX Group embarks on business integration initiative

Canada’s major exchange, depository and clearing group – TMX – has unveiled a new initiative that is set to transform the company into “a client-driven solutions provider to the Canadian and global capital markets”. TMX states that “the objective of the initiative is to align, simplify and integrate relevant systems and operations to both lower […]

New data and analytics solution for Aequitas NEO Exchange

Canada’s newest stock exchange, Aequitas NEO Exchange, has implemented the hosted version of OneTick platform, supplied by OneMarketData. The new platform underpins the exchange’s data and advanced analytics service, OneTickCloud. OneTickCloud supports global equities and futures tick history, reference data, and adjustment factors, and provides on-demand analytics for creating custom datasets. Karl Ottywill, COO at […]

LSE powers Casablanca Stock Exchange trading tech revamp

Casablanca Stock Exchange (CSE) has gone live with Millennium Exchange for equities and fixed income trading and Millennium Surveillance to monitor trading and “detect unusual behaviour”. The solutions will be underpinned by the Millennium Advanced Platform (MAP), and are all provided by Sri Lanka-based MillenniumIT; which was acquired by the London Stock Exchange (LSE) in […]

Fidessa revenue and profit rise

Trading platform provider Fidessa has reported an increase in profit and revenue in the first half of 2016. For the period ended 30 June 2016, revenue rose by 9% to £158.3 million. Profits were even better. Operating profit was £22.0 million, compared to £19.2 million in 2015. Pre-tax profit was also up – with a […]

National Stock Exchange of India goes live on ITRS’s Geneos monitoring software

India’s National Stock Exchange (NSE) has implemented ITRS’s real-time monitoring platform, Geneos. ITRS says the rollout is part of the NSE’s objective to “streamline” operations due to the recent regulatory reform in the Asian securities market. G. Shenoy, CTO operations at NSE, says: “ITRS Geneos gives us an early warning system so that we can […]

Trading Technologies launches new platform in Australian Liquidity Centre

The Australian Securities Exchange (ASX) says Trading Technologies International (TT) has launched its new trading platform in the Australian Liquidity Centre (ALC). David Raper, executive general manager trading services at ASX, says TT’s new platform will provide the community with an “innovative means” to access derivatives products on the Australian market. Customers of TT will […]

Japan Exchange Group goes live on Nasdaq derivatives trading system

Japan Exchange Group’s (JPX) subsidiary, Osaka Securities Exchange (OSE), has gone live on Nasdaq’s new derivatives trading system. The trading system will provide OSE with “higher performance, longer trading hours and more flexibility” for new products. In addition to the trading system, OSE has also launched Nasdaq’s real-time, cross-market surveillance (Smarts) and pre-trade risk management […]

ASX chooses Metamako for real-time monitoring

Australian Securities Exchange (ASX) has opted for Metamako’s MetaMux for real-time monitoring of its new trading platform and for timestamping and time synchronisation of its internal network traffic. Dr. Dave Snowdon, founder and CTO of Metamako, says: “This is the first time that a major exchange has publicly acknowledged its use of our products. The […]

Nxt to launch “first ever” scalable blockchain-based platform

Decentralised financial platform provider Nxt has developed Ardor, the “first ever” scalable platform using blockchain. The Netherlands-based firm says Ardor, which is available from tomorrow (14 July), is designed to function beyond financial exchanges and will be “open to everyone”, including individual users, start-ups, banks and governments. Dave Pearce, director at Nxt Foundation, says: “Ardor […]

ALTX East Africa unveils exchange platform

ALTX East Africa has launched its new exchange – offering the ability to handle 150,000 transactions per second. Joseph Kitamirike, CEO, director and co-founder of ALTX East Africa, says: “We also have the ability to settle securities transactions on a delivery versus payment (DvP) model within 15-20 seconds if the settlement bank we are working […]

ThinkForex rebrands to ThinkMarkets, launches new trading platform

ThinkForex, a financial derivatives trading provider, has rebranded to ThinkMarkets and launched ThinkTrader, its own multi-asset trading platform. The changes are part of the firm’s growth ambitions; and Nauman Anees, CEO and co-founder at ThinkMarkets, says it still has “the same mission and values but the new brand better reflects who we are, a technology […]

Deutsche Börse to provide IT infrastructure for German private bank

Deutsche Börse is to provide the IT infrastructure for German private bank Donner & Reuschel, and will assume administration and hosting for its data centres. In addition to connecting to its own trading platforms, Eurex and Xetra, network connectivity will also be extended to bank end users and additional third-party providers. “Deutsche Börse provides our […]

MoneyConf 2016: Domestic could be majestic for start-ups

Start-ups should first be focused on domestic markets over global ambitions, was one of the messages amidst the hurly-burly of Madrid-based MoneyConf 2016. More than 1,800 people were on hand for the two-day event held at the pleasant venue of La Nave. Part one of our review of the show was on wealth management, while […]

Deutsche Börse to invest in fintech start-ups via new venture capital platform

DB1 Ventures is Deutche Börse’s new dedicated corporate venture capital platform, set up as part of the group’s “Accelerate” growth strategy. The DB1 Ventures team will be primarily based in Frankfurt and will undertake new investments and also manage Deutsche Börse’s existing minority shareholdings. “DB1 Ventures will invest only in areas that are strategic to Deutsche […]

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