Editor’s pick
Unpacking the FCA Wholesale Data Market Study: Insights from Industry Insiders
Market participants were left scratching their heads in response to the UK Financial Conduct Authority’s (FCA) decision not to act to address the high cost of data following the February 29 release of its Wholesale Data Market Study. The study was the end result of a process launched in March last year amid concerns that...
Top Blogs
New FIA EPTA Study Reveals Unreported Liquidity in EU and UK Equity Markets
A recent study by the FIA European Principal Traders Association (FIA EPTA), ‘Mind the Transparency Gap,’ has highlighted a significant underreporting of equity trading volumes in both the EU and UK markets, which has led to misconceptions about the actual market liquidity available in these regions. According to the report, a large volume of equity...
Why Automation is Going to Dominate in the Race to T+1
By Vikas Srivastava, Chief Revenue Officer, Integral. Tick-tock tick-tock, the clock is ticking down to one of the most pivotal moments in financial markets this decade. This coming May will mark the transition to T+1 settlement for equities and bonds transactions in North America. To add to the complexities, CLS confirmed last week it will...
QuantHouse Enhances Data Offering with BMLL Historical Order Book Data
QuantHouse, the API Data and Trading Solutions business of Iress, has entered into a new global partnership with BMLL, the independent provider of harmonised Level 3, 2 and 1 historical data and analytics for the equity and futures markets. This collaboration aims to merge QuantHouse’s real-time data services with BMLL’s comprehensive historical order book data,...
Latest briefs
ZERO13 Collaborates with Industry Leaders to Launch First Digital Carbon Credit Platform for Renewable Energy
ZERO13, the GMEX Group company operating a carbon exchange, registry and aggregation hub ecosystem, has partnered with Decarb.earth, CarbonCX, and XTCC to introduce a digital platform for end-to-end digitally measured, reported and verified carbon credit distribution, trading, and settlement for renewable energy projects ZERO13 is a cloud-native, infrastructure-agnostic, decentralised platform that streamlines workflows across various…
Pico Launches Corvil Analytics 10.0, Enhancing Financial Trading with AI and Machine Learning
Pico has released Corvil Analytics 10.0, a significant upgrade that incorporates advanced machine learning (ML) and artificial intelligence (AI) to improve financial trading infrastructure. The software now features proactive notifications and natural language event descriptions, enabling users to identify and understand performance-impacting and unusual events critical for trading outcomes. The latest version leverages proprietary ML…
Trading Technologies Launches TT Splicer for Enhanced Multi-Leg Spread Trading
Trading Technologies (TT) has unveiled TT Splicer, an addition to its suite of TT Premium Order Types, designed to facilitate synthetic multi-leg spread trading. The tool allows users to create and manage synthetic multi-leg instruments across any exchange, even those where such products are not listed. Through the integration with TT’s proprietary algorithms, TT Splicer…
Liquidnet Launches SuperBlock Matching to Enhance Equities Trading
Liquidnet, the tech-driven agency execution specialist, today launched SuperBlock Matching as part of its new equities SuperBlock initiative. The functionality allows traders to easily signal and participate in large or illiquid block trades through a simple, one-click interface. Tailored to various market sizes and stock market capitalisations, SuperBlock Matching focuses on facilitating the most complex…
Imandra Launces AI-Powered FIX Wizard
Imandra, the automated reasoning technology company, has launched FIX Wizard, an AI assistant for uts FIX Connectivity suite aimed at banks and trading entities. Based on Imandra’s neuro-symbolic architecture, FIX Wizard automates the analysis of financial protocols and APIs, to streamline client onboarding in capital markets. The new tool integrates statistical AI with Imandra’s proprietary…
Appital Launches ‘Trending Equities’ to Enhance Liquidity Sourcing for Asset Managers
Appital, the price discovery and liquidity sourcing technology vendor, has introduced a new feature within its Appital Insights platform aimed at revolutionising liquidity sourcing in the asset management sector. ‘Appital Trending Equities’ enables deal originators on the buyside to proactively create and expose potential liquidity opportunities in relevant equities before officially launching a deal. This…
Athena Integrates BTON Financial’s AI Trader Co-Pilot
Athena, part of United Fintech, and BTON Financial have announced a strategic integration, incorporating BTON’s AI-powered Trader Co-Pilot into Athena’s Order Management System/Portfolio Management System (OMS/PMS). The integration aims to transform trading decision-making across various financial sectors, including institutional asset managers, hedge funds, banks, and family offices. The development facilitates a more streamlined and efficient…
Sumitomo Mitsui Trust Asset Management Adopts DTCC’s ITP Services to Support U.S. T+1 Settlement Transition
DTCC has announced that Sumitomo Mitsui Trust Asset Management is utilising its Institutional Trade Processing (ITP) services to enhance trade processing efficiency ahead of the U.S. financial market’s transition to a T+1 settlement cycle on May 28, 2024. The suite includes DTCC’s CTM for central matching, M2i workflow, TradeSuite ID, ALERT, and Settlement Instruction Manager,…
McKay Brothers International Launches Ultra-Low Latency Bandwidth Service Between London and Stockholm
McKay Brothers International (MBI), the low-latency networking specialist, has unveiled a new bandwidth service providing the lowest latency connection between London’s LD4 data centre and Stockholm’s Stack STO01 data centre. The hybrid wireless-fibre route claims to achieve data transmission speeds that are hundreds of microseconds quicker than existing services, enhancing connectivity for major trading platforms…
Adaptive Financial Consulting Partners with KCx to Launch New Event-Driven Trading System
Adaptive Financial Consulting (Adaptive) has entered into a strategic partnership with Kepler Cheuvreux’s execution division, KCx, to develop an advanced event-driven trading system utilising Adaptive’s Hydra technology and Aeron, its cloud-native messaging infrastructure for capital markets. The new system aims to enhance KCx’s equities execution platform by integrating a sequencer-based architecture that improves algorithmic trading…
R3 and Quant Selected to Develop Prototype for UK’s Regulated Liability Network
R3 and Quant have been chosen to create the technology prototype for the UK’s Regulated Liability Network (RLN) experimentation phase, an initiative led by UK Finance and supported by EY. This project aims to establish a unified platform facilitating various financial transactions using tokenised and traditional commercial bank deposits. The RLN will serve as a…
Central Asian Stock Exchange Implements QUIK Software from ARQA Technologies
The Central Asian Stock Exchange (CASE) in collaboration with ARQA Technologies, has successfully implemented QUIK software, significantly upgrading its trading platform in Tajikistan. ARQA Technologies was chosen through a competitive tender to replace the existing platform. The new system now serves as the matching backbone for CASE, handling client instructions, market data distribution, and pre-trade…
DSB Announces 2024 Consultation Schedule for OTC Derivatives Reference Data Services
The Derivatives Service Bureau (DSB) has outlined its 2024 consultation plan focusing on the OTC International Securities Identification Number (ISIN), Unique Product Identifier (UPI), and Classification Financial Instrument (CFI) services. The consultation paper will be released on 30 April 2024, allowing for feedback until 31 May 2024, and concluding with a Final Report on 16…
Cboe Clear Europe Announces Major Support for Launch of Securities Financing Transactions Clearing Service
Cboe Clear Europe, the Amsterdam-based pan-European clearing house, has announced that Bank of America and State Street are among the latest to support its forthcoming Central Counterparty (CCP) clearing service for securities financing transactions (SFTs), with the service expected to launch in Q3 2024, pending regulatory approval. This new commitment expands the initial group to…
Bloomberg Secures Contracts to Provide Electronic Trading Platforms to ECB and Other Eurosystem Central Banks
Bloomberg has been awarded three significant framework agreements with the European Central Bank (ECB) and other National Central Banks within the Eurosystem for the supply of Electronic Trading Platforms (ETPs) for trading in government bonds denominated in Euro, USD and JPY, alongside USD and JPY Interest Rate Swaps, and futures contracts. Bloomberg’s Netherlands-based Multilateral Trading…
Latest people
Zayo Group Names Colman Deegan as CEO of Zayo Europe
Zayo Group, the global provider of network infrastructure, has appointed Colman Deegan as the new CEO of Zayo Europe, effective April 16, 2024. The strategic hire aims to accelerate the company’s expansion in response to the increasing adoption of cloud services and artificial intelligence across Europe. Deegan brings a wealth of experience to the role,…
Alex Grinfeld Joins Liquidnet to Co-Head Expanding Futures Division in the Americas
Alex Grinfeld, an 11-year veteran of Morgan Stanley, has been appointed as co-head of Liquidnet’s futures business in the Americas, reflecting the firm’s strategic expansion in global listed derivatives. Grinfeld, who previously served as Executive Director at Morgan Stanley and Vice President at Goldman Sachs, will lead alongside Brian Cashin, a recent hire from Bank…
Broadridge Appoints Frank Troise as President of Trading & Connectivity Solutions
Broadridge Financial Solutions has announced Frank Troise as the new President of Broadridge Trading & Connectivity Solutions and Vice Chairman of Broadridge Capital Markets, effective April 29, 2024. Succeeding Ray Tierney, Troise will lead the division into a new phase aimed at simplifying and enhancing multi-asset and multi-workflow trading across global markets. This strategic appointment…
Rob Kirby Rejoins QuantHouse as Head of Sales and Business Development for EMEA
QuantHouse, an Iress company, has announced the appointment of Rob Kirby as its new Head of Sales and Business Development for the EMEA region. Kirby, returning to QuantHouse after roles at Thomson Reuters, Refinitiv, and the London Stock Exchange Group, brings a wealth of experience from the financial data and trading systems industry. During his…
Appital Hires Former HSBC Trader John Coules Amid Growth Surge
Appital, the technology platform for peer-to-peer price discovery and liquidity sourcing, has recruited John Coules as part of its business development team. Previously a high-touch sales trader at HSBC, Coules’ appointment comes during a period of substantial growth for Appital, highlighted by achieving $4.0bn in buyside liquidity since the introduction of Appital Insights in September…
TradingHub Bolsters Leadership Team, Appoints New CFO and Global Head of Sales Amid Strong Growth
TradingHub, the trade surveillance software provider, has appointed Stephen Bergin as Chief Financial Officer (CFO) and Shayne Ganeson as Global Head of Sales and Relationship Management. The move aims to bolster the company’s market position and sustain its impressive trajectory of growth, underscored by a 30% increase in annual recurring revenue. Bergin, who joined as…
Sharon Biran Appointed as DTCC’s New Chief Client Officer
DTCC has announced Sharon Biran as its new Managing Director and Chief Client Officer, effective from March 25. Biran, succeeding Timothy Keady, joins DTCC’s Executive Committee and will report directly to President and CEO Francis J. La Salla. Her responsibilities encompass overseeing the firm’s global client management and engagement strategy, which includes sales, relationship management,…
SIGMA Financial AI Appoints Rachel Przybylski as Chief Product Officer
AI-driven trading solutions vendor SIGMA Financial AI has announced the appointment of Rachel Przybylski as the company’s new Chief Product Officer. With a career spanning over two decades in global financial markets, Przybylski has an extensive background with leadership positions at Saxo Capital Markets, Nasdaq, and Nomura. Her expertise includes managing complex trading and regulatory…
BMLL Appoints Former HSBC Executive Niall Cameron as Non-Executive Director
Historical market data and analytics provider BMLL has announced the appointment of Niall Cameron as a Non-Executive Director to support the company’s strategic development. Cameron, who’s career spans over three decades and has included executive roles at HSBC, IHS Markit, and ABN Amro, also joins BMLL’s group of investors. The appointment of Cameron, who comes…
Bob Wigley Joins R3 as Non-Executive Director to Boost Digital Finance Strategy
R3, the enterprise distributed ledger technology (DLT) company, has appointed Bob Wigley as a Non-Executive Director to its board. Wigley brings extensive digital finance expertise to R3, having chaired UK Finance for the last six years and spearheading the UK Finance digital tokenization taskforce. He previously served as the EMEA Chairman at Merrill Lynch, where…
DiffusionData Appoints Neil Seymour as New Chief Operating Officer
DiffusionData, the real-time data streaming and messaging platform vendor, has promoted Neil Seymour to Chief Operating Officer (COO). Previously the Head of Engineering at the company, Seymour brings a wealth of experience from his past roles, including positions at Vizolution and Lexmark Enterprise Solutions. With over three decades of expertise in system development, integration, and…
Trading Technologies Strengthens Leadership Team with Three Key Appointments
Trading Technologies International, Inc. (TT) has appointed Justin Llewellyn-Jones as Chief Operating Officer (COO), Christopher Heffernan as EVP of Fixed Income, and Alun Green as EVP of Futures & Options. These strategic appointments, with Llewellyn-Jones and Heffernan operating out of New York and Green in London, underscore TT’s commitment to expanding its global footprint and…
FlexTrade Systems Appoints Michael Kovach as Head of Fixed Income Sales in Americas
FlexTrade Systems the multi-asset execution & order management systems vendor, has announced the appointment of Michael Kovach as Head of Fixed Income Sales in the Americas. Kovach, an experienced professional with a 20-year tenure in the FinTech sector, will focus on enhancing FlexTrade’s market position in Fixed Income Electronic Trading Solutions. He previously served as…
Exegy Appoints Brian Pomraning as Chief Revenue Officer
Trading and market data systems vendor Exegy has appointed industry veteran Brian Pomraning as Chief Revenue Officer. With 25 years of leadership experience in the financial services industry, including product management, technology, sales, and marketing, Pomraning has a proven track record of transforming and growing global businesses and cross-functional teams. During his career, Pomraning has…
Trumid Appoints Jason Quinn as Global Head of Sales Amid Platform Growth
Fixed income electronic trading technology company Trumid has appointed Jason Quinn as its Global Head of Sales. Quinn, a founding member of Trumid’s leadership team and its Chief Product Officer, will now oversee the company’s commercial division, merging product and sales into one strategic unit. The move is intended to further integrate technology, product, and…
Featured
FEATURED WEBINAR
Upcoming Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions
Date: 23 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications…
FEATURED EVENT
TradingTech Summit London
Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry 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.
FEATURED GUIDE
Institutional Digital Assets Handbook 2023
After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now…
Top White Papers
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...
Getting Control of Access to Key Market Services
Use of single dealer portals that allow banks to trade assets on behalf of their clients is growing rapidly, particularly among firms in the fixed income and foreign exchange markets in particular. But while trading portals offer great benefits in terms of broader market reach and enhanced client functionality, they bring risks too. Firms are...
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 2024 are 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.
