Deutsche Börse opens doors to ‘dark pool’ Liquidnet
German exchange Deutsche Börse is to launch a new block trading service in partnership with Liquidnet, the buy-side crossing network.
Trading Technology
LSE’s Luxembourg venture highlights regulator’s dilemma
The London Stock Exchange’s plans to establish a new central securities depository in Luxembourg reveal the way regulation can have unintended consequences – in this case a proliferation of CSDs.
European post-trade alliance targets repo market
Clearstream, Euroclear and Eurex Clearing have signed an agreement with the ICMA European Repo Council to create a joint project aimed at improving the efficiency of the repo market.
Japan Exchange brings Osaka equities to Tokyo
Japan Exchange Group has migrated the Osaka Securities Exchange cash equities market and integrated it into the Tokyo Stock Exchange, marking an important stage in the unification of the two exchanges.
Twitter shakes up market: the impact of social media on algos
On 23 April 2013, the markets suffered a brief, sharp drop as algorithms reacted to “news” from the Associated Press’s Twitter handle that President Obama had been injured in a bombing attack at the White House. In a few minutes, the Dow Jones dropped 145 points, Standard & Poor’s 500 Index lost $136 billion in […]
BNP Paribas goes with Swift for T2S link
BNP Paribas Securities Services is to use Swift’s value added network service to connect to T2S, the single European settlement platform due to roll out in 2015-16.
Bahrain Bourse to install Nasdaq OMX trading engine
The Bahrain Bourse is to replace its trading platform with a new one provided by Nasdaq OMX, as the Bourse aims to become a trading hub in the Persian Gulf region.
New Turkish exchange embraces Nasdaq OMX technology
Turkey’s newly-merged Borsa Istanbul has formed a deal with Nasdaq OMX, under which the new Turkish market will take up Nasdaq trading, clearing, market surveillance and risk technology.
NYSE Euronext opens SME market in Netherlands
NYSE Euronext has launched EnterNext, a market for small- and medium-sized companies, in the Netherlands for the first time – a move the exchange says will help local SMEs to get the financing they need.
Iraq Stock Exchange prepares new trading system
The Iraq Stock Exchange is to upgrade its trading technology using Nasdaq OMX, in a project that highlights the progress made by the country’s stock market since the American-led invasion in 2003.
Deutsche Börse launches first public vendor-neutral cloud marketplace
German exchange group Deutsche Börse has announced what it claims to be the world’s first vendor-neutral marketplace for cloud services.
Misys shows its post-merger mettle
For the first three months of 2012, Misys was the subject of a protracted bidding war. Misys is clearly not the company it was a year ago:the firm has endured some painful change, but it has at least been quick. It has also produced what promise to be tangible benefits for users …
Object Trading clients go live on new London derivatives market
Direct market access provider Object Trading has connected its clients to Nasdaq OMX NLX, the newly launched London derivatives market, and they have begun live trading.
SEC hopes for Midas touch from HFT surveillance system
the US Securities and Exchange Commission says that its cloud-based approach is paying dividends and allowing it to examine the structures of the markets it supervises at a greater level of granularity than ever before.
Keeping it simple: market data management made easy …
New York start-up Simplified Financial Information is piloting a market data analytics system prior to release later this summer.
Norwegian oil firm looks to leverage case-based analytics system for financial services
Case-based reasoning tools developed for the oil industry are being re-engineered for financial markets by a new division of the Swedish firm Verdande Technology with the intention of creating a systems monitoring tool for trading firms.
Next level: the changing securities markets
The securities markets are changing rapidly in the face of regulation and technology shifts, and none more so than the fixed income markets.
UK Payments Council plans shared payments infrastructure
The UK Payments Council has published a ‘payments roadmap’, which sets out the steps that could help to build up a shared payments infrastructure in the UK.
MTS unveils European swaps trading platform
Fixed income trading venue MTS is to launch a new platform called MTS Swaps designed for buy-side firms that want to have more control over how they trade interest rate swaps.
Tradition reveals Volatis volatility trading service
Interdealer broker Tradition has released a new hybrid trading service for volatility futures, Volatis, which aims to improve transparency, liquidity and participation in volatility futures.
Nasdaq OMX NLX reinforces pricing proposition
New London derivatives market Nasdaq OMX NLX has partnered with technology specialist SuperDerivatives in a bid to ensure its pricing is as sound as possible, ahead of its looming battle to take business from its European derivatives rivals.
TriOptima tool targets OTC derivatives reporting business
As new rules governing the central reporting of OTC derivatives take effect across the G20 nations, TriOptima, a subsidiary of broker ICAP, has said it will verify and reconcile OTC derivatives data from US post-trade utility the DTCC’s trade repository – making it the first provider to do so.
Nasdaq OMX to monitor US platform performance with CorvilNet
Nasdaq OMX plans to implement operational performance monitoring across its US trading platforms using software from Corvil. The CorvilNet performance monitoring system will provide the exchange group with the ability to simultaneously analyse activity at the network, application and trading layers. The information that is captured will allow it to alert for anomalies in real […]
BlackRock and Euroclear Bank set out to grow European ETF market
Asset management firm BlackRock and Euroclear Bank aim to unlock the potential of the European exchange-traded fund market by making settlement for ETFs cheaper and more efficient.
Brokers must outsource technology to survive says report
Brokers need to cut back costs radically, reducing staff numbers and even casting aside parts of their equity business that were once considered core, according to new research by analyst firm Celent.
NYSE Liffe puts London derivatives ambitions on ICE
ICE Clear Europe is to begin clearing for NYSE Liffe’s London derivatives market on 1 July, marking the end of NYSE’s migration from LCH Clearnet, and the beginning of ICE’s integration with NYSE Euronext, which it purchased in December for $8.2 billion.
Nasdaq Dubai prepares Islamic finance products
Nasdaq Dubai is planning to open an Islamic finance exchange for trading Islamic sukuk bonds as well as conventional bonds.
New London derivatives exchange set to open this week
Nasdaq OMX NLX , the new London market offering a range of both short-term interest rate and long-term interest rate euro- and sterling-denominated listed derivative products will launch this Friday following regulatory approval.
Interbolsa Portugal opts for Swift T2S connection
Portugal’s central securities depository Interbolsa is to use Swift’s value added network to connect to T2S, the single European settlement platform due to roll out in 2015-16.
CLSA is first Asian broker to adopt Swift’s Global ETC service
Hong Kong-based CLSA has gone live on Swift’s Global Electronic Trade Confirmation solution for the automation of allocation and confirmation processes, becoming the first Asian broker to adopt the service.
Thomson Reuters launches Elektron services in China and Australia
Thomson Reuters has rolled out its Elektron managed data services in China and Australia. The service will be deployed in co-location with the Australian Securities Exchange in Sydney as well as through a data centre in Shanghai.
Putting the back office in the spotlight: the widespread impact of T2S
Europe’s post-trade infrastructure is undergoing significant change, driven by the implementation of the single settlement platform Target2-Securities and the forthcoming CSD Regulation. As a result, market participants need to review their current back office system capabilities.
Cinnober seeks students for trainee programme at new Swedish fintech centre
Trading and risk technology specialist Cinnober is investing in a financial IT cluster in northern Sweden, centred on the university town of Umeå and initiating a a one-year trainee programme stating in the autumn.
LSE hires SunGard man as MillenniumIT chief exec
Millennium Information Technologies, the IT subsidiary of the London Stock Exchange has appointed John Mackay “Mack” Gill, as its new chief executive office, taking over from company founder Tony Weeresinghe, who will become non-executive chairman with a global business development role.
Saxo Bank launches TV service for social investment community
Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo TV, fronted by former Bloomberg TV News anchor Owen Thomas, to provide on-demand business and financial analysis.
Is a waiting game a smart approach for post-trade service efficiency?
It’s often been said that the financial services industry is evolutionary rather than revolutionary, and in some instances this may have proved to be a safe bet. The industry is littered with systems that have grown out of cottage industry and ‘fitting square pegs into round hole, writes Paul Taylor, director global matching, Swift. However, we […]
Italy’s SIA set to connect to New York as recovery plan bears fruit
Milan-based financial technology firm SIA is expanding its reach to New York later this year in a move that caps the latest-phase of a three-year recovery plan for the firm. The extension of SIA’s Financial Ring to New York follows that activation of a hub in Frankfurt is the third cornerstone, after Milan and London, […]
DTCC and Euroclear target collateral shortfall
US post-trade services company the DTCC and Belgian settlement specialist Euroclear are planning to create a joint service that aims to provide better, safer collateral management for market participants.
MTS plans move on US fixed income markets
MTS, the European electronic fixed income marketplace majority owned by the London Stock Exchange, plans to open a platform for US institutional investors, allowing them direct access for the first time.
BM&F Bovespa links up to BT Radianz Cloud
Brazilian exchange BM&F Bovespa has joined the BT Radianz Cloud, a financial community that connects 500 member locations in Latin America with BT’s global network.
