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 […]
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 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.
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 is planning to open an Islamic finance exchange for trading Islamic sukuk bonds as well as conventional bonds.
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.
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.
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 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.
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.
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.
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, 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.
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 […]
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, […]
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, 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.
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.
The cost to fully upgrade the financial industry’s infrastructure to make efficient use of collateral will reach $53 billion, according to new research by Celent – but too much standardisation could do more harm than good, warns SIX Securities Services.
Hong Kong Mercantile Exchange has joined the BT Radianz Cloud, a network that the exchange hopes will help better connect it to investors from the outside world.
The Australian Securities Exchange has set out plans to offer client clearing of OTC derivatives before the end of the year, in a move designed to provide new risk management controls to Australian investors.
Buy-side block trading venue Liquidnet has opened in Thailand, providing long-term institutional investors with another platform for trading the ASEAN market.
Standard Chartered has enlisted Clearstream and Euroclear to make more efficient use of collateral, as tough new financial regulations drive investor fears of an impending collateral shortfall.
Russian broker Otkritie has gone live with the first phase of a new project to bolster its London and Moscow front and back office operations, including collateral management, replacing in-house systems with Calypso platforms.
Despite its negative public perception, high-frequency trading can act as a force for good in capital markets by adding efficiencies that help investors get a better deal – but only if it is properly regulated, according to new research by technology consultancy GreySpark Partners.
The absence of market surveillance tools in many jurisdictions and regions is “potentially one of the more significant problems facing the markets in light of technological developments, such as the rapid speed of trade execution and increase in order volume”, says the International Organization Of Securities Commissions in its final report on surveillance.
Poland’s Warsaw Stock Exchange has been added to TMX Atrium’s trading infrastructure, one week after the exchange switched to its new UTP trading system built by NYSE Technologies.
US post-trade services utility the DTCC has appointed Peter Tierney as regional head of Asia, as the company continues its drive to be a global centre for OTC derivatives reporting.
Brazilian exchange BM&F Bovespa has installed a new market surveillance system from Nasdaq OMX, which it says will help ensure the safety of all market participants on the Brazilian market.
Prospects for Turkey’s capital markets gave delegates cause for optimism as the TradeTech conference and exhibition in London wound to a close on Thursday. “Turkey is moving from an emerging to a developed market,” said Alexis Chryssochoides, head of prop trading and product development at Eurobank Equities. “The country has already been upgraded by several […]
Market operators have a duty to educate the public about stock markets – and to take widespread concerns about the role of high-frequency traders seriously, according to Christian Katz, chief executive at SIX Swiss Exchange.
In contrast to the highly automated world of equities, bond trading is an area of the markets that is still heavily reliant on the telephone as a a trading tool, with person-to-person calls making up the bulk of activity on bond desks.
New trading systems in Brazil and Mexico are prompting high hopes that Latin America’s two largest markets will attract more international investors and grow their liquidity base, according to panellists at the TradeTech conference in London.
Discontent with regulation cast a cloud over delegates on the first day of the TradeTech conference in London, as senior industry executives pondered on the politicisation of the debate and the perceived failure of regulators to deliver efficient markets.
The next generation of trading venues went head-to-head on the first day at TradeTech in London– each keen to present its model of how best to match buyers with sellers.
While HFT may pose a real threat to market stability, the European Commission’s response has been woefully inadequate and shows a lack of understanding of the core issues, says professor Dave Cliff of the University of Bristol and former member of the UK government’s Foresight Project.
A session at Trade Tech in London fell into chaos earlier today, as furious delegates hurled accusations across the table and members of the audience sparred aggressively with panellists.
Trading technology company Fidessa has partnered with Asian brokers CIMB, DBS Vickers, Maybank Kim Eng, OCBC Securities, Philip Securities and UOB Kay Hian as part of a plan to create a one-stop trading service for all ASEAN markets.
Germany’s Eurex derivatives exchange has posted a series of videos, in which it explores the role of HFT in providing liquidity to its order book.
As tough new rules requiring the collateralisation of OTC derivatives take hold in Europe and the US, Citi has retooled its OpenInvestor investment services to include segregated collateral custody accounts – a move the bank says will help mitigate counterparty risk and improve collateral efficiency.
