Bats Europe to Reveal Real-Time Benchmark Indices
- 7 years 11 months ago
- Trading Systems, Foreign Exchange
Bats Europe, the region’s largest stock exchange operator, today announced the launch of a UK-focused benchmark index series. Bats will launch 18 different indices covering large to small cap securities and 12 industry sectors. The indices were developed in consultation with investors and index users, to offer a robust and trustworthy alternative to incumbent providers. Key features include:
FIX Trading Community Reveals FIX Protocol for MiFID II Transaction and Trade Reporting
- 7 years 11 months ago
- Trading Systems
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the development of the FIX Protocol for use for transmitting MiFID II Transaction Reports to Approved Reporting Mechanisms (ARMs).
NetOTC Releases Full End-to-End Market Infrastructure for Non-Cleared OTC Derivatives
- 7 years 11 months ago
- Derivatives and OTC Derivatives
NetOTC, the risk solutions firm that has been designing and building a full end-to-end market infrastructure for non-cleared OTC derivatives in close collaboration with regulatory and industry bodies, banks and their end customers, today announced that it had taken the decision to put its initiative on hold.
BofA Merrill Lynch launches Instinct® Loans
- 7 years 11 months ago
- Trading Systems, Transaction Banking, Cash management
Bank of America Merrill Lynch today announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients, strives to simplify and enhance the market by combining innovative technology with market-leading sales and trading professionals.
IPC Unveils Fixed Income Marketplace
- 7 years 11 months ago
- Trading Systems
IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it has launched Fixed Income Marketplace, a premier holistic connectivity solution for market participants to trade fixed income instruments electronically or via voice.
Torstone's Myanmar-Based Broker Leverages Inferno
- 7 years 11 months ago
- Trading Systems, Derivatives and OTC Derivatives
Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces that a Myanmar-based broker has begun using Inferno, Torstone’s post-trade securities and derivatives processing system. Inferno will process the broker’s post-trade flow of its equities execution business. Inferno covers the whole trade life-cycle from trade capture through to settlement, accounting and reconciliation.
Convergex Strengthens Darkest Algorithm By Adding Greater Flexibility
- 7 years 11 months ago
- Trading Systems
Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has enhanced the configuration options in Darkest, its liquidity-seeking algorithm, to provide greater flexibility, block-trading functionality and enhanced anti-gaming tools when trading in European dark pools. Convergex's Darkest algorithm is designed to dynamically source non-displayed liquidity from Regulated Markets, MTFs and... more
Risk Focus to Support for CME Group’s European Trade Repository on Validate.Trade
- 7 years 11 months ago
- Trading Systems
Risk Focus Inc., is pleased to announce it will now include support for CME Group’s European Trade Repository (ETR) European Market Infrastructure Regulation (EMIR) reporting validations on Validate.Trade, offering the industry’s first independent multi-repository validations.
Bracken Selects Rival Systems for Market-Making Business
- 7 years 11 months ago
- Trading Systems
Chicago-based Rival Systems (Rival), a trading software company established last year, today announced that Bracken, LLC has selected Rival as the platform for its equity options market-making business on the Chicago Board Options Exchange (CBOE). Bracken is leveraging Rival Trader’s Electronic Eye and Auto-Quoting capabilities and building the group’s proprietary algorithmic strategies using Rival API. Rival’s speed, customization,... more
SmartStream's Corona Complies with the SWIFT Certified Application - Electronic Trade Confirmation Criteria
- 7 years 11 months ago
- Security and Compliance, Trading Systems
SmartStream, the financial Transaction Lifecycle Management (TLM®) specialist, today announced that its product Corona, the first solution ever to comply with the SWIFT Certified Application - Electronic Trade Confirmation (ETC) criteria, has again been awarded with the label.
TradingScreen Partners with Quantitative Brokers for Best Execution Algos
- 7 years 11 months ago
- Trading Systems
TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and Quantitative Brokers (“QB”), a leading provider of clearer and dealer-neutral agency algorithms for fixed income and futures markets, have partnered to provide QB’s best execution algorithms through the TradingScreen electronic trading platform. This suite includes the Bolt and Strobe algorithms for outright and listed spread... more
Fidessa Provides Cross-Asset Execution services to AAC
- 7 years 11 months ago
- Trading Systems, FX Contracts
Fidessa group announced that it has signed a contract to provide cross-asset execution services to ABN AMRO Clearing (AAC). This allows AAC to offer its clients low-latency access to more than 110 futures, options, equities and FX markets worldwide via a globally consistent interface, delivered out of 11 key locations around the world.
FICO and NBKI Investigate Russians' Credit Performance
- 7 years 11 months ago
- Trading Systems, Payments
Following a seven-year rollercoaster rise and fall, the credit performance of Russian consumers has held steady since last summer, according to data from analytic software company FICO and National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau. The FICO® Credit Health Index, which started a sharp decline in January 2012, has remained at just under 90 for months. While tracking only began in 2008, FICO and NBKI believe the... more
Numerix Reveals Solution for Basel III Capital Calculations
- 7 years 11 months ago
- Security and Compliance, Trading Systems
Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management today announces the availability of its solution to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital ahead of the January 2017 implementation deadline.
Markit Enhances KY3P® with BitSight Security Ratings
- 7 years 11 months ago
- Trading Systems, Infrastructure
Markit, a leading global provider of financial information services today announced a partnership with BitSight Technologies, the standard in Security Ratings, to enhance its Know Your Third Party (KY3P) platform. The integration of BitSight data will enable organisations such as banks and buyside firms to access daily security ratings, review industry benchmarks and take action to remediate security vulnerabilities.
