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Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.
Broadridge has launched a global futures and options (F&O) software-as-a-service (SaaS) platform, aimed at expanding derivatives trading capabilities. The post Broadridge launches global futures and options trading platform appeared first on The TRADE.
Adaptive has partnered with Kepler Cheuvreux’s execution division KCx to develop an event-driven trading system based on Aeron and its own Hydra technology. The new system builds on KCx’s algorithmic trading capabilities by connecting its global equities trading ecosystem via a new sequencer-based technical architecture.
JonesTrading has deployed FlexTrade Systems’ FlexOMS as the new sell-side trading platform for its equities and electronic trading businesses. The FlexOMS solution will also serve as the full-service technology platform for JonesTrading’s outsourced trading offering.
LIST, an ION company, has completed the certification process to connect its FastTrade electronic trading system to the Luxembourg Stock Exchange (LuxSE). The platfom’s normalised connectivity architecture enables integration of LuxSE that uses Euronext’s Optiq technology.
When asked to assess how to ensure future resilience in an ever-changing market, Lynn Challenger, global head of trading and order generation at UBS asset management, made his case for a new perspective – buying before building. The notion of architecture over functionality, he explained, is linked to the future-proofing.
Read more: Fireside Friday with… Groupama Asset Management’s Eric Heleine Groupama AM will interface its existing technology architecture with Amundi Technology’s ALTO ecosystem, which is used by Amundi Intermediation teams. The post Groupama and Amundi team up to boost trading appeared first on The TRADE.
In light of the US’ imminent shift to T+1, State Street has today unveiled an automated workflow solution, as well as offering integration with DTCC within its FX trading service, StreetFX. The post State Street unveils FX workflow solution aimed at facilitating market shift to T+1 appeared first on The TRADE.
JonesTrading has moved its firm-wide middle office operations onto LiquidityBook’s LBX Post-Trade Hub, a suite of cloud-native solutions for sell-side middle office operations. LBX Post-Trade Hub will operate as a single, standalone middle office allocation system, interfacing with a range of front office OMS platforms and clearing brokers.
UK-based asset manager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
Adaptive Financial Consulting has collaborated with regulated digital asset exchange Bullish to increase trading capacity and boost throughput as it looks to scale and meet growing business demand. The post Digital asset exchange Bullish taps Adaptive and Google Cloud to enhance trading appeared first on The TRADE.
Redburn Atlantic has made several new hires from the buy- and sell-side to bolster its newly merged business, The TRADE can reveal. Brandi Bailey has been appointed to the sales trading team based in London. Also recently appointed at Redburn Atlantic is Daniel Kroff who has been hired into the execution architecture team.
Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. Jefferies Jefferies Electronic Trading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.
State Street has expanded the capabilities of its Alpha platform to support the entire lifecycle for exchange traded funds (ETFs). The platform is designed as an open architecture structure to integrate with external ETF providers as well as State Street’s internal ETF systems.
MEMX, the member’s exchange, has launched its platform for trading listed options following approval from the US Securities and Exchange Commission in August last year. MEMX Options will leverage MEMX’s data-centric exchange architecture and infrastructure, offering traders passive and active risk management capabilities.
The reality is if you are going to bring liquidity in from the traditional markets then the new digital trading experience has to be dramatically efficient or cheaper for clients to change their infrastructure.” In traditional finance, we’ve moved to shorter and shorter settlement times. That tipping point has not yet been reached.”
Including its model architecture, feature selection approach, and methods for explaining model decisions. This includes examining their patent portfolio, trademarks, copyrights, and trade secrets and assessing their processes for managing intellectual property assets and protecting them from infringement.
BMLL said mutual users can use the combined cloud architecture of BMLL and INQDATA to conduct large-scale quantitative and market microstructure analysis, test new markets, and understand trading behaviours to optimise future strategies.
The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions. AI has the potential to transform all stages of the trade lifecycle.
The move also comes in the lead up to the industry’s shift to T+1, wherein efficient post-trade processes are essential in order to align with tighter settlement windows. With CTM’s automated central matching and open architecture, firms across the industry can facilitate accelerated settlement.
Imandra has today launched the firm’s first artificial intelligence (AI) assistant for its FIX Connectivity suite used by banks and trading firms. The post Imandra launches new AI assistant for FIX Connectivity suite appeared first on The TRADE.
The development will be the first time that IEX’s proprietary solutions for risk management and markout optimisation will be available for US options trading, building on top of its equities offering. The post IEX Group to launch its first options exchange appeared first on The TRADE.
Users of LBX will also be able to receive ETF creations and redemptions in real time, allowing their portfolios to be managed within the OEMS for portfolio and trade management. “By The post ICE integrates ETF Hub with LiquidityBook’s OEMS to bolster primary market and portfolio management workflows appeared first on The TRADE.
How can Europe’s fragmented post-trade environment be tackled by regulators? However, for such centralisation to be beneficial, it must effectively eliminate the duplications and redundancies inherent in the current supervisory architecture. What is the main roadblock for consolidation of the post-trade landscape?
Jonathan Cross, general manager of EMEA at LiquidityBook, said: “Our clients range from start-up hedge funds and large, established asset managers to broker-dealers, outsourced trading desks and software vendors. The Messer financing engine fit smoothly into LBX’s services-based architecture, enabling a seamless integration.
The client is willing to provide training for technologies such as forensics authentication, Python, Shell, Ansible, Jenkins, Azure architecture, threat intelligence and more. This hybrid role offers a performance bonus (up to 20 per cent), pension scheme (10per cent and private healthcare. For more information or to apply, click here. #3
UK-based investment bank Peel Hunt appointed former head of electronic and program trading and sales at Numis Securities, Nishad Vallonthaiel, to head up its own electronic trading division. Also appointed to the electronic trading team at Peel Hunt alongside Vallonthaiel is Vinesh Chhaya, who joins the unit as a senior sales trader.
Citi appointed Flavio Figueiredo as global head of foreign exchange, according to an internal memo seen by The TRADE. The Canadian Imperial Bank of Commerce (CIBC) made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter. Lockley and CIBC both declined to comment.
Traditional boundaries are blurring as tools such as artificial intelligence, blockchain, and data analytics are disintermediating conventional trading workflows and enabling more efficient engagements. Relationships between the buy- and sell-side are evolving, with roles and responsibilities changing to accommodate new workflow behaviours.
The guidelines currently exclude secondary trading activities. Designed to be asset class and technology-neutral, the DASCP does not advocate for any particular DLT architecture – be it public, private, permissioned, or public permissioned.
The requirements we considered included netting, trading protocols (RFQs, ESPs, algos, high-touch), LP availability, automated trading, and FX product availability, among many others. The extensive effort paid off, with the platform now handling over 80% of our ticket volume while hosting our automated trading system.
The Bretton Woods Agreement is an international trade agreement under which: Gold became the basis for the U.S. This ensured stable exchange rates, which in turn facilitated international trade. A similar stability is sought today, especially when trade wars loom, like the US-China trade tensions seen in recent years.
As the buyer, it is critical to ensure the new top team agree on the operating model, cultural priorities, and integration architecture. Adopting a people-first approach is vital for both the acquirer and the seller to achieve cultural cohesion for new and acquired team members.
We must continue to streamline workflows, continue to take the friction out of the workflows and continue to automate lower value trades so that traders can focus on the high value.”
Ryan brings more than 25 years of global experience in data strategy, product development, business intelligence, data governance and data architecture. He has held senior data and analytics roles at Citi, EY and most recently at BNP Paribas Securities Services.
Strategic Buyers These types of buyers run the gamut; they can be publicly traded or privately owned software companies. Assess your technical architecture, code, and other products for any problems and resolve them as needed. First, let’s look at each type of buyer and how they evaluate an M&A opportunity.
Strategic Buyers These types of buyers run the gamut; they can be publicly traded or privately owned software companies. Assess your technical architecture, code, and other products for any problems and resolve them as needed. First, let’s look at each type of buyer and how they evaluate an M&A opportunity.
Adding new trading venues or banks is quicker and more efficient compared to traditional methods. For now, technology can be leveraged mainly in the pre- and post-trade procedures to execute the same processes for all FX instruments. This involves addressing several risk management, security and architectural challenges.
If we look ahead to capital markets over the next two decades, the future of trading infrastructure will be built on a fabric of interconnected markets with a common data architecture, seamless connectivity throughout the ecosystem of exchanges and participants, minimal latency, and advanced AI-powered tooling.
Vikas Srivastava, chief revenue officer, Integral The race to redefine FX trading is on. According to the recent Coalition Greenwich report, multi-dealer platforms (MDPs) are poised to overtake single-dealer platforms (SDPs) in spot FX trading in 2025 – a stark reversal of recent years where SDPs dominated.
Hong Kong Exchanges and Clearing (HKEX) is launching a multi-year enhancement programme to upgrade its post-trade services for the cash equities market, with the aim of being technically ready to support a T+1 settlement cycle by the end of 2025. These features aim to improve the efficiency, reliability, and automation of post-trade services.
Liontrusts chief commercial officer and former head of trading, Matt McLoughlin, left the UK-based asset manager after 10 years, The TRADE revealed. His departure followed news broken by The TRADE in January that Liontrust was exploring outsourcing its trading to BNY.
Liontrusts chief commercial officer and former head of trading, Matt McLoughlin, has left the UK-based asset manager after 10 years, The TRADE can reveal. McLoughlin declined to comment when approached by The TRADE. McLoughlin was recognised as one of The TRADEs Rising Stars of Trading and Execution in 2016.
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