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The Interactive Brokers Group has become one of the first brokerage companies to commit to in-depth monitoring of securities globally, following its deployment of the SIX Sanctioned Securities Monitoring Service (SSMS).The service, deployed in two waves between April 2019 (standard sanctions regime) and July 2019 (MRB –Marijuana-Related Business- Securities), has become essential to the internationally renowned brokerage firm from a risk management perspective. With regulatory responsibilities at both the state and federal level in the US, on top of ongoing geopolitical uncertainty, the ability to manage risk on behalf of clients has never been more critical.
Interactive Brokers’ clients can
Xignite, a provider of market data distribution and management solutions for financial services and technology companies, has secured a patent for methodology that provides real-time user alerts based on defined stock market conditions. The patented technology is used in Xignite’s CloudAlerts REST API, which lets fintech developers build functionality into their web or mobile apps to automatically notify users by SMS, email or on screen of virtually any type of market condition, for any stock, such as price movements, volume triggers and historical level breakouts.
First filed in December 2016 and awarded by the United States Patent and Trademark Office
Bityard, a digital contract trading platform, has officially launched having received a strategic investment from a US hedge fund worth USD10 million.
Founders’ share classes – which offer special terms to early bird investors in hedge funds – appear to be in decline, as investors become more selective in their allocations and managers potentially opt for more bespoke offerings, a new industry study has suggested.
Insightful Technology has launched Audio Assure, a product that enables fully-automated agnostic voice infrastructure monitoring, integrity checking and line utilisation, including features for recorder availability, line quality monitoring and CDR reconciliation. Insightful says that this, together with full integrated reporting that meets both regulatory and operational requirements, has generated initial client feedback that highlights significant cost savings, while increasing resource effectiveness.
For some time, financial firms have been under increasing pressure to reduce the risk of regulatory investigation and reputational damage, as well as control costs within their voice recording environments. Currently, with the majority of quality and up-time testing having
Digital asset trading platform Bitfinex has launched a Staking Rewards Program that allows users to earn rewards by holding funds on the exchange.Bitfinex clients can earn staking rewards as high as 10 per cent per year by depositing and holding digital tokens on Bitfinex. Tokens available for staking rewards include EOS, Cosmos (ATOM) and v.systems (VSYS). The staked digital assets will be held safely, utilising Bitfinex’s secure in-house custody solution. When Bitfinex stakes a digital token, it is delegated by the exchange, meaning that the tokens remain in the platform’s control, secured in the same manner as other tokens.
“We’re
TrueFX, a purpose-built OTC market designed for the buy-side, has executed the first set of disclosed trades between counterparties on its network. The trades were executed by FXCM, AxiCorp, Velocity Trade and leading electronic market makers.
TrueFX has been designed to provide all market participants with direct access to FX liquidity through a single point of credit intermediation and technology integration. Delivered in a cloud environment, its ultra-low latency network can be easily connected to and offers uninterrupted access to market participants around the world. TrueFX operates both disclosed and non-disclosed trading and supports a wide range of execution methods, including
Apifiny has launched GlobalX, a new platform allowing institutional investors to trade every single crypto market simultaneously.Read the full story at Institutional Asset Manager…
LCH EquityClear has implemented a new LSEG Technology post trade clearing platform.Read the full story at Institutional Asset Manager…
The European Energy Exchange (EEX) has successfully completed the 100 per cent acquisition of UK based software company, KB Tech Ltd (KB Tech). Co-Founded in 2005 by David Briggs and Paul Kemp, KB Tech specialises in providing data management services and products to the trading, pension and financial markets. The Company’s propriety software delivers a range of modular, connected services providing functions for managing real-time data within and around the trading, price delivery and transactional environments.
Speaking on the acquisition, Dr Tobias Paulun, Chief Strategy Officer at EEX, says: “KB Tech and EEX Group have been working together in close partnership
