Solutions
SteelEye, a compliance technology and data analytics firm, has launched a new ‘MiFID II Eligibility as a Service’ tool.
MiFID II brings many challenges to buy and sell-side firms, including the requirement to report trades to the regulator on a t+1 basis. Determining which trades are eligible for reporting is no easy task due to the complex reporting rules and various exceptions under the European directive. For firms, this has become an ongoing challenge, requiring significant time investment and vast amounts of external market data.
SteelEye’s ‘MiFID II Eligibility as a Service’ tool tackles this challenge by helping firms
Derivatives trading firm The Chicago Trading Company (CTC) has named Daniel Feuser as its next CEO.
Feuser, who has been with CTC in a variety of roles in 20 years with the company, most recently, served as Chief Strategy Officer, where he led the firm’s efforts to evolve its core business and expand into new businesses.
Previously, Dan served as Chief Operating Officer where he oversaw the Trading, Quant, Technology, and Operations functions of CTC.
“I am profoundly grateful for the opportunity I’ve had these past 20 years to work with such an incredible team of collaborative, caring, and talented people.
Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, is collaborating with BMLL Technologies to provide twelve daily T+1 market quality metrics to enable more transparency and information across the trading landscape in Europe.
This initiative with BMLL will allow market participants access to metrics that will help improve their execution and implementation processes and ultimately improve results for the end investor.
The objective of this collaboration is to improve the overall quality of market transparency, focusing particularly on buy-side participants. This initiative will also provide regulators and policymakers with key information on trading
IHS Markit, a specialist in critical information, analytics and solutions, has launch of new Event Management tools within its investor relations workflow solution BD Corporate suite.
The functionality, in pilot testing with customers for several weeks, helps investor relations teams operate efficiently in organising events and other interactions with the capital markets community. Event Management builds on BD Corporate’s industry-leading database of institutional investors, analytics, CRM and reporting tools, as well as IHS Markit’s sophisticated IR advisory services which include investor targeting, market intelligence, situational analytics and perception studies.
“Integrating events management into BD Corporate benefits the full ecosystem
Pico, an infrastructure, connectivity, cloud technology, data and analytics services provider to the financial services industry, has launched its global connectivity ring, expanding the PicoNet backbone to the major financial data centres in North America, Europe and Asia.
PicoNet is Pico’s private, proprietary network provides low-latency connectivity to hundreds of liquidity sources, information providers and counterparties.
“Our state-of-the-art global ring is the first of its kind to combine carrier-grade connectivity with the cost-effective scale and resiliency our clients require,” says Roland Hamann (pictured), Managing Director at Pico. “Now, every client has direct access to global markets including our high-quality market
Trading technology specialist Neueda has made its Front Office SDK open source and freely available for use. Front Office aims to helps help investment institutions and trading firms connect to all of the European equity markets.
A dedicated slack community has also been created to allow those within the industry to communicate and exchange ideas with Neueda’s Front Office SDK creators.
Colin Pattison, MD Capital Markets at Neueda, explains: “Front Office SDK is a suite of modules and connectors that can be used to connect applications to the European equity markets, and facilitate the development of electronic trading applications. It
Eventus Systems, a global trade surveillance and market risk platform provider, is to provide its futures market surveillance technology to INTL FCStone.
INTL FCStone recently announced several expansion initiatives and deployed the cloud implementation of the Validus platform, replacing its current outsourced system and bringing new capabilities and cost efficiencies to its business.
Eventus now provides trade surveillance and financial risk management to more than 20 per cent of registered US futures commission merchants (FCMs). Also deploying the Validus platform are a growing list of exchanges and firms participating in a wide range of global asset classes, including equities, options,
An overwhelming majority (94 per cent) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53 per cent) and the Internet of Things (24 per cent).
Intertrust, a provider of administrative services to clients operating and investing in the international business environment, surveyed UK-based executives covering the asset management, capital markets and private wealth sectors to identify the value-add delivered by new technologies now and in the future.
Some 83 per cent of respondents believe that operations roles are the most
Eagle Alpha has launched a new partnership with Lowenstein Sandler to meet the legal and compliance challenges associated with the on-boarding and use of alternative data in the hedge fund space.
“Reputation is paramount to our clients. Keeping abreast of the legal and compliance considerations regarding alternative data is becoming increasingly important, but also challenging,” says Emmett Kilduff (pictured), Founder & CEO of Eagle Alpha. “Eagle Alpha is pleased to announce today that we have partnered with a leading legal investment management practice to respond to these legal and compliance challenges,”
Eagle Alpha’s Data Strategy solution includes Category Workshops, Case
Liquidnet Europe Limited, has extended its use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes.
big xyt is providing Liquidnet execution analysts with an interactive application to monitor market information via the Liquidity Cockpit dashboard. By using data science big xyt says its solutions capture, normalise, collate, and store trade data at a granularity that has not previously been available in the market.
Joe Fields (pictured), Execution Analyst, Global Execution & Quantitative Services at Liquidnet, says: “It is important that we are able to validate venue quality
