Solutions
Options, a provider of global market data and colocation services for trading firms, has extended its high performance managed colocation solution to Equinix’s Zurich (ZH4) and Milan (ML2) International Business Exchange (IBX) data centres.
Options’ clients colocated at the facilities will benefit from low latency interconnection to SIX exchange feeds at source and a proximity option to the Borsa Italiana exchange feeds.
The Options platform today offers dedicated managed colocation services at over 20 key trading hubs across Europe, North America and Asia. These latest additions are part of a phased global expansion project which has most recently seen
Capitolis, a technology provider for the capital markets, is now live with its foreign exchange credit switching service, Capitolis Switch.
Capitolis’ mission is to address capital markets constraints in the financial system. With the launch of Capitolis Switch, a key credit issue is addressed, enabling the unbundling of execution, processing, capital and risk in foreign exchange prime broking.
Large global systemically important banks currently provide best in class execution and processing, bundled with credit to clients. With Capitolis Switch the provision of credit is expanded to include a much broader universe of banks and investors. It allows the large
SteelEye, a compliance technology and data analytics firm, is pleased to announce its best execution support for MiFID II’s regulatory standards RTS27 & RTS 28.
With RTS28 due to take effect on 30 April, financial services firms are now looking to RTS27 ahead of its deadline on 30 June 2018. SteelEye has expanded its comprehensive regulatory solution to support these new requirements.
As part of their best execution obligations, RTS 28 mandates firms report their top five venues for all trading. RTS 27 requires trading venues to provide quarterly best execution reports, free of charge and available to download from
Swiss fintech specialist Avaloq has acquired a 10 per cent stake in Metaco, a Lausanne-based blockchain and crypto-currency specialist.
The acquisition, which is part of Metaco’s second round of funding, will see Francisco Fernandez (pictured), Avaloq’s founder and Group Chairman, join Metaco’s Board of Directors.
Established in 2014, Metaco helps banks and financial institutions, including national banks, capitalise on the latest blockchain technologies and systems. It has developed specialist, high-grade cryptographic solutions that can be fully integrated into a bank’s core processes. The firm, which is already offering its solutions on the Avaloq Software Exchange, is also a leading
Vela, a provider of trading and market access technology, has expanded its Direct Market Access (DMA) platform market coverage to include trading connectivity access to Eris Swap Futures which are offered by the Eris Exchange (Eris) as an alternative to traditional over-the-counter (OTC) swaps.
The addition of Eris to Vela’s fully-managed DMA platform is part of an ongoing program to provide clients with access to an ever-increasing number of global trading destinations in the Fixed Income markets. Eris is also available as a feed handler supported by Vela’s ticker plant, which provides normalised access to more than 200 venues across
Gemini Trust Company (Gemini) is to employ Nasdaq’s SMARTS Market Surveillance technology to monitor its marketplace.
The technology, which is considered the most widely deployed surveillance system in the world, will enable Gemini to monitor across all of its trading pairs, including: BTC/USD, ETH/USD and BTC/ETH. Further, SMARTS will also surveil activity across the Gemini auction process that is used to determine the settlement price for the Bitcoin XBT futures contracts that trade on Cboe’s CFE Exchange.
“Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which we believe betters our exchange and the cryptocurrency industry as a whole,”
Societe Generale Corporate & Investment Banking (SG CIB) has selected big xyt’s Liquidity Cockpit to providing a consolidated view across all European trading venue activity with on-exchange and off-exchange liquidity including over-the-counter (OTC) equities and Systematic Internaliser (SI) transactions.
Over the past 10 years the trading community has had to respond to a range of new regulations, changing market structures and trading patterns including more block trading activity, new initiatives launched by exchanges such as periodic auctions, and SIs. For the trading community it is key to understand the impact of all these changes on the liquidity landscape.
The big
Evidence collected by INDOS Financial Limited (INDOS), a UK independent depositary, has revealed that many hedge funds have chosen not to revisit their administrative and depositary arrangements since the implementation of the AIFMD (Alternative Investment Fund Managers Directive) in July 2014.
Bill Prew (pictured), INDOS CEO, says: “In so doing, some managers are missing the fact that their depositary charges are rising in line with assets under management resulting in unnecessarily high fees. In particular larger funds should demand a more tailored fee model from their depositary which reflects the work and risks involved.”
Indos believes that four factors have combined
New research from Alpha FMC, the asset and wealth management consultancy, finds that many firms (80 per cent) are prioritising their digital transformation, with 61 per cent stating that they are “getting organised”, but nearly a quarter (23 per cent) feel that their digital maturity is “frustratingly fragmented” and that they are beginning to lag behind other organisations.
Alpha FMC surveyed 15 of the largest global asset management firms, collectively managing over GBP7 trillion in AUM. Respondents included a mix of CMO’s, Digital Directors, Chief Digital Officers and Technology Leaders. Eight respondents feature in the Investment Association’s top 40 asset
TORA, a provider of cloud-based order and execution management systems (OEMS), has launched its AI-powered AlgoWheel, which is designed to help firms create scalable, systematic best execution processes.
Article 27 of the MiFID II directive raised the minimum required benchmark for best execution. Firms are mandated to demonstrate they have taken “all sufficient steps” to achieve best execution – a far stricter application than under MiFID I. TORA’s new AlgoWheel, available globally, can help buy-side firms quickly achieve this goal.
TORA’s AlgoWheel is a quantitative execution strategy optimiser that uses advanced AI technology to automate low-touch order execution or
