Solutions
GridGain Systems, a provider of enterprise-grade in-memory computing solutions based on Apache Ignite, has launched GridGain Professional Edition 2.4, a fully supported version of Apache Ignite 2.4.
GridGain Professional Edition 2.4 now includes a Continuous Learning Framework, which includes machine learning and a multilayer perceptron (MLP) neural network that enable companies to run machine and deep learning algorithms against their petabyte-scale operational datasets in real-time. Companies can now build and continuously update models at in-memory speeds and with massive horizontal scalability. GridGain Professional Edition 2.4 also enhances the performance of Apache® Spark by introducing an API for Apache Spark DataFrames, adding
FlexTrade has integrated Kensho Technologies pre-trade analytics solution into the FlexTRADER EMS, which provides a detailed, real-time event feed to assist a trader’s decision-making process when executing a trade.
“This integration with Kensho brings a unique level of ‘market context’ to the FlexTRADER blotter,” says Andy Mahoney (pictured), Head of Sales at FlexTrade UK. “By including Kensho data in pre-trade and real-time analysis, we ensure that traders will receive a more meaningful picture of performance.”
Kensho captures events to surface company-specific key developments, such as product launches, mergers and acquisitions or corporate announcements. These events come from reputable news outlets
Shield Financial Compliance (Shield FC) has launched a new version of its data management platform for capturing, archiving, analysing and investigating electronic communication (eComms) to meet the growing record-keeping, data governance and best execution requirements of financial firms.
MiFID II, GDPR, MAR, Dodd Frank and FINRA require financial institutions to capture, protect and archive every single interaction for a prescribed period (five-seven). In the event of an investigation, firms need to perform trade reconstruction of a complete omni-channel communication chain in a timely manner (three-five days). Meeting these requirements can be challenging due to widespread adoption of new communication technologies
The Foreign Exchange Professionals Association (FXPA) voted in a slate of new Board members at its annual meeting on 6 March, re-electing Chip Lowry, Senior Managing Director at State Street Global Markets, as Chairman, and Sean Tully, Senior Managing Director at CME Group, as Treasurer.
Members new to the Board include Lisa Shemie, Chief Legal Officer, Cboe FX and Cboe SEF; Jill Sigelbaum, head of FXall, Thomson Reuters; and Christopher Matsko, Head of FX Trading Services, Portware. Members re-elected to the Board include: Jason Vitale, COO FX & Head of Client Execution, BNY Mellon Global Markets; Jonathon O’Donnell, Investment Manager, CalPERS; Tahreem Kampton, Senior
The repo, securities lending and borrowing, and prime brokerage divisions of Citi, Morgan Stanley, RBC, UBS and Vanguard have joined the design partner group for IHS Markit’s Securities Finance Transaction Regulation (SFTR) reporting solution with Pirum Systems.
These firms bring the SFTR design partner group to 32 clients and partners in total, representing industry leaders in repo markets, buy/sell backs, sell/buy backs, securities lending and borrowing, and margin lending.
“With MiFID II in effect, the securities finance industry is preparing for future obligations under SFTR, which for the first time imposes trade reporting requirements on repos and other transactions,”
FinComEco Limited and African commodity trader Block Commodities Limited (BLCC) have entered into a strategic partnership with Wala, a blockchain-powered financial services platform, and Dala, a cryptocurrency token issuer, to develop scalable, blockchain-enabled financial platforms for developing markets.
The agreement complements the BLCC’s Joint Venture with FinComEco, a subsidiary of GMEX Group Limited, announced last November, whereby Block Commodities, FinComEco, Wala and Dala, will be working together to develop and operate a web-enabled platform using the blockchain ledger for its agricultural commodity trading initiative in sub-Saharan Africa. In particular, this collaboration agreement establishes a relationship whereby Wala will support
Andrew Davidson & Co (AD&Co), a provider of risk analytics and consulting, has made its OAS Subroutine, which includes the Agency Loan Dynamics Model (Agency LDM), available within trading, risk, and processing solutions specialist Murex’s MX.3 platform.
The new collaboration provides clients with an advanced risk analytics product, including Value-at-Risk (VaR) capabilities, for Mortgage-Backed Securities (MBS).
The addition of AD&Co’s OAS Subroutine allows Murex clients to model agency securities including Interest Only (IO) and Inverse IO strips, using a widespread industry Options Adjusted Spread (OAS) model that accounts for the relationship between interest rates, home prices and prepayment behaviour
HSBC is to make an investment in Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks.
Visible Alpha raised USD38 million in January with participation from new investors Goldman Sachs, Banco Santander, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, as well as additional investment from the company’s founding investors, Bank of America, Citi, Jefferies, Morgan Stanley and UBS.
Visible Alpha is using the investment proceeds to continue to drive its explosive growth and leadership position in delivering transparent, efficient and alpha generating investment research solutions to its
Liquidnet, the global institutional trading network, has launched Best Ex Replay, the newest addition to the Liquidnet Virtual High Touch suite powered by data and analytics from OTAS Technologies.
Best Ex Replay enables traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and to help their firm meet regulatory reporting requirements such as MiFID II. It also enables traders to provide detailed execution feedback to Portfolio Managers.
“What we’ve heard from our global Membership is that every minute that goes into manual, administrative tasks such as compliance requests
Eze Software is growing its MiFID II trade reporting support by expanding its strategic collaboration with NEX Regulatory Reporting, a business area within NEX Group.
As an Approved Publication Arrangement (APA) provider, NEX Regulatory Reporting supports clients in their MiFID II obligation to publish pre- and post-trade data and reports as soon as possible after execution. The collaboration bolsters a continuously expanding roster of Eze Software’s MiFID II compliance offerings.
Under MiFID II, in a bid for improved transparency, ESMA requires investment firms to report trade data to APAs in near real-time; within one minute for equities, and 15
