Solutions
Mirabaud Securities has enhanced its execution offering by launching a new electronic trading platform designed to provide efficient solutions compatible with advent of the new requirements imposed by MiFID II.
Employing a wholly unbiased routing infrastructure, Mirabaud has integrated its market structure expertise into the core of its proprietary liquidity seeking strategies.
“MiFID II has introduced an entirely new set of obstacles for our clients, particularly in the areas of execution and liquidity management,” says Jason Rand (pictured), global head of trading at Mirabaud Securities. “Innovation is crucial in this environment and we have made it our top priority
Dow Jones has launched a multicast news product, delivered in a faster, lighter format throughout the New York trading community in Equinix, a data centre and interconnection company for the global financial markets.
Dow Jones multicast news feed will be available in the Equinix Secaucus Campus (NY2, NY4, NY5 and NY6) International Business Exchange (IBX) data centres.
With this new, headline-only product, Dow Jones is expanding the ways financial trading firms can consume news.
The Equinix interconnection service enables customers to connect seamlessly and directly to the Dow Jones multicast news feed alongside other data providers and similar services. This direct connection enables
Crédit Agricole CIB has partnered with Orchestrade Financial Systems, a capital markets technology platform for cross-asset trading and risk management, to overhaul its interest rate derivatives and FX Forwards trading operations.
Crédit Agricole CIB is the first major bank to replace its trading and risk legacy systems with Orchestrade.
Crédit Agricole CIB is migrating all front-to-middle office processing of vanilla and structured products from two legacy platforms. The bank now runs trading and real-time risk calculations on Orchestrade for its interest rates and FX Forwards business globally.
"Orchestrade enabled us to improve risk performance, keep up with new
LiquidityBook’s SaaS-based LBX Buyside POEMS (portfolio, order and execution management system) has been selected by three West Coast hedge funds – Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital.
Deployed by each firm in late 2016, the LBX Buyside platform provides a full range of order, execution and portfolio management capabilities, including real-time NAV, full historical P&L, risk management and reporting.
The global, multi-asset platform also includes the integrated LBX Connect FIX routing network, providing seamless, normalised connectivity to over 250 routing destinations worldwide.
According to Jackie Fertitta, Pier 88’s COO and CCO, the San Francisco-based,
Credit Suisse Fund Management has selected RiskSystem to provide daily risk reporting and investment restriction monitoring for the Luxembourg domiciled Credit Suisse (LUX) Absolute Return Bond Fund.
The CS Absolute Return Bond Fund is a USD500 million global fixed-income fund that seeks to achieve positive absolute returns, regardless of credit and interest-rate cycles, while adhering to a stringent management process.
Max Gnesi, director of Credit Suisse, says: “Credit Suisse had a specific requirement for an independent third-party risk-management provider. We are very happy to partner with RiskSystem and to use their engine and expertise to assist us in monitoring
BT is linking up the world’s five main foreign exchange (FX) locations to help boost the competitiveness of its global financial industry customers.
The company is now offering BT Radianz FX express, dedicated high-speed links between financial hubs in the UK, US, Singapore, Japan and Hong Kong involved in almost 77 per cent of the world’s FX trading.
The new Radianz FX express service offers low-latency and cost-effective, fully managed connectivity that will give traders faster access to market data across the five locations, while making it easier for them to execute trades. In an industry where delays of
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai, and improve post-trade practices.
DFM has been a Nasdaq Market Technology client since its inception in 2000.
Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine (Nasdaq Matching Engine), a cash equities clearing module (Nasdaq Packaged Clearing) and enable an in-memory-vetting model on the central securities depository (CSD) solution, which will increase performance, speed and resiliency, all under the new Nasdaq Financial Framework architecture.
This infrastructure
Abel Noser Solutions has launched a trade surveillance product for compliance officers of broker-dealers, investment advisers and exchanges.
The product comes on the heels of a limited pre-release to select clients.
Compliance+ is a proprietary software solution that enables companies to identify and assess daily potential trade irregularities such as spoofing and layering, potential insider trading, and high cost trades. The platform provides an easy-to-navigate and graphically attractive front-end to quickly review compliance alerts.
According to company executives, the tool's functions include drill-down features available in graphical form to view orders and individual fills, and the ability to share
Counterparties have eliminated USD1 trillion in gross notional value from their outstanding FX forward and swap portfolios using CLS Group and TriOptima’s triReduce CLS FX Forward Compression Service.
The triReduce CLS FX Forward Compression Service offers regular compression cycles to reduce operational, credit, and counterparty risk, and enhance capital efficiency.
Participation has grown steadily, with the last two cycles reducing notional principal by more than USD200 billion, a trend that both companies expect to continue.
An upgrade to the service scheduled for the coming months will offer standard multilateral compression and introduce the ability to achieve net exposure
Northern Trust to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, expanding its presence in the former and gaining local fund administration capabilities in the latter.
Following the transaction, which is expected to close in the second half of 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions, Northern Trust will be a leading administrator by assets in the Swiss market.
Upon completion of the transaction, Northern Trust will become the fund administration services provider for funds with approximately CHF420 billion (USD413 billion) in assets, including UBS Asset Management's traditional
