Solutions
TFG Financial Systems, a provider of real time risk monitoring solutions to investment managers, secured five new mandates in the third quarter from a Tier 1 bank, a mini-prime broker and three hedge funds globally.
TFG believes the demand for real-time, multi-asset risk management is being driven by a number of different factors, foremost among these being the need to reduce costs and reduce data duplication.
In parallel with this, both investors and regulators have increasingly high expectations which require a significant improvement in capabilities.
“Banks and hedge funds have been facing significant challenges since 2008,” says Barry
The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value, according to a study by TABB Group.
According to conversations with 100 US head traders for the final instalment of TABB Group’s 12th annual benchmark study, “Broker Relationships in an Era of Full Disclosure: US Institutional Equity Trading 2016,” on why certain brokers were winning their order flow, 65 per cent of the buy-side mentioned liquidity and 48 per cent mentioned the broker relationship, while just 34 per cent said non-execution services.
Compared to 2015 overall, more buy-side
Saxo Bank has launched a digital trading solution for corporate and government bonds which gives its clients access to trading opportunities in over 5,000 investment grade and high yield corporate and government bonds from all over the world and in 20 different currencies.
The solution will be rolled out in October on SaxoTraderGO, the bank's multi-asset trading platform.
Saxo Bank will offer both retail and institutional clients more transparent, cheaper and more efficient access to fixed income trading opportunities.
It says the move is set to revolutionise the way investors trade bonds – a process which currently involves
Wave 3 represents a tipping point which will enable the market to evaluate whether the T2S project justifies the investment companies have made in the platform, according to Tom Casteleyn, head of product management for custody, cash and FX at BNY Mellon.
“A critical mass of settlement volume is scheduled to go live on 12 September 2016, providing the first meaningful picture of the project’s capabilities,” he says.
“Extensive work and investment has gone into ensuring that the T2S project is successful and delivers the benefits first promised by the ECB. Initial delays to the migration of Italy’s Monte
Northern Trust has enhanced its Global Securities Lending capabilities with EquiLend’s Next Generation Trading platform, which optimises lending performance through increased customisation and enhanced automation with borrowers.
Global Securities Lending is Northern Trust’s single, multi-currency system for managing the securities lending process.
With the integration of Next Generation Trading, the availability of securities is communicated in real time and can be tailored to meet a borrower’s specific needs.
Customising inventory increases the efficiency of trading desks globally and allows traders to focus on value-added opportunities for clients. Next Generation Trading is currently live in Northern Trust’s 54 global
Intercontinental Exchange (ICE) has integrated its Secure Financial Transaction Infrastructure (SFTI) and 7ticks network and hosting businesses into a combined offering called Connectivity, a financial transaction network and foundation infrastructure for ICE Data Services businesses.
A key part of the Connectivity portfolio is the roll-out of SFTI Wireless, provided by Anova Technologies, which offers the fastest connectivity for market data and order flow between ICE’s Mahwah Data Center and the co-location facilities in Carteret and Secaucus, New Jersey.
ICE Data Services’ Connectivity offers secure, resilient and low latency network options, global co-location services, the SFTI Direct Market Access (DMA)
Wall Street Horizons’ Enchilada corporate event data service is now available via the App Studio in Thomson Reuters Eikon.
Traders can access Enchilada alongside Thomson Reuters research and analytic tools.
Thomson Reuters Eikon provides real-time and historical data, news and analytics, and a range of other content and features that connect the financial markets community worldwide.
The addition of Wall Street Horizon’s data complements Thomson Reuters StreetEvents database and puts new corporate event data at the fingertips of healthcare professionals and traders who use Eikon.
With Wall Street Horizon corporate event information, buy-side and sell-side traders on
Beeks Financial Cloud, a financial cloud infrastructure provider, has launched Beeks Marketplace, a cloud-based portal that enables real-time connectivity to a variety of exchanges, data feeds, trading tools and news services.
Institutional traders, proprietary trading firms, brokers, wealth managers and high-end retail traders can use Beeks Marketplace for site-to-site and direct venue connectivity.
Beeks Marketplace will act as a portal where customers can browse, research and purchase anything from cross-connections to security products. Users can purchase immediate connectivity using a credit card via Beeks Marketplace and have products provisioned in real-time.
The offering provides dedicated compute resources and
Fund administration and middle office provider Apex Fund Services’ Luxembourg operation will be the first administration office in the group to use the Riva Transfer Agent (Riva TA) software solution.
The deployment of the Riva TA application at Apex Luxembourg will compliment Apex’s “Global Reach, Local Presence” service strategy by providing access to a rapid time-to-market administrative solution perfectly designed for the Luxembourg and European cross-border fund markets.
Apex says that both new and existing clients will benefit from the change.
“We are delighted to announce that Riva’s award winning Riva Transfer Agent application will be deployed at
Lime Brokerage and Vela Trading Technologies, a provider of trading and market data technology, have integrated Lime’s Strategy Studio, its software solution for streamlined strategy research and deployment, with Vela's low latency direct feed handlers.
The combined products enable clients to benefit from Strategy Studio's application programming interface (API) and strategy management user interface, while accessing Vela's broad set of over 250 global direct feeds supporting all major asset classes.
Lime’s Strategy Studio facilitates single stream strategy development, allowing clients to use a consistent code base for back testing, simulating from live market data, and trading in production.
