Editor’s pick
Connamara’s EP3 Platform Powers the Launch of New Predictions Exchange, ForecastEx
ForecastEx, the new exchange focused on predictions markets for US economic indicators and global climate events, has successfully launched, utilising Connamara Technologies’ EP3 exchange and clearing platform. The exchange allows trading on a range of US economic metrics, such as Unemployment Claims, Consumer Price Index, Retail Sales, Fed Funds rates, and Housing Starts. Additionally, global...
Top Blogs
Institutional Adoption of Digital Assets: The Path to Critical Mass
Over the past decade, institutional adoption of digital assets has undergone a transformation. The emergence of tokenisation, stablecoins, and decentralised finance (DeFi) has unveiled new opportunities, attracting asset managers, banks, and funds, propelling digital assets closer to mainstream acceptance. As blockchain technology matures and regulatory frameworks take shape, institutions are expanding their focus beyond cryptocurrencies,...
Devexperts Expands DXtrade Platform to Support Futures Trading for Prop Firms
Devexperts has enhanced its white-label trading platform, DXtrade XT, to cater to the growing demand among proprietary trading firms for futures trading technology. The platform, designed for brokers and now expanded for prop trading environments, will enable firms to offer US futures trading to clients globally. DXtrade XT can be deployed either as an off-the-shelf...
SEC Charges 26 Financial Firms for Record-Keeping Failures, Resulting in $392.75 Million in Penalties
The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against 26 broker-dealers, investment advisers, and dually-registered firms for widespread violations in maintaining and preserving electronic communications. The charges highlight longstanding failures by these firms to comply with federal record-keeping requirements. The implicated firms admitted to the facts outlined in the SEC orders, acknowledging...
Latest briefs
Johannesburg Stock Exchange Expands Colo 2.0 Service with Beeks and IPC Support
The Johannesburg Stock Exchange (JSE) is advancing its Colo 2.0 service through an extended collaboration with Beeks Group and IPC. In response to rising demand for dual-location disaster recovery solutions, Beeks’ Exchange Cloud service has now been deployed at Teraco’s secondary data centre, aiming to strengthen the JSE’s resilience, ensuring robust infrastructure for the future….
Baton Systems Launches Advanced Treasury Management Tools for Real-Time Intraday Liquidity Optimisation
Baton Systems, the global capital markets technology provider, has introduced new treasury management tools designed to enhance intraday liquidity management, reduce buffers, and mitigate real-time risk. The tools are designed to help firms to lower financing costs, address increasing regulatory scrutiny, and better navigate volatile market conditions. Baton’s latest offering provides treasury managers with a…
QUODD Partners with Infosel to Enhance Market Data Solutions in Latin America
On-demand market data provider QUODD has partnered with Latin American investment intelligence fintech Infosel, to integrate QUODD’s QX Marketplace content into Infosel’s market data platform, enhancing the analytics and insights available to financial institutions across Mexico and Latin America. Infosel now leverages QUODD’s comprehensive market data to support banks, investment advisors, and traders through both…
Eventus Partners with ANCORD to Offer Validus Trade Surveillance Platform to Brazilian Brokers
Eventus, the trade surveillance and financial risk solutions vendor, has entered a partnership with ANCORD, Brazil’s National Association of Securities, Foreign Exchange and Commodities Brokers and Dealers. Through the collaboration, Eventus’ Validus platform will be accessible to ANCORD members, enabling them to implement a comprehensive trade surveillance solution tailored to their specific needs. The partnership…
S&P Global and Accenture Collaborate to Advance GenAI in Financial Services
S&P Global and Accenture have announced a strategic collaboration to drive generative AI (GenAI) innovation within the financial services sector. Central to this partnership is a comprehensive gen AI learning program, set to launch in August, aimed at equipping S&P Global’s 35,000 employees with essential AI skills. The program will utilise Accenture LearnVantage services, offering…
ICE Bonds and MarketAxess to Connect Liquidity Networks for Enhanced Fixed Income Trading
ICE Bonds, a division of Intercontinental Exchange, and fixed-income electronic trading platform operator MarketAxess Holdings Inc., are collaborating to integrate their liquidity networks. The partnership aims to boost efficiency and access to deeper liquidity in the fixed income markets, for the benefit of both the institutional and wealth management sectors. The integration, establishing connectivity between…
Taskize Launches Mailbox Analyser to Track and Quantify Email Impact in Post-Trade Operations
Taskize has introduced Mailbox Analyser, a new tool designed to track and quantify the impact of email communication in post-trade operations. Given the substantial volume of emails handled by custodian banks—often exceeding a million annually—the new tool addresses the challenges posed by high email traffic, such as errors and auditing difficulties. Mailbox Analyser helps firms…
tanX Achieves $1 Billion Quarterly Spot Trading Volume
Dubai-based digital asset trading platform tanX reported a significant milestone in Q2 2024, processing $1 billion in spot trading volume across 3 million transactions, reflecting a 70% increase from the previous quarter. The platform’s success is set against a backdrop of rising interest in decentralised trading solutions, particularly in the wake of FTX’s collapse, which…
Baton Systems Adds JSCC to CCP Network
Baton Systems has achieved successful bi-directional integration with the Japanese Securities Clearing Corporation (JSCC) via its Core-Collateral ecosystem. The integration allows JSCC’s Clearing Member clients to directly access APAC’s largest central counterparty (CCP), enhancing efficiency by providing normalised data and real-time balance updates. The addition of JSCC complements existing integrations, including SGX, expanding Baton’s network…
valantic FSA Partners with Nasdaq to Develop Nasdaq Rates Trader for Nordic and Baltic Markets
valantic FSA, the electronic trading and automation solutions provider, has announced a partnership with Nasdaq to develop Nasdaq Rates Trader, a new web-based user interface for Nasdaq’s Nordic and Baltic fixed income markets. The interface will offer access to Nasdaq’s data and trading functionalities through a modern and intuitive front-end. Key features include advanced data…
Horizon Trading Solutions Launches Mutualised Hosting Services in Partnership with TNS
Electronic trading and algorithmic technology provider Horizon Trading Solutions has partnered with financial market infrastructure vendor Transaction Network Services (TNS), to launch its new mutualised hosting services. The collaboration allows Horizon to utilise TNS’ robust hosting and hardware solutions as a colocation provider, enabling on-premise services at the Hong Kong Exchange (HKEX) data centre for…
Abaxx Commodity Futures Exchange Adopts ION’s XTP Technology for Energy Transition Markets
The Abaxx Commodity Futures Exchange and Clearinghouse has selected ION’s XTP technology to support its new market initiatives aimed at the ongoing energy transition. The Abaxx Exchange, which commenced trading in Singapore on 28 June, has collaborated with ION to deliver secure and scalable post-trade clearing and risk management solutions. The Abaxx Exchange introduces five…
Iress and Dow Jones Enhance Real-Time Market News Integration
Iress has extended its partnership with Dow Jones Newswires, enabling Iress news subscribers to access real-time market news across all asset classes and geographies. This service will be seamlessly integrated into customer workflows through Iress’s market data and trading software. The partnership ensures that Iress’s global market data and trading customers can access premium content…
DTCC Launches Public-Facing VaR Calculator for FICC
The Depository Trust & Clearing Corporation (DTCC) has introduced a new public-facing Value at Risk (VaR) calculator, designed to assist market participants in assessing potential margin and Clearing Fund obligations associated with membership in DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD). The launch of the tool is timely, with U.S. Treasury clearing…
Substantive Research Reveals Increase in Investment Research Spending
Substantive Research, the research and data spend analytics provider, has released findings from its latest survey on investment research pricing, budgeting, and consumption for the first half of 2024. The survey assesses the impact of the FCA’s April 2024 Consultation Paper on “Payment Optionality for Investment Research,” which has sparked debate over whether European asset…
Latest people
DTCC Welcomes Four New Directors to Board of Directors
The Depository Trust & Clearing Corporation (DTCC), has added four new members to its Board of Directors. Brian Gallagher, Global Head of Markets Operations at JPMorgan Chase, brings over 23 years of experience in various leadership roles within the firm. Christopher Gelvin, Chief Operating Officer of Group Operations and Technology Office at UBS, has been…
Delta Capita Appoints Bradley Szu-Tu as Head of Client Lifecycle Management in APAC
Delta Capita, the Capital Markets consulting, managed services, and technology provider, has appointed Bradley Szu-Tu as the Head of Client Lifecycle Management (CLM) in the APAC region. Based in Singapore, Szu-Tu will oversee the expansion and management of Delta Capita’s CLM business across consulting, services, and technology for financial services clients, which currently number over…
London Stock Exchange Group Appoints Pascal Boillat as Chief Operating Officer
The London Stock Exchange Group plc (LSEG) has appointed Pascal Boillat as Chief Operating Officer, effective 1 July 2024. Reporting to CEO David Schwimmer, Boillat will be based in New York and will lead LSEG’s global operations division, supporting both internal and customer services. He will also join the Group’s Executive Committee. Boillat brings over…
CLS Appoints Five New Directors to Board at 2024 Annual General Meeting
CLS, the financial market infrastructure group, announced the appointment of five new directors to its Board of Directors at the CLS Annual General Meeting on 4 June 2024. The new board members are Teddy Cho (BNY Mellon), Scott Lucas (JP Morgan Chase), Akila Raman (Goldman Sachs), Peter Whitelaw (National Australia Bank), and Michael Lawrence (Independent)….
IPC Announces Leadership Transition: Kurt Adams Named CEO, Stuart C. Harvey, Jr. Appointed Chairman
As part of a planned leadership transition at IPC, the trading communications and infrastructure solutions provider, Kurt Adams will succeed Bob Santella as CEO, bringing over 25 years of experience in the financial and technology sectors. Adams previously served as CEO of Optum Financial and held executive roles at Fleetcor Technologies, U.S. Bank, and other…
IEX Group, Inc. Appoints Bryan Harkins as President, Ronan Ryan as COO, and Florian Seifferer as CSO
IEX Group, Inc. (IEX) has announced the appointments of Bryan Harkins as President, Ronan Ryan as Chief Operating Officer (COO), and Florian Seifferer as Chief Strategy Officer (CSO). Harkins brings extensive experience in multi-asset exchange trading, fintech, and capital markets, having held senior roles at Cboe Global Markets, BIDS Trading, BATS Global Markets, Direct Edge,…
Zayo Group Names Colman Deegan as CEO of Zayo Europe
Zayo Group, the global provider of network infrastructure, has appointed Colman Deegan as the new CEO of Zayo Europe, effective April 16, 2024. The strategic hire aims to accelerate the company’s expansion in response to the increasing adoption of cloud services and artificial intelligence across Europe. Deegan brings a wealth of experience to the role,…
Alex Grinfeld Joins Liquidnet to Co-Head Expanding Futures Division in the Americas
Alex Grinfeld, an 11-year veteran of Morgan Stanley, has been appointed as co-head of Liquidnet’s futures business in the Americas, reflecting the firm’s strategic expansion in global listed derivatives. Grinfeld, who previously served as Executive Director at Morgan Stanley and Vice President at Goldman Sachs, will lead alongside Brian Cashin, a recent hire from Bank…
Broadridge Appoints Frank Troise as President of Trading & Connectivity Solutions
Broadridge Financial Solutions has announced Frank Troise as the new President of Broadridge Trading & Connectivity Solutions and Vice Chairman of Broadridge Capital Markets, effective April 29, 2024. Succeeding Ray Tierney, Troise will lead the division into a new phase aimed at simplifying and enhancing multi-asset and multi-workflow trading across global markets. This strategic appointment…
Rob Kirby Rejoins QuantHouse as Head of Sales and Business Development for EMEA
QuantHouse, an Iress company, has announced the appointment of Rob Kirby as its new Head of Sales and Business Development for the EMEA region. Kirby, returning to QuantHouse after roles at Thomson Reuters, Refinitiv, and the London Stock Exchange Group, brings a wealth of experience from the financial data and trading systems industry. During his…
Appital Hires Former HSBC Trader John Coules Amid Growth Surge
Appital, the technology platform for peer-to-peer price discovery and liquidity sourcing, has recruited John Coules as part of its business development team. Previously a high-touch sales trader at HSBC, Coules’ appointment comes during a period of substantial growth for Appital, highlighted by achieving $4.0bn in buyside liquidity since the introduction of Appital Insights in September…
TradingHub Bolsters Leadership Team, Appoints New CFO and Global Head of Sales Amid Strong Growth
TradingHub, the trade surveillance software provider, has appointed Stephen Bergin as Chief Financial Officer (CFO) and Shayne Ganeson as Global Head of Sales and Relationship Management. The move aims to bolster the company’s market position and sustain its impressive trajectory of growth, underscored by a 30% increase in annual recurring revenue. Bergin, who joined as…
Sharon Biran Appointed as DTCC’s New Chief Client Officer
DTCC has announced Sharon Biran as its new Managing Director and Chief Client Officer, effective from March 25. Biran, succeeding Timothy Keady, joins DTCC’s Executive Committee and will report directly to President and CEO Francis J. La Salla. Her responsibilities encompass overseeing the firm’s global client management and engagement strategy, which includes sales, relationship management,…
SIGMA Financial AI Appoints Rachel Przybylski as Chief Product Officer
AI-driven trading solutions vendor SIGMA Financial AI has announced the appointment of Rachel Przybylski as the company’s new Chief Product Officer. With a career spanning over two decades in global financial markets, Przybylski has an extensive background with leadership positions at Saxo Capital Markets, Nasdaq, and Nomura. Her expertise includes managing complex trading and regulatory…
BMLL Appoints Former HSBC Executive Niall Cameron as Non-Executive Director
Historical market data and analytics provider BMLL has announced the appointment of Niall Cameron as a Non-Executive Director to support the company’s strategic development. Cameron, who’s career spans over three decades and has included executive roles at HSBC, IHS Markit, and ABN Amro, also joins BMLL’s group of investors. The appointment of Cameron, who comes…
Featured
FEATURED WEBINAR
Upcoming Webinar: Smart Trader Desktops: Placing UX at the front and centre of the trading workflow
Date: 15 October 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Trading strategy is in place, the technology stack is optimised and the trading team is highly skilled – but what about the user experience? Whatever the stack, the desktop, the trading apps and their functionality, a trading platform is…
FEATURED EVENT
AI in Capital Markets Summit London
The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.
FEATURED GUIDE
Institutional Digital Assets Handbook 2023
After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now…
Top White Papers
Interoperability and AI in Trading Workflows
Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational processes. With AI and generative AI (GenAI) in particular still nascent...
Trading in the Public Cloud: Attitudes to Cloud Adoption in Capital Markets
Capital markets have been slow to embrace cloud technologies and in particular the public cloud. Practitioners have been wary of issues around speed/performance, privacy and cost, all of which can dampen the appeal of cloud technologies for trading firms. But broad acceptance of cloud beyond finance is highlighting some compelling benefits, primarily in terms of...
How Banks Harness the Value of Cloud for Scale and Agility
Financial services are recognizing the benefits that data-led processes can bring and are undergoing digital transformations that are putting data at the heart of their operations and decisions-making processes. They are seizing on data as an asset whose value can be unlocked through technology to increase revenue and reduce costs across the entire enterprise. With...
Events and webinars
Recorded Webinar: Trading Beyond the Horizon
You can listen to the recording of this webinar by registering on this page. Click below to watch the recorded webinar, or download the white paper–for free! In 2010, financial markets participants will continue to expand their trading activities as liquidity increasingly becomes fragmented, seeking alpha in new markets, best execution in dark pools, arbitrage...
Recorded Webinar: Building Low Latency Trading Systems in Low Latency Time
This webinar has passed, but you can view the recording here. Click below to watch the webinar (recorded Nov. 9, 2010). In today’s ultra-competitive electronic trading marketplace, having lower latency than the rest is the only way to succeed. But there’s more to success than just the lowest latency system – your firm also needs...
Recorded Webinar: Mission Possible – Turning Data Deluge into Opportunities for Financial Trading
This webinar has passed, but you can view the recording here. As financial markets firms face the challenge of managing huge volumes of extremely high frequency data, the opportunity exists to transition from just managing this data to strategically leveraging it for new trading and investment opportunities. What was once the impossible is now a...
Awards
TradingTech Insight Awards USA
Meet the winners in the TradingTech Insight Awards USA 2024. These awards recognise excellence in trading solutions and services for capital markets and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions.
