Horizon Trading Solutions Achieves Certification on Toronto Stock Exchange

Horizon Trading Solutions, the Paris-based electronic trading solutions and algorithmic technology provider, has been certified on the Toronto Stock Exchange (TSX), following its certification on the Toronto Montreal Exchange (TMX) in 2023.

Clients can now trade Canadian equities and derivatives, utilising advanced trading strategies and execution algorithms on a single platform for order and execution management. This certification enhances Horizon’s service offerings and strengthens its footprint in the North American market.

FIA and DMIST Publish Global Average Pricing Standard for CCPs

The Futures Industry Association (FIA) and the Derivatives Market Institute for Standards (DMIST) have released a new Average Pricing Standard, which aims to address the lack of standardised average price functionality across Central Counterparties (CCPs) worldwide. It builds on the previous standard for Improving Timeliness of Trade Give-ups and Allocations.

The Average Pricing Standard requires all CCPs to adopt minimum average pricing functionalities to enhance consistency and efficiency in trade processing. It includes a 16-point Functionality Table covering General Standards, Average Price Grouping, and Cash Residuals. The standard also provides a roadmap for CCPs that currently do not offer on-CCP average pricing. An Average Price Workstream will be established by DMIST to facilitate implementation and adoption.

CJC Relaunches Academy Program for Market Data Professionals

CJC, the market data consultancy and professional services provider, has announced the relaunch of its innovative Academy Program. The CJC Academy aims to train the next generation of market data experts by equipping them with industry-leading skills, knowledge, and practical experience necessary for success in global capital markets.

The CJC Academy offers a comprehensive learning experience that includes classroom-based instruction, mentorship, hands-on projects, and immersive activities. Participants will benefit from the expertise of industry leaders, engage in cutting-edge client projects, and explore various market data functions through CJC’s technical and commercial operations. Following a pandemic-related hiatus, the program returns with an updated syllabus, dedicated support team, and digital learning components, continuing its legacy since 2012.

Murex and StarQube Partner to Enhance Portfolio Management with MX.3 Integration

Murex, the capital markets technology provider, and StarQube, a fintech offering advanced analytics and investment decision tools, have joined forces to provide a data-driven portfolio management system through Murex’s MX.3 platform. The partnership enhances portfolio construction for managers using the MX.3 Investment Management solution, by integrating StarQube’s research and portfolio construction capabilities.

The combined solution leverages Murex’s cross-asset Investment Book of Record (IBOR) and StarQube’s conic optimizer, enabling portfolio managers to design, backtest, and execute strategies across all asset classes. This integration aims to provide better performance, efficiency, and regulatory compliance, optimising data and technology costs while enhancing the overall investment management process.

Genesis Unveils G8, Introducing Usage-Based Pricing and Advanced Developer Tools

Genesis Global has launched Version 8 of the Genesis Application Platform (G8), introducing risk-free trials, usage-based pricing, and significant technological advancements, which aim to expedite the development of high-performance financial market applications. Key features include the Genesis Marketplace, a library of pre-built elements to accelerate development; Genesis Create, a web-based tool to get new applications running in minutes; Genesis View, which converts screenshots into concise web UI code; and improved desktop interoperability with additional FDC3 support.

A new client engagement model launched in conjunction with the G8 release creates several powerful incentives for developers, including Genesis Sandbox, which offers free, on-demand platform trials to qualified users with technical support and access to the Genesis Academy learning centre. Additionally, a new usage-based pricing system allows firms to correlate costs with the value they receive from Genesis, eliminating traditional hurdles in software purchases. Furthermore, a new partner portal equips third-party integrators and consultancies to co-sell and build on the Genesis platform.

GCEX Partners with DV Chain to Enhance Crypto Liquidity Offering for Institutional Clients

GCEX Group, the regulated digital brokerage that provides institutional and professional clients with deep liquidity in CFDs on digital assets and FX, as well as spot trading and conversion of digital assets, has partnered with DV Chain, the cryptocurrency liquidity provider, to enhance its services for institutional clients.

By leveraging DV Chain’s crypto liquidity, GCEX aims to provide GCEX’s institutional clients with tighter spreads and reduced execution costs. The enhanced brokerage services for spot cryptocurrency transactions will be accessible through GCEX’s XplorSpot platform or via API, facilitating the adoption of digital assets by institutions and professional traders.

Bloomberg Unveils Integration of Alternative Data with Traditional Enterprise Content

Bloomberg has made its Bloomberg Second Measure (BSM) transaction data analytics feeds available via Bloomberg Data License for the first time. The integration allows data professionals and quantitative researchers to connect BSM’s alternative dataset with Bloomberg’s traditional data, offering early insights into consumer company performance with a three-day lag. Powered by over 20 million U.S. consumers’ credit and debit card transactions, BSM covers over 3,000 companies and 4,000 brands.

The move is part of Bloomberg’s strategy to enhance data solutions for quantitative customers. The BSM data feeds, essential to the ALTD <GO> function on the Bloomberg Terminal, further Bloomberg’s effort to integrate alternative data with traditional market information, providing extensive insights and integration capabilities for diverse datasets.

Commerzbank Completes Strategic Migration to Murex’s MX.3 Platform

Commerzbank has successfully completed a strategic migration and simplification of its global FX, FX derivatives, equities, and commodities operations using Murex’s integrated MX.3 platform. This initiative streamlines trading and risk management processes, supporting Commerzbank’s goals of business expansion, consolidation, and digitalisation.

The project saw collaboration from Murex, TeamTek, and Infosys. TeamTek, a Bounteous x Accolite company, contributed significantly to the equity migration project, focusing on testing automation and end-to-end delivery. Infosys provided comprehensive services including development, integration, testing, and migration support. Representatives from all four companies praised the teamwork that drove the successful implementation, with Commerzbank set to leverage MX.3 for future strategic objectives.

Wall Street Horizon Adds TMX Canadian Stock Coverage to Corporate Event Dataset

Wall Street Horizon, a provider of global corporate event data, has expanded its data coverage to include all common stocks traded on Toronto Stock Exchange and TSX Venture Exchange. This increases its data universe by 15%, totalling over 11,000 publicly traded companies worldwide.

Wall Street Horizon, a TMX company, offers more than 40 corporate event types including flagship earnings and dividend calendars. The extended event data coverage features small/medium cap equities and provides insight to parts of the market that previously received little exposure.

“Full TMX Canadian stock coverage for highly accurate corporate event data is essential for our buy-side clients to monitor their comprehensive watchlists, which include midcap and microcap stocks,” says Dominic Dowd, vice president, TMX Datalinx Product, Strategy & Analytics. “In a similar vein, we are actively reviewing client driven opportunities to expand our global event coverage in additional markets such as London, Hong Kong and India.”

ACCX Group Secures FCA Licence for Crypto Derivatives Marketplace

ACCX Group (UK) Limited, the digital asset exchange group, has achieved a significant milestone by obtaining a licence from the UK’s Financial Conduct Authority (FCA) for a regulated and centrally cleared derivatives marketplace. The platform is designed to offer financial institutions cash-settled futures and options based on a robust benchmark index of cryptocurrencies, in order to gain exposure or hedge risk more efficiently in a secure and liquid environment.

Authorised to operate a Multilateral Trading Facility (MTF) for crypto derivatives, ACCX aims to transform the industry by providing a secure and compliant environment for the trading and centralised clearing of such instruments.