Stringent regulations and client protection initiatives enacted in the wake of the 2008 financial meltdown are causing unprecedented and growing technical challenges. Banks and other financial institutions must monitor, collect, and analyze vast amounts of data from multiple, disparate sources in real-time. This new white paper provides an overview of the current economic and regulatory […]
Thesys Technologies, trading technologies and analytics software specialist, has won the contract to build a new system for the Securities and Exchange Commission (SEC) to track and store all stock and options orders and transactions.
India-based National Commodity and Derivatives Exchange (NCDEX) has launched NextGen – a new trading and surveillance system developed by MillenniumIT (a trading tech subsidiary of London Stock Exchange).
Pan-European exchange Euronext will use Algomi’s fixed income technology for its new multilateral trading facility (MTF) in a ten-year partnership. With their joint venture (JV), capitalised by Euronext for $2.3 million, dealers will be able to access the trading interface either directly through their existing Algomi technology or through their stand-alone systems. The platform will […]
London-based blockchain firm SETL and Cobalt DL, a private peer-to-peer network, have teamed up to use SETL’s OpenCSD within the Cobalt FX post trade platform. The service is set to launch in 2017, with 15 institutional FX participants “already committed” to the service. Earlier this year, SETL unveiled the OpenCSD platform, its first commercial offering, […]
Nebraska-based online broker TD Ameritrade is to acquire US discount brokerage firm Scottrade in a cash and stock transaction valued at $4 billion, resulting in its branch network more than quadrupling in size. For TD Ameritrade, it says it will get a network of nearly 500 branches employing more than 1,000 investment consultants. It will […]
BNP Paribas has selected Fidessa’s derivatives trading platform to underpin the bank’s futures and options agency trading business. The platform will support the workflow requirements across Europe, Asia-Pacific and North America. It will also provide BNP Paribas with a suite of specialised derivatives algorithms, including benchmark algos and advanced synthetic order types to normalise trading […]
This paper looks at the current state of high-frequency trading – why it’s popular and what types of strategies and technologies are being used. It then explores how in-memory computing can meet the technological challenges and increase trading profits. As competition intensifies in the field of high-frequency trading, financial services firms need a new level […]
In a new gambit, Goldman Sachs is giving its most valuable software away for free to win more business from clients. In an interview with The Wall Street Journal, Michael Dubno, who was CTO at Goldman Sachs for 20 years, discussed how the investment bank makes “billions of dollars in well-timed trades, and sidestep billions […]
Our rejuvenated Banking Technology Awards have received an unprecedented amount of entries this year – from banks, financial institutions, fintech firms and individuals worldwide – and we are happy to reveal the shortlisted candidates. Now in their 17th year, Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial […]