The Australian Securities Exchange (ASX) has gone live with the triReduce compression service from TriOptima, an infrastructure service that aims to help lower costs and mitigate risk in OTC derivatives markets.
Trading & Execution
Settlement failure attributed to significant problems in the middle off for the majority of institutions
A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.
Baton Systems (Baton), a market solution transforming asset movements and settlements, has became a signatory to the updated FX Global Code, underscoring its commitment and support to firms keen to eliminate settlement risk by enabling real time, payment-versus-payment (PvP) settlement for all market participants.
Glue42 has released new functionality to help firms bring an optimal trading experience and efficient operation in days versus weeks. The new release, Glue42 Enterprise 3.12, focuses less on individual applications and extends the workspace concept with an enterprise store that allows users to search for business solutions with best outcomes.
Asset managers, brokers and market makers could get more market transparency as European Union regulators expedite long-considered plans to create an electronic system that collates trade data from trading venues and data aggregators – a consolidated tape – with MiFID III proposals due by end of Q3.
BSO upgrades routes between Shanghai and key financial hubs to offer unrivalled connectivity to Chinese markets
BSO, an infrastructure and connectivity provider, has upgraded its main routes between Shanghai and key financial hubs in London, Hong Kong and Tokyo. The upgrade delivers the fastest connectivity to Shanghai equities and futures markets of any provider and bolsters BSO’s position as the reputed market leader in low-latency connectivity.
Nasdaq, SVB, Citi, Goldman Sachs, and Morgan Stanley launch new platform for trading private company stock
Nasdaq, SVB Financial Group (SVB), Citi, Goldman Sachs, and Morgan Stanley have announced a joint venture to establish an institutional-grade, centralised secondary trading venue for issuers, brokers, shareholders and prospective investors of private company stock.
CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, has completed Convergence, a significant phase of its multi-year technology investment programme, to deliver post-trade technology platforms across global financial market infrastructures (FMIs).
Transaction Network Services (TNS) is working with Deutsche Börse to provide access to Eurex and Xetra market data for non-member organisations.
The global user base of Trading Technologies International (TT), a provider of high-performance professional trading software, infrastructure and data solutions, can now access derivatives products listed on the Warsaw Stock Exchange (WSE), through the TT platform.