Topics: Data & Infrastructure Czech Republic's RSJ Chooses KX Systems for Algo Trading May 24, 2013A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies. Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives May 23, 2013Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms. Barclays Commits to Reporting Volumes of Dark Pool May 20, 2013The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark. Market Structure Drives the Buy Side to Seek New OMS/EMS Systems —Study May 20, 2013Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading venues, but cost pressures are an obstacle to upgrading their OMS/EMS platforms, according to Greenwich Associates' study. Bloomberg Snooping Scandal Prompts Reaction from Goldman May 15, 2013Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data. Arialytics Unveils Predictive Analytics Platform May 15, 2013Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling. Asset Managers and Hedge Funds Face Swaps Clearing Deadline May 14, 2013Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper. EBS Direct is Live with 4 Liquidity Providers May 13, 2013Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers. Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up May 10, 2013The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers. DataArt Launches Free Form PF Software for Hedge Funds May 09, 2013As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers. OCC Names BNY Mellon's Messinger to Board of Directors & 2 More May 08, 2013The equity derivatives clearing organization named three new members to its board of directors, including Craig Messenger who is head of trading and trading risk at BNY Mellon. Susquehanna Renews with SunGard for Compliance May 07, 2013Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business. Taiwanese Bank Extends License with Fenics for FX Options System May 06, 2013Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management. Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data May 03, 2013Citing customer demand, CME and Nasdaq are linking their Carteret and Aurora data centers to transmit market data over a microwave network in under 4.25 milliseconds, which is faster than fiber.
DTCC Sues CFTC Over Swap Data Repository Rules May 03, 2013The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs. Markit Launches CLO Pricing Service May 02, 2013The service uses observable market data and models to offer a transparent approach to CLO pricing. Finect Launches Network for Financial Industry's Social Media Needs April 30, 2013Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines. Paladyne Systems Integrates Numerix; Licenses Source Code April 30, 2013Paladyne, a Broadridge Company, has integrated the Numerix Portfolio Risk into its front-office solutions to help its clients help manage risk across asset classes with the addition of Paldyne's reference data. CBOE Outage Forces Institutions to Scramble for Alternatives April 25, 2013A systems delay at the CBOE shutdown trading in the big stock index options contracts for three and one-half hours, raising questions about the safety of electronic markets. Westport Capital Partners Files Form PF via Northpoint April 25, 2013A hedge fund manager focusing on real estate picked Northpoint's Form PF filing services to deal with all operational aspects from data collection to electronic submission.