Day: November 17, 2017

Vela Unveils SI Data Hub

Market access technology provider Vela has announced the launch of its Systematic Internaliser (SI) Data Hub, part of its MiFID II solution suite. The firm has also confirmed the addition of Sun Trading as part of its roll-out of new Systematic Internaliser venues.
The SI Data Hub provides clients with access to multiple SI liquidity price feeds through a single normalised API, helping to address MiFID II concerns regarding best execution and liquidity fragmentation when it takes effect on 3 January 2018.

FX Firms Behind the Curve on MiFID II: Survey

A new survey by trading technology provider Integral Development Corp finds that FX market participants face a race against the clock to be fully prepared for MiFID II.
In a global poll of 282 market participants last week the firm found that only 18% claimed their FX business was completely set for January 3, while one third saud they were only half ready how the requirements, which include demonstrating best execution to clients and increased reporting, will affect currency trading.

TNS Adds Cloud Connectivity Services

Transaction Network Services (TSN) has launched a new connectivity solution, TNS Secure Cloud Connect, which, the firm says has been designed to provide secure, resilient and easy access to a range of cloud services, including those from the major cloud providers.
It facilitates connectivity to the cloud as well as from a firm’s presence in the cloud to TNS’ financial community which includes more than 2,000 endpoints, the firm adds. Where cloud providers use a regional set up, the service enables cross-region connectivity to help make the infrastructure more efficient and redundant.