FlexTrade has announced the release of FlexNow, a solution the firm describes as an out-of-the-box, broker neutral execution management system (EMS) to address the needs of hedge funds and mini-primes who require a streamlined, multi-asset trading system.
The firm says the new EMS is designed to handle trading for equities, futures and options and is MiFID II compliant. It provides connectivity to market data providers; integrates with any order management system (OMS) via FIX and API; and comes with its own built-in transaction cost analysis functionality.
BT has announced that SuperFeed, a fully-managed market data feed designed and operated by trading and market access technology provider Vela, can be accessed via the BT Radianz Cloud.
SuperFeed offers customers a single source for data feeds spanning 100 global venues including and is hosted by Vela and delivered as a managed service via the Radianz Cloud, meaning customers do not require investment in their own back-office infrastructure. SuperFeed is fully compatible with Vela's existing enterprise software which enables customers to design bespoke systems to meet their unique business requirements.
Exegy, a provider of managed services and low-latency technology for market data normalisation and distribution, has launched Trade Port FX, a fully managed FX market data and order execution solution.
Trade Port FX is designed to deliver network connectivity, normalised market data, and order entry to major FX venues as a fully managed service. It enables sell-side banks, buy-side fund managers, and multi-national corporations to meet all their FX market access requirements via a single vendor.
The firm says that this is an increasingly attractive solution as the FX markets experience rapid and simultaneous growth in market fragmentation, speed and functionality requirements, and the costs and complexity of building, maintaining, and managing trading infrastructure.
JP Morgan has invested in AccessFintech, a financial technology firm established by Traiana alumni Roy Saadon and Steve Fazio.
The bank has taken part in the firm’s series A round, leading the way for participation by additional market participants. The investment, financial terms of which were not disclosed, was made following an initial seed round that was privately funded.
In addition to the investment, AccessFintech has also joined JP Morgan’s exclusive In-Residence programme, which is designed to assist emerging financial technology companies.
Banco Santander has announced the launch of a new international payments service using blockchain-based technology.
The service is available to retail customers in Spain, UK, Brazil and Poland, and will be rolled out across more countries in the coming months, the bank says.
The new service, known as ‘Santander One Pay FX’, makes it possible for customers to complete international transfers on the same day in many cases or by the next day. The service also shows them the exact amount that will be received in the destination currency before they make the transfer.
DTCC-Euroclear Global Collateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation, and NEX, have announced a new partnership to streamline and improve OTC derivatives margin call processes.
As a new member of the Global Collateral Partner Program, NEX is currently working to link its TriResolve Margin Web-based collateral management solution with Global Collateral’s Margin Transit Utility to provide mutual clients with a centralised view across margin call operations. The connected service will also help users to meet regulatory compliance objectives around the margining of uncleared OTC derivatives transactions.
CLS and NEX Group have announced that they are extending the triReduce CLS FX service to third parties. These institutions will participate in the same compression cycles as CLS settlement members.
Financial institutions and multinational corporations that settle in CLS Settlement through a settlement member are now able to join the compression service, benefiting from reduced counterparty exposures.
NEX’s triReduce and CLS pioneered the triReduce CLS FX service to provide risk mitigation services for the global FX market for non-cleared OTC derivative trades. The service combines CLS’s infrastructure and market connectivity with triReduce’s compression expertise.
Redline Trading Solutions has announced support for outright deliverable foreign exchange (FX) forwards traded on Cboe FX Markets and non-deliverable FX forwards (NDFs) executed on Cboe SEF.
This means that firms that are FX clients of Cboe using Redline’s InRush Market Data Ticker Plant and Order Execution Gateway can now receive market data and execute FX forwards on Cboe FX and NDFs on Cboe SEF via a single server.
“We are seeing significant interest in NDFs on Cboe SEF from our customers, and we are excited to be among the first providers to integrate with Cboe’s new venue,” said Mark Skalabrin, CEO of Redline.
Oanda has announced the integration of Chasing Returns’ risk management technology into its trading platform, meaning its retail clients will now have access to the Trading Performance Management portal, powered by Chasing Returns.
Drawing on behavioural science, the Trading Performance Management portal provides what the firm terms an in-depth view into individual trading habits, enabling Oanda’s clients to take personal analytics to better understand their behavioural biases such as whether they are more successful on a certain day or with a certain product.
Liquidnet has published the results of a recent survey of global asset management firms that explores how MiFID II impacts the role of technology in trading corporate bonds.
According to the study, titled Future Tech—Trading Bonds Post MiFID II, 86% of respondent firms had technology in place to comply with the MiFID II implementation date, however, 86% of firms also said there were currently in the process of re-configuring workflows and 68% improving data collection. The research also notes that over three-quarters of respondents are planning to upgrade their technology solutions in 2018.