Risk management solution provider AtlasFX has added the Transaction Exception Analyser to its cloud-based FX risk and analytics engine.
The Technancial Company (TTC) and Ullink have jointly launched a solution that monitors all Sponsored Direct Market Access (SDMA) trading activity continuously for HFT trading clients on all major exchanges.
Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTrader execution management system to facilitate global cross asset trading of futures, equities and FX.
NEX Optimisation, the NEX Group (Nex) company that helps clients simplify complexity and optimise their resources, has launched an end-to-end regulatory reporting platform ahead of new reporting requirements coming in under MiFID II.
Called Nex Regulatory Reporting, the new platform is being led by Collin Coleman and powered by Abide Financial, a Nex Group business. Abide is a reporting partner to more than 120 clients including banks, asset managers, hedge funds, brokers and trading firms and venues.
“Clients will benefit from seamless processing of large data volumes under multiple regulatory regimes and transparent delivery of final reports to regulators via a suite of in-house regulatory end points,” says Coleman. “We will also continue to deliver the high level of service which our clients recognise us for.”
Pragma has established a connectivity presence in Equinix’s LD6 data centre in London to service its international client base.
Inter-dealer broker Tradition says it has delivered an initial margin optimisation in FX, after extending its partnership with compression and analytics provider LMRKTS.
The two firms announced a strategic partnership in 2016 to handle execution and compression processing for G10 FX forwards and they say in February they completed a Standard Initial Margin Model optimisation for NDFs with a group of Tradition’s clients.
Tradition says it used its existing infrastructure and connectivity, in combination with LMRKTS’s analytics, to provide the end-to-end service for participants.
CloudMargin has partnered with SmartDX to produce a new offering aimed at helping firms comply with the new daily variation margin (VM) Rule that go into effect March 1.
CloudMargin provides web-based collateral and margin management solutions, while SmartDX offers automated trade and relationship document generation, collaboration and processing in the capital markets.
The two firms have now teamed up to produce an offering designed to enable buy-side investors and other over-the-counter (OTC) derivatives market participants to quickly and comprehensively sign new ISDA Documentation or "repaper" their OTC agreements with existing or new counterparties.
The Depository Trust & Clearing Corporation (DTCC) has completed its proof-of-concept for using a distributed ledger based solution to manage the clearing and settlement of US Treasury, Agency, and Agency Mortgage-Backed repurchase agreement (repo) transactions.
Working with Digital Asset, the two companies have demonstrated the successful netting of “start” leg repo transactions with prior end-of-day net securities obligations in the DTCC environment. With Phase One now complete, DTCC and Digital Asset have progressed to Phase Two, where they will form a Stakeholder Working Group comprised of leading market participants active in the $3 trillion per day U.S. repo and related transaction market to collect independent feedback and ensure the solution is aligned with industry needs.
BT has launched Radianz FX express, a dedicated high-speed link between financial hubs in the UK, US, Singapore, Japan and Hong Kong.
TriOptima has announced that 60 clients have adopted its triResolve Margin service since it launched in June 2016 as firms push to meet the new variation margin regulations coming into effect on March 1.
The new margin rules for non-cleared trades will increase the volume and complexity of margin calls. Therefore, TriOptima says that the existing fragmented and manual solutions will not be equipped to meet the new demands.
Unlike the initial margin rules that were introduced in September and are phased so that different market participants have different compliance dates, the variation margin rules will instantly affect the vast majority of firms trading OTC derivatives globally.