TransFICC Enhances Messaging Service

TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, today announced the completion of a dedicated enhancement to Aeron messaging. Designed for the Cloud or Deployed servers, TransFICC says Aeron is the fastest available platform, capable of managing more than 80,000 messages a second on a single thread, while […]
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KGI To Launch Platform in Singapore

KGI Securities will launch its KGI MaxxTrader’s e-FX pricing and trading engine, which is a white label solution provided by FlexTrade Systems, in Singapore. KGI Securities says it has made the launch in support of the Monetary Authority of Singapore’s (MAS) vision for Singapore to connect global markets, support Asia’s development, and serve the economy. The […]
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Baton Teams-Up with Citi on Cleared Derivatives 

Baton Systems, which provides post-trade solutions for capital markets, has teamed-up with Citi to help build its treasury function for cleared derivatives. Baton’s platform will aggregate data from Citi’s banks and custodians and track collateral collected from its clients all the way through to CCPs. In addition, Baton will enable real-time visibility of excess/deficit calculations, […]
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Cobalt Adds Two with New Investment Round

Post-trade infrastructure provider Cobalt has announced the addition of two new hires to its leadership team, as it continues its expansion into emerging markets and digital assets with a new institutional investment round. Duncan Lord has joined as the head of post-trade operations, while Michael Walsh joins as a consultant. Lord joins from Barclays where […]
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SmartStream Releases New AI Tool

SmartStream Technologies today launched Affinity, an Artificial Intelligence (AI) observational learning tool, to provide operational data management and data quality processes. SmartStream, in partnership with unnamed Tier 1 banks, has developed the integrated AI solution that it says can result in cost savings of as much as $2 million per annum, “bringing reconciliations into a new […]
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Schroders Selects SteelEye

Investment manager Schroders has selected compliance technology provider SteelEye to provide it will full visibility of its MiFID II transaction reporting workflow, including tools that help manage over or under-reporting as well as data validation errors. The system provides MiFIR eligibility checks; analytics on rejection handling from both the Approved Reporting Mechanism (ARM) and National […]
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CFTC Fines Citi for Deleted Voice Recordings

The US Commodity Futures Trading Commission (CFTC) has fined three Citi affiliates $4.5 million for failing to diligently supervise their audio preservation system, which led to the deletion of almost 2.8 million audio recordings, some of which were subject to a CFTC subpoena. In an Order filing and settling the charges, CFTC says in spite […]
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Z.com Launches Agency FX Service

GMO-Z.com Trade UK, an FCA-regulated member of the GMO Internet Group, has announced the launch of its agency FX service, which will be offered from its Z.com Global Markets brand, which was established in late 2019. The new service offers analytics and technology solutions to ensure that users achieve the best outcome possible for pricing, […]
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BoE Questions Decision to Drop Spot FX Market Abuse Regime

As part of its response to the findings of an internal investigation conducted after it was revealed that audio recordings of its press conferences were being sold to market participants, the Bank of England has flagged revisiting a previously ignored recommendation of the UK’s Fair and Effective Markets Review (FEMR) to create a new statutory civil […]
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MarketAxess Buys Deutsche Borse Regulatory Reporting

Following news that CMEW Group was shutting its regulatory reporting business in Europe and Asia earlier this year, Deutsche Borse has also signalled an exit from that market with the sale of its Regulatory reporting Hub to fixed income trading platform MarketAxess. The Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables […]
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