Cobalt Secures Investment from Standard Chartered

FX post-trade infrastructure provider Cobalt, has announced the expansion of its bank investors with Standard Chartered as its latest backer. Having signed as a client on Cobalt’s platform in February, Standard Chartered now joins Citi as an investor in Cobalt’s expanding network. By creating a single version of a trade and checking credit in real-time […]
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Tora Unveils FX Hedging Solution for Equities

Cloud-based order and execution management system (OEMS) provider Tora, has announced the release of its new FX auto-hedging function for equity pairs trading. The new solution sits within the firm’s equity pairs trading algo suite and offers automatic hedging for clients’ cross currency equity pairs and equity derivatives trading. It captures all transactional information on […]
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SmartStream Launches Intraday Liquidity Stress Test Solution

Transaction lifecycle management provider SmartStream is claiming a first with the launch of an intraday liquidity stress testing module, which is available as a standalone of via the cloud. The firm observes that carrying out a stress test and running it can take up to eight weeks, with the new module it allows banks to […]
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Assure Hedge Gets Finance for IM Push

FX hedging service provider Assure Hedge has announced that it has agreed terms with Carrig Glen Investments (CGI), whereby CGI will provide up to a £9m margin finance facility for clients of Assure Hedge at a utilisation cost of 10% per annum. Under the terms of the arrangements, CGI will be entitled to subscribe for […]
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Mosaic Smart Data Unveils Data Normalisation Service

Data analytics firm Mosaic Smart Data is launching a data normalisation process as a new stand-alone service. The firm will employ its technology and data model to cleanse, normalise and process firms’ transaction data in all major FICC asset classes, including cash and derivatives, allowing institutions to analyse their activity in a given asset class […]
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EBS Plans Matching Engine Changes as Part of Migration to Globex

EBS is planning to change how clients match on its EBS Market platform as part of a planned migration to CME Globex, including a new matching engine infrastructure. The firm, which was bought by CME Group in 2018, is in the throes of migrating its fixed income BrokerTec platform to Globex later this year and […]
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In the FICC of It

In this week’s podcast, Colin Lambert casts his eye over a new challenge facing Refinitiv Benchmarks over the London 4pm Fix – something he confesses to not have even considered in the past, and then gives his thoughts on a small, but potentially important change at CME Group on its FX Link service. He is […]
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Glue42, LodeStar Ecosystems, Team Up

Desktop integration firm Glue42 and fintech LodeStar Ecosystems, have unveiled a formal partnership, which seeks to help sales and trading teams integrate their clients’ enterprise data sets across all applications on the financial desktop and apply real-time business intelligence to identify actionable opportunities. “Information overload is just the start of the problem,” says Alan Clark, […]
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GTreasury Integrates with Fenics Market Data

Treasury and risk management provider GTreasury has announced a new integration that pairs its solution with Fenics Market Data. The new integration enables GTreasury clients to access end-of-day and historic data sets – including interest rate volatilities, credit data, and OIS data – to generate accurate and timely valuations of their financial instruments for accounting […]
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UK Throws Up Potential Obstacle to Ion, Broadway Deal

The UK’s Competition and Markets Authority (CMA) has highlighted concerns over the proposed takeover of Broadway Technology by Ion. The deal was announced in February, however an investigation into the deal by the CMA was extended in April due to Ion failing to provide necessary documentation to the authority. In its latest statement, the CMA […]
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