Tag: Cloud

Cloud

Barracuda FX Unveils OMS Cloud

Order management technology provider Barracuda FX has announced the launch of OMS Cloud, a development that makes Barracuda’s OMS technology available on the cloud, enabling all sizes of banks to use the service.
Barracuda developed the new service in response to banks active in the FX market asking for professional OMS tools, but without having the resources or capacity to implement an OMS.
OMS Cloud offers a solution to hundreds of banks which have previously either not supported FX orders, or simply outsourced them via larger banks’ single dealer platforms.

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.

Cobalt Joins BT Radianz Cloud

Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud.

This means that organisations can now access Cobalt’s private peer-to-peer and blockchain services via their Radianz Cloud connections. The Radianz Cloud links a community of thousands of brokers, institutions, exchanges and clearing and settlement houses. Through a single secure network connection, members can access thousands of applications and services from more than 400 providers critical to the everyday running of the global financial sector.

Cobalt deploys distributed ledger technology to try and remove cost and complexity from post-trade processing. It leverages blockchain-derived concepts of encryption, digital signatures and consensus to deliver a single, immutable record for each trade, replacing traditional systems, which often involve duplicated processes. By creating a shared view of trade data, Cobalt aims to free up back and middle office resources from multiple layers of reconciliation, speeding up processing.

BSO Expands FX Trading Circuit in Asia

Ethernet, cloud and hosting provider, BSO, has added Singapore and Hong Kong to its FX circuit, citing growing demand for fast and reliable access to trade currency derivatives in emerging markets as the reason for the expansion.

The new routes, built on top of BSO’s London-New York-Tokyo circuit, will enable market makers using the BSO network to trade currency derivatives up to 10 milliseconds faster than before.

The new circuit includes improved latency and more diverse paths between London and Singapore, as well as a new trans-Pacific route for firms looking to trade between New York and Hong Kong. BSO says that it has also optimised its London-Tokyo link to the lowest latency available on the market.