Perhaps the most surprising aspect of the discussions I have been having post the news that Citi is closely studying the number of channels it supports in FX markets is not that several other major LPs have confided in me that they expect, or are currently conducting, a similar review but the number of LPs […]
More than 3,000 votes were cast in this year’s Profit & Loss Readers’ Choice Awards, which created strong competition throughout the categories. For the first time categories for cryptocurrency markets were introduced and proved to be very popular, alongside the more traditional categories. Here then, are this year’s winners: Best Market Maker (Major Currencies) JP […]
Refinitiv is set to acquire AlphaDesk, a cloud-based order management system (OMS) that offers order and portfolio management, risk and compliance solutions for buy side clients. Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its execution management system (EMS) trading capabilities from REDI. AlphaDesk will add […]
FlexTrade has launched a new back-testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures.
“Just because a trading strategy worked successfully in the past, doesn’t mean it will show the same results in the present,” says Vijay Kedia, president and CEO. “There are countless variables – old and new – that could impact performance in unanticipated ways. That’s why using an advanced back-testing framework can make all the difference in running a winning strategy.”
The FX Global Code of Conduct has had a big impact on how FX markets operate, nowhere more so than in the area of order management. Colin Lambert talks to Kieran Fitzpatrick, CEO and founder of Barracuda FX, about the impact of the Code; the need for transparency around order management and the technology required to deliver it. They also discuss the opportunities facing regional banks in order management, as well as look at why some participants still want to do things manually.
Flextrade has rolled out an enhanced version of its multi-Order Management Systems aggregation functionality, an in-built feature of the FlexTrader EMS, which allows users to merge and net orders across multiple OMS regardless of the underlying version or implementation.
Along with the ability to dynamically merge orders within and across OMS, FlexTrader provides configurable allocation logic with several out-of-the-box rules, including LIFO, FIFO, pro-rata and optimal average pricing. It can also be configured per-market and per asset class, based on any order attribute in the system, the firm says.
Integral Development Corp has integrated Linedata’s Order Management System (OMS) powered by Longview, with Integral’s InvestorFX.
“We are pleased to partner with Linedata, which delivers flexible and comprehensive asset management solutions to global institutional and alternative communities,” says Harpal Sandhu, CEO, Integral. “InvestorFX is the smartest trading platform available for investment managers today, and we are proud to offer another high-quality option to access it. All users of Linedata OMS are now able to benefit from a seamless integration with InvestorFX.”
Pragma Securities has launched TradeBase, a relational database that provides clients real-time access to their parent and child FIX order messages. The aim of this new database is provide clients with greater transparency when facilitating their risk management, compliance, and monitoring of their algorithmic orders. “Transparency is at the heart of our value proposition, and […]