TORA, the leading provider of advanced trading technology and financial services, today announced a partnership with Markit to integrate Markit's pre and post trade transaction cost analysis (TCA) tools into its Execution and Order Management System.
SEOUL, South Korea -- Nasdaq (Nasdaq:NDAQ) and Shenzhen Stock Exchange (SZSE) signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual General Assembly to strengthen cooperation and promote mutual development between the two exchange companies. SZSE's Chairman, as well as Nasdaq's Vice Chairman Sandy Frucher and Executive Vice President and Head of Market Technology Lars Ottersgård were present at the signing ceremony.
New York, London, Tokyo, Aix-en-Provence (France) - smartTrade Technologies, a global leader in sophisticated cross-asset liquidity management solutions, today announces the launch of a new end-to-end trading solution designed for Fixed Income and OTC derivatives businesses. smart-FI is available immediately and will appeal to both sell and buy side institutions looking to electronify and re-vamp their Fixed Income infrastructure.
Risk data is an area that has been largely overlooked for many years. Today the situation is different and the area is facing increasing regulatory scrutiny, as Systemically Important Financial Institutions (SIFIs) rush to comply with the Basel 239 Principles for Effective Risk Data Aggregation and Risk Reporting. An enterprise’s success depends on its ability to analyze risk data efficiently and effectively, in ways that uncover both risks and opportunities. Being able to extract and escalate critical risk information is nearly impossible without a robust risk management framework supported by a strong technology infrastructure.
Ian Domowitz, Managing Director of ITG and CEO of ITG Solutions Network, talks to ATMonitor about transparency in terms of institutional trading and how Best Execution can be achieved across different asset classes.
Ian Domowitz, CEO of ITG Solutions Network, talks to ATMonitor about the problems surrounding Big Data in terms of real-time TCA. Domowitz discusses the main issues including the volume, the variety and the velocity of the data.
Launch of The TRADE's inaugural Broker Services Survey - we are asking our buy-side readers to help us by completing a short questionnaire to summarize their broker relationships; which brokers they use and what those brokers are good at. Because we know that many traders use a large number of brokers for different reasons we are deliberately restricting the evaluations to six core criteria and allowing respondents to offer responses at a global, regional or market level as they define their relationship. The result is intended to be more than a simple nomination (who do you use) but far from a detailed assessment of capabilities, which we consider would be unmanageable for many traders. Please click here to participate.read more
On July 3, 2013, the courts pronounced caveat emptor with respect to execution performance in the FX market. U.S. District Judge Denise Cote threw out a lawsuit, which accused JPMorgan Chase & Co. of breaching a fiduciary duty to custodial clients by charging “hidden and excessive mark-ups” on currency trades. Judge Lewis Kaplan dismissed a lawsuit directed at officials of Bank of New York Mellon, for ignoring “red flags” or knowing that trades were being processed at the worst or near-worst prices of the day.read more