ITG Launches Execution Analysis Tool ITG, an independent broker and financial technology vendor, reports that it has launched ITG Execution Analysis, a web-based analytics tool for clients seeking additional insights into their fill-level data and broker-neutral algorithm usage. “Through the use of FIX-based, fill-level data, ITG Execution Analysis focuses on algorithm usage, spread capture, venue… Read More >>
Bloomberg Launches Website and API for Instrument Identifiers
Bloomberg is targeting exchanges, data providers and custodians with an online utility and mapping tools that help to identify, map and request instruments that conform to the vendor’s global, open standard for identifying financial instruments, the Financial Instrument Global Identifier (FIGI) Bloomberg recently launched OpenFIGI.com and the OpenFIGI API (application programming interface) to further the… Read More >>
Deutsche Bank and OMG Say Yes to Bloomberg’s FIGI
The financial instrument global identifier (FIGI) from Bloomberg’s Open Symbology group, a data research unit at Bloomberg L.P., the privately held media, software and financial data company owned by the former mayor of New York City, has received two more important endorsements in recent days, one from Deutsche Bank and the other from the Object… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
Bloomberg STP and Traiana to Tackle FX Options
Bloomberg STP Solutions, the post-trade arm of the market data and news giant, reports that it is joining forces with Traiana, a vendor of pre- and post-trade solutions, to automate many of the now-manual processes that form the workflow of foreign exchange (FX) options. Essentially, the solution to come will link Traiana’s Harmony messaging network… Read More >>
Bloomberg Terminals Suffer Global Outage
Bloomberg terminals experienced a mass outage this morning, leaving traders in the dark for roughly four hours and causing the U.K. to cancel a multi-billion government debt buyback, according to media reports. The outage began shortly after European markets opened, and service was restored about four hours later. Bloomberg officials say they were able to determine… Read More >>
SimCorp Hires from Bloomberg for HR Head
FinTech vendor SimCorp has appointed Victoria Turk as head of human resources for SimCorp North America, officials say. In her new role, Turk will spearhead “all aspects of HR processes for SimCorp,” according to a company statement, including partnering with the business, mobility, organizational design, sourcing, recruitment, performance management, compensation and benefits. “Victoria brings a… Read More >>
Bloomberg Helps Retrace the Path of a Swap Transaction
In the wake of the Great Recession, securities firms in the financial services industry have for years found themselves in a neck-and-neck race with regulatory reforms, struggling to make the changes necessary for compliance even as new measures continue to come online. While this scenario has been a nightmare for most firms, it’s been a… Read More >>
SEFs Exchange Fire at SEFCON V
The claws came out at Wednesday’s SEFCON V conference as panelists representing swap execution facilities (SEFs) run by Bloomberg and UBS exchanged a series of playful jabs at one another, underscoring the rough-and-tumble reality of intense competition in a market that’s just getting off the ground. Responding to a question about the merits of the… Read More >>
FTF Panel: U.S. Markets Should Move to T+0
A panelist at FTF’s ReCon New York event on Thursday is calling for the U.S. securities industry to move to a T+0 settlement cycle rather than the incremental move to T+2, citing the truism that nothing good happens between trade date and settlement. That’s a phrase heard often from operations managers, and it was heard… Read More >>
