Post-trade services and systems vendor SmartStream Technologies is partnering with Cassini Systems, a margin analytics vendor serving the buy side in derivatives trading, in an effort to ease the operational burden of managing initial margin requirements for uncleared, over-the-counter (OTC) derivatives. The vendors will focus on financial institutions that are beginning the create new operational… Read More >>
Quest Partners Leaves Legacy Vendors for QuantHouse
Quest Partners LLC, a New York-based, quantitative trading firm, has dispensed with several legacy vendors for market data and infrastructure services, and is using solutions from vendor QuantHouse for core trading requirements. Quest is registered with the CFTC as a commodity trading advisor (CTA) and a commodity pool operator, officials say. It’s also a member… Read More >>
BofE’s Carney Will Stay to Help with Brexit
The British Pound Sterling barely moved on the news that that Governor of the Bank of England (BoE) Mark Carney has decided not to stay for his full eight-year term, but will weather the Brexit storm. The currency is not only mired in the repeated attacks on the central bank’s independence and competency but also… Read More >>
EBS and BrokerTec Make Strides in Merging Businesses
EBS BrokerTec, interdealer-broker ICAP’s electronic foreign exchange and fixed income business, has announced that it’s made significant strides in combining the businesses of EBS and BrokerTec since they merged divisions six months ago, officials say. EBS BrokerTec has combined its sales, support and on-boarding teams, allowing “the business to leverage its scale and reach more… Read More >>
