Broadridge & Coinbase Target Buy-Side Firms Broadridge Financial Solutions is partnering with crypto exchange Coinbase to provide an integrated solution that enables NYFIX clients to route order flow to Coinbase Prime via the FIX protocol for electronic trading, officials say. The partnership will also allow “buy-side traders to source crypto liquidity from Coinbase and trade… Read More >>
BlackRock’s Aladdin Links to Portware’s EMS & Other News
FactSet & BlackRock Forge Partnership Asset management giant BlackRock will be integrating its Aladdin investment management and operations platform with FactSet’s Portware execution management system (EMS) to offer common clients access to trade execution, multi-asset portfolio and risk management support, and Portware’s electronic trading and automation capabilities via an application programming interface (API), officials say…. Read More >>
Neovest Charged with Acting as an Unregistered Broker
JPMorgan Chase & Co. (JPMC) will be paying a $2.75 million penalty to settle SEC allegations that its Neovest subsidiary was acting as an unregistered broker-dealer for more than a decade in addition to its role as an order and execution management system (OEMS) vendor. This case marks the first time that the SEC has penalized… Read More >>
Buy-Side Traders Are Surviving Electronic Trading
Buy-side traders may have one reason to breathe a little easier amid the pandemic-induced downturn and related market volatility. State-of-the-art, integrated, electronic transaction platforms are not likely to replace humans on the trading desks any time soon, according to researchers at market research firm Greenwich Associates. “The average number of traders on buy-side trading desks… Read More >>
SmartStream Argues for the Utility Approach
(Editor’s note: SmartStream took home the award for Best Operational Risk Management Solution in this year’s FTF News Technology Innovation Awards competition for its Reference Data Utility (RDU) offering. Among its many aspects, the RDU provides a security master that was created “in close association with demanding global institutions,” according to SmartStream. The RDU is a… Read More >>
Northern Trust via CDCC Directly Clears Canadian Derivatives
Northern Trust to Take Part in Expanded CDCC Program Northern Trust Canada officials have announced that they launched a direct clearing of cash and repurchase agreement (repo) trades for fixed income securities through an expansion of the clearing model of the Canadian Derivatives Clearing Corp. (CDCC), officials say. In addition, Northern Trust reports that it… Read More >>
Liquid Holdings Updates Key Products
Cloud-based investment management solutions vendor Liquid Holdings has rolled out new several new features, such as portfolio analytics reports and redesigned dashboards, for its LiquidMobile and LiquidTrade products, officials say. LiquidTrade is the vendor’s broker-neutral order and execution management system, while LiquidMobile is a web-based portfolio and risk analytics application, officials say. The new features… Read More >>
