FIX Trading Community Partners with Global DCA The FIX Trading Community, a standards body for transacting securities via the electronic Financial Information eXchange (FIX) protocol, will be working with the Global Digital Asset and Cryptocurrency Association (Global DCA) to create standards for trading digital assets, officials confirm. Both groups “recognize that their complementary efforts can… Read More >>
Denali Deploys INDATA OMS for Trading & Compliance
Denali Advisors, a quantitative-based, institutional investment management firm, went live last month with a trade order management system (OMS) and FIX-based electronic trading support via provider INDATA, an implementation for pre- and post-trade securities and compliance operations. The San Diego, Calif.-based firm’s installation of INDATA’s iPM (Intelligent Portfolio Management) Epic OMS is delivered to end-users… Read More >>
Cybersecurity Comes to the FIX Protocol
The FIX Trading Community, the standards body behind the Financial Information eXchange electronic trading protocol, is taking on cybersecurity via the release of the FIX-over- the Transport Layer Security (TLS) (FIXS) standard and guidelines. The effort is to help users of the FIX Protocol meet security requirements “as it introduces a basic level of security… Read More >>
Ipreo Applies FIX to Fixed Income Workflows
Ipreo Pulls Together an Industry-Led Effort Ipreo, a market intelligence and workflow solutions vendor, is embracing the FIX Protocol to help end-users optimize and streamline fixed income deal workflow. The results of Ipreo’s efforts is the industry-led initiative, the Ipreo Investor Access platform, which has the capability to electronically submit fixed income orders directly to… Read More >>
SMA Growth Spurs Upgrade for Aperio Group
Investment manager Aperio Group will be using trading systems and support from vendor Linedata to stay ahead of a growing flow of business, especially in separately managed accounts (SMAs). Aperio, which describes itself a $16 billion research-based investment manager, has signed on with Linedata to replace an incumbent, internally developed platform, vendor officials say. Considered… Read More >>
NYSE Group Advances Pillar Platform Rollout
After completing a key rollout phase last week, NYSE Group officials report that they are continuing to test a new transaction processing system intended to streamline access to equities and options markets. Officials alerted traders about the NYSE Pillar system and its symbol migration steps this past Thursday. “Beginning tomorrow, Friday, February 26, 2016 all… Read More >>
FIX Standards Body to Explore Blockchain, Digital Currency
The FIX Trading Community, the standards body for the Financial Information eXchange electronic trading protocol, is embracing digital currencies and Blockchain technology initiatives with the formation of a new working group whose mission is to identify, analyze and define use cases and integration points for digital currency and distributed ledger technologies. The working group has… Read More >>
Former Pipeline Trading Exec Joins Fidessa
London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… Read More >>
Hong Kong Firm Goes Live with Fidessa Platform
China Merchants Securities (CMS), a leading player in the Hong Kong financial markets, has gone live with Fidessa’s new “fully managed and outsourced” Asian trading platform, say Fidessa officials. CMS officials have “upgraded [to it] from its previous system to benefit from [Fidessa’s] expanded capabilities,” Fidessa officials say. CMS, majority owned by the People’s Republic,… Read More >>
CFTC Taking Comments on Possible Bitcoin Options Exchange
CFTC officials are asking for public comment on LedgerX’s bid to become the first options exchange and clearinghouse for the crypto-currency bitcoin. If LedgerX is successful, it will be another sign of the growing support for bitcoin-supported transactions. Described as “a non-political online money, Bitcoin is backed exclusively by code,” according to the Bitcoin Foundation… Read More >>
