Fixed income electronic trading platform BrokerTec has joined forces with derivatives infrastructure services vendor TriOptima to offer more automation across the mostly manual lifecycle of a repo trade, officials say. The intention is to improve the repo trade workflow, Raf Pritchard, head of triResolve at CME Group, tells FTF News. The triResolve group is part… Read More >>
Bond.One Pioneers Debt Origination via DLT
A fixed income security-issuance and administrative services provider, Bond.One, has just launched a private placement bond from the McCarton Foundation that Bond.One says is an industry first — debt origination via a platform that exploits distributed ledger technology (DLT). Bond.One officials tell FTF News that they hope that this first step will pave the way… Read More >>
Deciphering Traders’ Jargon for Criminal Intent: Q&A
(Editor’s note: When the news hit that Standard Chartered had been fined $40 million via foreign exchange (FX) trading rigging charges, Juan Diego Martin, chief operating officer (COO) of Fonetic, reached out to FTF News to express his opinion about the matter. “Events like today show that missing any nefarious trader communications is no longer… Read More >>
More Asset Managers Will Offer ETFs: Q&A
(FTF News recently got time with Spencer Mindlin, an Aite Group analyst who focuses on capital markets, including exchange-traded funds (ETFs). For the Q&A, Mindlin tackles market structure and related issues. At the Performance Measurement Americas event, March 11-12 in New York, Mindlin will take part in the panel, “The New Burdens of ETFs.”) Q:… 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 >>
Firms Want More Electronic Fixed Income Trading: Survey
Electronic trading platforms that facilitate fixed income transactions are increasingly becoming the preferred execution avenues while sourcing liquidity is the most important factor when selecting a venue, according to the Liquidnet’s first Fixed Income Institutional Voice Survey with U.S. and European institutional traders. The survey finds that discussions around trading have moved toward an increase… Read More >>
ITG Expands TCA Service to Fixed Income Markets
Independent broker and financial technology vendor, Investment Technology Group (ITG) is expanding its transaction cost analysis (TCA) platform to serve the fixed income market as a way to help industry participants meet best execution and other regulatory requirements for MiFID II and other reporting regimes. The ITG’s new fixed income TCA support provides institutional investors… 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 >>
E.U. Kills LSE-Deutsche Börse Merger
On the same day that Brexit launched, the London Stock Exchange Group (LSEG) and Deutsche Börse have definitively called it quits after the European Commission prohibited the proposed merger, citing the potential of a monopoly in the markets for clearing fixed income instruments. The E.C. investigation “concluded the merger would have created a de facto… Read More >>
Broadridge Girds Post-Trade Arsenal via Third Acquisition
Broadridge Financial Solutions has acquired for an undisclosed amount post-trade specialist Message Automation Ltd., making this the third major company purchased by Broadridge in its bid to broaden its post-trade and data analytics capabilities. Broadridge’s previous post-trade related acquisitions were: In June 2016, Broadridge expanded its global securities financing and collateral management capabilities via the… Read More >>
