A voice communication and networking solutions vendor, IPC has made an investment in GreenKey Technologies, maker of natural language processing offerings, that will give IPC exclusive rights to GreenKey’s machine learning voice technologies, officials say. Both vendors decline to disclose the amount of the “strategic investment.” The IPC investment follows closely a two-year, co-development effort… Read More >>
GreenKey Aims Speech-to-Text System at MiFID II
The U.S. Patent and Trademark Office has issued a second patent to vendor GreenKey Technologies for its speech-to-text IT system now used to meet MiFID II requirements for gathering voice orders and quotes related to transaction executions. The second patent covers the speech-to-text capabilities, which exploit artificial intelligence (AI) technologies, found in the GreenKey Scribe,… Read More >>
BNY Mellon Fills Top EMEA and MENA Positions
New EMEA Head for BNY Mellon Markets & New Corporate Trust Head for MENA BNY Mellon has appointed Dan Watkins as head of BNY Mellon Markets in Europe, the Middle East and Africa (EMEA), and appointed Paul Farrell as head of sales and relationship management for corporate trust in the Middle East and North Africa… Read More >>
CFTC Puts Nymex, Comex Through Rule Enforcement Tests
CFTC Finds One Area for Improvement A rule enforcement review of the New York Mercantile Exchange (Nymex) and the Commodity Exchange (Comex) by the CFTC’s Division of Market Oversight has yielded a recommendation that both exchanges institute a better way to monitor position limit exemptions. Market participants can exceed position limits as long as they… Read More >>
Tullett Prebon Buys CME’s Hybrid Trading IT
Interdealer broker Tullett Prebon is acquiring from CME “a long term license of a hybrid trading technology” that it will further develop internally “to provide bespoke, proprietary, customer-facing capabilities,” officials say. Tullett Prebon has been busy lately, having purchased the hybrid, U.S. voice-broking business operations of Creditex from the Intercontinental Exchange (ICE), and before that… Read More >>
Vestmark Gets $30 Million Cash Infusion
Summit Partners Invests $30 Million in Vestmark Vestmark, a software as a service (SaaS) provider of unified wealth management solutions, recently closed a $30 million dollar investment from global growth equity investor Summit Partners, officials say. Vestmark officials say they will use the new funding to accelerate growth by increasing investment in sales, marketing, and… Read More >>
GreenKey and Symphony to Test App for Capturing Voice Quotes
Symphony to Integrate Greenkey App into Messaging Startup GreenKey, creator of “an extremely thin web application” for voice-based collaboration among financial services firms, is releasing a pilot version of a “voice quote capture” application. It will be available for enterprise clients of messaging vendor Symphony Communication Services for a pilot test, say officials from both… Read More >>
FinTech Innovation is Revving Up: FTPartners
A new report from financial technology-focused investment bank FTPartners says the sector is roaring back to life after years of stagnation, a trend with major implications for financial communication networks and the adoption of big data in compliance, among other areas. The report, “Innovations in Capital Markets Technology,” corroborates observations by other media outlets and… Read More >>
