The Royal Bank of Canada’s brokerage arm is literally opening up a world of opportunities for investors, officials say. RBC Direct Investing’s new offering is slated to provide online trading access to international markets, including the London Stock Exchange, Hong Kong Stock Exchange, Frankfurt Exchange, and Euronext Paris, as well as eight global currencies, including… Read More >>
CQG Founder Transfers Ownership to Senior Executives
A group of senior executives at trading software provider CQG has acquired the privately held company from owner Tim Mather, who founded the company in 1980, officials say. Mather and Ryan Moroney, the current CEO of CQG, have been “focused on a transition plan when he was ready to step away that would put the… Read More >>
Charles River IMS Links to LTX And Other Briefs
Charles River IMS Uses LTX to Bolster Bond Trading LTX, an A.I.-enabled corporate bond trading platform from Broadridge Financial Solutions, has been integrated with an established offering — the Investment Management Solution (IMS) from Charles River — in order to offer end-users better liquidity aggregation and improved workflows, trade transparency, and price discovery, officials… Read More >>
Money Laundering Analysis Needs AI & ML: Q&A
(Editor’s note: False positives are a problem for financial services firms implementing know your customer (KYC) and anti-money laundering (AML) systems, says Arin Ray, a senior analyst with the Securities and Investments practice of market research firm Celent, a division of Oliver Wyman. Ray is the author of the recent Celent report, “Applying Advanced Analytics… Read More >>
Traiana Aims Post-Trade Service at Equity Swaps
Traiana Targets Ops Efficiency & Settlement Risk A service to automate key post-trade stages of equity swaps processing has been launched by Traiana, an infrastructure solutions provider for trading and risk management. The vendor wants to automate “manual, labor intensive and inefficient” post-trade affirmation, officials say. The new Equity Swaps Lifecycle Management offering “normalizes data… Read More >>
CFTC & SEC Spotlight Crypto-Fraud Websites
Although crypto currencies may yield many surprising benefits, one of the oldest rules of commerce still applies to investing and trading in digital assets — if it seems to be too good to be true, it might be. That is the essence of a guidance, “Investor Alert: Watch Out for Fraudulent Digital Asset and ‘Crypto’… Read More >>
Buy Side Grapples with Electronic FX Execution: Q&A
(BidFX, a provider of an execution management system (EMS) for global foreign exchange (FX) markets, recently made news when the Singapore Exchange (SGX), Asia’s largest FX marketplace, acquired a 20 percent stake in the TradingScreen company. The stake includes an option for additional shares to gain a controlling interest, for a total cash consideration of… Read More >>
A.I.’s Rise Will Put Wall Street Jobs at Risk: Report
This may make for uncomfortable reading in sell- and buy-side circles, but by next year, around 75 percent of banks and other financial services firms will either explore or implement artificial intelligence (A.I.) technologies to boost productivity and lower costs, according to a new report from market research firm Greenwich Associates, “AI: The Coming Disruption… Read More >>
Global Stock Exchanges Steam Ahead
Despite political and economic uncertainty, global stock exchange groups have powered through, generating strong results in the first half of 2017. Total revenues hit $14.7 billion, up 4.1 percent from a year earlier and an annual record is expected to be set by the end of the year, according to a recent report from consultancy… Read More >>
ICE Expands Reach of NYSE Trading Floor
The New York Stock Exchange (NYSE) is expanding its floor-based transaction operations so that by the end of this year the venue will trade 8,600 U.S. listed securities — including exchange traded products (ETFs) — facilitated by the migration to an integrated trading technology platform NYSE Pillar. The expansion plans of NYSE, which is owned… Read More >>
