In other FinTech news, Rival Systems access ICE Futures Markets, Citadel Securities expands DMM reach, and the EDM Council pushes DCAM.
eBroker Systems to Integrate ITRS Geneos
High performance trading and risk solutions vendor eBroker Systems reports that it will be integrating the application, process and infrastructure monitoring Geneos system from ITRS into the eBroker trade and risk management platform as an effort to offer a series of crucial performance metrics.
The agreement will enable Geneos to monitor eBroker’s deployed and hosted trading platform, officials say. The arrangement enables ITRS to expand its presence in the Chinese and Taiwanese markets, says Mark Loader, ITRS’ Asia-Pacific managing director.
“Our trading platform is a critical tool for many financial institutions so we are thrilled to add Geneos’ real-time monitoring to our offering. It will promote constant uptime and give our clients the ability to act immediately on any issues,” says Catar Liu, director, eBroker Systems, in a prepared statement.
Based in Hong Kong, eBroker Systems serves the Greater China region. With the new partnership, eBroker officials say that clients will have visibility across the following areas:
- Latest order execution status per dealer;
- Total number of online/offline users;
- Process status and resource utilization;
- Web server status and exceptions;
- TCP connections and their send and receive rates;
- And server health and performance
Users will also be able to filter this data based on rules and thresholds, according to eBroker Systems. Automated action and notifications can be configured in response to these parameters in order to avoid a number of common problems.
He commented that “the partnership brings ITRS into a new customer segment, the 2-tier brokerages and securities firms in the Greater China region. It’s a great opportunity for both companies as Geneos will bring clarity on the health of the application’s status, in real-time, to eBroker’s customers. At the same time, eBroker’s support desk will have an enhanced workflow, which will significantly shorten troubleshooting times.”
ITRS officials say they are integrating the two systems and expect to have a production-ready link next month.
Rival Systems Debuts Access to ICE Futures Markets
Chicago-based trading systems vendor Rival Systems has debuted access to ICE Futures U.S. and ICE Futures Europe products via the Rival Trader platform, vendor officials say. The platform will facilitate access to a wide range of futures and options on futures trading through those exchanges.
“The addition of ICE Futures allows our users to incorporate important products into their strategies, from Russell indexes, to crude oil and natural gas, to soft commodities,” says Robert D’Arco, CEO of Rival Systems, in a statement.
Launched last year, Rival Systems offers Rival Trader, a sophisticated derivatives trading system; Rival API, an algorithmic strategy development framework; Rival Risk, an enterprise risk management tool; and support, training and service.
Citadel Securities Buys DMM Business from KCG
Liquidity provider and market maker Citadel Securities has claimed the title of “the largest footprint on the NYSE” with the purchase earlier this month of designated market maker (DMM) business of KCG Holdings. The acquisition will establish Citadel Securities as the DMM overseeing trading for “approximately 1,500 issuers,” Citadel officials say. No financial terms were released about the transaction, which is expected to close during the second quarter of 2016.
The acquisition is key to an “aggressive expansion plan” to reach out to institutional and retail investors, said Jamil Nazarali, head of Citadel Execution Services, in a statement.
DMMs oversee client issues in an effort to “maintain fair and orderly markets,” and they play “an important role in facilitating price discovery, minimizing volatility and ensuring liquidity,” Citadel officials say.
EDM Council Lines Up Partners for DCAM
The EDM Council is lining up participants for the DCAM Authorized Partner Network, including Capgemini Consulting, Citisoft Inc., Cognizant, Deloitte Consulting, Element22, Epsilon, Ernst & Young Global Ltd., First San Francisco Partners, GFT Technologies, Hatstand, Kingland Systems Corp., Nomura Research Institute Ltd., Ortecha Ltd., PwC, Sapient Global Markets, Tech Mahindra and Target State Technology Consulting.
To join the DCAM Authorized Partner Network, organizations must have executed license agreements with the EDM Council to use the Data Management Capability Assessment Model (DCAM), EDM Council officials say.
The DCAM specifications are used to assess the current state of programs and are designed to ensure that data is “defined, harmonized and managed as fit for all its intended purposes,” officials say. DCAM was created on a collaborative basis by the global members of the EDM Council as a standard set of evaluation criteria for measuring data management capability.
“The assessment methodology was created as part of the coordinated work of banks and other financial institutions to align data across multiple internal repositories in order to operate more efficiently and meet regulatory requirements for both transparency and risk aggregation,” says Michael Atkin, managing director of the EDM Council, which is a non-profit trade association.
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