OMS Update Also Links to Dash ATS Dash Financial Technologies, an options technology and execution vendor, is launching a redesigned version of its order management system (OMS) for options trading that provides access to all routing and algorithmic execution tools such as the Sensor suite, the Dash Alternative Trading System (ATS), and an integrated volatility… Read More >>
EuroCCP Readies Post-Brexit Clearing for Three Venues
With the Brexit deadline less than two weeks away, European clearinghouse EuroCCP reports that it has the “necessary regulatory approvals” to offer post-trade services to the European Union-based entities of Aquis Exchange, Cboe Europe Equities, and Turquoise, a step intended to provide continuity for global trading groups despite the ebbs and flows of the U.K.’s… Read More >>
Major Players Test Blockchain/DLT for Margining
ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq report that they have successfully tested an implementation of distributed ledger technology (DLT) for a margin call between a global capital markets firm and a central clearing counterparty, earlier this month. The test was part of a joint proof of concept (POC) effort to explore ways to “make… Read More >>
Quantitative Brokers Taps IHS Markit for New CEO
Also Thomas Ascher is QB’s New Executive Chairman of the Board Quantitative Brokers has hired Ralf Roth, IHS Markit’s former equities division chief technology officer (CTO) to be its new CEO and named industry veteran Thomas Ascher to be the next executive chairman, officials say. Starting December 18, Roth will take the reins as CEO… Read More >>
Euronext Jolts Post-Trade Business
Euronext is shaking up its post-trade business with two senior appointments, naming Andre Simpson head of post trade at Euronext and Hugo Rocha a member of the managing board at Interbolsa with responsibility for commercial and sales activities, according to a statement from the exchange operator. Simpson’s appointment went into effect on August 18 while… Read More >>
Broadridge and Scivantage Tackle TARP III as SS&C Updates GoWire
Broadridge and Scivantage to Take on TARP III Broadridge Financial Solutions clients will gain access to the Maxit tax lot accounting system for cost-basis reporting from Scivantage, according to a strategic partnership targeting financial services firms that need help with so-called TARP III compliance, say officials from both companies. In April, the Internal Revenue Service… Read More >>
Lee J. Cutrone to Retire from Omgeo as Steve Sloan Leaves J.P. Morgan for the DTCC
Cutrone to Retire from Omgeo Lee J. Cutrone, managing director, industry relations at Omgeo, will be retiring at the end of this month, confirm official as the post-trade services provider. “He will be thoroughly missed—it is the end of an era,” says a spokesperson for Omgeo. Cutrone has been serving as a liaison between Omgeo… Read More >>
