Singapore Exchange Reorganizes and Shuffles Personnel The Singapore Exchange (SGX) reports several recent changes to its personnel and organizational structure, including the consolidation of sales and product units —equities and fixed income, derivatives, and market data and connectivity (MDC) — to “improve operational efficiency,” according to a statement. The new structure also will consolidate SGX’s… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
Fidessa Compliance Platform Includes Post-Trade Suite
London-based electronic trading platform and services vendor Fidessa has released Sentinel Trading Compliance, a platform aimed at helping asset managers “consolidate, monitor and control” trading operations and risk, and which offers a post-trade monitoring suite, officials say. The new platform is intended to combat the risk associated with securities operations and to help firms struggling… Read More >>
Fidessa Partnership Program Open to Post-Trade Vendors
London-based electronic trading platform and services vendor Fidessa has launched a Partnership Program for selected third parties to integrate their wares with Fidessa’s trading workflow platform, and the program is open to post-trade services and systems providers. “We are exploring partnerships across all areas of the customers’ workflow and as part of that we have… Read More >>
Fidessa Rolls Out Analytics for Derivatives
FinTech vendor Fidessa has just launched a new order analytics service for derivatives transactions, officials say. Fidessa’s Order Analytics aims to provide “greater precision to the control and measurement of derivatives [algorithms],” a company statement says. The service is fully integrated with Fidessa’s global futures and options trading platform, which will enable users to monitor… Read More >>
Fidessa Names Head of European Sell-Side Sales
Fidessa, the London-based electronic trading platform and services vendor, has hired Peter Holmgren as its new head of business sales for sell-side trading systems in Europe, officials say. In his new role, Holmgren will be responsible for sales across all asset classes to the European broker community, officials say. He will be based in Fidessa’s… Read More >>
Former Pipeline Trading Exec Joins Fidessa
London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… Read More >>
European Firms Weather T+2 Storm
The sun came up and the world was still standing after European firms made the switch from a settlement cycle of trade day plus three days (T+3) to trade plus two days (T+2) — something that had once seemed impossible to some. For many firms, the transition went off without a hitch. Other firms have… Read More >>
Fidessa to Offer Link to Mainland China
Trading systems and services vendor Fidessa reports that five Hong Kong-based brokers are in the first group that will be using Fidessa for the forthcoming Shanghai-Hong Kong Stock Connect (aka, China Connect) link when it goes live in mid-October. The China Connect program will “open up access to mainland China by allowing offshore investors to… Read More >>
Can the U.S. Catch up to Europe in the T+2 Race?
What if the FIX electronic trading protocol gains ground in Europe as a unifying link for trade affirmations between the front and middle offices as Steve Grob, director of group strategy for the Fidessa Group, the subject of a Q&A for FTF News this week is suggesting? If he’s right, could Europe outpace the U.S…. Read More >>
