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 >>
FIX Group Pushes Best Practices for Bond Trading
The FIX Trading Community, a non-profit, industry-driven standards body, has announced the creation of a set of recommended best practices for the use of FIX electronic trading standard to exchange pre-trade information in the bond markets, officials say. The Global Fixed Income Subcommittee members are currently reviewing the draft and expect a final release later… Read More >>
Special Report: FIX Moves Into Post-Trade Processing
Buy- and sell-side firms are reassessing their post-trade infrastructures and looking for cost-effective ways to streamline operations. Firms are finding a new ally in their post-trade quest: the venerable FIX protocol, which is extending nicely from the front office into middle office functions. Technology vendors and service providers are moving fast to meet a growing… Read More >>
Could FIX Disrupt Post-Trade Processing?
Buy-side firms and vendors in the U.S. are exploring extensions of the FIX protocol to post-trade processes. But stretching FIX in this way will stir up battles over standard and proprietary protocols and whether post-trade processing should be done locally among firms or through a centralized matching system. The outcome of these battles may determine… Read More >>
