EBS Direct to Use FIX 4.4 API EBS BrokerTec, the electronic foreign exchange (FX) and fixed income business group of interdealer broker ICAP, reports that end-users can connect to its FX platform — EBS Direct via a FIX version 4.4 application programming interface (API). The Financial Information eXchange (FIX) protocol for electronic trading is overseen… Read More >>
National Stock Exchange Announces Its Resurrection
After closing for 17 months, the National Stock Exchange (NSX) is in the final stages of relaunching a national securities exchange for trading equity securities and exchange-traded fund (ETFs) with a strategy to become “the leader in low-fee market access,” say NSX officials. The low-fee strategy is intended to drive higher levels of activity than… Read More >>
Former PIMCO Investment Exec Launches Consultancy
Maisonneuve Founds Financial Consulting Firm Virginie Maisonneuve, a former chief investment officer for equities at PIMCO, as the Pacific Investment Management Company is known, has founded Maisonneuve Global Advisors (MGA), where she is managing director. Maisonneuve is also a director at London-based Notting Hill Digital, which specializes in advising companies about Internet technologies, and is… Read More >>
ICE to Buy Interactive Data for $5.2 Billion
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has entered into a definitive agreement to acquire market data and systems vendor Interactive Data Corp. for $5.2 billion in the hope that the combined company will be able to offer efficient data access via an integrated platform for analysis, valuation and connectivity… Read More >>
ISDA and ICE Take On Margining for Non-Cleared Derivatives
A key subsidiary of the Intercontinental Exchange (ICE), the owner of NYSE and other exchanges, has been tapped by the International Swaps and Derivatives Association (ISDA) to help market participants meet new margining rules for non-cleared derivatives through the usage of a crowdsourcing utility. By reaching out in this way, the ICE Benchmark Administration (IBA)… Read More >>
Firms Shrug Off NYSE Trading Halt
Market participants weren’t phased by the widely publicized trading halt last week via the New York Stock Exchange (NYSE), according to a recent survey showing that positive perceptions of the soundness of market infrastructure is the highest it’s been since the Flash Crash. The survey, “What Glitch? Market Structure Confidence Highest Since Before Flash Crash,”… Read More >>
Some Upsides from the NYSE Trading Halt
As of this posting, the New York Stock Exchange (NYSE) has resumed trading in equities and my heart goes out to those working in operations and IT at affected firms. These Ops foot soldiers will have to reconcile, track, record and reconstruct transactions that were caught short by the three-and-a-half hour systems halt on Wednesday,… Read More >>
NYSE Resumes Trading After Three-Hour Suspension
The New York Stock Exchange (NYSE) resumed trading Wednesday (July 8) afternoon after suspending trading for three-and-a-half hours when officials realized that IT system glitches were impacting transactions. Exchange officials announced at 3:14 p.m. that trading had resumed at 3:05 p.m. for NYSE MKT for primaries only, and at 3:10 p.m. for NYSE and NYSE… Read More >>
IPO Could Streamline SunGard, Sources Say
Initial reactions among key industry sources about media reports that SunGard will be returning to the public arena are positive, with sources saying that the scrutiny from new investors will streamline the FinTech giant and make it more agile in response to the needs of its customers. The Wall Street Journal reported yesterday that SunGard… Read More >>
How Bitcoin’s ‘Blockchain’ Could Shake Up Ops
Swiss bank UBS recently established a FinTech innovation lab that will primarily focus on investigating the applications of cryptocurrency Bitcoin’s underlying technology to the financial services industry. The move is the latest step in what industry observers see as the clear-eyed and widespread acknowledgement by large financial services firms of the technology’s disruptive potential, particularly… Read More >>
