Trading systems
Scrutiny and frictions follow EMS vendors into fixed income
Aggregators are facing resistance from venues and attracting the attention of regulators
Video interview: Pieter Entius, Flow Traders
Pieter Entius, head of trading at Flow Traders, discusses how Eurex Market-on-Close can deliver listed solutions for basis trading
Tradeweb video series part II: The future of the global fixed-income marketplace
Lee Olesky, Tradeweb's CEO, chats to Victor Anderson about the future of electronic fixed-income trading, the impact Mifid II is likely to have on the pan-European marketplace, and Tradeweb's recent move into the Chinese bond market.
Tradeweb video series part I: A look back at the past two decades
In part one of this two-part series, Victor Anderson and Lee Olesky, Tradeweb's co-founder and current CEO, discuss the changes that have occurred in fixed-income trading over the course of the last two decades, and how Tradeweb has helped shape the…
Accelerated MVA in triCalculate
The choice between building or buying an XVA system has recently been extended with the option to use a service to calculate valuation adjustments. Users supply their trade, credit curve and collateral data to the triCalculate service, and interact with…
Cloud control
Time-stretched energy traders are crying out for faster, smarter risk management systems. OpenLink has answered the call with its trading and risk management cloud that offers transformative possibilities to individual firms and the industry as a whole
A not-so-secret recipe for success: Beacon's cloud-based quant platform
The cloud-based quant platform offered by Beacon shares an architecture with the systems that sharpened Goldman Sachs and JP Morgan’s competitive edge. Chief operating officer Mark Higgins talks about how banks can deliver trading desk tools to their…
CFETS joins R3-led project
The number of participants has risen to more than 60 since its September 2015 launch
Non-banks push direct liquidity streams in US Treasuries
Dealers could save millions in broker fees and transaction costs, non-banks claim
Intraday Volatility Forecast for Dax, Euro Stoxx 50 and Euro-Bund
The capacity to forecast volatility – a key input for trading algorithms and risk methodologies – is enormously valuable for traders. November sees Deutsche Börse launch a new analytic that forecasts the direction and magnitude of volatility.
Technology – Solving the new equation of capital markets
Since the financial crisis in 2008, banks have seen an erosion of margins in their over-the-counter derivatives businesses as they get to grips with new regulations and risk measures. As market participants adapt to the new market structure, there are…
UBS, NYSE Tie-Up Looks to Corral Corporates' Shifting Liquidity
UBS's Kevin Arnold talks about the Swiss bank's latest move to connect Bond Port clients to more transparent credit pricing.
Dealers ditch the fax machine in structured products tech push
New technology is making more structured products available for direct purchase via platforms, reducing administration and settlement times, and potentially helping issuers to increase volumes. But whether automation will help to attract reluctant retail…
An innovative multi-asset solution for electronic trading
As part of Societe Generale's series of Meet the Experts presentations, Cecile Hervy, Pierre-Yves Philippon and Anthony Chen discuss electronic execution.
Asic calm over HFT impact but Australian buy-side lobby groups disagree
Securities regulator says it's taken an active approach to managing HFT risks but industry groups argue more needs to be done
Trading strategies via book imbalance
The imbalance between bid and ask orders in a limit order book tends to predict trade arrivals and price movements. Alex Lipton, Umberto Pesavento and Michael Sotiropoulos calculate probabilities of price movements given the level of book imbalance, and…
Beyond relational databases: a solution to data fragmentation
Data and analytical fragmentation have been risk management obstacles for decades, but efforts to overcome the problem have been rooted within the paradigm of relational databases. David Rowe argues moving beyond this framework holds the key to success
OTC trading platform of the year: Tradeweb
Two platforms appeared to take an early lead in the first few months of the Sef regime, but one – Tradeweb – won high praise from users for its responsiveness, customer services and technology
Latest developments in commodities trading systems
Commodity trading firms today continually seek opportunities to trade more and more commodity types, especially as profit margins are stressed and get thinner. André Jäger, senior vice-president, product management energy at OpenLink tells Risk how firms…
Sefs battle with confirmations after CFTC relief expiry
A second no-action relief period that exempted Sefs from issuing confirmations expired on November 29, leaving forex traders unsure whether Sefs can handle the requirement
Structural barrier to HFT participation in Asia OTC markets
Barriers include a lack of finalised rules and technology for scalable operations