In part 2 of our discussion with John Read we cover four new topics which supplement part 1 of our chat. Running the trading and post-trade infrastructure is always under cost pressure - but from what directions? How do firms measure whether they are efficient, like measuring cost per trade to process but more broadly. When firms embark on large scale change or transformation, how do staff members react? And of course why not move everything to the cloud?
LedgerEdge, the next-generation ecosystem for trading, announces the appointment of Michelle Neal as CEO of US operations.
This appointment will support the US expansion of the firm, which is rolling out a global corporate bond trading platform built on distributed ledger technology.
With constant innovation in software and hardware competition between trading firms brings challenges, risks and opportunities. We all know that FinTech firms keep delivering new ways to handle trading and risk management, often quicker than larger 'package' vendors and internal corporate IT departments. Your Trading Operating Model, the combination of people and systems is an asset to be nurtured and sometimes entirely transformed to stay competitive.
The OTC Space met with John Read founder of Prodktr to talk about the trading operating model including:
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, is partnering with LDA Technologies, the leading vendor of ultra-low latency FPGA products, to deploy FPGA-enabled devices across its network, further reducing latency and enabling high frequency, algorithmic trading firms to improve their trading performance.
ipushpull, the real-time data sharing and workflow platform today announced that BNP Paribas have implemented PPQ standardised messaging to streamline their manual workflow around non-standard, complex trades, for their global asset manager community.
The FIX Trading Community and the Global Digital Asset & Cryptocurrency Association, each recognize that their complementary efforts can be strategically combined to further promote standardization for trading digital assets.
TradingHub, a trade data analytics provider to the financial services industry, announced J.P. Morgan’s Securities Services will offer TradingHub’s Trading Analytics solutions, including their new Transaction Efficiency and Accuracy Monitor (TEAM) solution to its institutional clients through its open data and analytics platform.
SoftSolutions!, the developer of high-performance mission-critical trading technologies and TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, have partnered to provide clients with a complete cloud-based trading service with connectivity to multiple Fixed Income trading venues.
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that the U.S. Securities and Exchange Commission (SEC) has approved the DTCC Data Repository (U.S.) LLC (DDR) application to operate as a registered security-based swap data repository (SBSDR).
Average daily volume (ADV) for the month was $896.8 billion (bn)1, an increase of 17.5 percent (%) year over year (YoY). Average daily trades for the month totaled 57,837.