Articles
SIX has announced that it is to establish a jointly owned company with Nasdaq. The new company, RF Nordic Express AB, will build and operate microwave routes for the transmission of market data from Stockholm to London.
SIX owns and operates the largest microwave network in Europe. Earlier this year it took a majority stake in 12H AG, the operator of its microwave network. This network allows all SIX trading participants to access low-latency market data transmission from Zurich to London, Frankfurt and Milan as well as from Milan to Frankfurt and London.
ESMA launches a public consultation to crack the uncrackable problem of how pensions funds participate in clearing whilst CCPs only accept cash for variation margin
Cassini Systems Establishes Presence in APAC with New Office in Sydney to Serve Regional Buy-Side Community
David White has moved to CloudMargin to take on the role of Chief Commercial Officer.
Get your free copy of the LIBOR Risk Report (from Risk.net) with vital insights into the move away from LIBOR
Although algos have been almost universally adopted by the sell-side, Greenwich Associates has published a new survey which shows that only 37% of FX market participants (buy- and sell-side) in the US and Europe use algorithmic trading. Of those that do, only 22% of their overall volume is traded using algos.
By comparison, almost half of all equities trading volume (46%) is now executed through either direct market access (DMA,) smart order routing or algorithmic trades.
In this week's Future Focus we speak with Abdullah Hiyatt, CEO and Co-Founder of THETA Trading Technologies, about the changing requirements of the buy-side, the inflexibility of incumbent vendors' solutions, and the need for a modular and flexible technology infrastructure to increase efficiency, flexibility and transparency.
OTC - What are the key technology issues faced by the buy-side?
Life in the workplace has changed dramatically in the space of just one month. Recognizing that this mostly applies to workers in traditional "office jobs”, i.e., those easily transitioned to a work-from-home setup - I thought I’d take a look at how we’re being affected from the traditional viewpoints - from the perspective of People, Processes and Technology. I’ll talk about these in separate posts.
Part 1 - People
SIX and Crux Informatics are working together to provide a managed market data solution, which enables buy-side firms to focus on core activities without having to manage complicated technical integration.
A new regulatory timetable is starting to emerge due to Coronavirus (COVID-19). The recent announcements of a delayed commencement to SFTR (Securities Financing Transactions Regulation) could cause a bottleneck for firms due to timelines clashing with the CSDR (Central Securities Depositories Regulations) and Uncleared Margin Rules (UMR) over the next two years.
Although there has been a great deal of noise about the potential of crypto and how some institutions are adding these assets to their portfolios, a recent survey highlights that 80% of traditional trading institutions are yet to enter this market.
In this post I will look briefly at each crisis as I remember the impacts on the markets and the way trading desks adapted to the circumstances.