Trading Technology

Latest Headlines

Latest Headlines

Tradeweb launches US ETF trading platform

Tradeweb has launched an electronic over-the-counter marketplace for trading exchange traded funds in the U.S. The request-for-quote based platform is modeled after a platform Tradeweb successfully launched in Europe in 2012.  

Credit Suisse cuts bonuses and 4,000 jobs after posting large loss

Credit Suisse is taking more aggressive cost savings measures after restructuring charges contributed to a loss of billions of dollars in the fourth quarter. The firm says it will cut bonuses and 4,000 employees in new cost-saving measures.

IPC says it has closed Etrali acquisition, and readied combined solution

IPC, the global provider of communications software and solutions for financial firms, announced that it completed its acquisition of competitor Etrali Trading Solutions. The company says it has already readied a combined solution that encompasses both IPC and Etrali communications products and solutions, as well as Etrali's compliance expertise.

ICAP plans to offer sponsored access to buy-side firms

ICAP is planning to roll out a new service through which buy-side firms would access ICAP's inter-dealer liquidity pool through sponsorship by a dealer. The service, which will be offered initially in credit markets, is intended to address some of the liquidity challenges the credit markets are facing, an ICAP executive said during a conference panel last week.

BATS Hotspot's answer to fragmented FX market: Customized liquidity pools

Hotspot, the foreign exchange market owned and operated by BATS Global Markets is launching a new service designed to help its clients navigate the fragmented FX markets. Using Hotspot Link, market participants will be able to design relationship-based liquidity pools to meet specific trading needs.  

ICE appoints execs to oversee Interactive Data, acquisition and integration planning

Intercontinental Exchange (ICE) has shuffled its management team to give executives oversight on the newly acquired Interactive Data and the company's acquisition and integration strategies. Lynn...

KCG reportedly plans to exit retail options market making

KCG Holdings is reportedly exiting a business that trades options for retail brokerages. The firm is trying to sell technology used in those operations to other market-making firms, according to...

CBOE to roll out next generation trading platform in late summer

CBOE Holdings is preparing to roll out a next generation trading platform late in the second quarter, beginning with its CFE futures exchange. The new platform and trading engine will "leapfrog" the existing platform in speed and agility, CBOE executives said.

Startup targets nonprofits with algorithmic passive investment strategies

In recent years, automated finance solutions have cropped up to serve many of the markets underserved by banks, from millennial investors to small businesses. But startup Meritam Investment Advisors sees opportunity in one more overlooked space holding trillions in investments: nonprofits.

Bloomberg releases API and online tools to boost open source FIGI

Bloomberg is adding new features to increase the accessibility of its FIGI open source financial instrument identification system. The new online tools are intended to make it easier for instrument issuers to request identifiers and for exchanges, data providers, custodians and others to map other third-party identifiers to FIGI.