Trading Technology

Latest Headlines

Latest Headlines

Nasdaq launches API-independent testing platform

Nasdaq has launched a new testing platform to help exchanges, clearing houses and central securities depositories conduct quality assurance and speed the time to market of new tools. The platform, called Nasdaq Validator, is an API-independent testing platform offering both manual and automated test tools for the capital markets industry.

OpenBondX rolls out bond version of maker-taker incentives

Electronic bond trading platform OpenBondX (OBX) is looking attract liquidity to its newly launched market using an equity market technique: incentive-based pricing. In what it calls a twist of the maker-taker rebate pricing model used in the equity markets, OBX will incentivize initiators of order flow with rebates that are built into the trade's settlement.

CME to close New York trading floor as automated trading continues to eclipse open outcry

CME Group announced Wednesday that it will close its New York trading floor by the end of the year as open outcry trading volumes have continued to decline. All options products traded on the New York floor will be available for trading on CME Globex, the company's electronic trading platform.

JPMorgan, ICAP and Barclays support Cloud9 through investment, product trials

Along with their investments, the three firms are scoping and beginning trials of the technology for use on their own trading desks.

BNP Paribas plans blockchain register to support equity crowdfunding

BNP Paribas Securities Services is partnering with French equity crowdfunding platform SmartAngels to develop a blockchain-based share register to allow private companies to issue securities. The platform, expected to launch in the second half of the year, will also allow investors to access a secondary market for trading shares.  

Bats announces IPO, could value company at $1.8 billion

Bats Global Markets announced the launch of its initial public offering Monday, with a price per share expected to be between $17 and $19. The offering, which could value the company as high as $1.8 billion, comes as the U.S. IPO market has seen its slowest start in seven years.

Citi virtual reality prototype enables traders to walk around holograms of data

Citi is looking at trading data in a whole new way with a prototype of a virtual reality application that enables traders to build holograms of graphical data. The prototype application was built by virtual reality design firm 8ninths using Microsoft's HoloLens platform.

Broadridge deal with LiquidX aims to grow e-trading of receivables and other illiquid instruments

LiquidX, the startup e-trading platform for trade finance instruments, received a boost of support this week when it was announced that Broadridge Financial Solutions invested in the platform as a strategic partner. What will start as a marketing alliance is expected to eventually include product integration and collaboration on expansion into other illiquid asset classes, the two companies say.

Former IPC executives reinvent turret technology in the cloud

Trading turrets have been around for decades, but a group of former turret industry executives thinks the model is ready for an overhaul.

CME agrees to sale-leaseback of its data center with third-party provider

CME Group has agreed to sell its suburban Chicago data center in Aurora, Illinois, to global data center provider CyrusOne. Under the terms of the deal, CyrusOne will pay $130 million for the data center, and CME Group will sign a 15-year lease to continue operations from that facility.