Trading Technology

Latest Headlines

Latest Headlines

ParFX currency platform designed to mitigate HFT, welcomes Virtu

ParFX, a currency platform designed to limit some of the effects of high frequency trading, has launched a new prime brokerage service that will allow buy side firms to trade through their prime brokers. Some of the first trades using the new service were made by HFT company Virtu Financial.  

Deutsche Borse-backed Bondcube trading platform set to go live in November

Bondcube, an all-to-all bond trading platform that received backing from Deutsche Borse earlier this year, is planning to go live in November subject to regulatory approval in the US and UK,  Financial News is reporting.  

BATS Global Markets begins president search

BATS Global Markets has quietly begun searching for a new president less than two months after the abrupt departure of William O'Brien, the Wall Street Journal is reporting. O'Brien had been...

Bitcoin derivative trading to launch on TeraExchange

Six months after designing the structure of a swap for hedging the price of bitcoin, Tera Group announced it has won regulatory approval for trading bitcoins on its swaps execution facility TeraExchange. TeraExchange's new platform for trading bitcoin derivatives includes a newly-developed Tera Bitcoin Price Index and will trade U.S. dollar bitcoin non-deliverable forward swaps.

ICE adds HCH to growing collection of clearinghouses

Intercontinental Exchange has agreed to make a strategic investment in Holland Clearing House (HCH) a derivatives clearinghouse based in Amsterdam that will be the company's first clearing house in continental Europe. The HCH investment, along with ICE Clear Singapore, which is being developed for launch in several months, signals the broadening global reach of ICE's clearing business.

Traders say derivatives trading is more transparent and more costly

The sweeping changes to the over-the-counter derivatives market ushered in by the Dodd-Frank Act have made trading more transparent, but also more costly, according to results of an International...

BGC offers to outbid CME for rival interdealer broker GFI

BGC Partners, the second largest interdealer broker by market capitalization, announced late Monday a $675 million all-cash bid to buy rival GFI Group. The bid challenges an agreement reached earlier this summer through which GFI Group would be acquired by Chicago exchange operator CME Group. BGC's offer represents a 15 percent premium over the CME agreement.

KCG agrees to sell its futures business to Wedbush Securities

KCG Securities has agreed to sell KCG Futures to Wedbush Securities Inc. KCG Futures, a registered Futures Commission Merchant, provides futures execution, clearing and custody services. Terms of the deal were not disclosed and the deal is expected to close by year end.

ITG to launch bond dark pool by year end

Investment Technology Group, an operator of equity dark pools, plans to enter the bond market space by year-end with the launch of a fixed-income dark pool called Posit FI. The company plans to run its first tests of the new system in October.

IEX raises financing, prepares to start exchange push

Equities trading venue IEX, which gained attention through the Michael Lewis bestseller "Flash Boys," announced that it has raised $75 million for its effort to become a regulated exchange. The company has reportedly already begun the registration process to apply for exchange status.