This Week: Charles River, Broadridge/IBM, Dash, TT, GAM/SimCorp

Charles River Integrates ChartIQ for Trade Decision Support

Charles River Development has integrated ChartIQ with its Charles River Investment Management Solution (Charles River IMS) to provide institutional traders with visualization tools.

ChartIQ’s advanced charting tools are data-agnostic, customizable, and can be integrated on any desktop, tablet, mobile, or web-based platform. The solution helps traders conduct pre-trade technical analysis, gauge in-trade market impact, and better understand post-trade execution quality. 

Charles River says that by integrating with solution providers like ChartIQ, its order and execution management system (OEMS) allows traders to be more productive in their trading and de-risking decisions across asset classes.

Broadridge Advances Cloud Strategy with IBM

Broadridge Financial Solutions and IBM Services are collaborating to provide new cloud-based solutions to Broadridge’s financial services clients. First, Broadridge will create the Broadridge Private Cloud, supplied by IBM, and will subsequently transition a significant portion of its global infrastructure to IBM. 

IBM will help modernize Broadridge’s infrastructure to provide automated private cloud services for its critical workloads. Broadridge will have new application development capabilities, which will help it accelerate its product roadmap. IBM will assist with design and migration services. 

By leveraging IBM’s open-source capabilities, Broadridge says it will allow for product flexibility. Also, by implementing the Red Hat OpenShift platform, Broadridge can manage workloads across its overall hybrid cloud infrastructure. 

Dash Financial Launches Dash ATS

Dash Financial Technologies has launched an enhanced liquidity solution, called Dash ATS, within its agency listed-options routing suite, Sensor. Dash ATS is an alternative trading system (ATS) designed to solve liquidity sourcing challenges in the US-listed options market. 

Using Dash ATS’ automated request-for-quote (RFQ) process, a diverse network of market makers and liquidity providers can respond to client orders with their quotes. When the RFQ response improves the national best bid and offer, either in price or size, the ATS automatically pairs the interest before routing to an exchange for execution. It supports both single-leg and complex options transactions and is combined with real-time analytics and data visualizations through the Dash360 web portal. 

Trading Technologies Launches Connectivity to Crypto Exchange Deribit

Trading Technologies (TT) has launched connectivity to Dutch cryptocurrency futures and options exchange Deribit. Through the TT platform, Deribit-eligible users will have access to all listed products—bitcoin and ethereum futures, and perpetual and options contracts.

Users will also have access to TT’s full suite of professional-grade tools, including advanced order types, Autospreader, ADL, charting and analytics, the MD Trader static price ladder, and the TT mobile app for Android and iOS. This is on top of the ability to trade cryptocurrencies on the same screen as derivative products from nearly 50 futures markets globally. Including Deribit, TT now supports five crypto-only exchanges. 

Blockchain.com Exchange Adds API for Algo Crypto Trading

Crypto exchange Blockchain.com Exchange has opened Exchange API to allow cryptocurrency traders to trade programmatically, build bots, and access its markets 24/7. With the Exchange API, traders can place orders and send cancellations, as well as stream market data, last trades, balance updates, and volume and price information. 

The Exchange API is the latest addition to the suite of APIs it has provided for developers, on top of its original bitcoin API. Once integrated, traders can engineer automated trading algorithms to execute trading strategies regardless of traders’ availability.

Exablaze Launches New Network Adapters for Low-Latency Trading

Exablaze has launched two new network adapters, ExaNIC X25 and ExaNIC X100, to provide speed improvements for sending and receiving messages, and to allow trading desks and firms to future-proof their network interface cards (NICs). This is achieved by using flexible field-programmable gate array (FPGA) technology.

According to internal benchmarks, the NICs run approximately 20%, or over 100 nanoseconds faster, than other low-latency optimized NICs. FPGA-based NICs can be upgraded and customized after installation. Cisco recently announced plans to acquire Exablaze, including its ExaNIC product portfolio. The ExaNIC X25 is available now, while the ExaNIC X100 is expected to ship in the first quarter. 

GAM Partners with SimCorp to Consolidate Front- and Middle-Office Systems

GAM Investments has signed a new long-term license agreement with SimCorp to consolidate its external front- and middle-office systems onto one platform. GAM will use SimCorp Dimension as its core front-office platform and investment book of record. 

It will also use SimCorp Gain for enterprise data management, while SimCorp Coric will be its new client communications and reporting solution. A full strategic update will be explained during GAM’s 2019 annual results announcement on February 20.