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The Trading Mesh

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Digital transformation - when business & technology go hand in hand

November 27, 2015 by The Realization Group   Comments (0)           

In this article, Mike O’Hara and Adam Cox of The Realization Group explore opportunities for financial services firms to undergo digital transformation, a concept some companies have thus far been slow to embrace. The benefits are proven in other sectors, but banks and other financial firms have been cautious about adopting many of the new technologies that make transformation possible. What’s holding them back, how can they overcome those hurdles and what advantages can...

The train on platform MiFID 2 is delayed by one year

November 26, 2015 by Fidessa   Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob

Not surprising to see that it now looks odds-on that we’ll get a full one year delay on the implementation of MiFID 2. This will embarrass the politicians who don’t want to be seen as going soft on those “wreckless” bankers, but I assume Jo Public will have forgotten all about this by the time they’re up for re-election in...

Trading with Determinism

November 23, 2015 by xCelor LLC   Comments (0)           

By Rob Walker, CTO, xCelor On a big market move, traders need move their orders as quickly as possible to avoid being ‘run over’. The instructions moving orders need to travel from the trader’s systems to the exchange’s systems as quickly as possible. But you have a low-latency switch, so this should not be an issue, right? Wrong. Even with the lowest-latency, full-service switch on the market, you still have a chance of getting run over. Why? The answer is...

[Video] Emerging Markets Trading Hubs - Bringing the Market to the Liquidity

November 23, 2015 by The Realization Group   Comments (0)           

Financial Markets Insights - Robert Bath of Digital Realty, Hirander Misra of GMEX Technologies and Stuart Turner of Avenir Technology speak to Mike O'Hara about a radical new concept in trading: The Emerging Markets Trading Hub.By linking far-flung exchanges from a neutral site in a developed market location, The Emerging Markets Trading Hub essentially brings the market to the liquidity rather than the other way around, revolutionising the relationship between venues and the investors who...

[Video] Stephane Tyc at STAC London 2015 with Mike O’Hara from the Trading Mesh

November 18, 2015 by McKay Brothers   Comments (0)           

Stephane Tyc, Co-Manger of McKay Brothers and Quincy Data, discussing Microwave adoption in Europe with Mike O'Hara of the Trading Mesh. SHOW MORE

Going with the flows: the emerging market hub concept takes off

November 3, 2015 by Digital Realty   Comments (0)           

On 27th October 2015, Digital Realty hosted a round table on the introduction of a new trad-ing concept: the emerging market hub. Historically, various emerging market exchanges have sought to turn themselves into regional hubs; but there have always been so many competing vested interests and complicating factors that such projects inevitably have disappointed. The new emerging market hub, however, links exchanges at a neutral site in a developed market ecosystem. It effectively will...

Considerations Around MiFID II Transaction Reporting

November 3, 2015 by Software AG   Comments (0)           

By Nigel Farmer
Within the last year or so, there has been a marked increase in the amount of fines levied on financial institutions by the FCA for transaction reporting breaches. Last year for example, Deutsche Bank was fined £4.7m for incorrectly reporting over 29 million swaps transactions, where the buy & sell indicators were the wrong way around. Then in May of this year, the FCA levied its largest fine yet for transaction reporting failures - £13.3...

MiFID II: Clock Synchronisation and the performance visibility benefits standardisation could deliver

October 30, 2015 by Velocimetrics   Comments (0)           

By Adam Woolhouse, Head of Sales, Trading Systems, EMEA and APAC at Velocimetrics Ltd
In late September, the most recent MiFID II guidance, detailing the proposed technical standards, hit the shelves.  Amongst the many pages that comprise this much-anticipated tome, is a section dedicated to explaining the levels of accuracy that business clocks used to record the timings of reportable events will need to achieve (but considering this section is roughly 500 pages in, you’d...

BATS' Periodic Auctions Book for European Equities

October 23, 2015 by John White   Comments (0)           

This blog post originally appeared on Bloomberg Tradebook and is reproduced here with the author's permissionBy John White
On September 7th, BATS announced their intention to launch a Periodic Auctions Book for European equities. The LSE’s Turquoise dark pool already, through its Turquoise Uncross product, supports a periodic auction model. The key difference with the proposed BATS service is that it is a litvenue with the indicative price and size of the next auction...