Breaking News

Tag Archives: FIS

The Industry Discusses Cryptocurrencies and DLT, Part II Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This sixth video in the series is the second to cover the booming cryptocurrency space and its technological underpinnings. In part two, Gary DeWaal, special counsel with Katten Muchin Rosenman, John Omahen, FIS’ head of product strategy, Anthony Tassone, founder of GreenKey Technologies and Carl Gilmore, president of Integritas Financial Consulting share their thoughts on the crypto space.  

The Industry Discusses the Big Data Boom, Part I Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This third video in the series covers the effects and future of the big data boom and will be accompanied by a second video on the subject. In part one, John Omahen, head of product strategy with FIS, Yuriy Shterk, head of derivatives product management for Fidessa, Davor Frank, senior solutions architect with Solarflare, and Ciarán Kennedy, chief sales officer for Metamako discuss the benefits and struggles surrounding big data.

Thesys vs. Goliath: That’s One Big CAT Commentary,Feature,Fintech,Regulation & Enforcement

Small company wins big with opportunity to build the Consolidated Audit Trail covering U.S. equities and options. FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand…

The Solutions To All Your Post-Trade Problems Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about solutions to key challenges in the post-trade space today. We first spoke with them about their key problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client & industry…

The Problem With Post-Trade Is… Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about the key problem they see in the post-trade space today. We followed it up with their solutions to that problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client…

Futures industry walks to work to support Futures for Kids charity Blog,Giving News

Futures for Kids

Industry executives from Washington and Chicago also join their London counterparts Today is the Futures for Kids (FFK) 6th Annual “Walk to Work” , which will see some 70 futures industry executives trek around London before heading to the Finish Line at the Anchor Bankside pub on the South Bank. Many will be travelling the full distance of over 35 miles starting at 8 AM in the morning while others will be taking an afternoon stroll from one of four starting points at Greenwich Park, Clapham Common, Regent’s Park or Victoria Park. This year, walkers in London will be joined…

A Difference Maker: Post-trade Clearing Tech Now a Differentiator For Firms Blog,Commentary,Feature,Tech / HFT

If today’s markets are traded in milliseconds, why can’t post-trade clearing keep up? ION is addressing that with its XTP clearing solution, a near real-time system it has quietly been rolling out since 2015. Last year the product was adopted by a handful of firms. And this year, ION is hoping to see a larger migration of customers to the new platform, which is considered a major upgrade to its Rolfe & Nolan system. It took ION four years to build the system, creating it on top of ION’s core trading technology. The low-profile firm is stepping out a bit…

Chinese consortium wins approval for Chicago Stock Exchange takeover; NYSE to acquire NSX amid U.S. exchange consolidation; China Halts Trading in Key Bond Futures as Panicky Investors Sell Securities John Lothian Newsletter,Newsletter

First Read Should ION and FIS be worried? By Jim Kharouf, John Lothian News Just days after our column about Cinnober’s plans to move into the post-trade space with plans to take on legacy system giants, an upstart from Switzerland says it is ready, willing and able to do just that. And then there were two. Revendex, a consulting and IT firm based outside Zurich, says that its post-trade settlement system is ready to take on ION Trading’s Rolfe & Nolan system and FIS’s Stream (formerly GMI) platforms. Those two have dominated the post-trade space for decades, but Revendex executives…

Should ION and FIS be worried? Blog,Commentary,Feature,Fintech

Just days after our column about Cinnober’s plans to move into the post-trade space with plans to take on legacy system giants, an upstart from Switzerland says it is ready, willing and able to do just that. And then there were two. Revendex, a consulting and IT firm based outside Zurich, says that its post-trade settlement system is ready to take on ION Trading’s Rolfe & Nolan system and FIS’s Stream (formerly GMI) platforms. Those two have dominated the post-trade space for decades, but Revendex executives say the systems are expensive, out of date and too slow. Revendex’s managing directors…