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Tag Archives: trading platform

Building Bricks: TBricks Could Be New Cornerstone For Orc Interview,Tech / HFT,Video

Jonas Hansbo and his team left Orc in 2006 to focus on his own brand of trading and financial technology with a startup called TBricks. But Hansbo and his colleagues were brought back to the mothership in January when when Orc purchased TBricks. Now, Hansbo, who serves as chief strategy officer for Orc, said the two firms will bring their respective strengths together. “Orc has been evolving since we left it, and very much focused on reinventing their electronic trading platform for connectivity and electronic execution,” Hansbo said. “So what we thought would be a very interesting fit for the…

Riders on the Storm: Orc Group’s Troels Philip Jensen Looks at Consolidation in the Vendor Space Financials,Interview,Options,Video

The financial sector has been feeling the squeeze over the past few years. Lower trading volume, sustained low volatility and added expense from new regulations have combined to create a precarious situation for independent service vendors serving the listed derivatives space, and has led to a wave of consolidation among its players. One such vendor is Orc Group, a Stockholm-based provider of trading, execution, risk, compliance and other software solutions for the derivatives market. The company, which was purchased in 2012 by Nordic Capital and subsequently taken private, has used the private equity structure to its advantage while it weathers…

John Lothian Newsletter: Chi-X Australia Seeks New CEO as Fowler Will Step Down; CFTC approves CME swap data repository; Timing is crucial for Nasdaq OMX derivatives venture John Lothian Newsletter,Newsletter

Chi-X Australia says that CEO Peter Fowler will cease to act in that role in early 2013, but will remain on the board of directors for the venue. CME Group receives CFTC approval to proceed with its derivatives data warehouse project. Nasdaq OMX moves aggressively to open its new interest-rate futures trading platform in order to take advantage of new European clearing regulations.

John Lothian Newsletter: NYSE Euronext, ATG Announce Brazil Trading-Platform JV; ICE Sees Futures Shift Reviving Slowed Swaps Trade; CME Delays Deliverable Swap Futures Until Dec. 3 John Lothian Newsletter,Newsletter

NYSE Euronext pairs up with Brazil’s ATG to create a new trading platform for Brazilian stocks. IntercontinentalExchange says they expect more and more traders will begin to use energy futures rather than swaps, as the regulatory landscape continues to shift. In the wake of Hurricane Sandy, CME Group elects to delay the launch of their new deliverable swap futures product until early December.

John Lothian Newsletter: Credit Suisse Seeks to Run Exchange; Nine more banks added to Libor probe; Private investors optimistic for economic recovery John Lothian Newsletter,Newsletter

Credit Suisse angles to convert one of its trading platforms into an exchange, in a bid to create the first US exchange owned entirely by a bank. The LIBOR investigation isn’t going away; it’s getting bigger, as nine more banks are added to the list of companies suspected of manipulating the now-disgraced benchmark rate. On a positive note, a recent investor survey reveals that a significant majority of those polled are expecting better times to arrive within the next year. In First Read today, Jim Kharouf revisits the ever-on-dragging Hehmeyer vs. Alaron dispute, and notes that it appears to have…

Ryan McElvogue of FFastFill Discusses Dodd-Frank Related Risk Management Interview,Regulation,Video

Ryan McElvogue

Ryan McElvogue is managing director of FFastFill, the U.S. subsidiary of FFastFill Plc., a London-based provider of front-, middle- and back-office solutions for the global electronic trading community. In August 2012, FFastfill announced that Orbit Risk, its clearing member risk management suite, is fully conformant with certain Dodd-Frank related CFTC regulations scheduled to take effect October 1, 2012. McElvogue spoke with John Lothian News Editor-at-Large Doug Ashburn about Orbit Risk, Dodd-Frank risk management and readiness, and operational versus technical implementation issues.

Cinnober CEO Javier Tordable Discusses the Company’s Recent Partnerships Interview,Tech / HFT,Video

Javier Tordable

Javier Tordable, who took the CEO post at Cinnober in March, has inked notable trading platform, clearing and surveillance technology deals with the Dubai Gold & Commodities Exchange (DGCX) and The Stock Exchange of Thailand (SET). This week, the firm announced a deal to provide clearing technology for the London Metal Exchange (LME). In our recent interview during the FIA-FOA International Derivatives Expo in London, Tordable talks about the DGCX deal, the acquisition of Nomura’s Swedish technology development center in Umeå, Sweden, as well as where technology is heading. Interview by John Lothian News editor-in-chief Jim Kharouf.