The results of January’s theTRADEnews.com poll show the buy-side has much to consider in 2012, although the importance placed on technology upgrades has surprised many, given tighter budgetary constraints.
European trading platform operators are now starting to define their MiFID II and Dodd-Frank-compliant venue offerings but gaps in the two rulebooks are causing uncertainty for those wanting to service both American and European markets.
The Fixed Income Connectivity Working Group (FICWG), a body set up to encourage the use of the FIX Protocol for derivatives trading, has announced it will be supported by operators of fixed income trading venues.
Johnson Investment Counsel, a US-based wealth management firm, has selected financial technology company Rapid Addition and its RA-Cub FIX engine to automate the flow of trades between an internal order management system and the Triton execution management system, provided by agency broker and technology vendor, ITG.
Tradeweb, the financial markets operator, has added European equity futures to its multi-dealer-to-client equity derivatives platform to streamline the current phone-based, over-the-counter trading model for block trades.
Buy-side firm AXA Investment Managers has selected the TradingScreen execution management system to provide a single platform for multi-asset trading and to reduce connectivity burdens.
MarketAxess, which operates a trading platform for US and European corporate bonds, derivatives and other fixed-income securities, plans to expand its credit trading offering to include institutional investors based in the Asia-Pacific region.