Broadridge Financial Solutions, a provider of systems and services for securities operations, reports that it has enhanced its NYFIX order-routing network and post-trade matching platform so that clients can “access overnight U.S. equity liquidity through a new integration with CAPIS, an institutional brokerage firm” that offers high-touch trading support, officials say. In addition, Broadridge is… Read More >>
Blaylock Van to Help CBGM’s Expansion Plans
New York-based fintech ClearBid Global Markets (CBGM) has inked a deal with broker-dealer Blaylock Van as part of a strategic growth agenda for its digital bond trading and data marketplace in the United States. CBGM operates a proprietary marketplace for the issuance, distribution, and management of fixed income securities for institutional and corporate clients. It… Read More >>
tZERO & Streamex Facilitate Secondary Trading of GLDY
Blockchain tokenization infrastructure provider tZERO Group has inked a deal with Streamex, a company specializing in institutional-grade tokenization of real-world assets and commodity-backed stablecoins. The agreement will enable secondary trading of Streamex’s new gold-linked stablecoin product, GLDY, on tZERO’s SEC- and FINRA-regulated alternative trading system (ATS). By wrapping an institutional-grade trading architecture around the product… Read More >>
Options Adds Microsoft Threat Detection & Bruce ATS Integration
Options Technology, a provider of cloud-enabled managed services, reports that it has achieved a Microsoft Solutions Partner specialization for Threat Detection, and has integrated market data from the Bruce ATS, an alternative trading system aimed at overnight trading, officials say. The Microsoft Threat Detection designation “follows earlier Solutions Partner designations in Private Cloud, Modern Work,… Read More >>
Wedbush Securities Launches 24-Hour Trading
Wedbush Securities, a brokerage and investment advisor firm, reports that it has launched 24-hour trading capabilities that clients are using to access markets around the clock, particularly those operating in Asia-Pacific time zones, officials say. Wedbush offers market access across overnight, pre-market, core, and post-market sessions via partnerships with Blue Ocean Technologies and OTC Markets… Read More >>
ATSes Hit Their Stride via Innovation & Flexibility
Two new reports suggest that Alternative Trading Systems (ATSes) are hitting their stride as financial services firms move to private markets, embrace digital securities, and need innovations for their liquidity and investment explorations. An ATS “is a trading venue that is more loosely regulated than an exchange,” according to the Investopedia website. “ATS platforms are… Read More >>
Dash Overhauls Its OMS & Other FinTech News
OMS Update Also Links to Dash ATS Dash Financial Technologies, an options technology and execution vendor, is launching a redesigned version of its order management system (OMS) for options trading that provides access to all routing and algorithmic execution tools such as the Sensor suite, the Dash Alternative Trading System (ATS), and an integrated volatility… Read More >>
tZero’s ATS Fumbled Disclosures: SEC
The SEC and the blockchain-based, broker-dealer tZero ATS have reached a settlement in a case where the regulator alleged that the firm while trading National Market System and digitally enhanced securities failed to make timely disclosures via Form ATS before key order book data was shared with third parties. tZero ATS, which is based in… Read More >>
tZero’s ATS to Offer Clearing & Settlement
FINRA Gives tZero ATS the Green Light The tZero ATS, an alternative trading system/broker-dealer subsidiary of blockchain technology vendor tZero, reports that it has achieved what it says is a milestone development — the approval to offer settlement and clearing services for securities transactions for itself and its broker-dealer affiliates, officials say. The Financial… Read More >>
FINRA to Shine More Light on Dark Pools
The industry is getting more transparency into dark pools and other alternative trading systems (ATSes) via the Financial Industry Regulatory Authority (FINRA), which is expanding the data that it provides for over-the-counter (OTC) trading in equity securities. The additional transparency will cover approximately 20 percent of “all trading in National Market System equities,” according to… Read More >>
