(Late last year, security concerns about open source software grabbed headlines when the vulnerabilities about a Java library for logging error messages, known as “Log4j,” emerged and many software and systems vendors issued warnings and fixes. This library function was developed by the open source advocacy group, the Apache Software Foundation. There was great concern… Read More >>
Citi & Bloomberg Target ETFs & Other FinTech Briefs
Citi Integrates ACES With Bloomberg’s BSKT Citi and Bloomberg officials report that they have integrated Bloomberg’s service for negotiating fixed income baskets, known as BSKT, with a proprietary platform from Citi known as ACES (Citi Advanced ETF System). The integration is intended to provide better support for Citi’s exchange-traded funds (ETF) clients that use BSKT…. Read More >>
Time to Learn More About Open Source?
Financial services firms are using a lot of open source software but there may be a gap in their understanding of how to manage the “opportunities and potential challenges” of the open source movement, according to the Fintech Open Source Foundation, also known as FINOS. FINOS is an independent, nonprofit organization whose mission is to… Read More >>
Xenomorph Links TimeScape to Open Source Database
Securities trading data and analytics vendor Xenomorph reports that it is integrating its flagship offering TimeScape EDM+, an enterprise-wide data management solution, with MongoDB, the open source, “NoSQL” document database in order to offer cost-effective data scalability. The MongoDB system, whose name is derived from the word humongous, sidesteps “the traditional table-based relational database structure… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
Startup OpenFin Fills Key Posts
OpenFin, a startup provider of HTML5 runtime technology for financial services firms, recently announced the hiring of Jen Collet as chief operating officer (COO) Europe; Steve Greenblatt as vice president of North American sales; and the appointments of Paul Humphrey and Aron Miodwonik as strategic advisors. Collet was COO of post-trade risk at interdealer broker… Read More >>
OpenFin Raises $3M to Scale Up Offerings
FinTech startup, OpenFin, a provider of HTML5 runtime technology for financial services firms, has raised $3.0 million in financing that will be used for product development and engineering team expansion in New York and London, officials say. These teams will work toward scaling OpenFin’s offerings to meet client needs. OpenFin’s HTML5 implementation is based on… Read More >>
