Trading Technologies Contracts with SBI Thai Online for Distribution of the TT® Platform from Thailand

https://www.tradingtechnologies.com/news-releases/trading-technologies-contracts-with-sbi-thai-online-for-distribution-of-the-tt-platform-from-thailand/#more-87850

SBI Thai Online’s client base will have access to the TT platform’s full range of professional trading tools, including Autospreader®, ADL, and APIs. 

“We are thrilled SBI has chosen TT as a solution to extend to their clients. As we expand into what are new markets for TT and exchanges such as TFEX, having the endorsement of local brokers like SBI, who are the experts in their region, is important. It allows us to bring our technologies to a brand new set of customers and extend the reach and interest in the Asian markets as a whole out to our wider international clients,” said Mark Pottle, Regional Executive Sales Director for Trading Technologies in Asia.

Are Crypto Miners the Modern Hedgers?

https://tabbforum.com/opinions/are-crypto-miners-the-modern-hedgers/

Thomas Chippas ErisX – “Miners, similar to traditional hedgers, are foundational elements of a well-functioning capital, commodity and commercial market. The act of mining is performed by high-powered computers that solve mathematical puzzles to produce digital assets such as bitcoin or Ether. Miners are rewarded with the respected coin and are similar to traditional hedgers in that they are looking to offset the market risk of their production related to price volatility and offsetting counterparties. This is a nearly identical use case to a traditional physical commodities producer that uses futures contracts to lock a price at the present for the future sale of the commodity. The producer foregoes the potential upside if the commodity increases in price beyond the settlement price of the futures contract but is also protected on the downside if the price falls.

Academic Research Takes Center Stage at IEX

https://www.tradersmagazine.com/departments/algos/academic-research-takes-center-stage-at-iex/

Elaine Wah – “After opening the call for papers in early August, we received nearly 60 submissions — addressing a wide range of modern market structure topics. We ultimately selected eight papers, some of which focus on the most important issues being debated today, others on those which will likely be discussed in years to come. For those who were not able to attend, we are providing brief summaries of the eight papers in this blog post. Of course, as we cannot do full justice to the papers here, we encourage you to read the papers, which are hosted on the conference website.

Refinitiv Appoints News Industry Veteran as Head of News Performance

http://svdaily.com/refinitiv-appoints-news-industry-veteran-as-head-of-news-performance/

BUSINESS WIRE – “New role created in response to increased demand for trusted news in turbulent geopolitical environment.” … “Refinitiv has appointed Richard Mably as Head of News Performance to enhance the value of Refinitiv’s extensive news coverage to help power and advance the financial community.” … ” Refinitiv has invested heavily to expand news coverage on the Refinitiv Data Platform in response to demands from customers for market moving insight across the globe. Refinitiv now carries news from over 10,000 sources up from 7,000 thousand sources two years ago.”

Blockchain for the Buy Side

https://tabbforum.com/opinions/blockchain-for-the-buy-side/

Monica Summerville TABB Group – “The areas of significant benefits in using blockchain-based solutions were overwhelmingly cited as improved clearing and settlement as well as increased operational efficiency. The areas in which respondents said blockchain would have a significant impact over the next five years were:

  • Fees and costs.
  • Compliance and regulation.
  • Data management.”

Mutual fund giant Vanguard has partnered with Nasdaq Ventures-backed blockchain startup Symbiont to develop a trading platform for the $6 trillion currency market, the companies said.

https://www.coindesk.com/vanguard-developing-blockchain-platform-for-6-trillion-forex-market

Revised SEC Rule 606 Shines a Light on Order Routing Disclosures

https://tabbforum.com/opinions/revised-sec-rule-606-shines-a-light-on-order-routing-disclosures/

Ivy Schmerken FlexTrade Systems – “Currently, an OMS has the primary level information, and gets the last market where the order was executed, including whether it added or removed liquidity, and it can calculate execution costs based on known fees, explained Chu. “But, if those algo providers routed the order to another venue or exchange, and that gets routed out further, we don’t have that secondary or third-level or fourth-level of information today,” said Chu. “There’s no structure to get that information today,” he said.

Gathering the information on these downstream orders has been a challenge, especially if brokers utilize more than one OMS or have an EMS, said Chu.

“If our clients use us solely for their trading, we have all the data in the OMS, so we would provide the data over to the 606 [data] vendor,” said Chu. “When some clients use another OMS or EMS, we have no visibility.” “

Three Predictions for the Future of the Desktop

https://tabbforum.com/opinions/three-predictions-for-the-future-of-the-desktop/

James Wooster Glue42 – “A major trend we are witnessing right now is what is labelled as “Digital Transition” – that is to say, the common-sense alternative to a multi-year application rewrite. The key steps are:

  1. Host the applications in a desktop workspace alongside the other (non-legacy) applications.
  2. Deploy user-behavior analytics to identify the areas of the legacy applications that are most used and/or would benefit from a rewrite.
  3. Provide external access to these areas via simple interop data-sharing techniques and expose as discoverable micro-applications .

These micro-applications can then be used as is or selectively replaced with new and/or more functional replacements. Critically, all of this can be done while preserving the user experience before, during and after change.”

Related video: – https://tabbforum.com/videos/the-financial-desktop-of-the-future-james-wooster-glue42/