NEWS
defeated by fellow Commissioners in a vote of three to two. “If you go by the industry response, it appears that Gensler won,” added Rhode. A CFTC spokesman declined to comment for this article. DATA
TradingScreen adds FX TCA benchmarks
TradingScreen is adding new benchmarks to its FX transaction cost analysis offering and adding swaps to the list of fixed income instruments supported, said John Fatica, head of analytics, in an interview. The additions respond to client demand, in that clients are now looking for TCA functionality similar to what’s available in equities, he said. They also will help clients comply with new regulations coming into force, he added. With the added benchmarks, users will be able to analyze execution
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flow, determine where their traders stand versus competitors, and apply extended time horizons on multiple business processes and the performance of algorithms, Fatica said. Also being added will be premium FX benchmarks, he said, declining to elaborate. These benchmarks are modeled and running on an ad-hoc basis and Fatica expects they will be revealed within the quarter. The vendor is also adding swaps to the list of assets covered by its TCA offering a result of the creation of exchange-traded swaps, which allows trade data to be collected more simply, Fatica explained. There is currently one pilot client, a large asset manager, using the system, and the vendor expects to go into production in the near future, he added. TradingScreen also plans to update its graphical user interface, and enhancements are being tested internally now in advance of an expected summer deployment, according to Fatica. Fatica said the dashboard will give users a modern way to access
and deploy TCA information across a number of devices, including mobile. Clients currently access the platform via a web portal that will remain available for the foreseeable future, he added. TECHNOLOGY
GFI plans private cloud around new memory capability
GFI Group is planning to build a private cloud for non-latency sensitive functions, according to chief technology officer Jerry Dobner. The cloud will be supported by Flash Memory Arrays from Violin Memory being deployed by the interdealer broker, he explained. The infrastructure from Violin Memory is expected to be deployed in the next week and the private cloud will be built out within a week to a month afterwards, Dobner said. The firm expects to use the cloud
DATA
Xenomorph adds cloud offering, will open more offices
enomorph plans to offer a hosted version of its TimeScape analytics and data management offering to appease its hedge fund clients, according to Naj Alavi, managing director. Client demand for a hosted TimeScape solution stretches back almost 10 years, according to Alavi. It took this much time for the technology to advance in order to offer the platform using cloud distribution, he added. The hosted offering, deployed via Microsoft’s Azure cloud servers, offers the same functio ?????????????????????????????????????????????????????????????????????????????????????????????Q???????????????????????????????????????????????????????????????()`()?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????a?????????????????????????????????????????????????5?????????????M????????????????????????????????????????????????????????????????????????????????
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