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Panoptican sold to Datawatch – another Big Data play

Posted on June 17, 2013 by Paul Blank

Datawatch Corporation, the provider of information optimization solutions, has agreed to acquire Panopticon Software AB, a privately held Swedish company specializing in the delivery of real-time visual data discovery solutions.

Panoptican Software provide high performance real-time visual data discovery to speed up business processes. used in many areas with Cap Markets, and in a number of trading platforms to visualise market sector performance, and in FX for liquidity visualisation. (demo site here).

Michael A. Morrison, President and CEO of Datawatch, said:

“This acquisition will immediately benefit our combined customers, partners and prospects by allowing them to accelerate the development and deployment of solutions that use the wide variety of data formats and sources present in every organization.

…..Our collective capabilities to address Big Data opportunities are vastly improved with the high velocity access enabled by Panopticon’s real-time visual data discovery solution and the variety of data sources and formats that can be transformed by the Datawatch Information Optimization platform.”

So, another Big Data play, following last weeks sale of Streambase to TIBCO and Apama to Software AG.

Full story on Panoptican here

Filed under: CEP, Technology Trends, Web trading technology | Leave a Comment »

EBS-Best Practice in Aggregation

Posted on June 17, 2013 by Paul Blank

A timely publication by Gil Mandelzis, CEO of EBS on Best Practice in Aggregation highlights some key points:

An aggregation provider aims to consolidate the liquidity streams from multiple venues to provide best price and execution to its customers, who then no longer need to deal through multiple screens or connections. Aggregation providers in essence create a private marketplace unique to each customer, with the promise of optimising and personalising execution quality and effectiveness.

EBS believes that aggregation providers bring real value to the market. While there are many customers who choose to build and support their own aggregation solutions, these third party providers present a compelling value proposition to those who choose to outsource this service. Read more »

Filed under: CEP, FX, Paul Blank | Leave a Comment »

MarketPrism on the value of SDPs

Posted on June 14, 2013 by Paul Blank

Ralph Achkar, of MarketPrizm makes some very good points in an article from Futures & Options World, that the death of Single Dealer Platforms has been greatly exaggerated.

His comments echo many of the posts here regarding the value of single dealer platforms in a cleared world.

Ralph comments that,.. Going forward, more of the traded instruments will be available on electronic platforms, and a large section will be required for clearing.

By enabling trading across asset classes using web-based interfaces, sell-side firms that use SDPs provide their clients with a more comprehensive view into the market, a better opportunity to maximise profitability and the assurance of best execution. In recent months, we have seen more and more banks building an infrastructure to service a wider set of client needs. Read more »

Filed under: Paul Blank, Regulation, SEF, Single-Dealer Platforms | Leave a Comment »

Progress Software sells Apama to Software AG

Posted on June 13, 2013 by Paul Blank

Software AG has announced that is to buy CEP provider Progress Apama from the US parent company Progress Software (PRGS)

This news comes less than 48 hour after TIBCO announced that it has bought CEP provider Streambase.

Software AG buys Leading Complex-Event-Processing Platform Apama from Progress Software

The acquisition of Apama is an important step in implementing Software AG’s strategy of enabling the digital enterprise
Apama will enable enterprises to maximize the value of their big data through proactively responding to business opportunities identified from the continuous analysis and correlation of business activities across multiple data streams
It will also enable customers to fully integrate the industrial internet (Industry 4.0), analyzing the massive amounts of real-time operational data from intelligent machines to make precise, real-time decisions
Software AG will leverage and expand Apama’s leadership in customizable CEP-powered solutions in capital markets (algorithmic trading, risk and market surveillance), telecommunications and supply chain & logistics
With this acquisition Software AG confirms its focus on dynamic growth for its BPE business division

Full announcement here

Filed under: CEP, Paul Blank | 1 Comment »

Deutsche Bank Autobahn goes mobile

Posted on June 12, 2013 by Paul Blank

Deutsche Bank today announced the launch of Autobahn Mobile, a flagship initiative to make its Autobahn sales, trading and research platform available via mobile devices (although dealing is not yet available)

Autobahn Mobile allows institutional and corporate clients to access Deutsche Bank’s electronic content and features from across the Autobahn platform, including the Autobahn App Market and toolbar. Autobahn provides access to Deutsche Bank’s wealth of sales, trading and research know-how as well as transaction banking services. Read more »

Filed under: FX, Paul Blank, Web trading technology | Leave a Comment »

Now FX fixing rates being investigated!

Posted on June 12, 2013 by Paul Blank

Bloomberg report that traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial.

Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years.

The UK markets watchdog has launched a preliminary investigation into foreign exchange rates trading after receiving complaints alleging that traders at leading banks were putting in trades ahead of customer orders and attempting to manipulate benchmarks.

More here: Bloomberg and FT and good article here from FTAphaville

Filed under: FX, Paul Blank, Regulation | 1 Comment »

FX multibank platforms May 2013 volumes figures

Posted on June 11, 2013 by Paul Blank

Three of the main multi-bank FX platforms have now reported their May volumes.

Reuters (including spot matching and dealing platforms) showed the largest gain up 8% to $140bln/day, and EBS a modest 2% drop to $126bln/day, whilst FXall (also owned by Reuters) unchanged at $108bln/day.

he longer term trend of the three platforms can be seen here in the following chart.

Filed under: FX, Paul Blank, Web trading technology | Leave a Comment »

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