Object Trading is adding support for NYSE Technologies’ OpenMAMA interface to its FrontRunner DMA suite. The move allows Object Trading to enable access to worldwide market data via the FrontRunner DMA suite with a seamless, single integration into existing OpenMAMA environments.
OpenMAMA is an open source Middleware Agnostic Messaging API designed to ease the integration of new messaging applications and future-proofing trading infrastructure against growing market data message rates.
Object Trading’s suite aims to reduce the complexities of exchange connectivity by offering sell-side and buy-side firms a single gateway for normalised market access via real-time market data and order execution with in-line pre-trade risk constraints on more than 55 equity, derivative and FX markets globally.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.