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Itiviti Introduces Packaged FX Trading Solution

Zoltán Tűndik

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Photo source: investingoal.com
Reading Time: 3 minutes

 

– Itiviti FX combines rich out-of-the-box FX trading capabilities with flexible customization options.

– Enables technology consolidation and cross-asset trading strategies.

– Designed to fit into existing trading infrastructure.

Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today introduced Itiviti FX, a comprehensive foreign exchange trading solution built for today’s dynamic FX market landscape and designed for compliance with the latest regulatory requirements including MiFID II.

Using a modular, app-based architecture Itiviti FX combines rich out-of-the-box FX trading capabilities with outstanding flexibility, enabling highly scalable and easily customized solutions. It offers rich cross-asset trading functionality, including algorithmic trading, distribution service, order and pre-trade risk. It also features a liquidity aggregation service which allows for mixing of different types of liquidity from multiple sources. The pricing engine supports maintaining different pools of liquidity, synthetic pricing and a rich set of parameters for sales margin and other fees.

Itiviti FX presents a consolidated FX market view to help traders manage the complexities introduced by market fragmentation. Trading logic is complemented by configurable connectivity for quickly adding new venues and liquidity sources. Itiviti FX comes with broad range of connectivity options to FX liquidity providers and platforms, including FIX, ITCH, OUCH and other binary feeds.

“When defining and developing Itiviti FX, we have recognized the client needs for a fully featured yet easily deployed FX trading solution,” says Jens Persson, Senior Product Manager, Itiviti. “It offers packaged functionality which covers a broad range of use cases, while the logic is also extendable to meet specific client requirements, by means of custom algorithms, integration and consolidation of trading technology.”

Itiviti FX combines a front end based on the Tbricks by Itiviti trading platform with Catalys by Itiviti, a flexible and versatile ecosystem for industry-standard FIX connectivity. This resilient and transparent low-latency technology base offers extreme scalability where performance is critical. It also facilitates customization and systems integration. All business logic is available through an open, documented API and Itiviti offers an extensive toolkit for developing custom algorithms. These may also involve Itiviti’s multi-asset capabilities with crossover to equity trading, brokerage, order management, systematic internalization and more.

SEB, a leading Nordic financial services group, is an early adopter of Itiviti FX. The bank has implemented the solution for its global eFX business to handle market-making in FX, automation and risk management of customer order flow. The solution includes gateway access supporting market data and order/trade capabilities to liquidity providers and venues.

“We are implementing Itiviti FX in multiple phases to consolidate trading systems and technology resources. This will result in significant value from synergies and improved ability to respond to market and client demands,” says Svante Hedin, Co-Head of Trading, SEB Markets. “We will be able to apply the same skill set and technology experience for all electronically traded asset classes and to streamline workflows. The solution also brings business benefits, most notably a faster time to market when adding proprietary functionality and trading venue coverage. We also rely on Itiviti’s platform for our algorithm development, implementing strategies for market-making, risk management and execution. The platform will become a cornerstone in our future algo trading strategy.”

Itiviti FX feature summary:

  • Market-making apps for risk management on net currency basis as well as automatic flow optimization and event protection features.
  • Pricing and matching engine for price construction into pools of liquidity that can be distributed to clients according to pre-configured rules.
  • Market connectivity for price distribution, sourcing of market data, and execution.
  • Client management tools and a rich sales margin/fee module.
  • Pricing of different instruments including swaps in addition to synthetic pricing of inverses, crosses and forwards.
  • Built-in pre-trade risk limit system, allowing users to evaluate credit and restrict trade requests.
  • Efficient packaged algorithms for automated order execution capabilities, for stand-alone use or as building blocks in complex proprietary strategies.
  • Open and extendible framework with a rich API allowing for extensions of packaged features and implementation of proprietary functions.

For further information, please contact:

Richard Bentley, CPO, Itiviti, Tel: +44 20 7743 7223, Email: richard.bentley@ullink.comJens Persson, Senior Product Manager, Itiviti, Tel. +46 739 01 02 10, Email: jens.persson@itiviti.comChristine Blinke, Chief Marketing Officer, Itiviti, Tel. +46 739 01 02 01, Email: Christine.blinke@itiviti.com

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Agriculture

Yara and IBM join forces to transform the future of farming

Betty Tűndik

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The Digital Farming Platform, built incorporating world-class IBM technology, will allow Yara to create digital twins of the farmers’ fields and give farmers actionable insights to drive the improvements through advanced analytics, weather data and satellite images.
Reading Time: 3 minutes

 

Yara and IBM will combine world-class agronomy and cutting-edge technology to develop the world’s leading global digital farming platform.

Yara International (OSE: YAR), a global leader in crop nutrition, and IBM (NYSE: IBM), today announced an agreement to build the world’s leading digital farming platform, providing holistic digital services and instant agronomic advice.

Yara and IBM Services will jointly innovate and commercialize digital agricultural solutions that will help increase global food production by drawing on the two companies’ complementary capabilities: Yara’s unrivalled agronomic knowledge, backed by more than 800 agronomists and a century of experience, and IBM’s digital platforms, services and expertise in artificial intelligence (AI) and data analytics.

The Yara/IBM collaboration is centered around a joint vision to make a real difference in food production

“Our collaboration centers around a common goal to make a real difference in agriculture. To be able to responsibly feed a growing population, it is critical that farmers increase food production on existing farmland to avoid deforestation. Yara and IBM will develop digital solutions that empower professional and smallholder farmers to optimize farming practices to increase yields, crop quality and incomes in a sustainable way,” said Terje Knutsen, EVP Sales and Marketing in Yara.

The joint global digital farming platform will apply artificial intelligence, machine learning and in-field data to unlock new insights for farmers. The digital platform will have worldwide coverage and aspires to reach 100 million hectares of farmland – which is equivalent to twice the size of Spain or close to 7 percent of all arable land worldwide* including millions of smallholder farms.

Yara and IBM work together to deliver the world’s most comprehensive global digital farming platform.

 

“As demand for food rises along with the world’s population, the digital farming platform will play a key role in increasing global farming yields in a sustainable way. The collaboration is a perfect symbiosis of IBM’s capabilities in AI, big data management and blockchain technology and Yara’s agronomic knowledge, farmer-centric digital innovation, and proven track record in improving farming across the globe,” said Luq Niazi, IBM Global Managing Director Consumer Industries.

As a first step, Yara and IBM will establish joint innovation teams, collaborating at digital hubs in EuropeSingapore, the US and Brazil. The teams will work closely with IBM researchers to develop new capabilities, such as visual analytics and machine learning techniques for crop insights. The first services are planned for end 2019.

Advancing the digital frontier of farming

The Yara/IBM partnership will focus on all aspects of farm optimization. One specific area of collaboration will be weather data. The ability to respond optimally to weather conditions is critical for farming. By merging analytical insights from IBM’s Watson Studio, IBM PAIRS technology, The Weather Company and other services, with Yara’s unrivaled crop knowledge and modelling capabilities, the joint platform will not only provide hyperlocal weather forecasts but will in addition give real-time actionable recommendations, tailored to the specific needs of individual fields/crops.

Yara and IBM to deliver the world’s most comprehensive global digital farming platform.

As the joint digital farming platform expands, the teams will explore innovative business solutions to integrate the joint platform into the IBM Food Trust, IBM’s blockchain-enabled network of food chain players. This will allow for greater traceability and supply chain efficiency as well as ways to tackle food fraud, food waste and sustainability. It will firmly link the farm into the full food chain, creating a holistic approach to food production from farm to plate.

The contract was signed in April 2019.

*World Bank, FAO.

SOURCE: IBM

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Automotive

Sono Motors to Produce Sion in Sweden

Betty Tűndik

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Sion - The first Solar Electric Vehicle. A car charging itself. - Photo Source: sonomotors.com
Reading Time: 2 minutes

 

The first series production solar electric vehicle (SEV) developed by the German mobility provider Sono Motors is to be manufactured in Sweden. As Sono Motors officially announced today, the first generation of the Sion will be produced in Trollhättan by National Electric Vehicle Sweden (NEVS). The plant located there was home to the production lines of the long-standing and innovative automobile manufacturer SAAB. In total, an initial 260,000 vehicles will roll off the production line in Trollhättan over an eight-year period. Production will commence in the second half of 2020. After the ramp-up period, approximately 43,000 Sion a year will be manufactured in two-shift operations. Production will be carried out using one hundred percent renewable energy.

“In NEVS, we found the perfect partner for us,” says Thomas Hausch, Chief Operating Officer, Sono Motors. “Together, we share a vision of intelligent and resource-conserving mobility. We also value our partner’s specific expertise based on their many years of experience in traditional automobile development and production in combination with proven expertise in the area of electromobility.”

The innovative vehicle concept of the Sion already represents tomorrow’s mobility today – the aim of which needs to be the reduction of vehicles on the roads through more sustainable and more efficient usage. The Sion will therefore be equipped ex works with integrated sharing options. These enable the owner to share the vehicle itself, individual journeys, or even energy via a mobile application (goSono app), developed by Sono Motors. A bidirectional charging function enables the Sion to both receive and supply electricity, power electrical devices independently, and feed energy to other vehicles or into the electricity grid. Thanks to full-surface solar integration, the vehicle battery can be charged with pure and free solar energy worth up to 34 kilometers’ range per day in addition to its regular WLTP range of 255 kilometers.

For its market launch, the Sion will be rolled out in one single variant version costing 25,500 euros. There are plans afoot to develop other vehicle models based on the vehicle’s platform.

Since the presentation of the prototypes in summer 2017, the Sono Motors team has been going on test drive road shows all over Europe. On the occasion of the cooperation with NEVS, the next road show will take place in Sweden. Sono Motors has so far taken approximately 9,800 partially paid preorders for the Sion.

 

SOURCE Sono Motors GmbH

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Awards

New Research Identifies the Technology That Hotel Guests Really Want

Betty Tűndik

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Criton developed app for Cheval Residences
Reading Time: 3 minutes

 

Research conducted by leading travel technology firm Criton reveals the importance of hotel technology to improve the experience of today’s travellers

Dependence on mobile phones when travelling is brought into sharp focus by a survey of more than 3,600 travellers which reveals a growing appreciation for bespoke travel apps. Research commissioned by Edinburgh-based hospitality firm Criton, highlights that loyalty programmes, self-check-in/out and accessing your hotel room via a digital door key are primary requirements of today’s guests.

Julie Grieve, Founder and CEO of Criton

 

 The findings highlight crucial information for all hoteliers, with guests’ smartphones now recognised as an essential tool for delivering and improving their travel experience. With 45% of respondents travelling for leisure more than four times a year, findings showed that 62% of respondents regularly use an accommodation app, with the figure increasing to 67% amongst business travellers.

If their favourite hotel was to have its own app, 74% of respondents overwhelmingly stated they would use this digital channel, with only 10% favouring an in-room device such as a hotel’s smartphone or tablet. This reinforces Criton’s core belief that the future of hotel technology is own device. Hoteliers no longer need to absorb the cost of installing in-room devices when their guests travel with their own smartphone and are more comfortable with the apps and content within it.

The opportunity to check-in via an app and access their hotel room via a digital door key was warmly received with 58% likely or very likely to want this technology. With 68% finding it unacceptable to queue at reception for longer than five minutes, offering guests access to a service which global chains already offer is fast becoming a core priority for independent operators.

Respondents prioritised loyalty programmes as their favoured element of hotel technology with 53% recognising it as their top requirement. In a competitive landscape, the opportunity to drive direct and repeat bookings through a personalised loyalty programme will ensure hoteliers save on OTA commission while creating their own closed marketing group to upsell onsite services and facilities.

Underlining modern travellers’ awareness of technology, the survey found an audience ready to talk about tech use and expectations while travelling. Reflecting on the results of the survey, Julie Grieve, founder and CEO of Criton, which developed the UK’s first intuitive app builder for the hospitality sector, said:

“Increasingly, today’s travellers are downloading apps that help them get around and stay connected with their hotel. That level of tech awareness or even dependency also raises expectations for information, guest services, such as check-in, digital key and offers and incentives to reward their loyalty.

“Respondents to the survey were people who travel regularly, with the majority opting for a mid-range hotel or accommodation. It is increasingly clear that adopting technology has to be seen as an imperative for all hospitality providers; it is not something purely for the major franchises.”

Criton lets independent operators compete with big chain technology through an easy to use platform. From digitising the traditional hotel room guest book to PMS, live chat, digital door key and in-room ordering integrations all contained within a fully-branded hotel app; Criton supports hospitality businesses with their digital transformation strategies and work with clients across the UK and overseas.

Research Methodology:

An online survey ran from Tuesday 26th March until Monday 1st April and received a total of 3,654 responses, of whom 1,311 were classed as business travellers.

Key Findings:

  • 45% of travellers stated they travel for leisure 2-3 times a year
  • 36% travel for business
  • 39% use TripAdvisor as main source of research and inspiration before booking a hotel, followed by 29% of respondents relying on online search
  • 40% of travellers said they regularly stay in a 4-star (boutique) hotel, with 6% in a 5-star (luxury) hotel. The majority (47%) stated they regularly stay in a 3-star (mid-range) hotel
  • 53% have at least one hotel app on their phone
  • 74% would use a hotel app if their favourite hotel had one
  • 55% stated it is acceptable to wait at check-in 2-5 minutes
  • 62% would be likely or very likely to check-in to a hotel via an app
  • 58% would be likely or very likely to check-in to a hotel via an app and use digital key

App usage

  • 62% use an accommodation app regularly (eg Airbnb)
  • 57% use a transport app regularly
  • 47% use an airline app regularly
  • 36% uses a hotel app regularly

The hotel technology that respondents seek:

  • 53% – loyalty programmes
  • 35% – self check-in
  • 10% – in-room mobile
  • 18% – in-room tablet

Awards:

  • Criton won the ‘Best Technology Provider’ award at the 2018 Travolution Awards and was Highly Commended for Best Use of Mobile
  • Criton won the ‘Industry Breakthrough and Innovation Award’ at the ASAP Awards 2018
  • Julie Grieve, Founder & CEO won the prestigious ‘HOSPACE 2017 Best Entrepreneur Award’

 

SOURCE: Criton

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