News
Bats Prepares for Post-OSI Options Launch
KANSAS CITY, MO.-Following last's week's approval by the U.S. Securities and Exchange Commission (SEC), operators of the Bats Exchange plan to roll out options trading in 18 underlying securities beginning Feb. 26.
Pipeline Integrates Block Options
NEW YORK-Block-crossing network provider Pipeline Trading Systems has completed the integration of options trading support with its recently launched Blind Bid Options Cross (BBOX) platform, say officials.
FTEN Targets Global Expansion
NEW YORK-High-frequency execution and risk-control platform provider FTEN has set its sights on establishing its presence in Asia as well as expanding its European footprint, according to a vendor spokesperson.
Latency Arms Race Turns to Pre-Trade Risk
NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…
Quantifi releases Version 9.3
London-based Quantifi, a provider of analytics and risk management products to the global credit markets, has released Version 9.3 of its pricing, hedging and risk analysis platform. Quantifi says V9.3 provides more robust risk reporting, streamlined…
SunGard unveils VPM version 9.0
SunGard has released a new version of its VPM portfolio accounting platform for hedge funds. According to SunGard, VPM version 9.0 provides funds with an enterprise-level portfolio accounting application built on a service-oriented architecture for plug…
Aviva Investors connects to Calastone
Aviva Investors, the global asset management business and wholly owned subsidiary of Aviva plc, has signed an agreement to make its UK-domiciled retail funds available via the global Calastone transaction network. Aviva Investors' third-party…
Daiwa looks to Syncova OPTIMA/Broker for margining support
Daiwa Securities Europe, the European arm of Japanese investment bank Daiwa Securities, has deployed Syncova's OPTIMA/Broker platform, with a global licence, to support its expanding synthetic prime brokerage business line. OPTIMA/Broker is a prime…
Evercore takes Advent's APX and Moxy applications
Evercore Pan-Asset Capital Management will imple ment Advent's Moxy OMS and the vendor's Advent Portfolio Exchange (APX), an integrated portfolio and client-relationship management platform. According to Advent, Evercore had previously relied on…
Holland Park selects Algo Risk Service
Holland Park Risk Management (HPRM), a Toronto-based independent risk management adviser to pension fund managers in the US and Canada, has signed a three-year contract for the Algo Risk Service, Algorithmics' outsourced risk management and portfolio…
Reduced latency for SunGard's GL Net global order-routing service
SunGard has deployed new ultra-low latency market data distribution (MDD) servers for GL Net, its market-data and order-routing network. GL Net customers are now able to access highly scalable and enriched market-data flows delivered at a microsecond…