SocGen, Bulgarian Stock Exchange, BVC

SOCGEN TAKES SONARIS/BONDS

Société Générale (SocGen) Sydney has gone live with bond pricing platform Sonaris/Bonds from Orimos, vendor officials say. Following clients' requests, Orimos is currently extending Sonaris product coverage to asset-backed and mortgage-backed securities, including Australian residential mortgage-backed securities, which should be available in the first quarter of 2008.

BULGARIAN STOCK EXCHANGE PICKS XETRA

Officials from the Bulgarian Stock Exchange (BSE) announced that the Balkan exchange will use Deutsche Börse's electronic trading platform Xetra. Deutsche Börse will also assume technological market control of the Sofia Stock Exchange, Deutsche Börse officials say. The five-year agreement provides that Deutsche Börse organize trading of approximately 500 securities for 81 Bulgarian participants, officials say. The trading system is currently being set up at the exchange and will go into production in the middle of 2008.

BVC TAPS TIBCO FOR SOA

The Bolsa de Valores de Colombia has selected Tibco Software to power its messaging, integration and service-oriented architecture (SOA) initiatives, say vendor officials. Among the vendor's offerings, the exchange plans to implement Tibco BusinessWorks, Enterprise Message Service, Rendezvous, Ajax Message and PortalBuilder. The exchange aims to leverage its IT infrastructure and enterprise data by integrating core exchange technologies. These deployments will also set the stage for the creation and re-use of new service-based offerings, officials add.

NYFIX RETIRES FUSION

Crossing network provider Nyfix has reached an agreement with Citi to migrate the last remaining Fusion order management system (OMS) users onto Citi's Lava ColorPalette OMS, say officials. Former Fusion clients using ColorPalette will have access to Nyfix's suite of electronic trading services through an integrated solution with Lava ColorPalette, and ColorPalette clients will continue to have access to the Citi Electronic Execution Service products, officials add.

REALTICK GOES MIFID

Users of Townsend Analytics' RealTick EMS now have access to a new virtual aggregated book feature that consolidates the entire market depth from multiple European exchanges and market sources into a single view, say vendor officials. By using RealTick's proprietary European symbol, known as .EUR, traders can view over 800 of the current equities on the Committee of European Securities Regulators (CESR) liquid stocks list, with more as they arise, officials add.

BROADRIDGE DEBUTS ECN CONNECTOR

Broadridge Financial Solutions has launched a new trade execution gateway, dubbed ECN Connector, say vendor officials. The platform links users of the vendor's online securities transaction processing system, Impact, to a number of ECNs for repo and outright trades, officials add.

FIX CITY ROLLS OUT IOINET MODULES

Indication-of-interest (IoI) network provider FIX City has launched two distribution products for the U.S. markets. The first, Ioinet:book, is a dedicated sell-side module that enables brokers to view all their IoIs, sent via direct connections and alternative IoI platforms. The second, Ioinet:stream, allows buy-side firms to view incoming IoIs from brokers and vendor solutions within the Ioinet application. The new offerings allow traders and dealers to aggregate IoI messages, providing a complete view of available liquidity, officials say.

IPC LAUNCHES NEXUS SUITE

Trading floor communications platform provider IPC has launched its session initiation protocol- (SIP)-based Nexus Suite that links elements of IPC's Network Services with the IPC Alliance platform to unify communications technology in real time, officials say. Users can now collaborate with peers, counterparties, and back-office personnel, switching back and forth seamlessly from one application to another, officials add.

THOMSON OFFERS MIFID TCA

Trading system and market data provider Thomson Financial has announced that its transaction cost analysis (TCA) platform, Thomson Transaction Analytics, is available in Europe to help clients fulfill Markets in Financial Instruments Directive (Mifid) best-execution obligations. The platform offers clients in Europe a hosted TCA and Web-based reporting platform that enables investment firms to prove compliance with their stated best-execution policy as well as to back-test, evaluate and refine that policy, say vendor officials.