Trading Tech
Merlon Capital Partners Expands with SimCorp
Sydney-based Merlon Capital Partners is now using SimCorp Dimension's Front Office suite after a two-month deployment, extending a relationship first established in 2010.
Custom Connect Beams up Bevaart to CTO Role
Netherlands-based Custom Connect, a provider of carrier-neutral fiber and microwave connectivity services has appointed Rutger Bevaart as its new chief technology officer and lead architect, and has incorporated Bevaart's company, Xconnect24, a provider…
NBAD, Celer Partner on Electronic FX
National Bank of Abu Dhabi says it will partner with London-based Celer Technologies to develop global market e-commerce applications for foreign exchange (FX) and related markets.
State Street Taps Calastone for Order Routing Service
State Street Global Advisors (SSgA) went live on the Calastone order routing service for its range of UK- and Luxembourg-domiciled funds.
Icap Taps IPC for Voice Trading Connectivity
The global interdealer broker will now use trading communications provider IPC's Trader Voice service, in addition to its Connexus extranet and Direct Connect ethernet data service.
Horizon Software Provide DMA for Moscow Exchange
Paris-based Horizon Software has announced it now provides low-latency direct market access (DMA) to the Moscow Exchange (MOEX), specializing in equity and derivatives.
June 2014: HFT: No Longer a Whale of a Time
Despite recent buzz, high-frequency trading does not present opportunities to just anyone, as Victor points out that the feeding frenzy has shut out all but the most highly advanced firms.
European Firms Grapple with Algo-Tagging Rules
Although the flagging and tagging of algorithms is only currently required in Germany, under the German HFT Act, it is slowly making its way into Pan-European law. Marina Daras looks at the German rule to see how the algo labeling requirement under Mifir…
Advent Unveils Plethora of Product Suite Enhancements
For the first time in 2014, Advent Software has rolled out new product enhancements for Advent Geneva, Advent Portfolio Exchange (APX), Moxy, Advent Rules Manager and Advent Revenue Center.
Traiana to Provide Pre-Trade Credit Checks to Buy-Side Firms Trading on SEFs
Traiana has added capabilities to its pre-trade credit checking hub CreditLink to enable streamlined post-trade processing for buy-side firms trading electronic credit default swaps (CDSs) and interest rate swaps.
Empirasign Bows MyData Excel Integration Web Service
Empirasign Strategies, a New York-based provider of fixed income dealer offerings and trade color, has rolled out Empirasign MyData, which allows users to upload a list of bond tickers to Empirasign's website and have the vendor return updated prices for…
BT Partners With Korean Koscom to Build Liquidiity Hub
BT has partnered with Korean financial technology provider Koscom to provide new trading opportunities on the Korea Exchange (KRX) and help attract global investors to the region.
Maitland Taps StatPro for Portfolio Analytics Tool
Maitland Fund Services has implemented StatPro Revolution, the vendor’s cloud-based portfolio analysis platform, in order to provide daily performance, risk, contribution, and attribution analysis to its clients.
Eurex to Launch FX Contracts in July
Eurex, the German exchange operated by Deutsche Boerse, has announced it will offer foreign-exchange (FX) futures and FX options on six currency pairs beginning on July 7 2014.
Sprott Asset Management Picks SS&C for Settlement Notification
California-based Sprott Asset Management has selected SS&C's Technologies' SSCNet for automated settlement notification. The global network will enable trade communication between Sprott and its broker-dealers, custodian and prime brokers.
Nasdaq Completes eSpeed Datacenter Migration
Nasdaq OMX's eSpeed US treasuries trading platform has completed its migration to Nasdaq's datacenter in Carteret, NJ, resulting in a 100 microsecond improvement in market data distribution, and a 25 percent improvement in roundtrip order-entry response…
Horizon Integrates Azul’s Zing to its Trading Platform
Front-end trading solutions provider Horizon Software has partnered with Azul Systems to integrate Zing, Azul’s Java runtime product, to its electronic trading platform in order to enhance application productivity.
eSpeed Completes Migration to Nasdaq OMX Data Center
eSpeed, the electronic trading platform for the US fixed-income market, acquired by the Nasdaq OMX group in April 2013, has completed its migration to the Nasdaq OMX data center in Carteret, New Jersey.
4th Story Combines Market, Fundamental Analytics, Boosts Analyst Automation
San Francisco-based data and trading software developer 4th Story has unveiled a new tool for analysts and portfolio managers that runs analytics on a combination of traditional price data and fundamental information, and which also automates time…
SMA Eyes Front-Office Traders, PMs with Social Indicators Excel Add-in
Social Market Analytics, a Naperville, Illinois-based provider of trading signals derived from analysis of social media sentiment, is rolling out a Microsoft Excel spreadsheet add-in to make its proprietary S-Factor sentiment scores more accessible by…
Pragma Launches Spot FX Trading Tools
Pragma, a New York-based algo technology specialist, has released Pragma360, a suite of spot FX trading tools. Pragma360 includes algorithms, transaction cost analysis (TCA), smart order routing, risk controls, and an EMS front end.
Former ISE Exec Soule Boards Redline
Jeff Soule, former head of market data at the International Securities Exchange, has joined Woburn, Mass.-based low-latency feed handler provider Redline Trading Solutions as vice president of business development, responsible for bringing new data…
Boutique Options Shops Ponder Exit, Improvements as Opportunities Narrow
Citing fragmented markets, IT costs, and larger market makers' increasing dominance, a panel of proprietary traders discussed what ails options firms at this year's Options Industry conference, recently held outside Austin, Texas. Though not every…
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…