Best execution
Misys Unveils Global Back Office System
London-based financial software vendor Misys has launched its new Global Back Office system today at the Sibos 2013 event in Dubai.
Carnegie Chooses Tbricks for Pricing and Market-Making
Swedish investment bank Carnegie has selected automated trading systems provider Tbricks to support its pricing and market-making activities with options and exchange-traded funds (ETFs).
Liquidnet Expands Suite of CMS to Europe Members
Trading network Liquidnet has announced the expansion of its commission management services (CMS) to members in Europe in order to reduce conflicts between best execution and commission payments, and increase transparency.
Fidessa Hooks Up With Susquehanna Affiliate for Options
Global Execution Brokers (GEB), a member of the Susquehanna International Group, is now offering options execution capabilities to members of the Fidessa community. The 750 brokers on the Fidessa network can now route order flow to Susquehanna, a large…
Traiana Expands Harmony ClientLink into Equities and Fixed Income
Post-trade services vendor Traiana has expanded Harmony ClientLink’s cross-asset capability to the equities and fixed-income markets to improve the cross-asset straight through processing and allocation platform.
Bank of Korea Turns to Calypso for Portfolio Management
Bank of Korea, responsible for managing the world’s seventh largest foreign reserve of $329 billion, has gone live with Calypso Technology’s portfolio management solution.
Kepler Capital Markets Selects smartTrade’s LMS for Hybrid Inflation Platform
Paris-based interdealer broker Kepler Capital Markets has chosen smartTrade Technologies’ Liquidity Management System (LMS) to develop its hybrid auction platform for inflation products.
Ruffer Partners Calastone for Automatic Trade Notifications
Ruffer LLP, a London-headquartered investment management firm, has partnered with fund transaction network Calastone to launch a new automated trade notification service.
Trading Technologies Links to GovEx
Trading Technologies (TT) says it will connect with GovEx, a flexible execution platform for US Treasuries and part of State Street's eExchange offering, in the first half of this year.
Integral Launches Currency Trading System
Integral Development, a Palo Alto, California-based vendor, has launched a new currency trading system for investment managers.
TradingScreen, FXall Compete for Axa's Affections
Axa Investment Managers, a Paris-headquartered asset management firm with £460 billion (approx. $730bn) under management, has begun implementation of TradingScreen's execution management system (EMS), TradeEMS.
Second Time Around, Corporate Bonds Platforms Putting Interface First
Benchmark Solutions and iTB both aim to make corporate debt tools elegant as trading in the asset class incrementally goes electronic. Their interfaces illustrate two approaches, fit to purpose.
BATS Admits Price Execution Error
BATS Global Markets has notified its customers that a system error dating back to 2008 may have resulted in the execution of a multitude of trades at prices lower than the national best bid and offer (NBBO).
ConvergEx Improves Asia-Pac Algos
ConvergEx has made enhancements to its execution capabilities in the Asia-Pacific markets.
Multi-Bank FX Platforms More Ubiquitous, Less Popular
Foreign exchange (FX) traders are getting more comfortable with algorithms and electronic platforms, says Ugur Arslan, CEO of New York-based quant fund AienTech, at a webinar hosted by Lexington, Mass.-based complex event processing (CEP) software vendor…
Norwegian Brokerage Taps Neonet for Execution
Norwegian brokerage firm Christiania Securities AS is to outsource its execution services to Neonet.
CIMB Securities Consolidates Asia-Pacific Operations With Fidessa
CIMB Securities, a Kuala Lumpur-based provider of execution and order management services, has expanded its use of Fidessa's software-as-a-service (SaaS) trading platform to consolidate its sell-side operations in Asia.
Informed Portfolio Management Taps Portware for FX
The Stockholm-based investment manager Informed Portfolio Management (IPM) will use Portware FX in a bespoke, end-to-end solution that mirrors a growing trend in buy-side currencies trading.
Neonet Signs Prize Capital Markets
Oslo-based broker Prize Financial has selected Neonet for its managed execution services.
CERN Implements TradingScreen for Pension Investments
The European Organization for Nuclear Research (CERN) has selected TradingScreen to streamline its pension investment operation and provide best execution.
Vega-Chi Unleashes Credit ATS for Institutional Investors
Vega-Chi, which has operated a multilateral trading facility in Europe for several years, has launched a credit alternative trading system (ATS) that will allow firms in the US to match specific credit products without intermediation.
Double-Edged Sword: Rules of Engagement, Risk Mitigation to Differentiate Liquidity Sources
Venues for liquidity provision abound, but buy-side confidence in them remains fuzzy. Right now, the strategy is deploy everywhere, do your homework before sourcing, and always know the way out.
Neonet Adds Access to Greek, Turkish Equities
Swedish execution services provider Neonet has added access to the Athens and Istanbul stock exchanges.