Solutions
FIX Protocol Ltd, the non-profit, industry-driven standards body for global financial trading, has changed its name to “FIX Trading Community”.
A new website has also been created as a platform where the global FIX community can meet and exchange knowledge.
Since its launch over 15 years ago, the organisation has achieved success in developing and encouraging adoption of the FIX messaging standard, which has become the language of the global financial trading community. In recent years the organisation has expanded its focus to more effectively support market participants faced with the emerging business and regulatory issues impacting multi-asset
Warsaw Stock Exchange (WSE), the largest exchange in Central Europe, and Aquis Exchange, the proposed pan-European equities trading exchange, have entered into agreement to form an alliance.
Under the terms of the agreement, WSE will acquire shares representing 30 per cent of the total vote at the Aquis Exchange general meeting and the same share of the company’s profits and will have a right to nominate two non-executive directors to the Aquis Exchange board of directors. The total transaction value is GBP5m and will be covered by WSE’s equity.
The investment aims at diversifying sources of WSE Group’s
BCS Prime Brokerage has launched the fastest ultra low latency data line yet between London and the Russian Exchange in Moscow.
The development now exclusively allows BCS Prime clients the opportunity to trade equities, derivatives, FX, and other financial products between the two financial centres in the most time and cost efficient manner.
It is the first ultra-low latency data line with a sub-39 millisecond connection between Moscow’s M1 data-centre and the InterXion in London, ensuring the best available line between the two financial centres. There will be additional geographically diverse back up locations via Frankfurt
According
Eze Software Group has released RealTick UltraLite, a mobile trading platform for Apple, Android and web browsers that extends the fundamental trading, market data and risk management capabilities of the RealTick EMS beyond the traditional desktop system.
Clients can leverage RealTick UltraLite to manage orders and positions, look up quotes, and enter or cancel trades from any HTML5-compliant mobile device, tablet, or major desktop web browser.
The platform supports trading in equities, options, futures, FX, and fixed income.
"In today’s fast-paced market it has become increasingly important for investment managers to have the flexibility to manage trade
FlexTrade Systems has completely integrated with OTC Link, a wholly-owned subsidiary of OTC Markets Group, to support trading and market making on OTC Link’s SEC registered alternative trading system, OTC Link ATS.
The new functionality integrates OTC Link ATS’ capabilities seamlessly into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products.
“We now provide OTC Link’s broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX, OTCQB and OTC Pink securities,” says Vijay Kedia, president and chief executive of FlexTrade. “Our objective is to address trading needs that are not widely available
Global commodities and financial markets brokerage Marex Spectron Group has completed the arrangement of a term deal for Australian 5500NAR high ash thermal coal, intended for delivery throughout 2014.
The transaction was concluded between an Australian producer and an Asian utility.
The deal was the first brokered term deal executed with price reference to Argus / McCloskey’s API5 Index, which has been credited with providing market participants with a more precise reflection of the market for mid-CV high ash thermal coal in the Asia Pacific region.
“This transaction is further testament to the growing confidence in, and use
Liquidnet, the global institutional trading network, has expanded its commission management services (CMS) to members in Europe.
Since 2011, Liquidnet has offered a suite of commission management solutions designed to reduce the conflicts that stem from the simultaneous pursuit of best execution and the need to manage commission payments.
Liquidnet’s CMS services available to members across Europe will include:
• Liquidnet Commission Analyzer – Designed to help traders maximise every commission as they track against research targets. The Web-based interface provides buy-side institutions with the ability to gain immediate insight into their commission spend and balances on
NYSE Euronext has reported global derivatives average daily volume (ADV) of 6.4 million contracts, excluding Bclear, in July 2013, an increase of 3.2 per cent compared to July 2012 but a decrease of 27.1 per cent from June 2013.
NYSE Euronext European derivatives products ADV in July 2013 was 2.8 million contracts, excluding Bclear, an increase 5.4 per cent compared to July 2012, but a decrease of 33.1 per cent from June 2013 levels.
Including Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives ADV decreased 2.7 per cent compared to July 2012, and
eVestment, a provider of institutional investment data intelligence and analytic solutions, has launched an attribution platform offering integration into eVestment Analytics.
Delivered via a SaaS platform, eVestment Attribution serves professionals in the institutional investment market including asset managers, consultants and plan sponsors.
For asset managers, the new attribution platform offers a deeper level of competitive analysis while continuing to safeguard sensitive manager-holdings information from competition.
For consultants and plan sponsors, the platform offers a more efficient way to use attribution as a natural part of manager selection and monitoring processes.
Using holdings data already present in
Smonik Investment Systems, a provider of integrated back-office solutions for the investment management community, has added 24/7 support increased client demand for straight-through reconciliation services.
Smonik has doubled its client base in 2013, and the firm now provides reconciliation services to five of the top 10 hedge funds in Boston. Smonik clients range from start-up to multibillion-dollar hedge funds, as well as fund of funds and fund administrators.
Smonik’s recent growth is attributed to investment managers increasingly looking to streamline operations by automating middle- and back-office workflows around data management, trade reconciliation and reporting. Through automation, firms are
