Algorithmic Trading

Hedge funds are seeking more direct connectivity to execution venues as their search for alpha intensifies, according to Isabel Schauerte, an analyst in the securities and investments group at consulting firm Celent.

Fidelity Capital Markets Services, the institutional trading division of asset management firm Fidelity Investments, has added access to two broker dark pools to its DarkSweep liquidity aggregating algorithm and its CrossStream alternative trading system (ATS).

Almost a quarter of European buy-side traders believe transparency has reduced in the equity markets since MiFID was introduced, claims a new study from research firm TABB Group.

Spending by hedge funds and asset managers on alpha generation platforms will increase sharply over the next three years, according to a new report from Aite Group.

Front office software provider Fidessa LatentZero has integrated Credit Suisse’s Advanced Execution Services (AES) FX smart routing and algorithms into its Minerva order and execution management system (OEMS).

The London Stock Exchange and investment bank Lehman Brothers have joined forces to create a pan-European multilateral trading facility for non-displayed orders.

Neonet, an agency broker and trading technology firm, has integrated its suite of trading algorithms with the Fidessa LatentZero, InfoReach and Tbricks Genesis trading systems.

Japanese regulators may fine Credit Suisse after an apparent malfunction of its algorithmic trading services led to clients mistakenly placing large equities orders, according to today’s issue of Yomiuri Shimbun newspaper.

Fidessa, a trading solutions provider, has released a new Intelligent Liquidity Access strategy for US buy- and sell-side participants.

The development of algorithms over the near term will follow three distinct paths, according to Rob Maher, head of Advanced Execution Services (AES) sales in Europe at Credit Suisse.