NYSE Technologies, SunGard, FlexTrade and more…
NYSE Technologies and
Xignite unite for online market data
NYSE Technologies, the commercial technology arm of exchange
group NYSE Euronext, and Xignite, a provider of web-based market data services,
have launched a new service providing access to real-time, historical
and reference market data for all NYSE Euronext markets via the Internet.
Designed to extend the benefits offered by the NYSE
Technologies Capital Markets Community platform introduced in 2011, NYSE
Technologies market data web services are geared towards non-latency sensitive
clients and those in remote locations. The first phase offers real-time retail
reference pricing for NYSE, NYSE MKT and NYSE Arca markets.
Using a standard Internet connection, users can access NYSE
Euronext market data and customise it according to their needs, from developing
trading solutions for financial web portals to enabling Internet-powered
devices. The user interface offers data services from across NYSE Technologies’
full portfolio of market data assets. The second phase, scheduled for the third
quarter of 2012, will offer NYSE Bonds data, NYSE Liffe Level 1 and Level 2
data, and NYSE and NYSE MKT order imbalances.
DM BOS opts for
SunGard trading services
Polish OTC brokerage house DM BOS has chosen financial
technology provider SunGard’s Valdi and SunGard Global Network offerings for
direct market access and global connectivity.
The deployment will help DM BOS prepare for the launch of
a new NYSE Euronext-supplied trading platform at the Warsaw Stock Exchange (WSE) and help
expand its business by offering connectivity to global exchanges and a network
of trading participants.
Specialising in futures and options, DM BOS had the highest
futures trading volumes on the WSE in 2011. The firm will use Valdi’s automated
trading tools for auto-hedging, index arbitrage, market making and contract
rollover management. DM BOS will also use Valdi’s pre-trade risk management
tools, together with WSE market connections and integrated FIX connectivity.
Investimentos embraces FlexTrade algos
Brazilian investment management house NEO Investimentos has
deployed FlexTRADER, the execution management system provided by technology
firm FlexTrade Systems.
As part of the deployment, NEO Investimentos will also use
FlexTrade's pairs algorithm suite, called FlexSpread.
“We wanted a platform that would give us the coverage we
wanted while also allowing us to develop and implement our own algos and
trading strategies,” said Marcelo Cabral, founding partner of NEO
Investimentos. “While we were planning on writing our own pairs algos, we
reviewed FlexSpread and found it was perfect for our needs in trading Brazilian
equities, so we decided to have it included with the overall package.”
technologies unveils FX package
smartTrade technologies has released LiquidityFX, a packaged
liquidity aggregation and smart order routing system for FX built on the firm’s
liquidity management platform. LiquidityFX is designed to provide buy-side
market participants with access to deeper liquidity, better prices, improved
hit ratios and reduced slippage.
Available as a hosted or standalone system, LiquidityFX can
be deployed quickly and connects to more than 25 FX exchanges, electronic
communications networks and single bank platforms. It provides algo routing
strategies and best execution reporting features.
“The FX market structure is fragmented and pricing streams
vary widely, said Peter Atkinson, head of FX product management at smartTrade.
“LiquidityFX aggregates the pricing feeds and harmonises the information,
providing a real-time view of the top of book and market depth while preserving
the unique characteristics of the prices for use by the smart order router.”
Activ Financial and
Enyx offer low-latency Canadian solutions
Low-latency market data provider Activ Financial is now
offering market data from all Canadian exchanges and alternative trading
Activ will offer customers market data from the Toronto Stock
Exchange, TSX Venture, Montreal Exchange and Alpha Exchange. The expansion provides traders interested in Canadian equities with
access to information from all marketplaces.
Activ will also be providing its North American clients
normalised Canadian market data through the firm’s aggregation product, Virtual
Book. Originally developed for US equities and adapted for FX trading, Virtual
Book can be used by any organisation interested in receiving a consolidated
view of Canadian order books either aggregated by price, broker or market.
The tool enables traders to view multiple feeds simultaneously, removing the
need to manually organise information.
Meanwhile, ultra-low latency trading solutions provider Enyx
has added support for alternative trading system Chi-X Canada to its
field-programmable gate array-based trading platform. The Enyx platform has a latency of below 1.2 microseconds, giving users faster order entry to Chi-X
The Enyx solution encompasses both market data acquisition
and order execution from the same hardware.
“Chi-X Canada is delighted to work with an innovative
provider like Enyx, and we remain committed to working with vendors that can
provide tools and products that enhance trading efficiencies for our
participants,” said Dan Kessous, CEO, Chi-X Canada.