Redkite, MarketPrizm, RTS-MICEX and more...
real-time surveillance via Options PIPE
Redkite Financial Markets, a provider of market surveillance
systems, has deployed its flagship market surveillance product, Redkite
Surveillance, on the Private Financial Cloud services platform run by
technology company Options IT.
Exchanges, buy- and sell-side firms can now use the
surveillance solution within days by establishing
a FIX connection to a managed Redkite Surveillance installation running on the
Options PIPE platform.
Redkite Surveillance allows financial risk and compliance
officers to monitor their firm’s trading activity in real-time, demonstrating
to regulators that their risk management and compliance systems are running on
the same real-time standard as front-office trading systems.
“Risk management and compliance systems have lagged behind
the front-office trading systems for some time, which have exposred firms to a
higher level of risk, both in the market and from regulatory action,” said
Justin Amos, co-founder and COO at Redkite. “With Redkite Surveillance we are
providing a risk and compliance solution that was built to math the real-time
standard long established in the front office.”
PrizmScope data cloud service
Market data and trading services firm MarketPrizm and tick
database and complex event processing firm OneMarketData are planning to launch
PrizmScope Tick Data Cloud Service.
PrizmScope will provide hosted analytics covering real-time
and historical market data encompassing depth of book, trades and quotes for
all major equities and derivatives markets in the EMEA region. The service will be
available in Q3 2012. It will be delivered by cloud infrastructure and can be used with signal generation, market analysis, strategy back-testing, transaction cost
analysis and compliance applications.
The product aims to make it quicker and easier for investors
to access and manage large quantities of historical data. PrizmScope users can
run analytics on trade and quote data, merged order books and custom data sets
as needed by selecting real-time or historical market data for specific ticker
symbols, data fields and time frames.
“Our PrizmScope Tick Data Cloud service is designed to meet
financial institutions’ ever increasing need to store and efficiently manage
historic data,” said Tanuja Randery, CEO of MarketPrizm. “Typically, historical
data solutions are expensive and difficult to manage. We have worked to
overcome these problems for our clients by deploying a scalable, powerful ready
to use, analytical solution on our own infrastructure.”
access to Russian exchange through FX cloud
International investors can now access Russian ruble
liquidity on the country’s MICEX-RTS exchange via FX Cloud, the trading solution
provided by FX platform provider Integral Development.
Participants on Integral’s FX Grid, a global connectivity
and trading network that links electronic communications networks and market
making banks to FX market participants, can access all currency pairs and
tenors available on MICEX with no need to build an adapter or wait for a
leased line to be put in place.
“Russia is becoming more and more important to FX market
participants around the world and MICEX-RTS is at the centre of this rise,” said
Harpal Sandhu, CEO, Integral Development. “Like all of our services, our
connection is delivered in the cloud. Participants on FX Grid simply sign up
for it and are instantly connected to this leading exchange in Russia.”
launches global HFT network
Indian infrastructure company Tata Communications has
launched a low-latency network designed to facilitate high-frequency trading (HFT) in major financial capitals spanning Asia, the UK and the US.
Designed for companies that are latency-sensitive, the
network will enable firms to execute trades between locations
including London, Hong Kong, New York and Singapore in milliseconds
through a single network.
Customers can build multi-point low-latency networks that
communicate from city to city rather than exchange to exchange. The Tata
network has been designed to offer up to 35% savings on circuit and operations
costs. Latency is measured every five minutes on a 24/7 basis, up to two
decimals after the millisecond range between each point of presence. All data is stored for trend analysis.
“Tata Communications has been an aggressive early-mover in
Ethernet and currently offers the largest multipoint-to-multipoint service
network in the market,” said Joel Stradline, principal analyst and financial
research firm Current Analysis.
BT adds Sao Paulo to international network
UK-based telecoms provider, has added connectivity to Sao Paulo to its Radianz
Venue suite of managed network services.
Venue provides market participants with optimised latency interconnectivity
between and within data centres internationally. The
extension of the service to Sao Paulo is set to improve access to liquidity for
the BT’s clients across Latin America.
institutions are already part of the BT Radianz Cloud in this region.
America’s financial markets have become increasingly attractive to domestic and
global investors and demand to access the opportunity in the region has
increased,” said Tom Regent, president, global banking and financial markets
and sales and marketing, BT Global Services. “BT Radianz Venue represents a
significant development in the provision of hosting capabilities and lowest
latency between trading venues and financial centres.”
New BMV front-end to be powered by RTS
RTS Realtime Systems Group,
a global trading solutions provider, will use a customised version of
its front-end technology to power a new front-end for the Bolsa Mexicana de
This move builds on the
relationship between RTS and BMV that was initiated when the technology company
built technology for MexDer, the Mexican Derivatives Exchange owned by
the BMV Group, more than three years ago.
The expanded provision
allows members of BMV and MexDer to access the Mexican equity and derivatives
markets and their market data on one exchange-provided trading screen.
Additionally, BMV members will have the ability to use RTS risk
management technology to control access to all available asset classes.
“As our members are increasingly interested in
trading across asset classes, this new deployment will bring them the
opportunity to easily access and participate in the equity and derivatives
markets alike,” said Alfredo Guillen, COO, equity markets, BMV.
Migdal Stock Exchange
Services added to the SunGard Global Network
Israeli brokerage Migdal Stock Exchange Services has joined
trading technology provider SunGard’s Global Network, a trade automation and
Migdal provides stock exchange services to private
investors, private and public companies, and institutional clients and is a
member of the Tel-Aviv Stock Exchange (TASE). Through admission to the SunGard
Global Network, the firm can now offer its clients trading services and
research expertise covering the Israeli capital markets.
Members of the SunGard Global Network will also benefit from
the ability to trade securities listed on TASE through Migdal.
“Buy- and sell-side firms are expanding their
trading activities to reach dynamic economies such as Israel," said Phillipe Carré, global head of connectivity for SunGard’s capital markets business. "As the addition
of Migdal shows, SunGard continues to extend its emerging markets connectivity
to help customers reach more trading destinations quickly and efficiently,
helping them capitalise on trading opportunities in these countries.”