Algorithmic Trading Archive

TABB Group's new industry benchmark study released yesterday, "Institutional Equity Trading in Europe 2007: The Buy-side Perspective", predicts that, driven by three distinct trends – unification, technology and transparency – Europe will create a far more efficient landscape for investors and asset managers than it has in the past. read more>

Instinet, an agency broker and wholly-owned subsidiary of Nomura Holdings, has released a "dynamic participation" algorithm called Sidewinder that automatically adjusts its volume participation rate as stock price moves relative to a benchmark, allowing traders to take advantage of "value" or "momentum" situations, the firm says. read more>

Progress Software, a supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, yesterday announced that it has enabled its Progress Apama algorithmic trading platform with 'software-as-a-service' (SaaS) read more>

Fidessa group yesterday announced that Maxim Group has gone live with Fidessa BlueBox. Available in the US, Canada, Europe and Asia, Fidessa BlueBox is an algorithmic trading solution providing sell-side firms with industry-standard benchmark strategies along with a framework for building their own proprietary models, the firm says. read more>

European financial group SEB (Skandinaviska Enskilda Banken SA) has adopted the Progress Apama Algorithmic Trading Platform to provide its buy-side customers with advanced algorithmic trading capabilities. read more>

Financial Services firm Credit Suisse made its algorithms available in the foreign exchange (FX) space last week. read more>

Citibank Alternative Execution is to make its algorithmic trading suite available to agency broker NeoNet's customers. read more>

UBS Investment Bank has chosen UL REACH, a product from trading solutions provider ULLINK, to publish algorithms to buy-side clients. UBS’s decision closely follows those of fellow investment banks Morgan Stanley and Citi. ULLINK announced earlier this week that both these firms were using UL REACH. read more>

Two big brokers have chosen UL REACH, a product from trading solutions provider ULLINK, to publish algorithms to their buy-side clients. read more>

Information provider Dow Jones & Company has launched Dow Jones News Analytics, a web-based software application that enables hedge funds and banks to build news-oriented quantitative models for algorithmic trading. read more>