Order Management Systems

Trading technology firm Charles River Development is planning to integrate its Investment Management System (IMS) with several more brokers’ algorithmic offerings over the next two months, following last week’s connection to Canadian broker CIBC World Markets’ inter-listed Canadian algorithms.

NYFIX, a trading solutions firm, has been chosen by BNY ConvergEx’s Eze Castle Software, an OMS provider, to supply its FIX engine.

Linedata Services, a financial software firm, has announced a strategic partnership with Altaira, a risk and portfolio management system provider, to incorporate cross-asset risk and analytics into the Linedata Services product suite.

Buy-side firms will increase spending on order management systems (OMSs) at a compound annual growth rate of 12% over the next four years to $699 million, according to a new study from research advisory firm TowerGroup.

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).

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.

Software solutions provider SunGard has launched a new suite of market access solutions aimed at improving execution quality in the equities markets.

BNY ConvergEx Group, an agency brokerage and investment technology solutions provider, has opened Eze Castle Software – Asia Pacific, a new office based in Hong Kong.

Advanced Financial Applications (AFA), an EMS/OMS trading technology provider, has expanded its asset class coverage to include global equity markets.

Shareholders in Financière Montmartre holdings, which own a majority stake in trading technology firm GL Trade, are considering strategic options, including withdrawing their participation.