BT teams with ING to extend access to Russia
Members of UK telecoms provider BT’s Radianz Cloud connectivity network now have expanded access to Russia following a deal with banking group ING.
The 15,400 users of the BT Radianz network will now be offered a secure connection to ING’s brokerage, cash management, custodian and other investor services in Russia. Services available include direct market access to Russian stock exchange MICEX RTS for real-time pre-trade risk monitoring, high-speed order entry, co-location, trading multiple asset classes and ING custodian and cash management services.
“As it supports the world’s largest secure networked financial services community, BT Radianz Cloud is the ideal eco-system for ING Bank to offer our services to a larger pool of global investors interested in trading on Russian markets,” Stanislav Yarushevichus, deputy head of financial markets, head of trading department, ING.
ING first joined the BT Radianz Cloud community in May 2011.
Trad-X to distribute euro IRS data via major vendors
Tradition, a global interdealer broker, will make data from its Trad-X hybrid trading platform for OTC derivatives available via data vendors Thomson Reuters and Bloomberg from next month.
From 1 March, traders will have access to Trad-X data on their desktops and have the ability to licence its use with non-display applications.
Data will initially be available for euro-denominated interest rate swaps and will include real-time executable best bid and offer prices across all active tenors, streamed directly from the 11 banks that founded Trad-X, comprising BNP Paribas, Citi, Credit Suisse, Goldman Sachs, HSBC, Morgan Stanley, Nomura, Société Générale, Royal Bank of Scotland, and UBS.
“Tradition and its founding partners fully anticipate that Trad-X data will become a benchmark price for the euro IRS market. We have therefore been working closely with data vendors to deliver this key data set,” said Daniel Marcus, managing director of strategy and business development at Tradition.
Rule Financial expands following solid annual growth
Rule Financial, a business and IT consultancy for the investment banking community, has announced a number of new senior hires.
The new additions will join the firm’s New York, London and Lodz, Poland.
New additions include Ciaran Henry, who joins Rule’s New York office having recently held managing director roles at Merrill Lynch, J.P. Morgan Chase and Credit Suisse. Henry will report to Rule Financial CEO, Chris Potts. In London, Jim Warburton, formerly of Citigroup and Credit Suisse, joins the firm as global head of the investment banking domain group, which will lead the development of client-focused propositions.
Reporting to Warburton is new hire Jeremy Taylor, who will cover client offerings in the OTC derivatives area and related regulatory reforms.
Rule Financial has also reported a significant rise in annual revenue for 2011, citing the need for market participants to understand new regulations such as Dodd-Frank and Basel III.
“Growing the business in 2011 was a tremendous achievement for Rule Financial and a testament to the high quality work our specialists are performing within banks,” said Potts. “Our consultants are the foundation of our business and we recruit and develop domain experts who truly innovate to solve the needs of the world’s leading banks.”
KVH offers high speed secure data transmission
Asian telecommunications provider KVH is to launch a 10 gigabit ethernet leased line encryption service in Japan. Available on 1 March, the new service is intended to allow market participants to transmit data safely at high speeds.
The KVH service uses Ciena’s 5000 advanced services family’s encryption solution, which is equipped with Federal Information Processing Standard – certified encryption abilities, across KVH’s existing communications technology to ensure the data is secure.
It is intended to allow the secure transmission of highly sensitive business-critical data without impacting network performance. KVH believes its technology is significantly faster than other encryption services – a factor it hopes will confer a competitive advantage on users.
“Ciena’s network encryption solution helps to protect networks from potential attacks and security risks by combining optical transport technologies with standards-based encryption in a single infrastructure – minimising potential network failure and reducing costs,” said Anthony McLachlan, vice president and general manager, Asia Pacific, Ciena.
NovaSparks offers fast data feed handlers
Market data feed handlers provided by specialist financial technology company NovaSparks are now available for six trading venues – BATS' BYZ and BYX exchanges, Direct Edge, NYSE Arca, and level two data feed handlers for the London Stock Exchange and Turquoise.
The NovaSparks feed handlers process streaming data with an average latency of 400 nanoseconds and a maximum latency of 700 nanoseconds, according to the firm’s own data.
“Our FPGA Market Data Matrix feed handlers process the cash equity feeds in less than 700 nanoseconds, even during micro bursts and message volumes peaks,” said Yves Charles, CEO, NovaSparks. “No other commercial offering supports this claim.”
The FPGA Matrix is designed to eliminate latency fluctuations typically seen in conventional software.
NovaSparks is currently rolling out feed handlers for equity and futures exchanges across Europe and North America. CME, Nasdaq and Eurex are currently available.
Cameron Edge offers FIX analysis tool
Financial technology provider Cameron Edge has launched FIXinsight, a tool designed to help market participants analyse the activity of the trading day and answer questions such as what did the order book look like at an exact moment, what trading patterns were out of the ordinary, did an order get the best price available and what is the current status of an order.
FIXinsight is a service built to let users store and make sense of FIX logs. Users can employ FIXinsight to reconstruct any trading session from a FIX log, track the execution history of any order or fill, and drill down to the fully decoded details of each individual FIX message, field and value.
The basic level of service is free. There is also a paid level of use with greater upload and storage allowances. Members of FIX Protocol receive double the standard allowance in both the free and paid plans.
“FIX logs are the raw history of trading – the de facto consolidated tape,” said John Cameron, founder, Cameron Edge. “FIXinsight takes that raw data and uses it to recreate the state of your trading screen at any instant in the past.”