CME Group, IPC Systems, TMX and more…

Derivatives exchange CME Group has announced a co-location service, comprised of hosting, connectivity and support services, to be launched on 29 January 2012.
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CME Group to support co-location 

Derivatives exchange CME Group has announced a co-location service, comprised of hosting, connectivity and support services, to be launched on 29 January 2012.

The new service is intended to allow for the lowest possible latency connectivity for trading all products on the CME Globex platform, and will run out of the company’s data centre in the Chicago suburbs.

“Our new CME co-location services provide fair and equal access by offering all customers equal pricing, the same terms and conditions, as well as equal lengths of fibre between customer cabinets and the CME Globex platform or connections to carriers,” said Bryan Durkin, chief operating officer for CME Group.

IPC connects to Russia 

Trading communications firm IPC Systems has expanded its high-performance voice and electronic connectivity services network direct to Moscow and other Russian destinations, for Russian trading firms.

IPC cites growth in trading and increasing market data demands from Moscow-based firms as incentive for its project, completed together with local partners Statel and Cable & Wireless Worldwide. The upgrade will allow Russian trading firms to gain direct access to IPC’s global financial community, which consists of 4,000 market participants and 50 liquidity venues.

IPC’s global network interconnects the world’s major financial centres across 700 cities in 60 countries with low-latency connectivity in support of all aspects of the trade lifecycle. The company aims to provide the best possible trading network to connect buy- and sell-side firms, market data providers, interdealer brokers and global liquidity venues.

“Along with Turkey, the UAE and South Africa, Russia represents one of the fastest emerging and highest performing markets in EMEA,” said Richard Petrie, vice president of Network Operations EMEA for IPC.

IRESS turns to TMX Atrium for Canadian connectivity 

Trading solutions vendor IRESS has chosen TMX Atrium, a subsidiary of Canadian exchange group TMX, as its Canadian network connectivity provider as part of the IRESS Optical Network (ION).

TMX Atrium was acquired by TMX Group in July 2011. Atrium is a provider of low-latency infrastructure solutions for the North American and European markets.

Designed to support IRESS, the ION infrastructure integrates high-speed delivery of the IRESS order management system, FIX routing, smart order routing and consolidated market data services. Through the agreement, IRESS has obtained ultra-low latency connectivity to all lit and dark Canadian markets through direct access to TMX Atrium and the TMX information processor. In addition, TMX Atrium clients will have direct connectivity to IRESS.

“We’re excited to be able to leverage the significant stability, ultra-low latency and connectivity benefits of TMX Atrium as part of ION through this agreement,” said Jim Davies, president and CEO of IRESS Canada. “Providing high-speed access across marketplaces is critical to our commitment to offering the best possible execution options.”

Americas Trading Group opts for Corvil latency management 

Americas Trading Group (ATG) has chosen a latency monitoring system provided by specialist firm Corvil to monitor the performance of its Latin American trading platform.

ATG offers access to a portfolio of low-latency services connecting investors, broker-dealers and key market places across Latin America via a single execution platform. Customers use ATG’s execution platform to access services including global market access, locally developed algorithms, market data, trading screens, monitoring tools, latency and availability reports.

In choosing CorvilNet, ATG highlighted the latency navigator – business level dashboards that display metrics and performance targets, including transaction latency, market data quality and network microbursts.

Corvil technology measures and reports on hop-by-hop latency for the full order lifecycle, including gateways, smart order routers and infrastructure.

“The Brazilian and broader Latin American markets are undergoing a rapid adoption of higher performance and lower latency technologies to meet the emerging demand of trading clients,” said Donal Byrne, CEO of Corvil. “ATG is taking a progressive approach in its plans to deliver performance metrics for its services in real-time and in a fully transparent manner.”

Activ Financial extends market data coverage 

Low-latency market data provider Activ Financial has expanded its coverage into emerging markets with the addition of over 80 new exchanges in the African, Caribbean, Eastern European, Middle Eastern and South American regions.

The addition of these new markets brings Activ’s global exchange coverage of equities, futures and options to nearly 200. Activ now carries two consolidated Forex feeds and processes seven direct bank FX desk feeds in the same API, on its Activ platform. Each of these feeds provides access to locally aggregated raw direct exchange feeds as well as globally aggregated exchange feeds via ActivFeed and ActivNet combined with full co-location.

“With exchanges in emerging markets upgrading systems to compete on a global scale, Activ is able to connect to their feeds and in cases of electronic markets, co-locate ticker plants quickly to provide local access to low-latency and global access to distant market data,” said Frank Piasecki, president, Activ Financial.

RTS launches ultra-low latency algo suite 

Trading technology provider RTS Realtime Systems has released details of its RTD Tango algorithmic trading solution, which can provide gateways to major exchanges with latency of 10 to 15 microseconds.

The suite also contains new features for the RTD Tango Trader hybrid click and algorithmic solution and the product TRD Tango QUANT geared towards quantitative traders.

The new RTD Tango Ultra Gateway connects firms to all CME Group and Intercontinental Exchange futures markets with a latency of 10 to 15 microseconds – more than 10 times faster than a version announced last year. The RTD Tango Ultra Gateway will add similar connectivity to venues eSpeed and BrokerTec by the end of the year, with more exchanges planned in 2012.

RTD Tango trader was launched in May 2010 to combine click and algo trading and enable brokers, traders and clients to benefit from customised algos. The new generation aims to take the offering one step further by providing customised or pre-coded off-the-shelf algos that firms can deploy across trading desks without the need for internal development.