Deutsche Börse, Neonet, Bluecrest Capital and more…

Deutsche Börse has released the latest version of its Xetra trading system, with new functionality including letting a market or limit order to be linked to selected market events.

Deutsche Börse releases Xetra 13.0 

Deutsche Börse has released the latest version of its Xetra trading system, with new functionality including letting a market or limit order to be linked to selected market events.

The new release can also record and automatically confirm OTC transactions for defined central counterparties to reduce risk. It also includes FIX Gateway interface, which uses widespread international standards.

“The new order-on-event type on Xetra is unique in Europe. This innovation sets international standards and in so doing emphasises the leading role in competitiveness of our trading system,” said Rainer Riess, the outgoing managing director of Xetra Market Development.

Neonet chosen as outsourcing partner by Christiania Securities for non-core business 

Trading solutions provider Neonet will provide all trading and execution for Norwegian brokerage firm Christiania Securities, allowing the firm to focus on its core business of technical stock analysis.

Christiania is a long-time member of the Oslo Børs and Nasdaq OMX and provides institutions, companies and private investors with research and brokerage services.

“Looking at different alternatives, Neonet’s execution service solution proved to be the best fit for us. It gives us a leading technical platform with extensive market access together with superior execution quality through Neonet’s smart order routing technology," said Oddbjørn Holllen, CEO of Christiania Securities.

Calypso to power Blucrest Capital front office trading 

Global hedge fund BlueCrest Capital Management will use platform provider Calypso Technology’s front-office solution to support its funds.

The Calypso solution will support BlueCrest’s order management, trade capture, lifecycle management, real-time position and risk management, across asset classes including derivatives, bonds, FX and equities.

“We needed a solution which would support our growth initiatives, whilst also consolidating our current trading platforms systems. Calypso’s established front-office trade capture system was an obvious choice,” said Donal Fleming, CTO at BlueCrest.

Interactive Data enhances feed handler 

Interactive Data, a provider of market data services, has released a new version of its RMDS Feed Handler, with lower latency.

The upgraded feed handler will offer the firm’s consolidated feed over a customer’s market data platform without any re-engineering, as data is presented to applications using the same models they were designed to use.

“There can be an extremely high level of re-engineering required across every existing application that must integrate with a new feed service. Our high performance and scalable feed handler is designed to alleviate this challenge for customers,” said Emmanuel Doe, president, Trading Solutions Group at Interactive Data.

Object Trading appoints new director of marketing 

Direct market access provider Object Trading has appointed Dan Hubscher in the newly created role of director of marketing to support the firm’s global growth plans for its FrontRunner products.

Hubscher comes from Progress Software Corporation where he managed marketing for algorithmic trading, e-commerce and market surveillance and has also worked for BT Radianz in sales of electronic trading products.

“Dan is a terrific addition to the Object Trading team. His knowledge of the industry and marketing expertise will drive our global efforts to build the leading brand that firms turn to for high performance market coverage,” said Steve Woodyatt, CEO of Object Trading.