Equinix provides further Asia connectivity
Solutions provider RTS Realtime Systems Group has expanded its Asia operations through Equinix’s Hong Kong International Business Exchange data centre.
RTS will offer increased low-latency connectivity across venues and asset classes in the Asia Pacific region on its global network.
“Hong Kong is strategically important for our growth plans. It is the main gateway into and out of China and a major financial hub,” said Andy Woodhouse, managing director, Asia Pacific at RTS.
Equinix will also offer further access into Southeast Asia’s largest economy with a new data centre in Indonesia to be built by Indonesian data centre firm PT DCI.
The data centre will offer Platform Equinix services including colocation, interconnection, support and monitoring, with a capacity for approximately 65,000 square feet.
Phase one of the data centre will be completed in Q1 2013.
ASX 24 feed trail on Interactive Data
Low-latency infrastructure provider Interactive Data has launched a trial feed of the derivatives market of the Australian Securities Exchange (ASX).
The feed will operate through Interactive Data’s 7ticks network offering existing clients a three-month real-time market data feed for ASX 24.
“ASX 24 offers near 24-hour trading in the SPI 200 Equity Index, with 30-day notes and 90-day bank bills, Australian Treasury bonds of three- and 10-year maturities, as well as the recent commodities addition to the platform Australian Grain Futures," said David Ritchie, vice president, regional manager, North American for ASX Limited.
SunGard offers rebate collection through Loanet
SunGard will offer automated rebate collection to streamline collection and settlement of rebates from firms borrowing or lending securities.
The Loanet Automated Rebate Collection service processes both matched and disputed rebates, automatically collecting rebates for matched payments, schedules their settlement and extracts and reports rebate collection data.
“Further automating the rebate collection process provides welcome relief from a time consuming and occasionally frustrating process. It also frees up important internal resources to focus on higher value-added tasks,” said Josh Galper, managing principal at securities lending consultant Finadium.
Thomson Reuters and BlackRock launch fixed income analytics
Market data providers Thomson Reuters will distribute a set of fixed income derived analytics from BlackRock Solutions.
The data will provide valuation of risk analysis on complex fixed income instruments and will be available to clients on Thomson Reuters DataScope Select and Thomson Reuters DataScope Onsite.
The analytics were designed to help portfolio managers mitigate portfolio risk and use BlackRock’s proprietary fixed income models.
“Using these analytics to manage portfolios, customers should feel confident that they have the most accurate view of the securities and instruments they hold as these are the same derived analytics that BlockRock and our clients use to manage their portfolios,” said Robert Goldstein, head of BlackRock Solutions.
Orange connects to Spain exchanges
Orange Business Services – Trading Solutions’ financial extranet TCSnet is now connected to Bolsas Y Mercados Espanoles (BME), the operator of all stock markets and financial systems in Spain.
Colocation connectivity at the Madrid-based exchange will let high-frequency traders access the market, providing increased flow, and lower latency.
“Since connecting to TSCnet, latency on BME’s new platform SMART has reduced considerably. It also facilitates trading of all BME products based on an infrastructure that ensures the highest operational standards, including guaranteed security and reliability levels,” said Vicente Linares, vice president Spain, Portugal, Latin America at Orange Business Services – Trading Solutions.
Volante and Rapid Addition offer end-to-end messaging
Technology provider Rapid Addition has teamed up with Volante to create an end-to-end messaging capability that supports the full trade cycle to improve straight-through-processing (STP) messaging.
The new messaging tools lets clients manage both FIX messaging in the front office and SWIFT-based messaging in the back office by linking to existing systems.
Rapid’s RA-Cheetah will operate the front office messages, while Volante will control other message formats with dash boarding and workflow capabilities.
“Implementation of message formats is not fully standardised and proprietary formats still exist. Achieving Straight Through Processing to reduce operational risk is now back on the agenda and we have teamed up with Volante to answer industry demands and produce a turnkey solution for our clients,” said Kevin Houstoun, chairman, Rapid Addition.
SteamBase provide analytics for Potamus Trading
Technology provider SteamBase Systems will provide trade performance and analysis through its LiveView system for broker-dealer Potamus Trading.
The platform lets Potamus manage operational and financial risk in real-time and enable live notifications and alerts on client orders, trade executions and other live trading events.
“SteamBase LiveView allows us to incorporate real-time analytics into our trading infrastructure, and assess trade performance. With a live view of trading activity and powerful real-time ad-hoc query capabilities, we can respond quickly and help our broker-dealer customers optimise their executions,” said Eric Pritchett, CEO of Potamus Trading.
IPC opens Geneva office
In an expansion largely driven in the Swiss market by energy trading, trading solutions provider IPC Systems will open an office in Geneva.
The office will provide sales, implementation, integration and local support services for trading floor communications solutions, network and enhanced services.
“IPC has been a recognised and trusted partner of the financial industry in Switzerland for more than a decade. Our new office allows us to continue to provide our customers with the top-of-the-line technology and outstanding local support hey have come to expect from IPC,” said Barry Purkis, senior vice president, EMEA for IPC.