Euroclear, Nanospeed, Interactive Brokers and more…

Euroclear Sweden has launched a link to Euroclear Bank’s automated processing platform for cross-border and domestic funds, known as FundSettle.

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Euroclear Sweden extends fund universe via FundSettle

Euroclear Sweden has launched a link to Euroclear Bank’s automated processing platform for cross-border and domestic funds, known as FundSettle.

The Swedish central securities depository (CSD), part of the Euroclear Group, will now give users access to more than 80,000 foreign funds from over 25 markets.

Anders Löfgren, head of product management at Euroclear Sweden, said: “Greater fund processing efficiency is an area where our infrastructure role is adding value by slashing back-office processing costs and risks through automation and standardisation.”

The Swedish fund market had experienced an increase in net inflows, up SEK 430 billion (€484 million) on the previous year, according to the Swedish Investment Fund Association. This trend pushed Euroclear to strengthen its operational support to the Swedish investment industry.

NanoSpeed links to Eurex T7 platform

Hardware provider NanoSpeed has connected to the Eurex T7 platform and is providing access to eight partner exchanges, including Singapore Exchange and the Bombay Stock Exchange.

Eurex T7, which was developed by Eurex’s parent company the Deutsche Börse Group, is set to change the way traders and investors access market opportunities worldwide by reducing latency and increased throughput to Eurex’s market data, order book and trading Interfaces. 

Sanjay Shah, CTO of NanoSpeed, which offers sub-half microsecond latencies on trading interfaces, said: “Access to the new Eurex marketplace was added in response to client demand and is part of our ongoing programme of extending coverage to the most popular trading venues.

“We already offer access to 30-plus exchanges and this development will allow our clients to benefit from our latest latency reducing enhancements and various features.” 

NanoSpeed supports all asset classes on more than 30 exchanges, including Nasdaq OMX, CME, ICAP EBS and others.

TOM boosted with Interactive Brokers support

Retail sell-side firm Interactive Brokers has extended client connectivity to include access to Holland-based derivatives multilateral trading facility The Order Machine (TOM). This access will result in more than 50% of Dutch retail flow being executed on the TOM, the platform has predicted. 

Willem Meijer, CEO of TOM, said the decision by Interactive Brokers would further establish the platform as a central hub for retail execution in the region.

“After our launch one and a half years ago, TOM has created a highly liquid derivatives market with significant volumes and tight spreads. By adding renowned retail brokers like Interactive Brokers, the market quality will evolve even further, accompanied by growth in the market share that current is 30% in The Netherlands,” he said.

Nomura Asset Management extends Charles River IMS use

Japanese institutional investment house Nomura Asset Management will use Charles River’s front-office Investment Management System (IMS) to trade fixed income, foreign exchange and derivatives domestically and internationally after successfully implementing the system for its global equities trading operations.

Nomura Asset Management, which manages ¥33 trillion in client assets, has used Charles River IMS for its equity portfolio management, trading and real-time compliance.

"Charles River IMS is a scalable, multi-asset, multi-currency solution that consolidates numerous systems at Nomura into a global platform," said Masanao Tsuda, senior managing director, IT strategy and management, Nomura Asset Management. "It is a strategic choice to use the Charles River front-office solution globally, giving us the confidence to meet our regulatory audit requirements across the entire trade lifecycle."

CameronTec looks to Turkey for growth

FIX connectivity firm CameronTec Group has expanded its EMEA business to include Turkey as the country’s incumbent stock exchange, Borsa Istanbul, upgrades its trading infrastructure, providing greater scope for usage of FIX-related services.

CameronTec will host a FIX event on 3 April in Istanbul as part of efforts to target an expected growth in demand for FIX connectivity, as brokers look to upgrade FIX systems to access the exchange’s upgraded platform.

“CameronTec is expanding coverage in the EMEA region and working with the local Turkish market to provide best-of-breed FIX connectivity, trading infrastructure and associated services as the country undergoes this latest market transformation,” said Anders Henriksson, CEO, CameronTec Group.