Eze Castle, QuantHouse, ConvergEx and more…

IT solutions provider Eze Castle Integration has expanded cloud services to hedge funds based in Hong Kong and Singapore.

Eze Castle Integration expands in Asia 

IT solutions provider Eze Castle Integration has expanded its cloud services to hedge funds based in Hong Kong and Singapore.

The Eze Private Cloud will now be available to clients in the two Asian financial hubs and is used by 2,000 hedge fund professionals worldwide. It includes managed hosting across software applications, mobile services, disaster recovery and 24-hour system support.

“This latest expansion of the Eze Private Cloud reinforces our commitment to being the global technology partner to the hedge fund industry and fills a market need for fully managed cloud services that combine premier technology with exceptional client support,” said Serge Bukhar, executive director of international operations for Eze Castle Integration.

QuantHouse partners with Cisco for low-latency Asia link 

Trading solutions provider QuantHouse has teamed up with network systems firm Cisco to implement an ultra low-latency network across Asia for high-speed data transfer.

QuantLINK, the proprietary fibre optic network, and Cisco’s AlgoBoost technology on its Nexus 3548 platform will deliver market data to financial trading centre servers with latencies as low as 190 nanoseconds.

“Algo trading is a highly competitive and ultra-fast-paced world. We understand our clients’ priorities have to be reliability, flexibility and performance above all else. The latest expansion of our QuantLINK solution, together with Cisco’s offering, allows us to answer industry demands,” said Stephane Leroy, head of sales and marketing at QuantHouse.

Magellan selects ConvergEx Group’s Eze OMS 

Sydney-based Magellan Asset Management has chosen the Eze OMS system, run by ConvergEx, for its investment management processes.

The system will provide Magellan, which manages global equities, with cash ladder reporting, third-party integration, portfolio modelling, trade entre and compliance.

“Magellan sought a system to assist with portfolio management and trade execution and with robust pre-trade compliance functionality. Eze will assist by integrating their daily workflows with its flexible and robust software,” said Chris O’Connor, director of Asia-Pacific sales for ConvergEx’s Eze Castle Software.

Moscow Exchange and Deutsche Börse sign letter of intent 

European market operator Deutsche Börse and Russian’s Moscow Exchange have signed a letter of intent, paving the way for a strategic partnership.

The exchange organisations agreed to cooperate to facilitate further development of the financial markets and extend the links between Moscow and Frankfurt.

The letter was signed in front of Russian President Vladimir Putin and German Chancellor Angela Merkel last week, and will see the two firms team up on issues such as exchange infrastructure, product development, IT and rules and regulations regarding trading. 

“Both exchange groups are joined by a common understanding how to further develop equities and derivatives trading as well as clearing and settlement. The deepening of our relationship agreed today is a logical and welcomed step and is also part of our growth strategy,” said Reto Francioni, CEO of Deutsche Börse.

Activ appoints new strategy and business executive 

Market data provider Activ has appointed Will Kennedy as executive vice president, global strategy and business development.

Kennedy will oversee corporate strategy, business development strategic alliance and key global account initiatives and sales for the Americas and has more than 20 years experience, most recently as head of business development at Exegy. He has also held senior roles for ITG and Thomson Reuters.

“Over the past ten years, Activ has expanded from a US regional aggregator to a global multi-asset data provider. Through his experience operating at a senior level across a wide range of services in the industry, Will is clearly the man for the job,” said Frank Piasecki, president and co-founder of Activ.