Eze Software integrates RealTick Data
Investment technology provider Eze Software Group will make data from RealTik Data available on its order management system (OMS) Eze OMS and the Tradar PMS, so RealTick Data's cross-asset class market information can be accessed on these systems.
Eze Software clients will be able to use global market data and options analytics provided by RealTRick Data for portfolio monitoring, order valuation and impact calculation.
"Many of our clients are seeking to consolidate market data vendors in order to streamline their business process and create more cost-effective workflow. This integration offers our clients an alternative source for consistent and accurate market data that is cost effective," said Daniel Rooney, president of the RealTick EMS division for Eze Software Group.
Charles River updates FX trading solution
Trading technology provider Charles River Development has introduced electronic quotes and execution for foreign exchange in the Charles River Investment Management Solution (IMS).
The new solution is offered in partnership with web-based trading technology provider 360 Treasury Systems (360T) and has entered beta testing. Clients will be able to receive real-time quotes and execute trades from Charles River IMS to more than 100 FX dealers and regional banks on 360T's liquidity hub.
"Adding sophisticated electronic quote and trading workflows for FX reduces the number of execution tools our clients need, ensures accuracy for audit and compliance purposes and meets regulatory demands for transparency," said Tom Driscoll, global managing director at Charles River.
NovaSparks shares reduce market data latency
Market data provider NovaSparks has reduced performance benchmarks that verify vendors' ability to process market data at deterministic speeds of 1.4 microseconds.
The 1.4 mircoseconds mean latency rate is maintained when the market data is accelerated 20 times the actual market speed, demonstrating deterministic nature of the NovaSparkts Market Data Matrix.
"As an industry we need to cut back on the amount of duplicative testing that takes place and start to share more best practices," said Olivier Baetz, COO of NovaSparks North America.
Gores Group acquires France Telecom-Orange's Etrali
Global investment firm The Gores Group has acquired trading solutions company Etrali from France Telecom-Orange's Orange Business Services - Trading Solutions. The company will be renamed Etrali Trading Solutions.
The firm will continue to provide trading solutions including regulatory compliance capabilities and services over its global voice and data network dedicated to the trading industry.
"Gores' ability to invest significant capital into the business will allow us to broaden our product portfolio and provide the increasing amount of services that our customers demand," said Lionel Grosclaude, CEO, Etrali Trading Solutions.
Object Trading expands to Dubai Gold and Commodities Exchange
Direct market access (DMA) provider Object Trading has connected its FrontRunner DMA suite to the Dubai Gold and Commodities Exchange, providing connectivity and risk-managed trade execution.
The Dubai exchange doubled year-on-year Q1 trading volumes this year driven by traders continuing to invest in commodities and currency futures. Trading firms can now access all futures and options market data and trade execution services for products traded on the exchange.
"Building DMA to the largest commodities exchange in the Middle East was driven by brokerages needing to enable their clients to trade the exchange's products," said Steve Woodyatt, CEO, Object Trading. "The Dubai Gold and Commodities Exchange has seen tremendous growth in trading volumes in 2013, so we see this as a significant enhancement to our global offering."