Burgundy joins NYSE Technologies SFTI network
Nordic multilateral trading facility (MTF) Burgundy is now available via NYSE Technologies’ global Secure Financial Transaction Infrastructure (SFTI) network, allowing customers already connected to the network to receive Burgundy data and trade on their platform without the need to build or connect to a new infrastructure.
NYSE Technologies is the financial technology arm of exchange group NYSE Euronext. The SFTI spans Europe, US and Asia and is used to provide both trading connectivity and market data services.
Burgundy offers trading in over 1,000 securities in Denmark, Finland, Norway and Sweden.
“We are pleased that NYSE Technologies clients can reach Burgundy through SFTI since we at Burgundy are continuously looking to strengthen and expand our trading and clearing offer at low cost,” said Olof Neiglick, CEO, Burgundy.
Fidessa adds FX trading to its buy-side workstation
Trading technology vendor Fidessa Group has added FX trading abilities to its buy-side workstation.
Fidessa’s buy-side execution platform provides trading features for more than 1,300 currency pairs, with market data sourced through Fidessa’s global ticker plants. Fidessa provides access to the major brokers and market FX hubs.
“We are pleased to be working with Fidessa to provide their workstation users with access to our electronic FX platform,” said Keith Hill, head of EMEA sales for FXall.
Fidessa’s buy-side workstation is a broker-neutral, multi-asset trading workstation that is intended to integrate a firm’s order management system with its execution needs. It is designed to allow users greater control over the execution process, providing access to cross-asset trading hubs, dark pools, trading algorithms and broker services. The offering is integrated with real-time market data feeds and the Fidessa global network, which provides connectivity between 2,700 buy-side firms and 650 brokers across 160 global markets.
IFS LiquidMetrix extends research and analytics via Activ Financial
Intelligent Financial Systems, a London-based research and market data analysis company, has selected US equity market data from provider Activ Financial to drive research and analytics for its LiquidMetrix WorkStation product suite and new coverage of North American markets.
Users will now be able to analyse the performance of their trade flows on North American markets for best execution and transaction cost analysis at the millisecond level. The new data coverage complements the existing pre- and post-trade analytics on European markets already provided by LiquidMetrix products by enabling clients to rollout LiquidMetrix services on a wider geographical basis.
“Strong data is the key to driving research and analytics making partnering with a leading provider a core component of our expansion into North America,” said Sabine Toulson, managhing director at IFS. “Our clients come to us for precise and accurate benchmarking information and Activ was an obvious choice to supply the US equity market data considering their position in the US market.”
MIXIT adds new order types to EMS
MIXIT, provider of a multi-asset order and execution management system, now supports cross and sweep order types on the CBOE Stock Exchange (CBSX).
The cross and sweep order combines existing autolink cross and autolink cross match orders to give customers added flexibility and protection when trading on the CBSX.
“MIXIT is continually enhancing our functionality so our customers can take advantage of all order types, services, and tools available to the industry,” said Walter Fitzgerald, CEO of MIXIT.
MIXIT was acquired by derivatives technology specialist Patsystems in August 2011.
ConvergEx Group’s RealTick adds Ancerno solutions to TCA platform
Financial technology firm ConvergEx Group has partnered its RealTick execution platform with Ancerno, an Abel & Noser company specialising in transaction cost analysis (TCA), to offer Ancerno’s software and execution consulting services to RealTick’s customers.
The agreement expands the RealTick TCA product suite and adds pre- and post-trade analytics These services include options for a basic compliance product, a full-featured software only product and a complete package that includes software and access to Ancerno’s execution consulting service.
“Ancerno’s flexible and customisable nature allows customers to slice and dice data to analyse strategies, investigate outliers, evaluate venues and measure performance from multiple views,” said Daniel Rooney, president of ConvergEx’s RealTick. “Ancerno’s deep trade universe helps customers perform meaningful peer analysis and comparisons, which is increasingly essential to evaluate trading effectiveness.”