Fidessa adopts Orange Business Services – Trading Solutions offering
Voice and electronic trading infrastructure and services provider Orange Business Services – Trading Solutions, has formed a deal with trading technology firm Fidessa.
Under the deal, Fidessa clients can now use Trading Solutions’ financial extranet, TCSnet, directly from Fidessa’s European data centres. Fidessa and Trading Solutions’ customers will gain from improved connectivity options. Fidessa’s community of 2,900 buy-side investment firms and 700 sell-side brokers can now make use of an integrated connectivity service from TCSnet, as well as potentially accessing over 2,000 Trading Solutions customers.
“Trading Solutions’ TCSnet offers our customers one of the best connectivity solutions possible, with access to over 50 key financial hubs across the globe,” said Mark Bever, director at Fidessa group. “With a reliable, secure and low-latency network, the TCSnet connectivity service is quick, reliable and efficient.”
RTS launches RTD Tango QUANT
RTS Realtime Systems Group has completed the global launch of RTD Tango QUANT, its first product geared to quantitative traders.
RTD Tango QUANT provides a suite of tools for quantitative traders to design, optimise, analyse and execute their fully automated strategies within one platform. Hosted in RTS’ global data centres in financial hubs around the world, the platform integrates the firm’s connectivity and straight-through processing abilities to more than 1,356 exchanges globally.
RTD Tango QUANT gives traders tools for building algorithmic strategies around charting and trading signals. It also incorporates artificial intelligence and three-dimensional visualisation, as well as risk management abilities.
“RTD Tango has been very successful as a low-latency and high-frequency trading tool,” said Steffen Gemuenden, CEO, RTS. “Now, with RTD Tango QUANT, we’re empowering traders to leverage their intellectual property with optimisation and back-testing techniques.”
Interactive Data expands OTC derivatives valuation service
Interactive Data, a provider of pricing and evaluation services, has expanded its OTC derivatives valuation service to include independent evaluations of credit default swaps (CDS) and select CDS indices.
The expanded service is designed to provide additional transparency into CDS and CDS index evaluations. The CDS transparency will be supported by Vantage, Interactive Data’s web application that provides clients with data into the fixed income market and the company’s evaluations.
“We believe that institutions worldwide will need to accelerate their investments in OTC derivatives valuations and the related technology infrastructure to respond to regulatory change and support their ongoing risk, capital, collateral, liquidity and accounting activities,” said Cubillas Ding, research director for the securities and investments practice at Celent, the research and advisory firm.
Interactive Data’s CDS evaluation services covers single name corporate, sovereign and US municipal entities and CDX and iTraxx index trades. The service provides CDS evaluations, curves and analytics in support of clients’ portfolio valuation, financial reporting, risk management, trading and related functions.
Simplex prepares ultra-fast Tokyo connection
Tokyo-based technology provider Simplex Consulting is to release BLAST FPGA, an ultra-low latency solution for the Tokyo Stock Exchange (TSE) equities market, Arrowhead, from August.
BLAST FPGA is a system that supports direct market access, allowing securities firms to provide connectivity to exchanges from institutional investors without manual intervention. Simplex developed the product by programming the business logic to a reprogrammable field programmable gate array, allowing software to be eliminated and providing execution speeds of below two microseconds – the only such system active in Asia, according to Simplex.
Simplex plans to expand support to other exchanges in Asia, including the Osaka Securities Exchange derivatives market, the Singapore Exchange and Hong Kong Exchanges and Clearing.
Kuwait Stock Exchange adopts Nasdaq OMX trading platform
The Kuwait Stock Exchange (KSE) has rolled out its new Nasdaq OMX-powered trading platform. KSE’s new trading platform is based on Nasdaq OMX’s X-stream technology and will initially support trading of cash equities and forwards, with additional derivatives products and bonds to be added in the next phase. Nasdaq OMX has also provided KSE with index calculation technology and a SMARTS powered surveillance solution.
Nasdaq OMX and KSE singed an agreement in October 2009 for provision of both technology solutions and business advisory expertise to assist KSE in its efforts to develop its capital markets and establish Kuwait as a regional financial centre.
“Under our partnership with Nasdaq OMX, our team at KSE has benefitted greatly from the transfer of knowledge and experience from their seasoned market professionals in all areas of our operations, in initiatives such as the introduction of the KSX 15 investable index, new sectors and proposals for new post-trade mechanisms,,” said Issam Alusaimi, head of KSE’s projects management office.
GAIN Capital selects StreamBase LiveView for liquidity management
GAIN Capital, an asset management and foreign exchange trading specialist, has deployed StreamBase LiveView, the real-time analytics platform provided by financial technology company StreamBase Systems, for liquidity optimisation and back-office risk monitoring.
LiveView processes both live and historical data, continually publishing live updates from the StreamBase LiveView Analytics Service to the StreamBase LiveView Desktop. Using StreamBase LiveView, users at GAIN interact with streaming and historical data via the StreamBase LiveView Desktop, where raw data and the results of analysis are presented in custom visualisations such as graph and tree maps. The goal of the LiveView system is to help GAIN optimise available liquidity.