FlexTrade, Atrium, COLT/LSE, and more …

theTRADEnews.com's weekly round-up of technology and operational news.
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FlexTrade offers Brazilian access

FlexTrade Systems now provides direct access to Brazilian exchange BM&F Bovespa's new multi-asset class trading platform through its execution management system, FlexTRADER.

The new arrangement will also include a new FlexTrade data centre co-located at BM&F Bovespa to provide traders with a low-latency order routing and execution path for equities and futures listed on the exchange.

FlexTRADER provides real-time post-trade analytics as well as risk and cost optimised portfolio trade scheduling, integrations with major order management systems, integrated real-time allocations and cash management, smart order routing, a complex event processing engine, commission management, complete transaction and quality management and a dynamic strategy matrix.

Atrium Network's new connections

Connectivity provider Atrium Network is to provide low-latency access to the Nasdaq OMX Nordic derivatives market.

Connectivity is provided using Atrium Network's existing infrastructure at Nasdaq OMX's production and data centre facilities in Stockholm. Clients can take advantage of ultra-low latency routes from London and Frankfurt to Stockholm.

In addition, Atrium clients can now access MATCH Now, the broker-neutral dark pool operated by execution service provider TriAct Canada Marketplace for trading Canadian-listed equities. Clients located in North America can access Atrium Network via its points of presence in Toronto, Chicago, New York and New Jersey.

AlgoSpan enhances London connectivity

Low-latency connectivity solutions firm AlgoSpan, a joint venture between trading technology provider Algo Technologies and ultra-high bandwidth network carrier FibreSpan, is extending its ultra-low latency market access infrastructure to London's trading community via a new London-wide fibre network leased from Scottish and Southern Energy Telecommunications (SSET).

The deal will enhance the firm's delivery of low-latency services and combines AlgoSpan's optical connectivity platform and ”fibre to the door' access to major liquidity venues, with Algo Technologies' low-latency market data feeds.

The SSET network covers thousands of London-based trading participants and interconnects with AlgoSpan's International Exchange Network. The AlgoSpan network links key financial exchanges and data centres in London, Stockholm, Frankfurt, Zurich, Chicago and New York.

Omgeo's new technology MD

Post-trade processing provider Omgeo has appointed Randy Guy as managing director of technology. In his new role, Guy will focus on developing and executing Omgeo's technology strategy.

Dave Cutright, Omgeo's former managing director of technology, will continue to be an integral part of the technology team to ensure a smooth transition until his retirement in July 2011.

Prior to joining Omgeo, Guy spent six years as chief technology officer of technology provider Linedata, most recently spearheading the build out of an offshore development in Tunisia.

“Randy's extensive experience in overseeing a vast global team, thorough technological background, and strong client-facing skills enable him to bring the perfect mix to Omgeo,” said Steve Matthews, COO of Omgeo.

Patsystems supports Vietnamese commodity exchange

The newly-established Vietnam Commodity Exchange (VNE) has chosen trading systems provider Patsystems to supply its technology.

Officially established at a ceremony in Ho Chi Minh City on 20 October 2010, the VNE will initially trade major Vietnamese exports including steel, rubber and coffee, once it begins trading “early next year”. It will also provide an additional financial tool for producers and traders to protect themselves against price fluctuation risks.

The VNE will utilise Patsystems' complete exchange solution, including matching engine, clearing and settlement platform, pre-trade risk management module and the front-end execution platform. The solution is intended to facilitate electronic trading between domestic producers and traders and provide access to international customers interested in Vietnam's commodity markets.

Colt in LSE proximity hosting partnership

European network infrastructure provider Colt is to provide a proximity hosting service for financial institutions wanting to connect to the London Stock Exchange Group (LSEG) data centre.

Developed in partnership with the LSEG, the new low-latency service will enhance the portfolio of hosting solutions available to the exchange's customers through Colt's portfolio of proximity services.

Colt's proximity hosting service offers connectivity with sub-100-microsecond round-trip latency to the LSEG's markets. Clients will also be able to access other Colt services, including proactive monitoring and managed services.

Antoine Shagoury, chief information officer, LSEG, said, “This new proximity hosting service will complement our established co-location offering, providing additional choice for customers looking to access our central London data centre”.

NYSE Euronext monitors US latency

Global exchange group NYSE Euronext has signed up to the RaceTeam service for monitoring market data flows, operated by latency monitoring firm Correlix.

The service will be rolled out early this year in NYSE Euronext's new liquidity centre in New Jersey, United States, to provide additional latency performance insight into all US-based markets, including NYSE Classic, NYSE Arca Equities, NYSE Arca Options and NYSE Amex Options. The service will enable NYSE Euronext and its customers to monitor and manage their low-latency trading infrastructures for order execution and market data. It will also provide customers with a breakdown of gateway and matching engine times.

Interactive data increases coverage

Market data provider Interactive Data has expanded the depth and breadth of global content available to wealth managers and financial advisors via its customisable financial desktop solution, PrimeTerminal Professional.

The platform now offers access to fixed-income evaluated pricing, securities pricing and reference data for more than six million instruments. This complements the real-time, intra-day and historical data, reference data, charts, analytics and news that is already available through PrimeTerminal.

Interactive Data delivers daily evaluations for more than 2.8 million fixed-income and international equity issues. The company's evaluations coverage spans a range of instruments and represents approximately 100 countries and 30 different currencies.