FSMLabs puts TimeKeeper on Amazon cloud
FSMLabs has launched its TimeKeeper Cloud service on the Amazon Web Services (AWS) platform.
TimeKeeper Cloud offers high-precision time synchronisation, making it suitable for use in time-stamping trade information, which can happen on the nano-second level.
The deployment on AWS will provide improved efficiency, scalability and cost effectiveness by being hosted on one of the world’s largest cloud networks.
“Legacy synchronisation technology degrades radically in cloud environments, which makes managing the operating cost of certain computing applications difficult, if not impossible,” said Victor Yodaiken, president of FSMLabs. “TimeKeeper Cloud solves this problem and allows us to bring our clients an end-to-end solution, no matter how they process their business. Sub-millisecond time synchronisation is now easily available in AWS Marketplace, allowing our customers to complement the sub-microsecond time synchronisation available on dedicated resources.”
SunGard adds OMS for securities lending
SunGard has extended the functionality of its Loanet platform with the launch of an order management service.
The service will provide improved automation of securities lending and enable both lenders and borrowers to improve the efficiency of their trading operations.
Traditionally, securities lending has been largely conducted via phone, e-mail and spreadsheets. The order management system will centralise securities lending activity and combine real-time information on inventory into its automated trading system.
“The lack of automation and straight-through processing can create unnecessary costs, risks and inefficiencies to the securities finance industry. Loanet’s centralised order management service improves the utilisation of securities, increases transparency on supply, and maximises loan rates on the most sought-after securities,” said John Grimaldi, executive vice president, SunGard’s North American securities operations and securities finance.
Eurex launches smartphone app
A mobile application for Android and iOS has been launched by Eurex to give investors a new way to stay up-to-date on Eurex derivatives and market information via their smartphones.
The app is free to download from the Eurex website or from the Apple and Google online stores.
Users will be able to access the most important contract parameters for all products and get price information for more than 1,500 futures and options traded on the exchange, including benchmark products such as DAX futures, Euro STOXX 50 futures and KOSPI 200 options.
It also carries information on relevant underlying securities and offers the ability to create customised lists and notifications.
Bloomberg incorporates OneTick for real-time trade analytics
Bloomberg’s Execution Management System is to utilise OneTick’s Complex Event Processing engine to give users access to real-time venue analytics, intra-day market impact analytics and advanced liquidity signal indicators.
With liquidity fragmentation, execution strategy proliferation and reduced latency, Bloomberg was looking to help institutional traders with sharper quantitative and cost analysis tools to identify trading opportunities and measure the effectiveness of their trading strategies.
Calypso launches DTCC interface for EMIR reporting
Platform provider Calypso Technology has released an interface to the Depository Trust and Clearing Corporation’s (DTCC) Global Trade Repository (GTR) service for trade reporting.
The new product will be released before the reporting deadline of 12 February under the European market infrastructure regulation, which requires market participants to report all trades, including OTC derivatives.
Key functionalities featured include intraday reporting of new trades, reporting of lifecycle events and price reporting.
“The financial crisis altered the way we conduct OTC transactions today and the landscape in which we compete,” Lorenz Engel of UniCredit business integrated solutions, IT provider of UniCredit group, said.
“Together with Calypso we were able to implement Dodd Frank and EMIR reporting for UniCredit as well as for clients delegating their reporting to UniCredit.”