ITG, Nasdaq OMX, SunGard, Rule Financial and more…

Agency broker ITG has entered a marketing alliance with news provider BrightWire, which will feed news into ITG’s execution management system Triton.

ITG adds BrightWire news to Triton EMS 

Agency broker ITG has entered a marketing alliance with news provider BrightWire, which will feed news into ITG’s execution management system (EMS) Triton.

BrightWire's remit is to uncover information on companies, industries and topics published in foreign language sources. It scans thousands of sources in some 30 languages and provides English language summaries of key information in near real time.

“ITG is dedicated to delivering actionable insights to improve investment and trading performance,” said Bob Gasser, CEO and president, ITG. “BrightWire’s global real-time news capabilities offer our clients an information source which goes beyond traditional financial news services.”

Nasdaq OMX completes Scandinavian and Baltic trading platform 

Nasdaq OMX has added commodities to its Genium INET platform, which can now provide all-asset, cross-market abilities. All asset classes from all eight markets in Sweden, Finland, Denmark, Norway, Iceland, Lithuania, Latvia and Estonia are now tradable on a single platform.

Commodities including power derivatives, carbon emission and natural gas derivatives have been added to Genium INET, which already covers stocks, bonds and equity and fixed income derivatives.

“This marks a true milestone in Nadsaq OMX’s history as we complete the pioneering technology roadmap that was initiated in 2008,” said Hans-Ole Jochumsen, president of Nasdaq OMX Nordic. “The successful commodities launch on Genium INET allows our members to trade a comprehensive portfolio of power, carbon and gas products on the same technology platform we use for all other Nordic and Baltic products.”

Jochumsen added he was pleased customers can now also gain clearing synergies through Genium INET's clearing platform, using Nasdaq OMX’s clearing house for commodities, fixed income and cash derivatives.

Prague Stock Exchange offers interoperable clearing via CCP Austria 

Prague Stock Exchange (PSE) and Austrian clearing house Central Counterparty Austria (CCP.A) have signed a memorandum of understanding to collaborate together and establish additional clearing services by CCP.A for the cash markets operated by PSE.

The cooperation aims to give market participants the chance to clear and settle PSE trades via Austria’s clearing house, thus helping attract banks and brokers of Vienna Stock Exchange to also become members of the Prague Stock Exchange. Members of CCP.A will be able to clear trades concluded at Xetra Vienna and Xetra Prague via one clearing solution.

In December, PSE signed a memorandum of understanding with the Swiss clearing house, SIX x-Clear, to offer interoperability on clearing services. With the additional clearing services of CCP.A, PSE can offer customised clearing solutions for local members local and international members of Vienna Stock Exchange and other international members. Customers will have the full choice of how to clear and settle exchange trades – via CSD Prague, SIX x-Clear or CCP.A.

Banca Generali opts for Neonet technology solutions 

Italian banking group Banca Generali has chosen Neonet to provide best execution services for Italian equities. The service delivered by Neonet lets Banca Generali trade on the domestic market through its own membership, integrated with Neonet’s smart order router, algorithms and connectivity, extending access to European multilateral trading facilities and, if selected, exchange sponsored dark pools.

Banca Generali was looking for a smart order routing solution to trade on both the Italian MTA exchange, its primary execution venue, and on MTFs thus ensuring best execution and MiFID compliance for its orders. The Neonet solution lets Banca Generali continue trading in the domestic market through its own membership, offering integration with the firm’s existing front-end and order management systems.

“We identified a requirement to offer clients a comprehensive brokerage service that includes access to all sources of liquidity for Italian equities,” said Carlo Talpo, head of trading at Banca Generali. “Neonet enables us to outsource smart order routing development and operations, while protecting our present technology investments and allowing us to maintain our membership and market share on the domestic exchange.”

Rule Financial acquires Waterline Group 

Financial IT consultancy and service provider Rule Financial has acquired North American consultancy Waterline Group in a move calculated to accelerate the company’s growth in North America.

Waterline Group will provide Rule Financial with an entry point to the Canadian market, complementing the consultancy’s existing presence in New York. Waterline Group will be fully absorbed into Rule Financial and will operate under the Rule Financial brand.

As part of the acquisition, Rule Financial will integrate the Waterline Group leadership team into the Rule Financial fold. Chris DeBrusk will take responsibility for North American business development, Amrik Chawla will be Rule Financial’s North American and US lead, Rob Schmidt will take responsibility for Rule Financial Canada and Rob McGeachy will be the North American delivery lead.

Rule Financial also recently announced its expansion in London, New York and Lodz, Poland.

BZ WBK Brokerage adopts SunGard’s Valdi OMS 

Polish broker BZ WBK Brokerage has chosen financial technology provider SunGard’s Valdi order management system and trading tools to help streamline its access to Poland’s Warsaw Stock Exchange (WSE).

Valdi offers an integrated platform for client order management, audit trail and market connectivity. BZ WBK Brokerage will use Valdi software tools for automated and program trading, multi-leg and inter-product/cross-market strategies and algorithmic trading. BZ WBK Brokerage will also join the SunGard Global Network for international market connectivity and offer WSE brokerage services to SGN’s international members.

“Poland is one of the fastest growing economies in Europe and is attracting interest from international investors,” said Philippe Carré, global head of connectivity for SunGard’s capital markets business. “Given the fast-moving changes affecting the Polish capital markets structure, such as the Warsaw Stock Exchange’s new trading platform, SunGard’s Valdi trading solutions and services can help firms take full advantage of the new opportunities.”

BZ WBK Brokerage serves retail and institutional clients on the Warsaw Stock Exchange and the largest US and European markets. BZ WBK Brokerage is a member of Santander Group.