LSE goes wireless to reduce latency
The London Stock Exchange (LSE) is to offer a wireless communication link between its City of London and the Equinix London Slough campus data centres to reduce latency between the locations.
LSE plans to launch the new network in November, using millimetre-wave technology for communication, which is 30% faster than fibre based networks, offering clients a total capacity of 1G to utilise.
“Through the use of millimetre technology, a wireless communications link will allow participants to manage activity across multiple venues more efficiently,” Nigel Harold, head of IT business development at LSE, said.
Orc introduces FIX Access to global trading venues
Technology provider Orc has launched Orc FIX Access, a gateway for FIX-enabled systems to about 150 global execution venues covering all major asset classes.
Orc FIX Access is targeted to firms looking to either leverage existing Orc market gateways or extend the trading reach of any FIX-enabled execution management system or order management system.
“Orc FIX Access is a business facilitator which enables firms to focus on their core trading activities,” said Martin Nilsson, head of product management.
“With this new solution we can offer our customers convenient access to high-quality market gateways with global coverage, allowing them to explore new regions and trading venues with minimal effort.”
SunGard and DelphX create fixed income facility
SunGard and DelphX have partnered up to create CentralX, a neutral, centrally cleared fixed income facility.
DelphX, an alternative trading systems provider for fixed income securities, selected SunGard Financial Information eXchange (FIX) connectivity to form the CentralX market.
The new market will be integrated within SunGard’s Global Network (SGN), which links asset managers and brokers, to help facilitate anonymous all-to-all interaction of orders entered by SGN users, buy- and sell-side subscribers to DelphX, and other linked trading platforms.
“Shifting economic forces and merging regulatory pressures are transforming the fixed income market and altering the way participants interact and access and source liquidity,” Ralston Roberts, COO, real-time market data and network services, at SunGard’s brokerage business, said.
“SGN and DelphX are working together to help facilitate unified market interaction and anonymous access to deep new sources of price-sensitive liquidity.”
Deutsche Börse signs Indian exclusive licence
Deutsche Börse has been named the exclusive licensor of Bombay Stock Exchange market data and information products to international clients.
The partnership is aimed at benefiting market participants by giving easier access to both exchanges’ market data products under a single licensce agreement.
“This approach meets clients’ market data needs while reducing their administrative requirements and increasing overall efficiency,” Georg Gross, head of front office data and services, Deutsche Börse, said.
Under the new arrangement, Deutsche Börse will be responsible for sales and marketing of all BSE market data products to customers outside of India, while BSE continues to serve its domestic clients.
ARQA Technologies leverages S&P Capital IQ feed
Russian software provider ARQA Technologies is offering clients a consolidated financial data feed provided by S&P Capital IQ Real-Time Solutions.
ConsolidatedFeed will be available to ARQA clients and trading desks of firms using its QUIK front-office system.
When QUIK is used as a risk server, the feed could be used for online real-time pre-trade checks, as well as post-trade analysis of positions opened in global markets.
According to ARQA, the feed would reduce overall costs of market data for clients without loss of quality compared to “fast” alternatives.
“Customers may discover that the new consolidated data feed offers an opportunity to enhance performance due to better access to global exchange data and, thus, offer improved service to their own customer base,” Yuri Voronov, general director of ARQA Technologies, said.
Interxion extends Frankfurt, signs ASX
Interxion is planning to construct a ninth data centre on its Frankfurt campus in response to customer demand.
FRA 9 is scheduled to be operational in Q1 2014. It will provide about 800 square meters of equipped space and one megawatts of customer-available power.
“Demand for our products and services continues to be strong in Frankfurt, supported by our communities of interest approach and bolstered by the stable German economy,” David Ruberg, Interxion’s CEO, said.
Interxion is accelerating the availability of the second phase of its previously announced FRA 8, its eight site, from 2015 to mid-2014.
The data centre service provider also announced the Australian Securities Exchange (ASX) has chosen to host their ASX Net Global Point of Presence at Interxion’s City of London data centre.
The move is aimed at providing London and European-based trading firms with fast access to all ASX’s derivatives and equity products.
“Interxion’s City of London has long been the home of London’s financial community and offers us a ready-made marketplace for our services,” David Raper, ASX’s general manager, trading services, said.