LSE, Renaissance Capital, TradingScreen and more…

The London Stock Exchange plans to launch a group ticker plant to provide real-time data consolidated in a single, multi-asset class low-latency feed.

London Stock Exchange grows ticker plant 

The London Stock Exchange (LSE) plans to launch a group ticker plant to provide real-time data consolidated in a single, multi-asset class low-latency feed.

The LSE currently distributes real-time data in various formats. The group ticker plant will support equities, fixed income and derivatives. It will be rolled out in two phases, with phase one due to go live in Q4 and phase two expected in the first half of 2013.

Phase one will deliver an order book snapshot service for the LSE and Borsa Italiana markets, as well as a real-time, tick by tick best bid and offer service, together with the FTSE in low-latency.

Further markets – including cash equities on the LSE’s multilateral trading facility Turquoise and derivatives on Turquoise Derivatives – will be introduced in phase two. Data will be disseminated via multicast, broadcast in network packets and delivered over a number of local balanced multicast channels.

Renaissance Capital goes live on Calypso 

Calypso Technology, the global capital markets platform provider, has deployed its Calypso solution at emerging markets investment bank Renaissance Capital.

The first phase of the project covers American depository receipts and global depository receipts with an aim to provide increased automation and operational consolidation, as well as to integrate the Calypso platform into Renaissance Capital’s existing IT landscape.

“Given Renaissance Capital’s expansion, it was vital we had a proven solution that could be easily implemented for current needs and expand to meet future growth objectives,” said Andrey Burilov, Renaissance Capital’s head of operations and compliance.

The second and third phases of the project, which Renaissance Capital is in the process of completing, will cover functionality and additional asset classes FX/MM, fixed income, derivatives, repo and equities.

“Emerging markets are important for Calypso and we will continue to invest into these regions to provide solutions that package market best practices in conjunction with local conventions,” Charles Marston, chairman and CEO, Calypso.

Renaissance Capital is a leading investment bank focused on central and Eastern Europe, Africa, central Asia and other high-opportunity emerging markets.

Grandeur Peak opts for Linedata OMS as Nectar selects TradingScreen EMS 

US-based small and micro-cap-focused investment advisor Grandeur Peak Global Advisors has chosen Linedata Longview, the platform provided by technology company Linedata, as its global trading platform.

Grandeur Peak will use Linedata Longview’s multi-currency trading platform to execute trades while ensuring pre-trade compliance. Linedata Longview is an order management system that provides integration to over 400 destinations globally through 50 partners accessing alternative trading systems, dark pools, broker algos and transaction cost analysis.

“Linedata’s goal is to provide innovative and intuitive trading tools for our front office clients,” said Gavin Little-Gill, managing director of Linedata North America.

Meanwhile, London-based asset management firm Nectar Capital has started trading its fifth asset class on the TradeSmart execution management system provided by technology company TradingScreen.

Through its hedge fund product, Nectar Global Alpha Fund, Nectar Capital is now using TradeSmart to trade equities, FX, fixed income, futures and options.

“Nectar has a similar orientation to us, focused on trading multiple asset classes from day one,” said Philippe Buhannic, CEO at TradingScreen. “Both of our firms were ahead of the curve in anticipating the multi-asset class trend. For TradingScreen, that means we have a superior electronic trading platform relative to competitors that started out as single-asset platforms. With the current revolution that is happening in the OTC markets this approach will be unavoidable for the top managers.”

Hibernia Atlantic links to Japan 

Connectivity provider Hibernia Atlantic has expanded its global express platform into the Equinix TY2 Tokyo international business exchange data centre, providing buy-side users another high-speed connection to the Japanese market.

Hibernia’s low-latency network is already active in the US and the UK at Chicago and Slough. Equinix provides data centres across 38 markets worldwide, including centres in Hong Kong, Singapore, Sydney and Tokyo. It also plans to expand to Shanghai.

Hibernia Atlantic recently expanded into the Asia Pacific rim, connecting its network across the Pacific Ocean. Built on 24,000 kilometres of submarine and overland fibre network, Hibernia offers installation to over 60 global exchanges and low-latency entry points plus 120 international carrier telecom facilities.

“Hibernia Atlantic has been part of Equinix’ well established, global financial ecosystem and now our financial customers in Japan will be able to connect quickly to Hibernia’s global express platform that offers fast and secure connectivity to major financial centres around the world,” said John Knuff, general manager, global financial services at Equinix.

Portware beefs up FX trading platform 

Post-trade services and financial technology provider Portware has rolled out improvements to its FX trading platform, letting users gain from Portware’s cloud-based FX solution for fast deployment and streamlined connectivity to liquidity providers, including banks, electronic communications networks and inter-dealer trading platforms.

Portware has also improved its FX transaction cost analysis (TCA) service, adding reporting and analytics options. Portware FX aggregates liquidity from all global provides.

The technology is designed to provide flexibility of trading strategies and order routing destinations. To help users select the best execution strategy, Portware has improved its TCA and post-trade analytics package, FX liquidity monitor.

Users can benchmark performance against data points and compare execution quality and pricing across all liquidity providers, either in real-time or via month-end reporting.

“Every new Portware FX client has chosen to deploy via our cloud because they realise it offers them the efficiency of a fully hosted trading platform coupled with the performance, customisation and workflow integration of locally deploy enterprise systems,” said Alfred Eskandar, CEO, Portware.

Corvil launches latency management qualification 

Corvil, the provider of latency management systems for global financial markets, has announced the introduction of the Corvil Certified Latency Management Engineer qualification. 

The programme will provide education on best practice techniques for managing latency and performance across trading applications and infrastructure and covers the buy-side, sell-side, service provider and trading venues.

The programme syllabus includes: Transaction flow, including order lifecycle, multi-hop analysis, fill rate, gateways, SORs, order to tick, and tick to order. Market data is also included, involving microburst analysis, gap detection, A versus B feed latency, native versus consolidated feed latency, embedded timestamps. Finally Network performance is involved in the program which includes Service Provider SLA reporting, firewall and switch latency, link sizing.

Donal O’Sullivan, vice president of product management at Corvil, said, “Candidates who successfully complete the certification program will be armed with the state of the art techniques and technologies in the industry, and know how to leverage them for the monitoring and management of trading infrastructure within their respective business.”

The first certification programs are scheduled for July and will run continuously thereafter. Applications are now being accepted.


Additional reporting by Sophie Pallier