Miller Tabak chooses Fidessa trading platform
Trading solutions provider Fidessa will provide their trading platform to institutional trading firm Miller Tabak’s global trading business.
Fidessa’s platform offers a consolidated way to manage equity orders, trades, positions and market access alongside middle office services such as client allocation and confirmations.
Miller Tabak will also have access to Fidessa’s broker network and algorithmic trading engine solution, in addition to other trading tools, such as Bluebox and global basket trading capabilities.
“Stricter regulation, increased fragmentation and ongoing globalisation have placed increased cost pressures on broker-dealers that are looking for ways to consolidate platforms compress trades and minimise execution costs,” said Justin Llewellyn-Jones, COO, Fidessa US.
TMX Atrium adds PoPs to European data centres
Global trading infrastructure firm TMX Atrium has added a number of points of presence to data centres in Brussels, Stockholm and London run by European collocation services provider Interxion to provide low-latency connectivity.
From these connections, TMX Atrium will provide access to a range of Canadian markets, including dark pools and cash equity markets.
“TMX Atrium’s platform offers access to multiple Canadian equity markets in addition to access to derivatives of Canadian cash equities and fixed income markets,” said Emmanuel Carjat, managing director, TMX Atrium, adding Canada was an attractive destination for European traders due to strong economic growth.
Portware makes key hires
Technology provider Portware has added three new members to its sales and product team.
Savyona Abel has joined as global head of customer experience from Investment Technology Group (ITG) where she held a similar position. She is a recognised expert in execution management systems with over twenty years experience in the industry.
Larry Liermann was appointed senior FX sales executive to support efforts to extend Portware FX, the firm’s FX trading platform, and has worked with major banks including Credit Suisse, Barclays Capital and JP Morgan Chase.
Frank Decicco will also join as senior sales executive and focus on all of Portware’s electronic trading platforms, and also comes from ITG, where he ran the sales and trading team.
“Adding this strategic talent to our global team allows us to better focus on the customer experience and continue delivering innovative solutions to meet the impressive demand of our institutional and broker dealer client base,” said Portware CEO Alfred Eskandar.
IPC adds International Securities Exchange to Connexus
Voice and electronic trading solutions provider IPC will offer their Connexus Financial Extranet service to participants of US options exchange operator International Securities exchange (ISE).
Connexus links a number of capital market participants around the globe so they can access services from ISE, including its trading applications FIX interface and PrecISE Trade, and market data products.
“Connexus provides leading market participants, including bulge bracket and top-tier boutique firms, in the extremely demanding options trading world with access to critical market data and trade lifecycle applications from ISE,” said Joe Pickel, vice president, Network Services Product Management, IPC.
Warsaw Exchange upgrade nears completion
The Warsaw Stock Exchange (WSE) has entered the final stage of implementing its new trading technology provided by UTP.
The official start date for when the technology will begin working on the exchange will be announced on 15 November.
The upgrade is the biggest technology overhaul for the Polish exchange in more than twenty years, and the exchange has focused on a slow and safe transition for the implementation of the new infrastructure.
“This technological transition, which is taking place now, is of strategic importance to the future of the Polish capital markets at least for the next ten years and the foundations for this future will be laid by common efforts of the exchange and brokerage houses,” said Ludwik Sobolewski, CEO, WSE.