Boerse Stuttgart opts for Nasdaq OMX exchange technology
Boerse Stuttgart has selected Nasdaq OMX’s Genium INET trading technology for its market and will go live on the new system in 2015.
The current Stuttgart market model will be fully supported by Nasdaq OMX technology.
“We are dedicated to deliver best-in-class technologies to support Boerse Stuttgart’s focus on bringing private investors to the same level as institutional investors,” said Lars Ottersgard, senior vice president, market technology for Nasdaq OMX.
BCS selects b-next for surveillance
Russian sell-side firm BCS Financial Group has selected surveillance provider b-next to manage surveillance for market abuse, insider dealing and compliance.
BCS will install b-next’s CMC:Suite as part of its expansion into the UK, to help it monitor all investment banking activities and trading across a wide range of asset classes.
“Russian firms in line with all other international operations are under pressure to adhere to tight market abuse guidelines and regulations in the EU in order to operate in the UK and across Europe,” said Martin Porter, Global Sales Director, b-next.
“Firms like BCS are looking to market surveillance firms to ensure that they have systematic tools to allow them to monitor and identify complex, dangerous trends and suspicious patterns.”
Sapient moves compliance system to cloud
Sapient Global Markets has made its Compliance management and Reporting System (CMRS) available as a cloud-hosted solution. The tool helps firms collate data from disparate systems, apply reporting eligibility and deliver it to swap data repositories in the correct message format.
CMRS directly addresses OTC swaps data reporting requirements from regulations including the Dodd-Frank Act and European market infrastructure regulation.
“The emerging global regulatory picture for portfolio and investment management requires greater efficiency in operations and client servicing, both in Europa and the US,” said Arun Karur, vice president, Sapient Global Markets. “Our hosted offering for CMRS enables our clients to quickly and cost-efficiently centralise their external communications and compliance efforts to achieve a single view of their compliance status.”
RTS updates Tango QUANT
RTS Realtime Systems has launched an updated version of its RTD Tango QUANT product, a tool to design, optimise, analyse and execute fully automated trading strategies based in technical analysis.
RTD Tango QUANT 2.0 helps firms manage the entire life cycle of their trading strategies on one platform.
“We’ve addressed clients evolving needs and made the offering more closely aligned with their behavior by providing comprehensive portfolio management, better information management, post-trade analysis and more connection options,” said RTS CEO Steffen Gemuenden.
Volante upgrades Designer tool
Volante Technologies has released version 5.0 of its Volante Designer product, which helps firms adopt new message formats and standards.
Volate Deisgner 5.0 includes support for cloud-hosted applications, provides new formal plug-ins and lets firms integrate multiple data sources.
“The release includes many important updates and enhancements to new and existing format plug-ins to address the needs of new regulations and technologies being adopted,” said Vijay Oddiraju, CEO, Volate.