Nasdaq OMX consolidates technology and corporate businesses
Exchange operator Nasdaq OMX will combine its market technology and corporate solutions businesses to drive growth and offer scalable products.
The consolidated business, Global Technology Solutions, will be led by Anna Ewing. Its market technology segment will provide technology and advisory services to more than 70 marketplaces, while the corporate side of the business will provide companies with market intelligence and communication products.
“As an industry technology leader, our state-of-the-art systems and software deliver innovative solutions and world class technology to a globally diverse client base,” said Bob Greifeld, CEO, Nasdaq OMX.
Fixnetix unveils low-latency London-Frankfurt microwave access
Low-latency connectivity provider Fixnetix has teamed up with Custom Connect MV to provide increased low-latency connectivity between London and Frankfurt using microwave technology.
Under the deal, Fixnetix will act as a reseller of bandwidth over the link in addition to providing a data service. The advertised latency speed is 2.375 milliseconds one-way to NYSE Euronext, NYSE Liffe, Xetra and Eurex colocation data centres.
“We have chosen Custom Connect MW as the right partner in helping us respond to global customers seeking the strongest managed outsourced model for scalability and costs,” said Hugh Hughes, CEO of Fixnetix.
Equinix to host new Nasdaq OMX’s NLX venue
Global data centre provider Equinix will host a new derivatives venue to be launched by Nasdaq OMX this year.
Equinix’s London, Slough LD4/LD5 International Business Exchange data centre will host the Nasdaq OMX NLX venue that will offer short-term and long-term interest rate listed derivatives in sterling and euro.
The Equinix Slough data center campus lets NLX connect to more than 170 financial services customers and access over 700 trading venues globally.
“We want to ensure that our market participants have seamless and reliable access to NLX via familiar and trusted suppliers. Equinix provides an established ecosystem with key market participants already connected,” said Charlotte Crosswell, CEO of NLX.
Standard Bank to use Caplin Trader for web platform
South Africa-based Standard Bank will use Caplin Systems to provide the framework for its new single-dealer platform to support its corporate and investment banking business.
Caplin System’s Caplin Trader product will provide a multi-asset class web-based platform offering prices, analysis and the ability to execute trades. The project will utilise Caplin Trader 3, the firm’s HTML5 web trading solution.
“The Standard Bank project will demonstrate how a small team can use a software framework to deliver a fully-functioning web trading application quickly and cost effectively,” said Paul Caplin, founder and CEO of Caplin Systems.
Kyte boosts surveillance offering with b-next
Trading services provider Kyte Group has added market abuse surveillance to its systems from solutions provider b-next.
The CMC:Suite will provide Kyte with a library of relevant market abuse scenarios along with workflow and case management tools to monitor market abuse across all asset classes and multiple trading venues.
The CMC:Suite algo gives Kyte the ability to automate the monitoring of all client orders and execution to detect any inappropriate or suspicious trading activity or patterns.
“Our clients trade a broad range of asset classes across a variety of trading platforms and b-next CMC enables us to monitor trading across all our supported markets and instruments,” said Peter Green, CEO, Kyte.