Navesis-ETF, MarketPrizm, Nasdaq OMX and more…

Tradition and Nomura have extended the trading hours for their multilateral trading facility platform for trading exchange-traded funds from a half-day to a full-day.

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Navesis-ETF platform extends trading hours 

Tradition and Nomura have extended the trading hours for their multilateral trading facility platform for trading exchange-traded funds (ETFs) from a half-day to a full-day.

Navesis-ETF will now be operational from 09.00 to 15.15 (GMT), with a dark auction to take place from 15.15 to 15.30 (GMT). The enhancement to the platform is in direct response to feedback received from Navesis-ETF members.

Customers will benefit from this extension because it lets them manage their inventory throughout the day, increasing their flexibility and time management.

“We have 23 members live, including some of the biggest names in the industry, and trading momentum has exceeded our expectations. We are further enhancing our offering from Navesis-ETF by extending our trading hours into the afternoon. This is something that our members have requested and we have responded quickly improving the trading flexibility of the platform,” said Rupert Hodges, managing director – TFS Derivatives Ltd, London, at Tradition.

MarketPrizm hires Yeo in expansion efforts 

Cindy Yeo has been appointed director of exchange management and data products in Asia.

Yeo will be responsible for managing MarketPrizm’s exchange partnerships in Asia Pacific and the development of solutions for the region. She will work with MarketPrizm’s sales and pre-sales force to support client efforts in the proposal process.

Based in Singapore, Yeo will report to CTO Jacob Lindeman.

Yeo formerly worked at Thomson Reuters for eight years, where she held the role of head of exchange traded instruments content.

“We are delighted that Cindy has joined MarketPrizm. Her experience in working with the exchange in Asia as well as her in depth understanding of market data formats and structure, will be an important addition to out customer engagement as we look to expand in Asia,” said Tanuja Randery, chief executive officer of MarketPrizm.

Nasdaq OMX brings event-driven analytics to New Jersey data centre 

Data provided by Nasdaq OMX Event-Driven Analytics is now accessible at their data centre in Carteret, New Jersey.

Event-Driven Analytics, a provider of machine-readable economic news, delivers key economic indicators such as Treasury auction results, job statistics, inflation data, and regional and federal economic data directly from the source in low-latency, machine-readable format.

Event-Driven Analytics is accessible at Carteret through 10G and 40G Ethernet networks.

“By expanding access of Event-Driven Analytics data to our Carteret data centre, we are delivering on our promise to give customers more efficient access to the tools needed to compete in the marketplace,” said Brian Hyndman, senior vice president, Nasdaq OMX Global Data Products.

ASX welcomes CQG to Australian Liquidity Centre 

Low-latency data provider CQG will co-locate software, services and global connectivity at the Australian Securities Exchange (ASX) data centre, the ASX Australian Liquidity Centre (ALC).

CQG’s offerings will become available through the centre from September.

CQG will provide the local marketplace with access to their trading platform solutions and provide the local and global CGQ community with low-latency access to the Australian markets.

The ALC is designed to meet the requirements of ASX participants and service providers for the lowest latency access to ASX execution and information services. ASX participants, vendors and the broader financial market community will benefit from the ALC since it extends the availability of hosting and data services.

“Having their software and connectivity in the ALC will extend the range of services available to the ALC community and provide CQG’s existing customers with low latency access to the market,” said David Raper, ASX general manager of trade execution and information services.

Mandiri Sekuritas goes live with Valdi 

Indonesian investment bank Mandiri Sekuritas has rolled out SunGard’s Valdi and SunGard Global Network (SGN) solutions, providing them and their customers with direct market access (DMA) to the Indonesia Stock Exchange (IDX).

Global investors can now access IDX by sending orders to Mandiri Sekuritas via FIX protocol or SGN’s order routing network.

To help adhere to Indonesia’s regulatory requirements which include trading limits based on the size of each investor’s deposit with the Indonesian clearing house, Mandiri Sekuritas is using Valdi’s real-time, pre-trade risk management solution. Valdi stores pre-trade information for each of Mandiri’s clients, tracks their activity on IDX, and prevents them from trading once they reach their limit.

“SunGard’s Valdi and SGN help Mandiri Sekuritas provide global investors with reliable DMA to the Indonesia Stock Exchange. Only a small group of Indonesian brokers can provide this service, helping make Mandiri Sekuritas more competitive,” said Harry M Supoyo, president director of Mandiri Sekuritas.


By Sophie Pallier