Nest Investimentos opts for StreamBase CEP trading platform
Brazilian investment manager Nest Investimentos has chosen a trading platform from provider StreamBase Systems to support its algorithmic trading, order routing, risk management, market data management and pricing analytics.
Nest Investimentos is using StreamBase CEP to connect to Brazilian exchange BM&F Bovespa to trade equities, futures and derivatives.
“By choosing StreamBase CEP, Nest is able to retain the flexibility of in-house development, and still realise the accelerated time to market of a black box solution at a fraction of the cost and time,” said Luis Fonseca, CEO and partner at Nest Investimentos. “Our developers love that they can extend StreamBase to include their existing Java and MatLav code, and avoid re-writing entire systems. This allows us to bring in a new platform and keep what works but on a platform which is designed for low-latency trading and rock solid.”
Nomura selects MarketPrizm for market access technology
Japanese investment bank Nomura has chosen market data and connectivity provider MarketPrizm to provide ultra-low latency networking connectivity for its exchange and market data connectivity in Europe.
Under the agreement, Nomura will use MarketPrizm’s dedicated ultra-low latency infrastructure to improve performance and speed for Nomura’s clients across equities, futures and FX. MarketPrizm has committed to provide the fastest possible exchange access and market data available between exchange co-location venues.
“Nomura chose us because we built a dedicated low-latency network that is designed for speed, high-quality data and consistency at the best possible price,” said Tanuja Randery, CEO, MarketPrizm. “We offer supersonic speed without supersonic cost, enabling Nomura to move away from expensive point-to-point connection towards a managed service built and maintained by us.”
AlgoSpan debuts Borsa Italiana IDEM connectivity and market data
Trading infrastructure and market data provider AlgoSpan has gained approval from Italian exchange Borsa Italiana to offer low-latency market access services for connectivity to the Italian Derivatives Exchange Market (IDEM).
AlgoSpan will provide super-fast execution and market data for the Milan-based exchange, which offers access to futures, mini futures and options on FTSE MIB Index, futures on FTSE MIB Dividend Index, stock options and stock futures on Italian shares, European shares, as well as IDEX< the new energy derivatives segment currently listing Italian power futures.
“The cost and complexity of physical connections to markets can inhibit international trading,” said Robert Bicket, CEO, AlgoSpan. “AlgoSpan’s market access infrastructure can help members to focus on their Italian trading business, while helping to decrease their connectivity costs.”
Egyptian Exchange goes live with MillenniumIT software
The Egyptian Exchange (EGX) has gone live with Millennium Surveillance, the trading surveillance software provided by London Stock Exchange Group-owned Sri Lankan technology firm MillenniumIT.
MillenniumIT have provided EGX with a trading surveillance system that will help the exchange maintain an orderly market by providing a tool to identify abusive behaviour and carry out further investigations to ensure a fair and transparent market for all participants.
“We are happy to announce that EGX is now live with Millennium Surveillance, an international best practice surveillance system,” said Mohammed Omran, executive chairman of EGX. “We are very confident that our new system will allow EGX to fulfil our vision of providing a high-quality market place through greater transparency.”
NETbuilder adds Moningstar exchange and OTC data
Financial technology consultancy NETbuilder has integrated Moningstar’s global exchange and OTC data into NBTrader, its market data, order management system (OMS) and trade execution platform.
NBTrader provides the front-end for NETbuilter’s OMS, which includes trade execution abilities. The integration of Morningstar’s data means NBTrader now has a much larger set of global data, while Morningstar can benefit from expanding its data to a new platform.
“The seamless integration between Morningstar’s data distribution platform and NETbuilder’s desktop workstation product and sophisticated order management and trade execution platform provides an exceptionally advanced solution for both buy- and sell-side communities,” said Roger Golesworthy, financial systems director at NETbuilder.