Newedge opts for Fidessa trading solution
The first phase of the deal covers trading hubs in London and Chicago, and is currently live. Subsequent phases will roll the platform out across Asia later this year.
The platform provides Newedge with a multi-asset trading solution designed to improve workflows across front- and middle-office operations, including order management, access to Newedge trading algorithms, FIX connectivity and smart order routing tools. Fidessa will also supply market data as part of the deal, together with low-latency access to 100 derivatives and cash equity markets. Fixed income trading capabilities will be added in 2013.
“We believe that firms that can harness the regulatory momentum that is bringing together the worlds of OTC and exchange-traded derivatives will have a significant competitive advantage,” said Stephen Barrow, global sales director at Fidessa. “Newedge and Fidessa share the same vision as to how this can be achieved through smarter workflow, integrated risk management and compliance and streamlined execution.”
Argus repositions SME research platform
Argus Global Equity Analytics, an independent financial services firm, has overhauled PSQ Analytics, its research offering that targets small and medium enterprises.
The updated platform is available free to all market participants and offers access to detailed information and objective research on small and growing companies listed on the London Stock Exchange’s AIM and main market.
New functionality on the platform includes coverage of all AIM-quoted companies, redesigned reports that provide more analyst insight and forward-looking comments, ownership data from Argus’s sister company Argus Vickers, and a redesigned website.
“The one aspect we haven’t changed is our analysts’ focus on providing quality information in the reports and conclusions,” said John Eade, president of Argus Research Group. “We recognise that this is a key deliverable investors are seeking from independent research.”
“We are hugely supportive of financial education and believe that it is critical that investors have access to comprehensive information and have the opportunity to engage constructively with the market, which in turn will help further boost liquidity,” added Marcus Stuttard, head of AIM at the London Stock Exchange Gro
Orc and Blue Trading Systems enhance options floor trading tools
Orc, a Swedish technology provider, has partnered with Blue Trading Systems, an options trading technology vendor, to develop new technology for options floor traders.
The combined solution will integrate Orc’s application programming interfaces and electronic options platform with BlueTrade’s tablet system.
The partnership will enable floor traders and electronic market makers to maximise opportunities in hybrid markets, by granting access to the same option prices, models and analytics.
“We are excited to partner with Blue Trading Systems and offer a solution that provides optimal performance for electronic market makers and the specific functionality and screen set up that floor traders require,” said Peter Huff, sales director at Orc.
Thomson Reuters expands Elektron data offering
Thomson Reuters, a business data provider, has launched two new low-latency Elektron data solutions for US-based market participants.
The first initiative sees Thomson Reuters launch its consolidated data feed, Elektron Real Time, in Chicago. Local market participants will be provided with full tick depth-of-market data from multiple venues around the world.
Secondly, customers using Elektron hosting centres in Chicago and New York can now access direct feeds from Canadian venues to help fuel cross-border algorithmic and systematic trading strategies.
Local professionals will be able to utilise Elektron’s high performance, distributed global architecture, to source content with significantly faster rates of delivery.
ISE extends tech deal with Deutsche Börse
The Irish Stock Exchange (ISE) will extend its Xetra technology contract with Deutsche Börse until the end of 2016.
The Xetra agreement enables the ISE to use Deutsche Börse’s trading system, which provides listing, trading and clearing services.“Participants of the ISE will continue to benefit from our high-performance Xetra technology and from all the measures we take to further develop and increase the effectiveness of the system,” said Frank Gerstenschläger, member of the executive board of Deutsche Börse.
“Our choice of Deutsche Börse and Xetra platform has been very successful over the last 12 years and our assessment of the strategic advantages of the partnership remains as strong as ever,” added Brian Healy, director of traded markets, developments, operations at the ISE.
All future modifications or updates to the trading system made by Deutsche Börse, will also be available to the ISE.
Additional reporting by Sophie Pallier