Derivatives

Orc Software, a global trading technology provider, has released Orc Spreader, a server-based, low-latency, high frequency solution for futures spread trading.

Deutsche Börse Systems, which operates the exchange group’s German data centres, has announced further reductions in network latency for derivatives market participants.

The Tokyo Stock Exchange (TSE) has postponed the launch of its new options trading system, Tdex+, citing delays to the system development process.

International exchange group Deutsche Börse has opened a representative office in Tokyo to provide a local hub for Eurex, its derivatives exchange, and its Market Data & Analytics unit.

Two US trading venues, equities platform Direct Edge and options exchange International Securities Exchange (ISE) – which owns 31.54% of Direct Edge – will introduce new fee schedules on 1 May that offer more attractive pricing.

Block trading venue Pipeline Financial has completed a deal to buy the assets of US block trading options firm 3D Markets, to foster institutional block crossing for US options trades.

Alternative trading systems (ATSs) will gain around a 40% market share of Canadian equities trading by 2012, estimates research and advisory firm Aite Group in a new report.

The Singapore Exchange (SGX) has announced a series of initiatives to bolster its options market, including enhancing the instruments it offers and introducing a web-based electronic trade registration system.

Goldman Sachs Electronic Trading (GSET) has added new features to its US listed options offering, including three new algorithms and the ability to auto-hedge options orders.

J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).