News

BrokerCreditService to use GL TRADE technology

GL TRADE, a solutions provider for financial institutions, has announced that Russian DMA equity and derivatives broker, BrokerCreditService, will go live on EDX using GL TRADE ASP technology. BCS Group's clients will have a cost-effective opportunity to trade directly on EDX London which launched, last December, Russian IOB equity derivatives services. This enables equity and index derivatives based on IOB Russian depositary receipt instruments to be traded on-exchange and cleared by LCH.Clearnet.

Financial DVT blocking trade arteries, warns Xenomorph

Data Verification Time (DVT) is stalling the financial services industry, according to Brian Sentance, CEO of Xenomorph, a data management solutions provider. Research and other trading staff are spending around half their working day manually validating data, and not enough time analysing it and creating value, he says. With increasing data volumes, data sources and data complexity, this vital productivity issue is set to get worse unless it is effectively addressed, warns Sentance.

Man Financial and SDS to deliver Man E-Finance trading platform to hedge funds clients

SDS Financial Technologies, a provider of trading and electronic marketplace solutions for institutions, exchanges and hedge funds, yesterday announced that Man Financial, a broker, has licensed the SDS Alternative Trading System (ATS) from SDS Financial Technologies to launch the Man E-Finance Fixed-Income Marketplace to its clients in the United States.

Deutsche Bank hires more commodities traders In Tokyo

Deutsche Bank is to add to its estimated 20 to 25 commodities specialists in Asia with the recruitment of new staff to be based in Japan. The move signals the German bank's intention to expand in the commodities sector as price rises for oil, nickel and copper coupled with continued low interest rates has lead to increased interest in the territory from investment banks.

F&C Asset Management buys data management platform from Citadel Associates

F&C Asset Management has chosen Citadel Associates' CADIS as its data management platform. The product was chosen following a search and selection process. "We are delighted that F&C has selected CADIS to build an Investment Solutions Layer for its Data Management function. We look forward to working closely with them and to building a long-term relationship with such a high profile client," says Jean Williams, CEO of Citadel Associates.

ICAP adds New Zealand dollar to EBS foreign exchange trading platform

ICAP wants to offer electronic trading in the New Zealand dollar around the globe. The inter-dealer broker is introducing the "Kiwi dollar" (NZD) to the EBS electronic spot FX trading platform as a tradable currency against the US dollar so traders can view the NZD tradable pair along with the other major dollar, euro and yen currency pairs, and precious metals, on the same screen.

Calypso attains Markit's first certified partner status

Calypso Technology, a provider of capital markets trading software solutions, yesterday announced that it has received Certified Alliance Partner status under Markit's certification program which was launched in January 2007. Calypso is the first provider of trading and trade processing solutions to successfully complete the certification program.