News

New TABB Group report on Reg NMS and the IT arms race available online through Selero

TABB Group, in its newest research note, "Reg NMS: Launching the Next Arms Race", reports that brokers' trading systems are changing at an even faster pace in response to the implementation of Reg NMS by the SEC, requiring even higher levels of routing complexity, faster execution speeds, and bulging storage capacity.

Fimat joins Borsa Italiana to offer DMA to clients

Societe Generale-owned broker-dealer Fimat has become a member of Borsa Italiana’s MTA (Mercato Telematico Azionario or Electronic Share Market) as part of its strategy of furthering its European offering to clients.

New York City Office for Charles River Development

Charles River Development, a provider of financial software and services to the global investment management community, yesterday announced the opening of its New York City office. The new location offers consulting, sales support and other services in the New York Metropolitan area.

State Street study shows investment boards more comfortable with hedge funds

According to a study by State Street Corporation, a provider of financial services to institutional investors, more than half of respondents indicated that their governing bodies are more comfortable investing in hedge funds today than they were 12 months ago. Reinforcing this interest, more than half of boards also spend 15 percent or more of their time on the subject.

Merrill Lynch 'ML FX Clone' Model Replicates Hedge Fund FX Strategies

Merrill Lynch yesterday introduced ML FX Clone, a methodology for replicating hedge funds' foreign exchange (FX) strategies that will help investors to better understand and ultimately access the FX markets with greater ease and at lower cost. ML FX Clone is designed to replicate the most widely-used FX investment styles followed by active portfolio managers.

Four-party cooperation agreement signed in Tianjin

Four partners have agreed to provide a framework to internationalise the German and Chinese financial markets. Tianjin Property Rights Exchange (TPRE), State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Municipal People’s Government, the German Agency for Technical Co-operation (GTZ) and Deutsche Börse Group signed a four-party Co-operation Term Sheet (CTS) on Tuesday in Tianjin.

Wombat technology reduces latency spikes with AMD and Cisco Technologies, study finds

An independent study conducted by the Securities Technology Analysis Centre (STAC) recently provided evidence that latency spikes common to traditional market data environments can be substantially reduced by implementing the Wombat solution on an infrastructure comprised of Cisco low-latency InfiniBand Server Fabric Switches (SFS) and AMD Opteron processor-based servers.

Clearstream expands its presence in Asia to meet market demand

Clearstream, the international central securities depositary within the Deutsche Boerse Group, is opening two new representative offices in Asia in Singapore and Tokyo. This is to better serve its growing number of Asian customers, the firm says.