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.
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.
FXMarketSpace, a centrally-cleared, global foreign exchange (FX) platform for the over-the-counter market, today announced that it is fully operational and open for trading. The on-schedule launch comes just 11 months after Reuters and CME announced the creation of FXMarketSpace in May 2006.
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.
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 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 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.
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, 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.
Quant House has implemented access to Hotspot FXi, a multibank foreign exchange marketplace, via its feed handler. Quant House is a provider of low latency market data technologies, trading strategies development frameworks, execution engines and proximity hosting services that aim to help programme trading firms to trade ahead.