Paris-based trading and operations software firm GL TRADE, has acquired FNX SOLUTIONS, an American company that specialises in the management and processing of OTC products. The deal will be closed in the course of February 2007.
Interest in China strategies will be high in 2007, but Asian strategies in general are likely to attract assets this year, say investors polled by Deutsche Bank in its Fifth Annual Alternative Investment Survey. The survey was conducted during the second half of 2006.
The New York Stock Exchange (NYSE) is planning a pilot programme to test the appetite among Internet users for stock exchange prices in real-time, according to a report in the Wall Street Journal on Friday.
Howard Edelstein, the former Radianz CEO injected into NYFIX by private equity firm Warburg Pincus to rejuvenate the electronic trading firm, has recruited a raft of former colleagues from Radianz, Omgeo and Thomson to help him. Warburg Pincus, where Edelstein was entrepreneur-in-residence, recently invested $75 million in NYFIX.
Brady, which provides software applications for metals and commodity trading, says revenues in 2006 were 10% higher than current market forecasts and that profit before tax will at least meet market expectations.
Tora Trading Services, a provider of trade execution and order management systems for the Asian financial markets, has opened a Hong Kong office.
The company says Tora Trading Services Limited (Hong Kong) was established to meet the growing demand for local support, sales and implementation expertise by its clients in the region.
Mellon Financial Corporation has introduced an independent, over-the-counter derivative (OTC) valuation service for a range of swaps and options to institutional clients. Mellon will provide these valuations through third-party vendors, at the direction of the institutions in question.
Continuing its push to provide investors and traders with a single-source platform for research and trading, online broker AOS has launched an expanded suite of research tools, charts, news and fundamental data, available at aosbroker.com . This latest release includes an array of integrated research tools to help tr
Charles River Development, a provider of technology systems and services for investment professionals, has announced that 2006 was its sixth consecutive year of double-digit revenue and net-income growth. Charles River brought 50 new clients live on the Charles River Investment Management System (Charles River IMS), its front- and middle-office software suite for all asset classes and security types including credit and other derivatives.
Markit Group, an industry source of independent data, portfolio valuations and OTC derivative trade processing for the global financial and commodities markets, has announced that it has acquired ABSReports, an ABS deal reporting service. ABSReports is an electronic reporting service that focuses exclusively on the p