NYSE approves FlexTrade link for options trading

FlexTrade Systems, a provider of multi-asset algorithmic execution management systems, yesterday announced that its clients now have direct access to NYSE Arca Options through FlexOPT, its algorithmic options trading and risk management solution that enables users to minimise market impact, transaction costs, and risk exposure.

LatentZero integrates EMS functionality into its Minerva OMS

LatentZero, a provider of front-office systems for the buy-side, yesterday announced the launch of an integrated order management and execution management system. Capstone Minerva, the company's OMS, now has an integrated EMS trading module designed for asset managers. The new system means that buy-side traders no longer need to stage orders to third-party EMSs, manage orders in two or more separate systems, or be hampered by inefficient, error-prone workflow, the firm says.

Goldman Sachs selects Fidessa as additional source for listed derivatives

royalblue, provider of Fidessa, yesterday announced that Goldman Sachs has selected Fidessa as an additional distribution platform for buy-side listed derivatives flow. Fidessa's global connectivity network provides a highly resilient solution for routing buy-side order flow to broker destinations. Through Fidessa's network, users will now have the capability to route listed derivatives, cash equities and algorithmic orders, across 60 exchanges and 23 countries, to Goldman Sachs.

Euroclear records record operational performance in 2006

The Euroclear group of national and international central securities depositories (CSDs) says 2006 surpassed all previous performance records across all business activities, at the operational level.

Average hedge fund up 1.48% in January, says Hennesee Group

Hedge fund advisors Hennessee Group say that the Hennessee Hedge Fund Index advanced +1.48% in January, while the S&P 500 advanced +1.41%, the Dow Jones Industrial Average rose +1.27%, and the NASDAQ Composite Index climbed +2.01%. Bonds were again the laggard in January, as the Lehman Brothers Intermediate Government Corporate Bond Index advanced +0.04%.