News

Horizon Investment Management Buys OMS From INDATA

INDATA, which provides order management (OMS), compliance and portfolio accounting applications to fund managers, says Horizon Investment Management has bought its order management, portfolio accounti

SIFMA CEO calls for transatlantic regulatory "convergence"

Marc Lackritz, the co-CEO of the New York-based Securities Industry and Financial Markets Association (SIFMA), told a London conference on Thursday that regulators everywhere, but UK and US regulators in particular, need to adjust their regulatory approaches to take account of the reality of transatlantic capital flows.

GL TRADE adds Borsa Italiana markets to its ASP offering

Trading platform technology vendor GL TRADE has added the Borsa Italiana cash and derivatives markets to its ASP platform following an agreement to use the Italian and International hubs of BIt Systems, the IT arm of Borsa Italiana Group.

BIDS ATS appoints Richard B. Levin as chief compliance officer

BIDS Trading, the alternative trading system (ATS) created by a consortium of US investment banks to service the US equity block trading market, has named industry veteran Richard Levin as General Counsel, Chief Compliance Officer and Secretary to the Board of Directors.

ITG launches continuous crossing in Europe

Investment Technology Group, the technology-based equity trading services group, announced today that it has introduced POSIT Now - the continuous intraday crossing system for equities – into Europe. This will provide users with access to liquidity that is not displayed on order books (dark liquidity) and help ensure that trading opportunities are not missed.

Quant House announces the acquisition of SmartQuant technology

Quant House, the low latency market data feeds, feed handlers and solutions provider for quant traders and low latency-sensitive financial institutions, has announced that it has acquired SmartQuant technology, rebranded QuantFACTORY. SmartQuant's trading strategies development tools enable users to develop, back-test, simulate and execute program trading strategies, the firm says.

All-Time Volume High At OMX In January

A new all-time high in share trading value was recorded at OMX Nordic Exchange in January. On 25 January share trading value was EUR 8.4 billion, eclipsing the previous record of EUR 8.0 billion set on 21 April 2006.