Despite the massive upheavals occurring in the stock exchange business, from mergers and alliances to competition from electronic start-ups, expenditure by exchanges on technology is not growing as fast as might be expected in a business that needs to reinvent itself, find new revenue streams, and expand into new geographies.
CutterResearch, the research arm of consultancy Cutter Associates, is to perform an evaluation of execution management systems (EMSs) for a meeting of the Cutter Associates Technology Council in May 2007. "Buy-side traders' need for advanced trading tools is prompting organisations to reevaluate their trading technologies at a very basic level," says the firm. "Firms want to know which EMS players are worth evaluating, what features differentiate them, and how their OMS providers are addressing these needs as evidenced by discussions within the CutterResearch consortiums and on CutterConsulting engagements," it continues.
Trayport, a provider of real-time, electronic trading solutions, yesterday released Implied Price Calculator (IPC), a new feature of its flagship GlobalVision platform. The IPC module uses real-time market information and custom-defined rules to generate live tradable implied prices in the market.
Mantas, a business of i-flex solutions and a provider of regulatory compliance, loss prevention and revenue generation solutions, has launched Mantas 5.0, the latest version of its suite of behavior detection solutions. Examples of new scenarios include support for asset management firms and anti-money laundering (AML) solutions for insurance companies. Advanced user interface and document management features provide users with unparalleled access to information. Mantas also added enhancements to facilitate technology upgrades and integration with industry-leading middleware from Oracle and IBM.
Data, portfolio valuation and OTC derivative trade processing vendor Markit Group says that global custodian Northern Trust has selected the firm as its preferred provider of OTC derivative valuations.
The German electronic trading systems provider icubic has restructured its board. It explains the changes are necessitated by international expansion and explosive growth in demand for e-trading systems.
The UK regulator, the Financial Services Authority (FSA) yesterday published its Business Plan for 2007/8, which sets out its priorities for the coming year. It promises higher charges to regulated firms, but a continuing switch to principles-based regulation.
Logicscope Realisations has appointed Peter Collins to the new position of Head of Sales.He joins from electronic forex trading platform FXall, where he was Director of Relationship Management with specific responsibility for the EMEA region.
NASDAQ has criticized the third defence document from issued by the London Stock Exchange (LSE) against its hostile bid as further evidence of its lack of a long-term strategic vision for the business and focus on short term measures.
Morgan Stanley has added Singapore to Hong Kong and Tokyo operations as a centre of prime brokerage services in the booming Asain hedge fund market. According to industry analysts Eurekahedge, Asian hedge fund managers are now looking after $140 billion of assets, and Singapore and Hong Kong are competing fiercely to attract them.