Trading systems vendor Patsystems has released an upgraded version of its front-end platform for professional traders. Pro-Mark 3.9 includes new charting functionality, accessible directly from the live quotes screen. The company claims it offers users complete control over their trading preferences, with fully-configurable technical indicators, chart styles and representations including market profile.
SwapsWire has claimed record volumes in 2006. The electronic swap trading platform says that last year it confirmed more than one million trade events for the first time - more than double the number in 2005.
FXall today announced that it has gone live with Accelor, a foreign exchange ECN for professional market participants. It aims to combine the anonymity of ECN trading with an advanced technical architecture and comprehensive market data.
London-based fund manager Schroders has expanded its relationship with the UK-based fixed income and derivatives portfolio modelling software vendor CAfIT to include use of an "analytics engine."
Dundee-based fund management group Alliance Trust has bought the front-office modules of the Simcorp Dimension investment management system from Danish IT group SimCorp. Alliance Trust will use the Simcorp technology in both Dundee and Hong Kong for portfolio management and modelling, trade order management and performance attribution.
The heads of global markets and investment banking at Merrill Lynch, Dow Kim and Greg Fleming, have predicted that the firm will earn three quarters of its investment banking revenues from outside the United States within five years.
Financial data provider Perfect Information says that it has signed a three year deal with JPMorgan Cazenove to supply the investment bank with PI Filings, Perfect Information’s database of over seven million company filings. Perfect Information has been supplying JPMorgan Cazenove with financial information for over twelve years and the bank has chosen to renew its subscription to PI Filings. The database has been deployed across all desktops in JPMorgan Cazenove’s European Corporate Finance departments.
Market data management software vendor Arcontech has released an application which it says will help banks and brokers with their best-execution obligations under MiFID by allowing users to check the prices of equities across European execution venues to ensure they remain in line with their best execution policy.
The New York Mercantile Exchange (Nymex) is planning an IPO that could value the exchange at more than $1 billion, according to news reports in New York. The move comes as exchanges in New York, Chica
Fidelity Brokerage Company, and Lehman Brothers have linked their alternative trading systems (ATS): Fidelity's CrossStream and Lehman Brothers' Liquidity Center Cross (LCX).