Stockholm-based trading technology vendor Orc Software has released new versions of its Orc Trader and Orc Liquidator applications. Orc says releases 6.1 include new volatility API and models, new market connections, transaction analytics and reporting, and click trading enhancements, as well as further improvements designed to facilitate Direct Market Access (DMA).
With hedge funds generating a growing share of trading volumes in many fixed-income products - and a majority of the volume in several especially lucrative products - global and European investment banks are concentrating their efforts on these increasingly profitable customers. Or so suggests a new study of fixed in
The London Stock Exchange (LSE) is to raise its dividend by 50 per cent on last year, as it continues to fight off a takeover bid from Nasdaq. The LSE board yesterday dismissed the Nasdaq bid as "wholly inadequate" and as "substantially" undervaluing the Exchange by ignoring its strong strategic position, earnings a
Self-styled foreign exchange aggregator Currenex has bought the TradePVR network appliance application for FIX connectivity monitoring and archiving. The TradePVR solution aims to provide instant recall and searching of all recorded FIX sessions, measures response times on all requests and provides high-level summaries and charting.
The Global Clearing Link established by independent clearing house The Clearing Corporation (CCorp) and Eurex Clearing has processed and cleared more than 23 million contacts during its first two years, CCorp announced today.
Marketpipe Limited, which operates a new issue network in the fixed income markets and also licenses its products to banks, has been sold to Ipreo LLC. Marketpipe was formed in 2000 and currently has 19 investment banking clients serviced by 30 employees from its London office. With the acquisition of Marketpipe, Ip
The Spanish Financial Futures and Options Exchange, MEFF, says Deutsche Bank Madrid has joined the exchange as a direct clearing member, and Fortis Bank Madrid has joined as a custodian clearing member. Liquid Capital Securities and Nomura International, both of which are based in London, have joined as trading member
Italian IT vendor SIA claims to have launched the first platform in Europe to verify and assess best execution, to enable securities market firms to monitor and control their operations in compliance with the Markets in Financial Instruments Directive (MiFID).
Eurex Repo, the electronic repo trading market owned by Eurex, says its Euro GC Pooling service, which was launched in March 2005, is being enhanced in conjunction with Clearstream Banking Luxembourg and Eurex Clearing to enable assets held in custody with Clearstream Luxembourg to be available for Euro GC Pooling from mid-2007 onwards. The new service is aimed primarily at international participants who use Clearstream Luxembourg as custodian for their securities.