Apama, the algorithmic trading and complex event processing division of Progress Software, has launched version 4.2 of its event processing platform, which is designed to make it easier for non-technical users to develop faster and more powerful algorithms.
Brazilian hedge fund Kairos Asset Management has chosen financial software firm StreamBase’s complex event processing (CEP) platform to build a new high-frequency trading system for equities and foreign exchange.
Agency broker ConvergEx has retained James Elkins, a founder of transaction cost analysis firm Elkins/McSherry, as a consultant to its plan sponsor business. Elkins will advise ConvergEx on how customised transition management strategies can be used to reduce the costs associated with portfolio restructuring.
A lack of standards for a European consolidated price tape and best bid & offer source is impeding the ability of sell-side firms to prove best execution and evidence performance back to the buy-side.
Nomura Securities International, the US brokerage division of Japanese investment bank Nomura, has released a new set of US algorithmic trading strategies as it continues to expand its global offering.
Thomson Reuters has become the first data vendor to offer a direct market data feed from SBI Japannext, a Japanese proprietary trading system (PTS) for equities.
Investment Technology Group, an agency broker and financial technology firm, has extended its POSIT non-displayed trading platform to cover equities from Greece and Cyprus.
US boutique broker Capstone Global Markets (CGM) has become the first user of the new equity options functionality on trading technology provider Fidessa’s US hosted trading platform.
Pan-European multilateral trading facility (MTF) Chi-X Europe has launched Chi-Velocity, a solution that aims to combine the speed of sponsored access with the additional functionality and risk control of direct market access (DMA).
Otkritie and Metropol UK will be the first Russian brokers to trade depository receipts on Turquoise, a pan-European multilateral trading facility (MTF).