Knight’s Oasis to end drought for US mid-cap investors
US broker Knight Capital is launching a new ‘smart order execution’ algorithm designed to help investors source liquidity in small- and mid-cap stocks.
News
Nasdaq MTF follows Chi-X into Portugal
Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by global exchange group Nasdaq OMX, will start trading Portuguese listed stocks on the same day as rival MTF Chi-X Europe.
Apama connects algo platform to Lime Trading System
Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has connected its algorithmic trading platform to the Lime Trading System, an execution service provided by US agency broker Lime Brokerage.
Realtime provides DMA to US equity venues
Trading technology provider Realtime Systems (RTS) has announced plans to offer direct market access (DMA) and sponsored market access (SMA) to a range of new US equity trading platforms.
Deutsche Börse releases news feed for automated traders
Deutsche Börse Market Data & Analytics, the information division of German exchange group Deutsche Börse, has launched CEF alpha+ macro, a data feed that supplies macro-economic news directly to automated trading applications.
Asset managers must be opportunistic despite turmoil – study
While the financial crisis and the resulting losses will prompt asset managers’ end-clients to seek simpler investments, they will still require investment firms to be opportunistic, according to a new study from independent financial services think tank CREATE-Research.
SOR, algos boost dark trading in Europe – NYFIX
Pan-European dark pool NYFIX Euro Millennium has reported that average daily traded value on its platform increased 70% to almost €82 million in May 2009 from around €48 million in December 2008.
Fidessa unveils trade analytics service
Trading technology provider Fidessa has launched a global analytics platform that enables its sell-side users to conduct real-time pre-trade, intra-day and post-trade calculations from multiple data sources.
Two brokers launch DMA offerings
Two sell-side firms, Finnish banking group Sofia Bank and London-based prime broker and service provider Kyte Group, have both announced plans to offer direct market access (DMA) to their clients.
US broker Auerbach Grayson expands in India
New York-based broker Auerbach Grayson has teamed up with Reliance Equities International Private Limited, a stockbroking subsidiary of Indian financial services firm Reliance Capital, to offer US institutional investors greater access to India’s capital markets.