News

Tethys adds new options features to EMS

Trading software and analytics provider Tethys Technology has added a new module for options auto-quoting and centralised, risk-managed trading to its Execta execution management system (EMS).

US execution venues offer cheaper trading

Two US trading venues, equities platform Direct Edge and options exchange International Securities Exchange (ISE) – which owns 31.54% of Direct Edge – will introduce new fee schedules on 1 May that offer more attractive pricing.

ULLINK cuts DMA platform latency

ULLINK, a global connectivity provider, has reported that its UL BRIDGE V3 direct market access (DMA) platform has reached a top speed of 45 microseconds per order.

Brokers adapt to buy-side’s ‘broad touch’ needs

Difficult market conditions since the second half of 2008 have accelerated a trend toward a ‘broad touch’ approach to trading, delegates at the TradeTech securities industry conference were told in Paris last week, as clients demand access both to market intelligence from experienced sales traders and electronic execution tools that can identify liquidity in a low-volume climate.

Buy-side hampered by transaction cost paralysis

Brokers may or may not be routing client orders to reduce their own trading costs, but the real focus of buy-side ire at the TradeTech securities industry conference held in Paris this week was the transaction cost analysis (TCA) providers who are failing to provide the evidence to convict the accused.

Dark pools at odds with price discovery

Taking liquidity away from the public order book poses a threat to the buy-side’s ability to discover prices, say top investment managers at the TradeTech securities industry conference held in Paris this week.