ASPOne sees opportunity in capturing trade data in the OTC markets

ASPone, the London-based trading, market data, connectivity systems developer and managed services supplier has launched a new initiative aimed at positioning the company to exploit the growth occurring in trade capture, trade routing and straight through processing (STP) within the over-the-counter (OTC) markets with capabilities for multi-asset classes and financial markets globally.

FlexTrade upgrades its portfolio trading optimization platform

Algorithmic execution management system vendor FlexTrade has developed a new version of its FlexPTS portfolio trade scheduler. The goal of the system is to enable users to determine the best trading trajectory for their portfolios while minimizing market-impact cost and the risk of underperforming benchmarks.

Nasdaq board criticizes London Stock Exchange for failing to engage with it

As the deadline for acceptance of its offer drew near, the Nasdaq Stock Market yesterday ticked off the London Stock Exchange (LSE) for failing to take its proposals seriously. In a response to LSE shareholders, Nasdaq said that the management of the exchange had "completely failed to engage" with its proposed merger plans, despite the fact the current Nasdaq offer was the best deal for shareholders.

Orc Software offers access to Pure Trading ATS in Canada

Orc Software, the Scandinavian trading technology firm in which Nordic stock exchange group OMX has a stake, is offering connectivity to Pure Trading in Canada, when the auction market in Canada for exchange listed securities opens on 9 March.

BOAT selects technology provider and business partner

BOAT, a consortium of nine investment banks launched to address regulatory changes in the financial markets with respect to pre-and post-trade market data provisions, has selected Cinnober Financial Technology, a provider of marketplace systems, post-trade management and trading applications technology, to be its technology provider and Markit Group, an industry source of independent data, portfolio valuations and OTC derivatives trade processing, as its business partner. Cinnober will provide the software that will form the basis of the BOAT platform and will supply hosting and operational services, while Markit will manage all the business operations of BOAT.

Liquidnet to acquire Miletus Trading

Liquidnet, the electronic global marketplace for block trading, has announced that it has signed a definitive agreement to acquire Miletus Trading, the agency-only brokerage firm that provides quantitative execution strategies and analytics to institutional investors. The transaction is expected to close by the end of March, pending regulatory approval.