The adoption of order management systems by the buy-side is expected to continue growing, despite the economic slowdown that has gripped the financial industry, according to a new report from research firm Aite Group.
Apama, the complex event processing and algorithmic trading division of Progress Software, has launched a futures spread-trading application in association with FFastFill, a provider of derivatives trading technology provider.
Market data provider Thomson Reuters has launched a new ultra-low-latency market data solution to the International Securities Exchange (ISE), the US electronic options exchange.
China’s Shanghai Stock Exchange (SSE) is planning to launch an information system to facilitate trading in its block execution market, according to an interview with Geng Liang, governor of the SSE, in Shanghai Securities News, a Chinese financial newspaper.
US equity trading volumes increased by half in the first two months of 2009, despite widespread falls in asset prices and higher investor redemption levels, according to research from Credit Suisse Advanced Execution Services (AES).
Chi-X Europe, a pan-European multilateral trading facility, has appointed Mark Howarth as interim CEO, replacing Peter Randall, who is stepping down for personal reasons.
NYSE Arca Europe, a displayed pan-European multilateral trading facility (MTF) created by exchange group NYSE Euronext, started trading today and will offer free trading until April as part of a three-week-long launch promotion.
ICE US Trust, a New York limited liability trust company owned by US futures exchange group IntercontinentalExchange (ICE), has started clearing and processing credit default swap (CDS) index transactions in the North American Markit CDX indices.
While the volume-weighted average price (VWAP) algorithm has been a mainstay of the buy-side’s trade execution arsenal for many years, it appears many traders are now turning their backs on an old favourite. Algorithm providers are reporting a sharp decline in their clients’ usage of VWAP tactics.