News

Fidessa launches BlueBox algorithmic trading platform in Europe and Asia

Royalblue, provider of Fidessa, has launched BlueBox, its algorithmic trading system, in Europe and Asia. Available in the US since last October, BlueBox aims to provide easy access to pre-built, industry standard algorithmic strategies along with a toolkit for clients wanting to build their own proprietary models. "With BlueBox we have redefined the algorithmic market by lowering the financial barriers and complexities of algorithmic solutions," says Philip Slavin, head of European product strategy at Fidessa. "BlueBox enables brokers to operate their own algorithmic trading system without the need to tackle complex system integration issues."

Jeff Dorman leaves Bear Stearns to head North American prime brokerage at Deutsche Bank

Deutsche Bank Securities Inc. in New York says Jeff Dorman has joined the firm as a Managing Director and Head of Global Prime Finance in North America in the Global Markets equities business. Dorman will lead Deutsche Bank's Global Prime Finance business in North America. Based in New York, he will report to Jonathan Hitchon and Barry Bausano, Co-Heads of Global Prime Finance and Robert Karofksy, Head of Global Markets Equity in North America.

BT Radianz supplies Korean broker Goodmorning Shinhan with FIX connectivity to international buy-side

BT says Korean brokerage firm Goodmorning Shinhan (GMSH) is using its network services to offer FIX-based trading services to its buy-side clients and trading partners in Asia, the US and Europe. Goodmorning Shinhan signed an agreement with BT South Korea to use the BT Radianz shared market infrastructure. International buy-side institutions that want to trade in the Korean equity and derivatives markets must use a local broker who is a member of KRX. Now BT Radianz clients who are trading the KOSPI (Korea Composite StockPrice Index) and in the Korean securities and derivatives markets will be able to connect directly to GMSH.

Omgeo matching service to help Canadian securities industry settle on T + 1

Omgeo is making its Omgeo Central Trade Manager (Omgeo CTM) matching engine available to Canadian fund managers wanting to match both domestic and cross-border trades in Canadian securities through a single interface. The Canadian securities industry is planning a switch to settlement on T + 1.

Equiduct publishes white paper on compliance with MiFID best execution requirements

Equiduct, the company that aims to facilitate compliance with the best execution provisions of the Markets in Financial Instruments Directive (MiFID) by providing a single electronic entry point to exchanges, systematic internalisers and other marketplaces, has published a white paper that it claims "cuts through the debate and speculation to clearly highlight Best Execution requirements."

BNYConvergEx Group hires William Burke as director of sales

William W. Burke has joined BNY ConvergEx Group as director of sales for BNY Jaywalk, the firm's independent research consultancy. Mr. Burke will lead sales outreach to Jaywalk's institutional client base, introducing money managers to the recently launched Jaywalk 360 service. This matches research from Jaywalk's global network of independent research providers (IRPs) with each client's unique investment parameters and individual areas of interest, using performance screening to identify the IRPs best qualified to serve those interests.

SIFMA appoints former Goldman Sachs partner as its man in London

The Securities Industry and Financial Markets Association (SIFMA) says that Karsten Moller has been appointed senior managing director and head of SIFMA London and Asia. Moller joins SIFMA after a long career in the financial industry that includes fifteen years at Goldman Sachs, most recently as co-head of the capital structure group in investment banking in the firm’s London office.

Six leading financial services firms invest in BIDS Trading

Block Interest Discovery Service (BIDS Trading) announced yesterday that Bank of America, Bear Stearns, Credit Suisse, Deutsche Bank, JPMorgan and Knight Capital Group have invested in its recently formed alternative trading system (ATS), designed to increase competition and liquidity in the equity block trading market. The ATS is due to be launched later this month.