Traiana, a provider of post-execution STP for the FX market, has announced it is working with technology firm Lava Trading, a trading solutions provider for the financial services industry, to offer Lava's FX trading clients access to NetLink.
Research firm Elkins/McSherry's eleventh annual survey of global transaction costs, released Monday, concluded that institutional traders receive the best prices among block alternative trading systems (ATS) using Pipeline Trading Systems, a registered broker-dealer and operator of Pipeline, an ATS which enables institutions and brokerage firms to trade large blocks of NYSE-, AMEX- and NASDAQ-listed issues and exchange traded funds (ETFs).
GL Trade, a provider of front-to-back-office software solutions, announced Monday it had acquired American company Decision Software, a firm which provides North American financial institutions with fixed income trading platforms and connectivity to liquidity providers.
New Jersey-based Knight Capital Group has signed an agreement to acquire agency-only trade execution firm EdgeTrade in a cash and stock deal worth around $59.5 million, reported Finextra today.
The New York Stock Exchange (NYSE) Euronext board of directors announced last week that it has appointed Duncan L. Niederauer CEO, effective 1 December, 2007, to fill the position vacated by John A. Thain, who has accepted the role of chairman and CEO of Merrill Lynch.
FlexTrade Systems, a provider of algorithmic execution management systems (EMS), has announced it has been named, for the second straight year, "Best Vendor for Algorithmic Trading" by the readers of FX Week.
Yann L'Huillier has been appointed chief technology officer (CTO) of Turquoise, a multi-lateral trading facility being set up by nine European investment banks, by its recently announced CEO, Eli Lederman.
Progress Software, a supplier of application infrastructure software, is to integrate its Apama algorithmic trading platform with FXall's anonymous electronic communication network (ECN)