NorthPoint Trading Partners, a premier prime brokerage and fund services company, has announced that it has begun offering its clients the ability to utilise NorthPoint's trading and execution services to pay for a wide variety of global research services through Commission Sharing Arrangements (CSA's). CSA's are a w
SuperDerivatives, a provider of option pricing, independent revaluation, trading and risk management systems, has released a new version of SD-IR", its interest rate options and structured products platform. The enhancements made to the system are based on feedback from clients worldwide in banks, hedge funds, asset managers and corporations.
TABB Group in its newest research note, "Liquidity Management: Pushing Automated Trading Beyond Agency Brokerage," projects that over the next five years equity internalisation rates will shift with the amount of flow matched in dark books increasing. This will be caused by Reg NMS in the U.S. and MiFID in Europe, which will make it more challenging and risky to execute equities using more traditional internalisation techniques including block trading and capital commitment.
"Over the last two years we've observed that there is a great need for an electronic platform that supports the trading of large blocks of foreign exchange (FX)," says Vijay Kedia, president and CEO, FlexTrade. FX-trading is still conducted over the telephone, which makes it prone to information leakage, says Kedia. "
Swiss Stock Exchange Services (SWX Group) and Deutsche Borse today combined their trading facilities in structured products. The supervisory board of Deutsche Borse and the federal cartel office (Bundeskartellamt) have given their approval for the partnership to go ahead. Contrary to previous announcements, the new c
The Moscow Interbank Currency Exchange (MICEX) and Deutsche Börse have signed a co-operation agreement. The two parties have agreed to provide what they call "a framework to internationalize the German and Russian financial markets with a view to attract additional investments in Russian companies."
Progress Software, a provider of application infrastructure software to develop, deploy, integrate and manage business applications, has released the Progress Apama 3.0 platform. The platform enables organisations to transform event data into real-time business intelligence in applications for algorithmic trading appl
The Technical Advisory Committee of the IBEX Indices has decided to incorporate Bolsas y Mercados Españoles (BME) into the IBEX MEDIUM CAP Index with effect from 2 January, in accordance with the Technical Regulations for the Composition and Calculation of the IBEX Indices.
Software vendor RTS Realtime Systems Group says it now offers accelerated access to Eurex’s recently upgraded market data feed, giving users what it calls a "serious first to market advantage." Recognizing the near fourfold increase in Algorithmic trading over the last three years and the wider d
Handelsbanken Capital Markets, a Nordic investment bank, is to provide agency broker NeoNet with a full-service electronic direct market access (DMA) trading solution. NeoNet will deliver NeoNet XG, a hosted system and software service for electronic securities trading. With the NeoNet XG service, the agency broker takes on responsibility for software, hardware, infrastructure, operation and surveillance. In addition to providing software services, NeoNet will handle the administration of back-office services forming a full-service solution for DMA trading. The platform fulfills regulatory requirements for Europe and the US.