News

GL TRADE, a provider of front-to-back office solutions for financial institutions, has announced that it will offer direct connectivity to major Latin American markets including Brazil, Mexico, Argentina, Chile and Venezuela.

Orc Software, a provider of technology for advanced trading, market making and brokerage, has announced the appointment of Anders Berg as chief financial officer. Anders Berg joins Orc from the largest listed industrial holding company in the Nordic region, Investor AB, where he held the position of vice president and head of finance for five years.

Orc Software, a provider of advanced trading, market-making and brokerage technology, has set new benchmarks for scalable, multi-strategy trading based on Orc's Liquidator solution, running on Solaris 10 Operating System (OS) and Sun Microsystem's Fire T2000 CoolThreads Server. Performance tests measured the system's

Quant House, the market data feeds, feed handlers and solutions provider for quant traders and low latency-sensitive financial institutions, has released its feed handler for the NASDAQ Stock Market's TotalView-ITCH 3.0 and pan-European exchange Euronext's 'FIM over MMTP' data feeds. "By using the Market By Order fea

ClariFI(TM), a provider of software and services focussed on quantitative portfolio management and research, announced today that the Robust Risk Model created by Axioma, a provider of risk analysis and portfolio rebalancing tools to the financial community, is now integrated into ClariFI's ModelStation(TM). The Axiom

FIX Protocol Limited (FPL) has released the FIX Adapted STreaming (FAST) Protocol Specification Version 1.1, which is recommended for adoption by the FPL Market Data Optimisation Working Group, the team responsible for the development of FAST. It is now publicly available and can be downloaded from FPL's website at www.fixprotocol.org/fast.

Operational scrutiny of hedge funds will continue to intensify this year due to demands from investors and regulators, according to Conifer Securities, a provider of business and operations solutions to hedge fund managers. Conifer identified investors' growing requests for separately managed accounts as one area in

Credit Suisse has launched its US Systematic Alpha Equity Fund to exploit market inefficiencies by combining a quantitative stock selection model with actively managed event-driven strategies. This serves to diversify the risk profile of the portfolio and exploit return opportunities, says Credit Suisse. The CS US Sy

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.