Amidst shrinking budgets and the need for better trading and risk management technology at hedge funds, US institutional broker Concept Capital has launched CONCEPTONE, a front-to-back office services platform for hedge funds.
Trading systems provider Fidessa has added 13 Asia-Pacific markets to the global trading service on its US-hosted execution platform in response to increasing Asian trading volumes and US brokers’ growing desire to participate in the region.
While US high-frequency traders enjoyed a bumper year in 2008 and now account for the majority of average daily trading volume in the US, declining hedge funds volumes and regulatory change could threaten future performance, according to Sang Lee, co-founder of research consultancy Aite Group.
Pipeline Trading Systems, a US block trading venue, has unveiled PowerPlay, an equities block-trading execution system for buy-side traders who want to execute large orders in volatile and fragmented markets.
US buy-side traders expect their use of options to grow in 2009 as trading conditions return to normal, according to a new study from research and consulting firm TABB Group.
The Mexican Derivatives Exchange (MexDer) has installed a new front-end solution from independent software vendor Realtime Systems Group as part of its efforts to attract more international business.
Canadian equities trading platform Alpha ATS processed trades representing more than 10% of the volume and over 16% of the value of all Toronto Stock Exchange-listed securities across all Canadian transparent marketplaces on February 18.
Patsystems, a derivatives trading solutions provider, has become an independent software vendor for the derivatives segment of Brazilian exchange group BM&F BOVESPA, allowing the firm to offer clients direct market access (DMA) to BM&F BOVESPA’s derivatives market.