Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has unveiled plans to expand into central and eastern Europe (CIS), the Commonwealth of Independent States (CIS) and the Middle East with dedicated sales teams for the regions.
Investit, the specialist investment management consultancy, has opened an office at the Dubai International Financial Centre, its first in the Middle East / North Africa (MENA) region.
Credit Suisse’s Advanced Execution Services (AES) unit, the investment bank’s electronic trading division, has rolled out direct market access and algorithmic tools to five new countries.
J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).
Agency broker and technology provider ITG said its POSIT crossing network can execute trades in equities from the Czech Republic, Hungary and South Africa.
InfoReach, a trading technology provider, is to have its InfoReach trade management system (TMS) distributed in the emerging markets by Marco Polo Network, an electronic trading platform.
French broker CA Chevreux has started offering its institutional investor clients access to firms listed on the Saudi Arabian stock market (Tadawul) through swap products.
William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.
Realtime Systems Group (RTS), a trading solutions provider, is to offer its clients connectivity to Nasdaq Dubai, formerly known as the Dubai International Financial Exchange.
Fidessa, a provider of trading, compliance and connectivity solutions, has hired two new staff as part of its expansion in the Middle East, and plans to set up a regional headquarters in Bahrain.