NICE, InfoReach, Tradar and more…

Software provider NICE Systems has entered into an agreement to acquire market surveillance and monitoring firm Redkite Financial Markets.

NICE boosts offering with Redkite acquisition 

Software provider NICE Systems has entered into an agreement to acquire market surveillance and monitoring firm Redkite Financial Markets.

NICE aims to boost its Actimize compliance platform with Redkite’s front-office trading technology. Redkite’s cloud-based institutional solutions offer real-time trade surveillance and intra-day analytics.

The purchase lets NICE enhance its regulatory offerings on cloud-based systems to reduce costs for clients at a time when new regulation will force firms to reform compliance processes.

“The acquisition of Redkite is an important and strategic addition to our trade surveillance and compliance business. Expanding our solutions portfolio will enable NICE to provide timely and cost effective solutions that address the rapidly evolving regulatory landscape,” said Zeevi Bregman, president and CEO, NICE Systems.

InfoReach offers multi-leg derivatives orders 

Provider InfoReach now offers FIX-based multi-leg order capabilities for derivatives on its execution management systems.

This lets users of the InfoReach Trade Management System and InfoReach Prelude platforms execute cross-asset futures and options trades via the firm’s FIX network, while supporting manual and algorithmic trading.

Traders can also modify multi-leg algo orders in line with market trends and use the suite of InfoReach trading strategies and direct market access.

“Nearly 100% of the world’s top futures and options contracts are traded electronically, so the ability to deploy advanced derivatives trading strategies gives our customers an extra edge in capturing opportunities, minimising market impact and reducing risk,” said Allen Zaydlin, CEO of InfoReach.

Tradar releases Insight 5.0 

Portfolio management and accounting software provider Tradar has launched version 5.0 of its flagship offering, Insight, with increased processing speeds.

The upgraded interface brings improved post-trade compliance management, multi-way reconciliation and more performance and risk metrics.

Additional data feeds are also available, and Insight can now calculate net asset value exposure and P&L reports. The new system will run six times faster than previous versions.

“Insight 5.0 was designed in response to client requests for improved risk and performance reporting and easier maintenance. It also provides better compliance safeguards so they can keep pace with upcoming regulation and remain ahead of their competition,” said Gerry Gualtieri, CEO of Tradar.

Linedata and StatPro team up for cloud portfolio analysis 

Trading system provider Linedata and analytics firm StatPro Group will partner to offer integrated portfolio analytics and reporting on Linedata’s products.

The offering will boost Linedata’s front-office platform for portfolio management, trading and compliance for traditional and alternative asset managers, with cloud capabilities.

Clients of Linedata’s Longview platform and StatPro can now view portfolio analytics, with risk measurement performance, contribution analysis and attribution analysis in the one place.

“StatPro are bringing a new level of portfolio analytis to the industry with their cloud solution and providing streamlined operations for consistency, transparency and compliance,” said Mike de Verteuil, group business development director at Linedata.

Moscow Exchange connects to London through Equinix 

The Moscow Exchange will deploy its first connectivity point in the UK using Equinix’s London LD4 data centre, giving clients direct access to the recently-merged Russian bourse.

With an expected round-trip latency of 42 milliseconds, the point of presence will provide FIX order routing, multicast market data and access to all Moscow Exchange markets including equities, derivatives and FX.

“This will offer our member firms and market data vendors new value-add services and reduced costs enabling them to simplify their trading architecture,” said Vahan Vardanian, CIO, Moscow Exchange.

Interactive Data add clients to 7ticks 

Low-latency and market data provider Interactive Data has added two new clients to its 7ticks network.

Online trading and investment specialists Saxo Bank and Danish proprietary trading firm Konkyl join the 7ticks network, giving them increased connectivity with direct access to more than 50 markets globally.

The 7ticks network offers direct market access, co-location and proximity hosting to direct exchange data and consolidated data across futures, options, equities and FX venues.

Orange boosts UK team 

Orange Business Services – Trading Solutions has appointed Nigel Warner as managing director, UK, and Brad Gorton as UK sales director, to exploit growth opportunities in the region and solidify London as the company’s central hub.

Warner will focus on new business generation and customer support, and joins the firm from IPC, where he was global account director working with tier-one institutions. He has also worked as EMEA global account manager for Cisco.

“Despite the challenging market environment there is still business to be done. Firms are constantly challenged by changing industry regulation and their demands continue to increase. There is a place for trusted advisers like us who take a proactive approach,” said Warner.