Nomura adds new US data centre
Nomura, a Japan-based investment bank, has announced the further enhancement to its NXT Direct electronic trading suite with the addition of a fourth US data centre in Secaucus, New Jersey, adding to existing sites at Carteret, Mahwah and Weehawken.
NXT Direct is targeted at clients with high-frequency trading needs and offers risk-filtered, direct access to major US stock exchanges in under 1.8 microseconds for fixed-length exchange protocols and 2.8 microseconds for FIX protocols measured wire-to-wire.
Nomura also offers the ModelEx algorithmic trading suite, the TradeSpex toolkit for portfolio and single stock analytics, and NX, its non-displayed global crossing network, as part of its electronic trading offering.
LSE adds derivatives reporting to UnaVista
The London Stock Exchange (LSE) has announced the addition of reporting capabilities for exchange-traded derivatives to UnaVista, its platform for validation, matching and reconciliation.
Exchange-traded derivatives will be reported using an Alternative Instrument Identifier (AII), a new code designed to replace the current ISIN format. The LSE says its decision to increase the scope of UnaVista was driven by the Financial Services Authority's requirement that exchange-traded derivatives are reported using AII codes by 13 November 2011. This will be available on UnaVista from 8 August 2011, when the UK regulator’s new ZEN surveillance and monitoring system goes live.
“Offering transaction reporting for derivatives ensures UnaVista customers have a single solution for all their regulatory reporting needs across all markets and asset types,” commented Mark Husler, head of business development at the LSE.
Yuanta to offer direct access to Taiwanese derivatives via Orc
Trading technology supplier Orc Group has announced the addition of Yuanta Futures to the Orc ExNet Broker Network, offering the Taiwanese broker low-latency access to the Taiwan Futures Exchange (Taifex).
The deal will allow Yuanta Futures' buy-side clients to trade directly on Taifex using the derivatives broker's general clearing membership to the exchange. The contract is based on Orc's licensing subscription model.
“We're really pleased to work with Orc to provide a high performance connectivity solution for non-exchange members to access the Taifex market,” said Joyce Sung, senior vice president, Yuanta Futures. “Orc's offering broadens our reach to both regional trading participants and global traders who want to capture the unique trading opportunities in Taiwan.”
Fidessa hooks up to TMX Select
Trading technology firm Fidessa has announced connectivity to TMX Select, the recently launched alternative venue operated by Canadian exchange operator TMX Group.
TMX Select – which is targeted at high-frequency market participants – will be added to Fidessa's global FIX network and trading platform, giving clients access to TMX Select with no additional access costs.
TMX Select uses differentiated features and pricing to appeal to high-frequency traders. Executions are charged at C$0.0002 per share for stocks priced at C$1 and over and C$0.0001 per share for stocks priced under C$1. The platform also has a simplified market structure with continuous trading of board lots only, no special terms such as rebates, and a strict price-time priority for all orders. TMX Select also has longer trading hours than other Canadian execution venues, from 08.00 to 17.00.
“In our dynamic multi-market environment, it is essential that Fidessa connects to new venues as they launch, giving clients seamless and instant access to new liquidity as soon as it becomes available so they can fulfill their regulatory requirements and provide broader options to their traders,” said Martin Hakker, CEO, Fidessa Canada. “We are proud to have been connected live to TMX Select on its first day of trading and will strive to continue providing the level of service that our shared customers are accustomed to.”