NYSE Technologies offers colocation in Singapore
NYSE Technologies, the technology provider arm of NYSE Euronext, has expanded its connectivity at the Singapore Exchange (SGX) with increased colocation access.
NYSE Technology’s Secure Financial Transaction Infrastructure (SFTI) now lets customers at the Singapore Exchange trade in multiple Asian markets through one single point of access, in addition to NYSE Liffe, the firm’s European-based derivatives market.
“Through our partnership with SGX, colocated customers can work with one single connectivity provider without making costly investments in infrastructure, staffing and mitigating risk to trade in other Asian markets,” said Burgin, head of Asia-Pacific, NYSE Technologies.
Interactive Data announce CICI support
Technology provider Interactive Data will support all ISO 17442-based entity identifiers, starting with the Commodity Futures Trading Commission's (CFTC) Interim Compliant Identifier (CICI).
Support will be offered through the firm’s Business Entity Service, which now provides services including CFTC CICI for OTC derivatives trading reporting, to help clients identify and manage counterparty risk.
Interactive Data also plans to expand coverage of its Business Entity Service by mapping and cross-referencing new LEI schemas as they are introduced to the existing data within the service.
“We see the introduction of LEI as an opportunity to go beyond simply providing the identifier. By linking it to entity hierarchies and their issued securities we can provide clients with a more comprehensive solution to monitor risk exposure and see a more complete risk profile,” said Mark Hepsworth, president, pricing and reference data at Interactive Data.
SunGard’s Fox River provides algos for Macquarie Group
Fox River, the algorithmic arm of SunGard, will provide its suite of algos for Canadian operations for the institutional clients of investment bank Macquarie.
Macquarie’s Canadian institutional customers can now trade inter-listed equities on Canadian and US venues and settle in a single currency using Macquarie’s global equities platform.
“The Canadian equity landscape has become increasingly complex and demands a sophisticated and flexible approach to execution that is independent from exchange or other trading venues. Integrating Fox River’s algorithmic solutions with Macquarie’s Canadian equities platform helps give our clients high quality execution while helping us to expand our electronic execution footprint around the world,” said Damian Hoult, head of global execution services at Macquarie.
Neonet expands offering to Prize Capital Markets
Service provider Neonet has expanded its execution client base to include Oslo-based brokerage Prize Capital Markets.
Neonet will deliver managed execution services for trading in primarily Nordic equities for the newly established firm that provides institutions with research services that focus on Nordic equities.
“In the current challenging times for the financial markets, Prize has set up a business model that even established brokerage firms should envy. Prize can focus all internal resources on adding value to the services to their clients, while outsourcing non-core services to Neonet,” said Andreas Parback, sales manager, Neonet.
Portware chosen by IPM for FX
Investment manager Informed Portfolio Management (IPM) will use platform provider Portware for its global FX trading.
Stockholm-based IPM is a systematic macro and equity managers offering diversified portfolio solutions to institutional investors and Portware FX will be customised to meet the firm’s trade workflow, which has some US$7 billion in assets under management.
“Our traders need a customisable FX trading solution that would allow them to execute orders against any bank, ECN or interdealer platform and leverage next generation automated trading strategies,” said Fredrik Wingren, head of trading at IMP.
Charles River opens new Hong Kong office
Investment solutions provider Charles River has opened a regional sales office in Hong Kong office as demand for its Investment Management Solution (IMS) grows in the region.
Hong Kong joins Singapore, Melbourne, Tokyo and Beijing as the firm’s five Asia-Pacific offices, and signals the firm’s expansion into the Chinese market for IMS clients.
“This new office allows us to provide over 130 Asia-Pacific clients, including 30 in Hong Kong and greater China, with increased implementation and consulting expertise and understand the region’s unique market and technology needs,” said Cameron Field, managing director, Asia-Pacific at Charles River.