NYSE Technologies and Xignite unite for online market data
NYSE Technologies, the commercial technology arm of exchange group NYSE Euronext, and Xignite, a provider of web-based market data services, have launched a new service providing access to real-time, historical and reference market data for all NYSE Euronext markets via the Internet.
Designed to extend the benefits offered by the NYSE Technologies Capital Markets Community platform introduced in 2011, NYSE Technologies market data web services are geared towards non-latency sensitive clients and those in remote locations. The first phase offers real-time retail reference pricing for NYSE, NYSE MKT and NYSE Arca markets.
Using a standard Internet connection, users can access NYSE Euronext market data and customise it according to their needs, from developing trading solutions for financial web portals to enabling Internet-powered devices. The user interface offers data services from across NYSE Technologies’ full portfolio of market data assets. The second phase, scheduled for the third quarter of 2012, will offer NYSE Bonds data, NYSE Liffe Level 1 and Level 2 data, and NYSE and NYSE MKT order imbalances.
DM BOS opts for SunGard trading services
Polish OTC brokerage house DM BOS has chosen financial technology provider SunGard’s Valdi and SunGard Global Network offerings for direct market access and global connectivity.
The deployment will help DM BOS prepare for the launch of a new NYSE Euronext-supplied trading platform at the Warsaw Stock Exchange (WSE) and help expand its business by offering connectivity to global exchanges and a network of trading participants.
Specialising in futures and options, DM BOS had the highest futures trading volumes on the WSE in 2011. The firm will use Valdi’s automated trading tools for auto-hedging, index arbitrage, market making and contract rollover management. DM BOS will also use Valdi’s pre-trade risk management tools, together with WSE market connections and integrated FIX connectivity.
Brazil’s NEO Investimentos embraces FlexTrade algos
Brazilian investment management house NEO Investimentos has deployed FlexTRADER, the execution management system provided by technology firm FlexTrade Systems.
As part of the deployment, NEO Investimentos will also use FlexTrade's pairs algorithm suite, called FlexSpread.
“We wanted a platform that would give us the coverage we wanted while also allowing us to develop and implement our own algos and trading strategies,” said Marcelo Cabral, founding partner of NEO Investimentos. “While we were planning on writing our own pairs algos, we reviewed FlexSpread and found it was perfect for our needs in trading Brazilian equities, so we decided to have it included with the overall package.”
smartTrade technologies unveils FX package
smartTrade technologies has released LiquidityFX, a packaged liquidity aggregation and smart order routing system for FX built on the firm’s liquidity management platform. LiquidityFX is designed to provide buy-side market participants with access to deeper liquidity, better prices, improved hit ratios and reduced slippage.
Available as a hosted or standalone system, LiquidityFX can be deployed quickly and connects to more than 25 FX exchanges, electronic communications networks and single bank platforms. It provides algo routing strategies and best execution reporting features.
“The FX market structure is fragmented and pricing streams vary widely, said Peter Atkinson, head of FX product management at smartTrade. “LiquidityFX aggregates the pricing feeds and harmonises the information, providing a real-time view of the top of book and market depth while preserving the unique characteristics of the prices for use by the smart order router.”
Activ Financial and Enyx offer low-latency Canadian solutions
Low-latency market data provider Activ Financial is now offering market data from all Canadian exchanges and alternative trading systems.
Activ will offer customers market data from the Toronto Stock Exchange, TSX Venture, Montreal Exchange and Alpha Exchange. The expansion provides traders interested in Canadian equities with access to information from all marketplaces.
Activ will also be providing its North American clients normalised Canadian market data through the firm’s aggregation product, Virtual Book. Originally developed for US equities and adapted for FX trading, Virtual Book can be used by any organisation interested in receiving a consolidated view of Canadian order books either aggregated by price, broker or market. The tool enables traders to view multiple feeds simultaneously, removing the need to manually organise information.
Meanwhile, ultra-low latency trading solutions provider Enyx has added support for alternative trading system Chi-X Canada to its field-programmable gate array-based trading platform. The Enyx platform has a latency of below 1.2 microseconds, giving users faster order entry to Chi-X Canada.
The Enyx solution encompasses both market data acquisition and order execution from the same hardware.
“Chi-X Canada is delighted to work with an innovative provider like Enyx, and we remain committed to working with vendors that can provide tools and products that enhance trading efficiencies for our participants,” said Dan Kessous, CEO, Chi-X Canada.