QuantHouse releases EBBO feed
Trading solutions provider QuantHouse has introduced a high-speed European best bid and offer (EBBO) feed that offers insight into the liquidity available across Europe's multilateral trading facilities and primary exchanges.
The firm's low-latency market data solution, QuantFEED captures raw data co-located within the exchange, performs microsecond decoding and delivers normalised data through a single application programming interface.
The QuantHouse EBBO Feed is designed to be highly configurable. Users will be able to pick venues, consolidate bid/ask, trades, open/close, high/low and trading status, use level one or full order book depth,. Users can also employ different modes for the BBO including cumulated size, latest quote and biggest size, use VWAP computation and real-time monitoring of market activity and latencies.
Market participants can access the feed via any of the 15 QuantHouse points of presence within the US and European exchange data and proximity hosting centres.
“We have leveraged our market data technology that we supply to high-frequency trading firms and used it to help our clients define the EBBO they need for their trading business whether that's arbitrage, smart order routing or best execution,” said Denery Fenouil, co-founder of QuantHouse.
UNX partners with INTL Trading in Latin America
Trading technology provider and agency broker UNX has teamed with INTL Trading, a subsidiary of execution and advisory firm INTL FC Stone, to provide customised electronic trading solutions for Latin American markets through the UNX Catalyst trading platform.
INTL Trading will deploy Catalyst as its internal execution management system and distribute Catalyst terminals to its institutional clients. The firm is also joining the multi-broker network UNX Marketplace, where it will become a broker destination.
As part of their strategic partnership, the firms are also collaborating to develop functionality specifically for the Latin American region. INTL Trading will be able to integrate its proprietary intellectual property into Catalyst for its client base using the Catalyst software development kit (SDK).
“Using the SDK, we'll be able to create customised and region-specific plug-ins to deliver value added services and enhance our clients' trading experience,” said Will Dennis, managing director of the electronic trading group for INTL Trading.
Thomson Reuters offers RTS market data
Thomson Reuters is now receiving data from Russian exchange RTS via the FIX/FAST protocol, allowing users of the data providers terminals to obtain data on all RTS market instruments with an order book depth of 10.
Market data is also available for Russian derivatives venue FORTS, the Ukraine Exchange and Eurasian Trade System Commodity Exchange, in addition to the last trading price and best bid and ask for RTS spot markets instruments.
Thomson Reuters terminal users can receive information on price limits, average weighted prices and required collateral amounts for all markets.
SunGard acquires Swiss collateral management firm
Trading technology provider SunGard has reached an agreement with Swisscom IT Services, part of Swiss telecoms group Swisscom, to acquire its Zurich-based securities lending, repo, synthetic finance and collateral management software provider FINACE.
“FINACE offers a sophisticated solution for securities finance and collateral management operations,” said Brian Traquair, president of SunGard's position, risk and operations business. “The solution, and the specialist expertise and knowledge of the FINACE team, will complement SunGard's existing portfolio of securities finance solutions which includes Apex, Astec, Global One and Loanet.”
SunGard provides software and processing solutions for financial services, higher education and the public sector, as well as disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
Broadridge boosts European team
Technology services company Broadridge Financial Solutions has appointed two new executives to grow its business.
The firm has hired Simon Bennett as managing director, sales, for Broadridge City Networks (BCN) and Robert Binney as a senior business development director.
Bennett will focus on growing the business in EMEA, bringing the BCN product suite, which includes reconciliation and operational risk management solutions, to buy- and sell-side clients. Binney will work in a business advisory capacity to increase the Broadridge footprint across its international solution and service range.
Bennett has over 20 years of financial services experience, having held numerous senior roles with global software vendors in Europe, the US and Asia including at technology provider Linedata Services, GL Trade and telecoms company Alltel.
Binney previously worked at banking software firm FIS, risk and compliance solutions company Fortent and Citigroup, as well as Chase Manhattan Bank.
Chile selects Omgeo and IBM solutions
The Chilean Stock Exchange has selected software provider IBM to provide market data on Chilean companies for investors. The move is intended to boost international investment in Latin America.
IBM's WebSphere Front Office for financial markets is software designed to help financial institutions and service providers integrate more than 100 direct and consolidated sources of market data and conduct transactions with low latency. It combines ultra-low latency messaging technology with feed handler technology derived from IBM's acquisition of InfoDyne Corporation.
The Chilean exchange has also established a relationship with Brazilian exchange BM&F Bovespa, as well as teaming with the stock exchanges of Colombia and Peru to form the Integrated Latin American Market, which began operations in June.
Meanwhile, the Chilean Central Securities Depository (DCV) has partnered with post-trade services provider Omgeo, allowing brokers to access the central matching abilities of Omgeo central trade manager (CTM) via their DCV system, SADE. Two Chilean brokers, CELFIN and LarrainVial, have agreed to adopt the service once it becomes available in late 2011.
The direct link to Omgeo CTM allows DCV broker participants to automate the trade lifecycle more fully, increasing levels of straight-through processing and lowering operation risks and costs.