Quod Financial and Equiduct select Interxion
Quod Financial, trading technology provider, has opted to locate its servers in service provider's Interxion's City of London data centre. The link allows market participants to connect to Quod Financial's smart order routing and connectivity solutions at Interxion.
Quod Financial delivers electronic trading products that seek liquidity across both lit and dark venues, designed to adapt to trading conditions in real time.
Interxion's financial hub is centrally located between London's liquidity venues and hosts an extensive community of liquidity venues, market participants and service providers to the financial services sector. This allows market participants to interconnect with their counterparties within the data centre at low latency and offers the flexibility to quickly change trading strategies when required.
Separately, Equiduct, the pan-European trading platform, has migrated with its clients to Interxion's City of London data centre, supported by Atrium, the connectivity supplier.
Atrium Network's technology enables connectivity between brokers, exchanges, clearing houses, settlements depositories and market vendors globally.
Equiduct is connected to the Atrium Network community via two of its points of presence, giving the firm access to Atrium Network and the global trading community. The migration of Equiduct's trading platform is one of a number of data centre migrations facilitated by Atrium Network.
First American selects SunGard's WealthStation and Valdi
Independent US broker dealer First American has selected SunGard's WealthStation as a broker workstation for trading and reporting, and to provide its clients with secure online access to account information and market data. It has also chosen SunGard's Valdi order management system for agency and riskless principal orders. Valdi integrates with the back-office system provided by First American's clearing firm.
First American's broker-dealers, investment advisors, institutional investors will use WealthStation for trading across multiple asset classes, as well as for basket trading, performance reporting, consolidated on-screen data, real-time account views and trade execution.
In addition, WealthStation will provide First American's retail and institutional clients with online access to up-to-date information on their accounts and tax lots, as well as market data, research, and performance reporting.
Qatar Exchange selects Scila Surveillance from Cinnober
Qatar Exchange has chosen market monitoring system Scila Surveillance, developed by technology provider Cinnober Technologies, for use on its equities market.ӬScila Surveillance will be integrated with a number of existing systems at Qatar Exchange, including its Universal Trading Platform supplied by NYSE Technologies, its Equator post-trade system, PFI2 index calculation platform, data dissemination and referential management applications.
The installation is fully redundant and go-live is scheduled for Q3 2011. Olivier Gueris, COO of Qatar Exchange, said, “The implementation of Scila at Qatar Exchange will provide the exchange with the world-class real-time surveillance and reporting tools it requires in these times of robust growth and extreme market sophistication.”
Scila Surveillance was launched two years ago as a modern solution with usability and flexibility as key qualities. It was recently selected by Deutsche Börse Group for use on its Xetra and Eurex markets. A total of nine markets have chosen it to monitor trading in instruments as diverse as equities, futures and options, contracts for difference, foreign exchange and energy contracts.
KB Kookmin Bank live on Calypso for derivatives
KB Kookmin Bank, South Korea's largest bank by asset value and market capitalisation, has gone live with trading platform provider Calypso's system, to support trading and risk management of derivatives, plus treasury and collateral management.
It will provide a single cross-asset front- and middle-office platform to rationalise the existing infrastructure and will be integrated with KB Kookmin Bank's proprietary and third-party data feeds and pricing models.
Kim, Don Kyu, deputy general manager, KB Kookmin Bank, said, “We now have a great opportunity to become a regional leader in derivatives, made possible due to Calypso Technology.”
The functionalities of the Calypso system range from deal capture, desk-level risk and processing (trade lifecycle workflows) to position and risk analysis. With the new platform, a total of fourteen asset-classes will be covered including FX cash and options, money market, fixed income, credit and interest derivatives, and collateral management.
Advantage Futures joins Patsystems XConnect in Chicago
US futures broker Advantage Futures, has joined Patsystems XConnect, a fully-managed application service provider solution, to provide its customers with low-latency connectivity to several leading futures exchanges, including CME Group, Eurex, IntercontinentalExchange and NYSE Liffe.
Customers can access these markets using one of trading platform supplier Patsystems' front-end trading platforms, J-Trader or Pro-Mark, which offer functionality such as multi-leg spreading, Excel integration, options strategy creation, advanced order types and order passing capability for brokers.
Patsystems XConnect offers a choice of front-end trading platforms, pre-trade risk management and real-time network monitoring without the need for clients to manage or invest in hardware and related support resources. It is made up of a network of connected hubs located in Chicago, Hong Kong, Singapore, Sydney and Tokyo.