Redkite offers real-time surveillance via Options PIPE
Redkite Financial Markets, a provider of market surveillance systems, has deployed its flagship market surveillance product, Redkite Surveillance, on the Private Financial Cloud services platform run by technology company Options IT.
Exchanges, buy- and sell-side firms can now use the surveillance solution within days by establishing a FIX connection to a managed Redkite Surveillance installation running on the Options PIPE platform.
Redkite Surveillance allows financial risk and compliance officers to monitor their firm’s trading activity in real-time, demonstrating to regulators that their risk management and compliance systems are running on the same real-time standard as front-office trading systems.
“Risk management and compliance systems have lagged behind the front-office trading systems for some time, which have exposred firms to a higher level of risk, both in the market and from regulatory action,” said Justin Amos, co-founder and COO at Redkite. “With Redkite Surveillance we are providing a risk and compliance solution that was built to math the real-time standard long established in the front office.”
MarketPrizm announces PrizmScope data cloud service
Market data and trading services firm MarketPrizm and tick database and complex event processing firm OneMarketData are planning to launch PrizmScope Tick Data Cloud Service.
PrizmScope will provide hosted analytics covering real-time and historical market data encompassing depth of book, trades and quotes for all major equities and derivatives markets in the EMEA region. The service will be available in Q3 2012. It will be delivered by cloud infrastructure and can be used with signal generation, market analysis, strategy back-testing, transaction cost analysis and compliance applications.
The product aims to make it quicker and easier for investors to access and manage large quantities of historical data. PrizmScope users can run analytics on trade and quote data, merged order books and custom data sets as needed by selecting real-time or historical market data for specific ticker symbols, data fields and time frames.
“Our PrizmScope Tick Data Cloud service is designed to meet financial institutions’ ever increasing need to store and efficiently manage historic data,” said Tanuja Randery, CEO of MarketPrizm. “Typically, historical data solutions are expensive and difficult to manage. We have worked to overcome these problems for our clients by deploying a scalable, powerful ready to use, analytical solution on our own infrastructure.”
Integral provides access to Russian exchange through FX cloud
International investors can now access Russian ruble liquidity on the country’s MICEX-RTS exchange via FX Cloud, the trading solution provided by FX platform provider Integral Development.
Participants on Integral’s FX Grid, a global connectivity and trading network that links electronic communications networks and market making banks to FX market participants, can access all currency pairs and tenors available on MICEX with no need to build an adapter or wait for a leased line to be put in place.
“Russia is becoming more and more important to FX market participants around the world and MICEX-RTS is at the centre of this rise,” said Harpal Sandhu, CEO, Integral Development. “Like all of our services, our connection is delivered in the cloud. Participants on FX Grid simply sign up for it and are instantly connected to this leading exchange in Russia.”
Tata Communications launches global HFT network
Indian infrastructure company Tata Communications has launched a low-latency network designed to facilitate high-frequency trading (HFT) in major financial capitals spanning Asia, the UK and the US.
Designed for companies that are latency-sensitive, the network will enable firms to execute trades between locations including London, Hong Kong, New York and Singapore in milliseconds through a single network.
Customers can build multi-point low-latency networks that communicate from city to city rather than exchange to exchange. The Tata network has been designed to offer up to 35% savings on circuit and operations costs. Latency is measured every five minutes on a 24/7 basis, up to two decimals after the millisecond range between each point of presence. All data is stored for trend analysis.
“Tata Communications has been an aggressive early-mover in Ethernet and currently offers the largest multipoint-to-multipoint service network in the market,” said Joel Stradline, principal analyst and financial research firm Current Analysis.
BT adds Sao Paulo to international network
BT, a UK-based telecoms provider, has added connectivity to Sao Paulo to its Radianz Venue suite of managed network services.
BT Radianz Venue provides market participants with optimised latency interconnectivity between and within data centres internationally. The extension of the service to Sao Paulo is set to improve access to liquidity for the BT’s clients across Latin America.
Over 450 institutions are already part of the BT Radianz Cloud in this region.
“Latin America’s financial markets have become increasingly attractive to domestic and global investors and demand to access the opportunity in the region has increased,” said Tom Regent, president, global banking and financial markets and sales and marketing, BT Global Services. “BT Radianz Venue represents a significant development in the provision of hosting capabilities and lowest latency between trading venues and financial centres.”
New BMV front-end to be powered by RTS
RTS Realtime Systems Group, a global trading solutions provider, will use a customised version of its front-end technology to power a new front-end for the Bolsa Mexicana de Valores (BMV).
This move builds on the relationship between RTS and BMV that was initiated when the technology company built technology for MexDer, the Mexican Derivatives Exchange owned by the BMV Group, more than three years ago.
The expanded provision allows members of BMV and MexDer to access the Mexican equity and derivatives markets and their market data on one exchange-provided trading screen. Additionally, BMV members will have the ability to use RTS risk management technology to control access to all available asset classes.
“As our members are increasingly interested in trading across asset classes, this new deployment will bring them the opportunity to easily access and participate in the equity and derivatives markets alike,” said Alfredo Guillen, COO, equity markets, BMV.
Migdal Stock Exchange Services added to the SunGard Global Network
Israeli brokerage Migdal Stock Exchange Services has joined trading technology provider SunGard’s Global Network, a trade automation and connectivity solution.
Migdal provides stock exchange services to private investors, private and public companies, and institutional clients and is a member of the Tel-Aviv Stock Exchange (TASE). Through admission to the SunGard Global Network, the firm can now offer its clients trading services and research expertise covering the Israeli capital markets.
Members of the SunGard Global Network will also benefit from the ability to trade securities listed on TASE through Migdal.
“Buy- and sell-side firms are expanding their trading activities to reach dynamic economies such as Israel," said Phillipe Carré, global head of connectivity for SunGard’s capital markets business. "As the addition of Migdal shows, SunGard continues to extend its emerging markets connectivity to help customers reach more trading destinations quickly and efficiently, helping them capitalise on trading opportunities in these countries.”