Nordea expands SimCorp Dimension functionality
Asset manager Nordea Investment Management has gone live with new broker strategy functionality in technology provider SimCorp's Dimension order management system (OMS) for ten of its brokers.
The new broker strategy functionality lets the asset manager use information from the FIX files from brokers to directly render the relevant strategies on a trade's order ticket in the OMS.
"Placing trades via FIX to execute broker algos directly from the SimCorp Dimension order manager blotter is quick and easy," said Per Moller, global head of trading at Nordea Investment Management. "We now have teir-1 broker strategies embedded into our core straight-through-processing order execution and post-trade processes, so there is no real need for other equity execution management systems."
Deutsche Börse unveils new market data division
German market operator Deutsche Börse has combined its market data and external technology units under a new division named Market Data + Services.
The new segment will be run by managing director Holger Wohlenberg and will be divided into five core areas: front office data, issuer data, COO data and venue services. The front office area will provide brokers and trading desks with real-time data and will be run by Georg Gross.
"The new Market Data + Services segment allows us to combine our strong expertise in technology and market data to better respond to client needs and offer innovative solutions," said executive board member Hauke Stars. "We look forward to expanding our product and service offerings to further benefit the global investment and trading community."
HKMEx selects BT Radianz Cloud
The Hong Kong Mercantile Exchange will use technology provider BT Radianz's cloud service for trading of commodity futures products and market data feeds, giving the exchange greater access to liquidity.
BT Radianz Cloud provides managed access to over 100 trading venues and has around 700 member sites in Hong Kong, including many of KHMEx's clearing and broker members.
"Joining the BT Radianz Cloud community enables us to increase the number of our market participants, while at the same time bringing our Asia-focused products - including upcoming renminbi-denominated precious and base metals futures products to investors around the world who are eager to capitalise on China's growth," said William Barkshire, co-president of HKMEx.
SBI Liquidity Market selects smartTrade for FX
Liquidity management software provider smartTrade Technologies will provide its LiquidityFX tool to SBI Liquidity Market, a Japanese FX infrastructure solution and liquidity provider.
The Japanese firm will use the aggregation and smart order routing elements of LiquidityFX to reduce time-to-market for the rollout of FX trading systems to help clients control IT expenditure.
"It was imperative for us to develop a robust FX trading system for our high volume client transactions in a short space of time. As our transaction volume has been growing much faster than expected, time was critical and smartTrade's solution could be deployed very quickly," said Tatsuo Shigemitsu, representative director and president, SBI Liquidity Market.
Bayer AG to use SunGard's Adaptiv risk management solutions
German corporate giant Bayer AG will use SunGard's Adaptiv risk management tools for core OTC derivatives calculations including value at risk, potential future exposure and debt valuation adjustment.
Adaptiv provides simulation-based methodologies for OTC trading to help measure counterparty exposure and while meeting financial reporting standards.
"With SunGard's Adaptiv, Bayer can focus on utilising advanced risk management and calculation methodologies to help mitigate risk and comply with the latest regulatory requirements," said Juerg Hunziker, president, trading and risk for SunGard's capital markets business.