Rabobank uses power of SuperDerivatives on FX trading
Netherlands-based financial services group Rabobank has selected SuperDerivatives’ SDX instrument-pricing and communications software to enhance connectivity of its global FX options trading.
Deploying SDX throughout its network of 15 international sales teams will increase the speed at which they liaise with traders in London, New York and Hong Kong, and their ability to price, quote and execute trades.
Martijn Sorber, managing director for international corporate risk and treasury management at Rabobank, said SDX would ensure the highest levels of synergy between the firm’s sales and trading desks, globally.
“SDX gives us the tools we need to enhance internal connectivity and the confidence that we can accurately price and manage a wide range of FX derivatives throughout the lifecycle of a deal,” he said.
Eze RealTick UltraLite extends mobile functionality
Eze Software’s has extended its RealTick execution management system (EMS) to let traders look up quotes and place orders from any HTML5-compliant mobile device, tablet, or major desktop browser, including the Apple and Android systems.
RealTick UltraLite facilitates trading in equities, options, futures, FX, and fixed income. The platform provides access to over 250 brokers worldwide. In a statement, the firm said the platform had received increased take-up from institutional clients, alongside growing demand for its portfolio and compliance analysis tools.
Bud Daleiden, managing director and head of business development for Eze’s RealTick EMS division, said: “In today’s fast-paced market it has become increasingly important for investment managers to have the flexibility to manage trade execution on the move. RealTick UltraLite untethers the trader from the desktop, offering access to the global, multi-broker, cross-asset class execution capabilities of the RealTick EMS in a convenient mobile platform.”
SunGard’s Valdi to help Pershing grow in Canada
Asset manager Pershing, a BNY Mellon company, has chosen SunGard to provide and host market connectivity with its latest international Canadian broker-dealer.
SunGard’s software-as-a-service connectivity platform, Valdi Market Access, will enable Pershing to link directly with Canadian trading venues rather than delegating execution to local brokers. By outsourcing operational costs to SunGard it has enhanced internal efficiency.
Managing director of Pershing, Derek Penn, said: “Offering our clients direct access to Canadian markets was a critical step for Pershing’s growth plan. Utilising SunGard’s hosted infrastructure allows us to focus on our core business while better controlling costs.”
Otkritie Capital installs second UK access point
Russian broker Otkritie Capital has launched a new access point that will increase connectivity to international exchanges through its presence in Equinix’s London data centre LD4.
The new link will augment the frequency of trades placed through Otkritie for clients on both sides of the Atlantic, as it facilitates the fastest route for low-latency trading between hubs in New York and London. Otkritie has an established presence on the London Stock Exchange, accounting for 2% of its aggregate turnover, and is ranked number one at Russian exchanges MICEX and RTS.
Sergy Sinkevich, Head of direct market access at Otkritie, said: “This new development is part of our ongoing investment to improve and adapt our services to our client’s needs and we aim to expand our footprint in the world’s major data centres, including on other continents.”
BCS launches low-latency Moscow-London link
Russian prime broker BCS has launched a high-speed connection between London and Moscow to extend connectivity options for its client base.
The ultra low-latency connection will operate at a sub-39 millisecond velocity, and will be offered to BCS’ prime brokerage clients. It links Moscow via the M1 data-centre and London, through the InterXion data centre, with back-up locations running through Frankfurt.
BCS will offer a free initial testing period for clients, leading to short-term contracts, with a minimum level of commitment demanded. BCS is the largest trader of equities and derivatives on the Moscow exchange by turnover.
Michael J. Barmettler, managing director at BCS Financial Group, commented: “The implementation of this new ultra-low latency connectivity service between London and Moscow establishes that BCS is leading the industry by offering our clients the best possible platform to maximise their Russia trading strategies and profits.”