Instinet, an agency broker and wholly-owned subsidiary of Nomura Holdings, has released a "dynamic participation" algorithm called Sidewinder that automatically adjusts its volume participation rate as stock price moves relative to a benchmark, allowing traders to take advantage of "value" or "momentum" situations, the firm says.
Progress Software, a supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, yesterday announced that it has enabled its Progress Apama algorithmic trading platform with 'software-as-a-service' (SaaS)
Fidessa group yesterday announced that Maxim Group has gone live with Fidessa BlueBox. Available in the US, Canada, Europe and Asia, Fidessa BlueBox is an algorithmic trading solution providing sell-side firms with industry-standard benchmark strategies along with a framework for building their own proprietary models, the firm says.
European financial group SEB (Skandinaviska Enskilda Banken SA) has adopted the Progress Apama Algorithmic Trading Platform to provide its buy-side customers with advanced algorithmic trading capabilities.
UBS Investment Bank has chosen UL REACH, a product from trading solutions provider ULLINK, to publish algorithms to buy-side clients. UBS’s decision closely follows those of fellow investment banks Morgan Stanley and Citi. ULLINK announced earlier this week that both these firms were using UL REACH.
Information provider Dow Jones & Company has launched Dow Jones News Analytics, a web-based software application that enables hedge funds and banks to build news-oriented quantitative models for algorithmic trading.
Block trading ATS provider Pipeline Trading Systems has launched what it claims is the first intelligent algorithm selection engine to be made available in the institutional marketplace.