Tag: algorithmic trading

Nomura completes acquisition of Instinet for $1.2 billion

Nomura Holdings has completed the acquisition of agency brokerage Instinet for a final price of US$1.2 billion. Nomura says it is looking to Instinet to help it develop the algorithmic and other sophisticated trading technologies and execution services demanded by hedge funds in particular, but increasingly by institutional fund managers as well.

ITG announces European revenues grew 20 % in 2006

Investment Technology Group, the technology-based equity trading services group, announced yesterday that revenues in Europe for the year ended December 31, 2006, were 20 % ahead of the previous year.

Euronext to offer best execution algorithm for MiFID compliance

Euronext, the European stock exchange group planning a merger with the New York Stock Exchange (NYSE), says it is introducing a best execution algorithm, real-time dissemination of off-order book trades and new transaction reporting services as part of preparations for the implementation of the Markets in Financial Instruments Directive (MiFID) in November 2007.

Jefferies to use FutureTrade to enhance JETS offering

FutureTrade, a provider of electronic equity and option execution services, yesterday announced a strategic partnership with Jefferies, an investment bank and institutional securities firm, in which FutureTrade's electronic trade execution management system (EMS) will be offered to Jefferies' electronic trading, algorithmic and prime brokerage customers. FutureTrade's platform will serve as a trading front-end for Jefferies' Electronic Trading Solutions (JETS) product and Quantitative Execution Strategy (QES) algorithms.

FlexTrade upgrades its portfolio trading optimization platform

Algorithmic execution management system vendor FlexTrade has developed a new version of its FlexPTS portfolio trade scheduler. The goal of the system is to enable users to determine the best trading trajectory for their portfolios while minimizing market-impact cost and the risk of underperforming benchmarks.

Instinet launches new implementation shortfall algorithm

Agency brokerage house Instinet has launched a new implementation shortfall algorithm. Called Wizard PRO (Portfolio Risk Optimizer), it aims to optimize a portfolio’s trading schedule based on the correlations and natural hedges that exist among the component stocks.

TradingScreen integrates Credit Suisse’s algorithmic trading tactics for listed futures

TradingScreen, a provider of multi-broker, multi-product trading platforms with straight-through-processing, have announced the integration of Credit Suisse’s Advanced Execution Services (AES) algorithmic trading strategies for the listed futures markets into TradingScreen’s full suite of trading products (TradeSmart, TradeExcel, TradeFIX, etc…).

FutureTrade posts record results in 2006

FutureTrade, a provider of multi-asset and algorithmic trading services, has announced that it has achieved record revenues and volumes in 2006, continuing a 4-year trend. The firm's US equities trading volumes grew by 25%.

Eurex to modify prices in bid to increase volumes traded algorithmically

Eurex, the derivatives exchange operated by Deutsche Borse, is to launch an incentive program designed to increase the volumes of proprietary and algorithmic trading done by its clients. Due to be launched on 1 February 2007, the program will include volume discounts for exchange-based transactions in key Eurex product groups.