Tag: Direct market access

Orc Software, a technology provider for advanced derivatives trading and connectivity, announced on Thursday an agreement in which Swedish securities firm Erik Penser Fondkommission will use Orc for its DMA business and new proprietary trading service.

Fimat, a global brokerage organisation, has selected GL TRADE, a multi-asset provider of front-to-back-office solutions for international financial institutions, to connect to the Tokyo Grain Exchange (TGE).

Orc Software, a provider of technology for trading, market making and brokerage, has sold its entire share of Infront, a trading application software company based in Oslo, Norway.

Citi announced yesterday that it has promoted Richard Evans to global head of its electronic execution business.

The SWX Group's Swiss Exchange and virt-x, its London-based securities exchange subsidiary, have launched an initiative called 'Trading for the Future', which they say will facilitate increased levels of algorithmic trading and direct market access (DMA) opportunities for market participants.

Blame it on alpha but according to TABB Group in its newest research note, 'Cross-Asset Trading Systems: Controlling the Trader's Desktop', traders on both the buy-side and sell-side need trading systems

TABB Group's new industry benchmark study released yesterday, "Institutional Equity Trading in Europe 2007: The Buy-side Perspective", predicts that, driven by three distinct trends – unification, technology and transparency – Europe will create a far more efficient landscape for investors and asset managers than it has in the past.

Investment bank Lehman Brothers has announced the launch of direct electronic access to its LLX(tm) (Lehman Liquidity Cross) liquidity platform.

Reykjavik-based Spron Securities has implemented an electronic trading brokerage solution from trading technology provider Orc Software. Spron has deployed Orc technology comprising Orc Traders, Modelbuilder and Orc’s Direct Market Access to ICEX during the first quarter of this year. Spron is routing order flow via ExNet, the Orc network providing non-membership access to all major liquidity pools, including official exchanges and ECNs.

Societe Generale-owned broker-dealer Fimat has become a member of Borsa Italiana’s MTA (Mercato Telematico Azionario or Electronic Share Market) as part of its strategy of furthering its European offering to clients.