Orc Software, a technology provider for advanced trading, market making and brokerage, today announced Italian investment bank Banca IMI, a subsidiary of the Italian banking group Intesa Sanpaolo, has selected an expanded Orc technology solution to help it enhance the efficiency of its equities trading services. Banca Caboto, an investment bank owned by banking group Intesa Sanpaolo, also uses advanced trading technology from Orc Software.
NeoNet, an agency broker offering clients direct market access (DMA), yesterday announced it will supply trading and brokerage access to the Tokyo Stock Exchange, Osaka Securities Exchange and Jasdaq Securities Exchange. This move will be followed by NeoNet offering access to additional exchanges in the Asian region.
Neovest, a trading technology and direct market access provider, now connects to 15 'dark pools' of liquidity, trading networks that do not publish quotes on the open market. Neovest, which is owned by JPMorgan, has recently launched an active trading tool that simultaneously disseminates orders to numerous 'dark pool' destinations, the firm says.
Trading platform technology vendor GL TRADE has added the Borsa Italiana cash and derivatives markets to its ASP platform following an agreement to use the Italian and International hubs of BIt Systems, the IT arm of Borsa Italiana Group.
Instinet says that ULLINK is now offering connectivity to Chi-X, its European equity alternative trading system (ATS), or multi-lateral trading facility (MTF) as it will be known once MiFID goes into effect in November.
Trading platforms vendor GL TRADE has introduced a direct connection to Instinet's Chi-X, the first pan-European equity alternative trading system (ATS), or multi-lateral trading facility (MTF) as it will be known once MiFID goes into effect in November 2007. Available immediately, traders can access Chi- X through any GL TRADE workstation.
Orc Software, the Scandinavian trading technology firm in which Nordic stock exchange group OMX has a stake, is offering connectivity to Pure Trading in Canada, when the auction market in Canada for exchange listed securities opens on 9 March.
Royalblue, provider of Fidessa, a provider of multi-asset trading systems, market data and global connectivity solutions, has announced that Jefferies (Japan), Tokyo Branch, a member of US-based Jefferies Group, has gone live as its first client using a fully-hosted version of Fidessa's Japanese Trading Platform. Jefferies is a global investment bank and institutional securities firm.
The international derivatives exchange Eurex has been offering new trading participants an incentive program for direct market access since the beginning of the year. The initiative exempts all new participants admitted in 2007 from both the minimum transaction fee and transaction fees of up to €3,000 per month for the first year. New trading participants will also be offered training programs on a free-of-charge basis, up to a certain amount.
GL TRADE, a provider of front-to-back office solutions for financial institutions, has announced that it will offer direct connectivity to major Latin American markets including Brazil, Mexico, Argentina, Chile and Venezuela.