Thomson Reuters makes FIX network transparent
Thomson Reuters has upgraded its FIX order routing network Autex to improve performance and transparency.
The order routing system has been moved to the company’s Elektron network, which should give improved performance for users of the service.
It has also launched an Autex client portal to give system administrators a real-time interactive view of the FIX network’s status and trading activity within the firm and across counterparties.
Rob Hegarty, managing director and global head of equities, said: “The migration of Autext Trade Route onto the Elektron network allows customers to benefit from reduced latency and improved resiliency. In addition, the new Autex client portal provides are customers with a level of insight into operational risk that is unmatched in the industry today.”
InfoReach grows fixed income offering with link to eSpeed
InfoReach is rolling out its fixed income trading capabilities with a direct connection to Nasdaq OMX’s eSpeed platform, which offers a central limited order book for electronic trading of benchmark US treasuries.
The connection to eSpeed was made due to client demand and will enable users to directly access eSpeed to execute fixed income trades.
Both firms will be able to provide access to additional customers in the future to expand their global distribution.
“The addition of eSpeed to InfoReach’s global connectivity network allows us to better serve the trading community in the over-the-counter market and expand our distribution to new participants, which is a key piece of our effort to diversify the opportunities offered to our customers,” said Joe Noviello, senior managing director of NASDAQ OMX eSpeed.
Interactive Data expands FutureSource capabilities
Interactive Data has enhanced its FutureSource market data management and analytics platform.
The upgrades focus on energy and commodities data, with increased content from inter-dealer brokers ICAP and GFI covering physical, swaps and options for crude oil, natural gas, power and emissions markets.
Other data additions include cash market grain data from Informa Agra and prices for wholesale fuels in North America.
“Traders, brokers and analysts globally are demanding the content and analytical tools to understand, model and rapidly react to changes in the energy and commodities markets,” said Kyle Ford, global general manager, desktops, Interactive Data.
“Recognising these challenges, we continue to extend the depth and breadth of content available within FutureSource to include leading inter-dealer broker data, industry benchmarks and trusted news sources.”
Bloomberg launches compliance centre
Bloomberg has launched a dashboard on the Bloomberg Professional service to give greater oversight of internal message traffic for compliance needs.
Compliance Centre will provide users direct access to real-time monitoring of firm-wide message and chat communication within the Bloomberg system and give compliance officers the ability to implement metrics by which messages can be blocked and anonymous chats stopped.
The service will be integrated with Bloomberg Vault, a hosted compliance archiving application that provides other compliance tools such as message retrieval.
In a statement, Bloomberg said the service would provide buy- and sell-side firms greater ability to meet the needs of new regulation and market complexity.
SuperDerivatives provides ICE with market data service
Execution and information provider SuperDerivatives will provide market data to exchange and clearing house operator IntercontinentalExchange (ICE) as part of the latter’s efforts to enhance settlement procedures.
SuperDerivatives’ market data will provide ICE with greater data around settlement for certain less-liquid products from OTC and exchange-traded derivatives markets.
“SuperDerivatives data is extensively sourced from continuous observation of trading activity and enhanced with analytics to establish settlement price curves,” David Collins, head of strategic alliances at SuperDerivatives, said. “By working with one of the world’s leading derivatives exchanges, we will support ICE in enhancing the service they offer market participants.”