Trading Technologies, FastMatch, Object Trading and more…

Trading Technologies (TT) has become the first software vendor to pass conformance with new London-based futures exchange, CME Europe.

By None

TT to provide CME Europe access

Trading Technologies (TT) has become the first software vendor to pass conformance with new London-based futures exchange, CME Europe.

The move means TT will offer day one access to CME Europe, which is expected to launch on 9 September pending regulatory approval.

TT clients will be able to trade on CME Europe via its X-Trader platform at no additional cost.

"We expect this new exchange from CME Group will provide our broad international client base with interesting new opportunities to hedge and manage risk, and we look forward to the launch," said TT's CEO, Harris Brumfield.

Firms will be able to host gateways internally or can outsource connectivity to TTNET, a full managed hosting solution.

All contracts on CME Europe will also be available through TT's new MultiBroker solution, which is currently in beta but expected to launch in the coming weeks.

TT has also signed two distribution agreements. Clearing and settlement service GH Financials has adopted its high-performance, fully managed hosting solution to provide global derivatives market access to their mutual clients.

It has also agreed with Goldman Sachs to added TTNET to its suite of futures trading systems. TTNET enables firms trading on international futures markets to minimise latency with its worldwide data centers connected to major exchanges.

FastMatch added to Equinix London campus

Electronic communications network FastMatch has launched a new matching engine in Equinix's London Slough data center campus.

FastMatch already operates it FX Spot and metals matching engine at the Equinix NY4 data center in New York and the addition of London will give its clients in Europe access to real-time transparent quotes.

FastMatch said that as trade markets become more interconnected, investors require local access to a wide range of asset classes in order to effectively manage their risk.

Dmitri Galinov, CEO of FastMatch, added: "London is an FX trading capital of the world, yet traders in Europe currently have no access to real-time quotations or trades from any major FX ECN.

"The prices are either intentionally delayed or coming from the United States. We are excited to deliver real-time transparency to this previously underserved region."

Fixnetix launches Canada pre-trade risk chip

Low-latency market data provider Fixnetix has launched a pre-trade risk microchip for ultra low-latency execution on Canadian cash markets.

The new chip, called ix-eCute, has been designed to meet Canadian regulatory requirements proposed in the Canadian Securities Administrators National Instrument 23-103 rule. The rule introduces specific obligations for direct electronic access to Canadian markets.

Fixnetix also announced it has secured the business of a major Canadian investment bank to use its iX-Eye product, which gives risk command and control and is integrated with ix-eCute.

Marcus Perrett, head of development at Fixnetix, said: ""Our leading Canadian customer is now fully compliant with the latest IIROC-mandated regulation using our FPGA technology."

The solution is live and trading on TSX, TMX Select, TMX Venture, Alpha, Matchnow and Chi-X Canada. 

Object Trading adds DMA for NLX

Direct market access (DMA) provider Object Trading has announced its clients are now live trading on Nasdaq OMX NLX, the new London derivatives market.

NLX said the agreement with Object Trading will enable it to rapidly expand the reach of the market offering across firms using FrontRunner.

Object Trading CEO, Steve Woodyatt, said: "The NLX platform model, with its uniquely structured cross-margining capabilities, makes it  compelling listed derivatives marketplace for our clients, who are actively pursuing more efficient ways to manage their capital costs."

He adds that Object Trading will continue to work to connect more of its clients to NLX in the coming months.

Object Trading's DMA suite, FrontRunner, provides sell-side and buy-side firms with access to 55 equity, derivatives and FX markets globally.

RTS expands operations in China

Trading solutions provider Realtime Systems Group (RTS) has made several upgrades to enhance its growth in Hong Kong and mainland China.

One of the biggest developments is a plan to move its data center to the Hong Kong Exchange's (HKEx) co-location facility, as well as an expansion of its Hong Kong office. The firm is developing low-latency gateways to capalise on HKEx's Orion initiative and connect to its equities and derivatives platform.

This week, it also launched a chinese-language website and also recently established a Shanghai Office.

Steffen Germuenden, CEO of RTS, said: "We continue to believe that Greater China presents a significant strategic growth opportunity for RTS and that our broad offering of hosting, risk management, trading and connectivity solutions can play an important role in fostering the growth of locally based brokerages and trading firms."