Trayport provides OTC clearing link
Trading solutions provider Trayport now supports straight-through processing for OTC cleared markets available at Anglo-French clearing house LCH.Clearnet.
The new clearing link connecting Trayport’s broker trading system to LCH.Clearnet’s Clearway system allows general clearing member position limits checking. This is intended to provide a single click-to-clear solution directly from Trayport trading screens to LCH.Clearnet.
“With increasing pressure from regulators to minimise counterparty credit risk and mandates forming under Dodd-Frank and the European markets infrastructure regulation requiring the clearing of OTC trades, Trayport are committed to providing easy access to central counterparties for OTC brokers and traders,” said Steven Clark, head of broker client management at Trayport.
The Trayport link is intended to help simplify workflows, as well as eliminate manual input errors and feed back real time clearing status to brokers traders and back office systems, making OTC clearing easier for market participants.
MarketPrizm and Ullink form partnership
Market data and trading infrastructure services provider MarketPrizm has entered a partnership with Ullink, the provider of connectivity and order management solutions.
The deal will enable trading firms in Europe and Asia to access MarketPrizm’s market data and infrastructure services via Ullink’s trading solutions.
The combined offering lets MarketPrizm’s low-latency feeds power Ullink’s UL IRIS for pre-trade risk, UL SMART for best execution and liquidity seeking across multiple venues or any of the UL DESK screens, which comprise Ullink’s front end. Ullink, which specialises in high- and low-touch trading for buy- and sell-side market participants through modular, front- and middle-office solutions, maintains 400 trading connections to destinations such as buy-side clients, brokers, exchanges, order routing networks and trading applications.
MarketPrizm provides low-latency market data via a standardised interface. Market participants can also use MarketPrizm’s hosting, co-location and other services at execution venues.
TradingScreen unveils combined OMS/EMS abilities
Execution management systems (EMS) provider TradingScreen has released its ‘hedge fund in a box’ concept, called TradePrime, which is designed to include all the key workflows an alternative asset manager needs into a single platform, delivered on a Software-as-a-Service basis.
TradePrime combines the firm’s TradeSmart EMS with order management system (OMS) abilities that are usually found in locally installed OMS platforms. It also offers position collection, risk, pricing and compliance services, as well as position keeping models for realised and unrealised P&L, a reporting package, risk measurement, automatic rebalancing, allocation management, end of day pricing, start and end of day prime broker and reconciliation services.
“Large alternative asset managers are responding to regulators’ and investors’ demands by introducing increased risk management, reporting and compliance,” said Philippe Buhannic, TradingScreen CEO. “The comprehensive OMS functionality in TradeSmart keeps our customers several steps ahead of OMS and EMS convergence.”
ABN Amro Clearing offers access to Nordic, Dutch markets
ABN Amro Clearing is providing customers front-end and order routing access to Nasdaq OMX Nordic cash and derivative markets and Dutch retail-focused multilateral trading facility TOM MTF.
The additions are accessible via TradeBase MX, the platform of trading technology provider tick Trading Software (tick-TS), which provides direct market access to the Nasdaq OMX Nordic markets and TOM MTF.
“We are happy to now be able to offer our customers direct access to this important part of the European markets without having to go through third-party systems,” said Jon Bright, head of backend development at tick-TS. “This is obviously the best way to fully utilise the core strengths of our platform: speed and reliability.”
ABN Amro Clearing has 24 data centres worldwide, chosen for their proximity or co-location to important exchanges including those in Sydney, Tokyo, Singapore, Hong Kong, Frankfurt, London, Amsterdam, Chicago and New York.
SunGard adds Nasdaq Basic data
Financial technology provider SunGard is now offering access to Nasdaq Basic, which delivers real-time quote and trade data for US-listed securities, through SunGard’s MarketMap global market data solutions suite.
Nasdaq Basic offers best bid and offer and last sale information for all securities listed on Nasdaq, NYSE and NYSE Amex, based on liquidity from the Nasdaq Market Centre as well as trades reported to the Financial Industry Regulatory Authority/Nasdaq Trade Reporting Facility. Users will also receive data from Nasdaq OMX BX and Nasdaq OMX PSX in one consolidated feed.
“Nasdaq Basic helps provide our customers with essential data for securities listed on all US exchanges, providing a low cost alternative to Level 1 products and a fast, simple implementation,” said Robert Jeanbart, executive vice president and global head of market data at SunGard. “MarketMap provides the flexibility, quality and cost-effectiveness customers are seeking, by offering access to the data via terminals, feeds and web components.”
releases market data offload engine
Trading solutions provider QuantHouse has launched QuantBOX, the firm’s market data offload engine (MDOE), enabling users to receive data with latency lower than 0.6 microseconds.
The product is based on field programmable gate array technology, which uses thousands of connected processing engines, each performing its task in one or several processing pipelines. QuantHouse clients can now gain from a high level of data normalisation accessible via one application programming interface, together with increased flexibility with added order book management, recovery system and fail over.
“We see companies coming from the electronics industry producing hardware-only products,” said Pierre Feligioni, general manager and founder of QuantHouse. “They do not provide flexibility and leave much of the processing on the client side, whereas the QuantBOX MDOE draws on our ten-year knowledge of the financial industry, software and electronics.”