UBS MTF first venue to join FixSpec site
Two-year-old multilateral trading facility UBS MTF has become the first MTF to offer members an online, interactive version of the firm’s FIX specification on recently-launched website FixSpec.com.
The site provides venues with the ability to show connectivity and guidelines of use for clients and let them efficiently decode raw FIX messages and view protocol differences against the FIX 4.2 standard.
“We welcome opportunities that can help improve the efficiency and speed of the FIX on-boarding process and provide service improvements for our current and prospective members,” said Robert Barnes, CEO of UBS MTF.
Orc expands connectivity to ABN AMRO clearing
Technology provider Orc will provide access to the US execution services of ABN AMRO clearing (AAC), providing traders with increased access to US equity and derivatives markets.
Clearing and execution clients of AAC will be able to use Orc’s technology to trade US markets including SME, SBOE, Nasdaq, NYSE, ISE and BATS.
“We have created a state-of-the-art multi-exchange gateway with the aim of attracting both regional and international clients,” said Reece Effeny, director of market access, Americas, for ACC.
SunGard chosen for Banca Afirme’s treasury business
Mexico’s Banca Afirme has selected SunGard’s Front Arena to manage its treasury business to support trading and position management requirements through to settlement.
The system will handle accounting for all instrument types, including money market, equities, and exchange-traded and over-the-counter derivatives. The system will also run the bank’s portfolio management, operations, general ledger accounting, settlement and profit and loss control.
“Front Arena’s comprehensive functionality and flexible architecture will provide us with a solid and agile platform to help us grow our treasury and trading business over the next decade,” said Alejandro Monroy, market risk director at Banca Afirme.
Trayport launches post-trade suite
Solutions provider Trayport has unveiled its suite of post-trade solutions, Complete, which is designed to reduce operational costs and delays related to trading energy commodities.
Complete focuses on clearing and confirming of post-trade activity, and users can manage and monitor workflows across more than 160 markets accessible through the platform.
“The development of Complete will give users confidence that they are prepared for the evolution of the wholesale European energy markets,” said Dan Smith, head of market development at Trayport.