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Progress Apama has signed up Link Investimentos, its 18th client in Brazil in just 18 months, for its algorithmic trading platform. The deal underscores Progress Apama's assertion that the local electronic trading market is booming as investment banks and brokerages adopt next-generation trading technologies to enable algorithmic and high-frequency trading strategies.

Cable & Wireless Worldwide has responded to market demand for high-speed exchange connectivity with a new configuration of its International Ethernet Private Line (IEPL) network. The company reckons the newly configured network will meet the needs of high-performance traders by delivering high speed – up to 1Gb per second – as well as predictable and secure ethernet connections.

Icap has selected Tervela technology to support a global messaging infrastructure for its electronic broking division Icap Electronic Broking (IEB). Tervela's TMX message switches, TPE persistence engines and the TPM provisioning and management system beat IBM's MQLLM solution as well as products from Tibco Software, RTI, Solace Systems and 29West in a rigorous nine-month product evaluation and sales process that came down to a bake-off between Tervela's hardware-based solution and a software-driven messaging system.

IBM has added five feed handlers to its WebSphere Front Office for Financial Markets platform as well as a delay adapter that can be used to delay the distribution of real-time market data feeds by a predefined amount of time.

Nordic multilateral trading facility (MTF) Burgundy's addition of Fixnetix to its lineup of connectivity suppliers brings the number of connectivity options to five, including Verizon, BT, TNS and IP-Only.

SunGard has integrated its smart order routing and algorithmic trading solutions, GL Stream and GL Tactics, with market data feeds from QuantHouse, a leading provider of ultra low latency market data technologies. SunGard customers using the solutions will be able to select data feeds from either SunGard or QuantHouse, according to speed, content, resiliency and stability, helping them to choose the right feed for a specific time and goal. The integration is part of SunGard’s multiple market data vendor strategy, designed to help improve the support for customers in algorithmic trading, high frequency trading or multi-venue environments.

euNetworks Group Limited, announced quarterly growth in total revenue of 25% against fourth quarter 2008, achieving €8.5 million revenue. This growth includes one-off revenue of €0.8 million relating to asset sales. Excluding one-offs, recurring revenue grew 13% against fourth quarter 2008. Gross margin was 48% in the quarter, up from 43% in 2008. During the quarter, 24 new customers were signed. The net loss from operations, and before exceptional items was €5.6 million, improving from €7 million in quarter four 2008.

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced the expansion of the Interactive Data 7ticks ultra low-latency trading network to the East Coast. Interactive Data 7ticks, which is offered by Interactive Data Real-Time Services, provides innovative electronic trading networks and managed services.

This month’s bulletin from the Financial Information Forum (FIF) finds that NASDAQ OMDF hit a new record of 1,266 mps over 1 second, up 189% from the previous month.