Share |

Newswire

Introduced late last year as a private repository for members of its Benchmark Council, the Securities Technology Analysis Center (Stac) has found its Vault facility is proving useful to members, especially for the filing of unaudited reports that are not quite ready for fully public consumption. IBM is one vendor that is embracing the facility, which is just one of the initiatives that Stac is focusing on for 2010.

Progress Software Corporation, a leading software provider that enables enterprises to be operationally responsive, today announced that Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress Apama Algorithmic Trading Accelerator. The Apama Algorithmic Trading Accelerator will play a critical role in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high frequency, proprietary trading tactics, rapid customization, and low latency execution of trades on behalf of its buy-side clients. Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange.

Merrill Lynch Japan Securities Co., Ltd. (MLJS) today announced the introduction of Japan’s first third-party hosted service for ultra low-latency electronic trading. The new platform notably reduces trading costs while maintaining connectivity speeds on par with co-location platforms offered to date in Japan.

Atrium Network, provider of smarter connectivity for the financial community today announced that it is building on its expansion into the Canadian market with low latency connectivity to Pure Trading, a Toronto-based competitive alternative auction market system aimed at attracting latency sensitive traders interested in Canadian exchange-listed securities.

Interxion, a leading European operator of carrier-neutral data centres, and euNetworks, Europe’s foremost provider of mission-critical, high-performance data services, today announced a non-exclusive partnership to provide traders with turnkey pan-European colocation and low-latency access to key liquidity venues. Solution delivery will be supported through euNetworks’ presence in Interxion data centres in France, Germany, Ireland, the Netherlands and the United Kingdom and combines Interxion’s Financial Hub offering for capital markets participants with the euTrade, next-generation pan-European trading solution.

Chi-X Canada ATS Limited and Atrium Network, provider of smarter connectivity for the financial community, today announced plans to launch the Canadian market’s first live market ecosystem, enabling equity market participants to access each of Canada’s five displayed marketplaces through a single ultra low-latency connection. The companies expect the ecosystem to be available by mid-March.

Optimum Lightpath,a market leader in Ethernet-based communication solutions for New York metropolitan area businesses, today announced the availability of its 40 gigabit optical transport service. Developed to meet the emerging bandwidth and speed demands of its smart community customers, the new service is available throughout Optimum Lightpath's entire footprint and based on a simple, flat-rate pricing model.

BLADE Network Technologies, Inc. (BLADE), the trusted leader in data center networking, today introduced its Unified FabricArchitecture (UFA) the industry’s fastest, smartest, most integrable and most proven fabric that will eliminate cost and complexity of deploying physical and virtual data center infrastructure. BLADE posted record results in 2009 and expects even stronger performance in 2010 as enterprises look to upgrade existing data center infrastructure and add new capacity.

StreamBase today announced that customers of Aleri-Coral8 or Sybase-RAP can now register to trade-in their products and migrate to StreamBase’s Complex Event Processing (CEP) software under the StreamBase Amnesty Program for Sybase-Aleri-Coral8 Customers. This follows the announcement today that Sybase (NYSE: SY) has acquired Aleri.