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Velocimetrics has released Version 6 of its real-time business performance monitoring and analysis solution, increasing the volume of trades that can be tracked, introducing distributed processing, and extending reporting capabilities.

Tradition, the interdealer broking arm of Compagnie Financière Tradition, has integrated Azul Systems’ Zing Java virtual machine (JVM) into its high performance trading platforms to deliver predictable, high throughput and low latency execution. The company also expects the adoption of Zing to free up developer time that will be used to pursue new revenue streams.

Bloomberg has increased transparency around trading algorithms provided by Exane BNP Paribas by integrating access to the investment company’s Order Status Update feedback channel, which gives European equities traders insight into the algos, with its EMSX execution management system.

Cinnober Financial Technology has initiated a campaign aimed at setting up an industry organisation that will drive a quality standard across financial systems and software. The campaign is based on a draft quality standard proposed by Cinnober, the Financial IT Quality Assessment (FIQA), which is designed to provide transparency around the quality and cost of IT systems, and ensure investment in quality to a level that will restore public confidence in financial markets.

Alternative investment firm RiverRock is up and running with Horizon Software’s Automated Trader solution that offers an out-of-the-box low latency and high frequency trading platform, as well as a flexible development environment that RiverRock is using to develop proprietary algorithmic trading strategies.

OneMarketData has begun the roll out of a series of packaged solutions with the introduction of OneTick Market Surveillance Service, a hosted solution created by the company in partnership with Fundamental Interactions. The solutions deviate from the company’s traditional commercial model of licensing the OneTick time series tick database and analytics engine software to users and will not necessarily require customers to be existing OneTick customers.

Azul Systems continues to build its direct and third-party customer bases with recent wins for its Zing Java virtual machine (JVM) at Quotix, a provider of intelligent trade execution and management for the foreign exchange market, and Celer Technologies, a provider of adaptable high performance trading platforms.

The Australian Securities Exchange (ASX) has completed the implementation of Velocimetrics’ real-time performance monitoring and analysis software, giving it greater operational insight into the performance of its trading platform and the ability to respond quickly to any latency issues that could cause trading delays or compromise customer experience.

Codestreet, a provider of fixed income liquidity discovery and matching solutions, is planning to expand its product portfolio and extend its geographic reach following minority investments from venture capital firms Cerium Technology and Rochester Advisors.