Share |

Content about Newswire

October 21, 2014

Options, the leading private financial cloud provider for the global capital markets industry, today announced that it has completed the firm’s expansion into CME’s Co-Location facility in Aurora, IL. This latest expansion sees the firm complete its build-out of all US exchange colocation venues and follows the IaaS provider’s recent expansion into the NYSE Euronext exchange co-location facility in Mahwah, which was completed in June of this year.

October 20, 2014

FlexTrade Systems, a global leader in multi-asset execution and order management systems, has announced today that Blackwell Global has deployed MaxxTrader as its full STP and white label FX trading system to process spot currencies and precious metals, as well as FlexTCA for its analytic platform for real-time and historical transaction cost analysis.

October 20, 2014

Infinig Group, a New York based high performance software solutions company and leading provider of social media analytics for global financial markets, announced today its release of advanced API (Application Programming Interface) for access to the company’s ECHO platform.

October 17, 2014

First Derivatives, a leading provider of software and consulting services to the financial services industry, today announces it has reached agreement with the founders of Kx Systems ("Kx") to acquire a further 46.47% stake in Kx for a total consideration of £36.0m. As a result First Derivatives’ holding in Kx will increase from its current 20.1% to 65.2% on a fully diluted basis. This increase in holding is expected to be earnings enhancing in the current financial year for the Company.

October 16, 2014

TMX Atrium, TMX Group's global capital markets infrastructure provider, today announced that it has signed a distribution agreement with the National Physical Laboratory (NPL), the United Kingdom’s National Measurement Institute, to distribute NPLTime.

October 14, 2014

Orc, a global leader in derivatives trading technology, today announced Orc Smart Order Router (SOR), a flexible, high-performance routing engine designed to enhance quality of execution, reach the best liquidity and reduce costs. It also enables brokers and firms to consolidate their market access infrastructure to one global vendor.

October 13, 2014

Australian-based Metamako, supplier of ultra low-latency devices to exchanges and the trading community, has retained the services of Kevin Covington to mastermind its European expansion strategy. One of the original creators of the HFT-enabling co-location concept, in recent years Covington has been working with a leading global asset management company to extend and develop the international presence of ITRS Group. With significant experience of building, running and selling financial technology companies, Covington has been tasked by the Metamako board to develop the infrastructure for the company’s European operations to broaden out the business in London and other major trading cities in Europe.

October 8, 2014

BIOS IT today announced at the 2014 London Data Management Summit that it plans to deploy application accelerating SSDs using Memory Channel Storage technology within Supermicro server and storage platforms. This is ideally suited for a broad range of big-data analytics workloads, high-frequency trading, in-memory compute, server virtualization, VDI, and database acceleration - putting your data in motion.

October 7, 2014

NYSE Group has announced NYSE Regulation will directly perform the market surveillance, investigation and enforcement functions for NYSE Group’s three equities exchanges and two options exchanges upon the expiration of the contract with the Financial Industry Regulation Authority (FINRA) on December 31, 2015. FINRA will retain the cross-market surveillance and investigation functions and will continue to conduct the registration, testing, and examinations of broker-dealer members of NYSE Group’s exchanges.

October 7, 2014

Kx Systems, a leader in high-performance database and time-series analytics, today released version 3.2 of its kdb+ database software with its built-in programming language, q.

October 6, 2014

MCO Europe announced today that it is now the exclusive European distributor for McObject’s eXtremeDB Financial Edition, the ultra-high speed data management technology for prop- and algo-trading applications. The growing popularity of the product is due to a market-winning combination of unbeatable processing speeds and readily-available programmers.

October 6, 2014

Exegy has released new versions of its hardware-accelerated Ticker Plant and Market Data System appliances along with an updated Exegy Client API to meet growing demands from sell-side agency businesses, market makers, and proprietary traders. The 3.3 versions of the appliances and API significantly enhance Exegy’s virtual order book capabilities which provide composite views of financial instruments across multiple markets. In addition to dynamically selecting the markets that contribute to a composite data view, applications may now view the normalized trading state of the instrument on each contributing market. In addition, applications may optionally choose to filter price contributions to the composite view based on the normalized trading state of the instrument on the given market. The Exegy normalized data model also has been enhanced to allow users to respond to Request For Quote (RFQ) events. “Smart Order Routing applications represent a significant and growing proportion of the Exegy user base,” says chief technology officer David Taylor. “We worked closely with our customers to identify product enhancements that would result in higher fill rates and more profitable trading decisions,” adds Taylor.

October 6, 2014

Markit, a leading global diversified provider of financial information services, today announced the launch of new software and services that enable banks and other financial institutions to host and manage instant message chat rooms.

October 6, 2014

Northern Trust has chosen SunGard’s Asset Arena Control Center as the latest addition to the portfolio of SunGard solutions used by the asset servicing and investment management firm. Asset Arena Control Center will help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase automation and improve operational oversight and controls of the firm’s fund accounting and investor accounting activities.

October 6, 2014

Recognizing investors’ growing needs to gather and manage information flows from multiple sources in order to better react to and anticipate changing market conditions, S&P Capital IQ, a business unit of McGraw Hill Financial, and Kuberre Systems today announced the launch of a new tool for traders, market makers and portfolio managers. The new product, Event Fusion, offers real-time alerts about relevant news and information affecting investment holdings. It draws from disparate data sources, culling out news about events that users deem relevant and providing actionable real-time notifications over a wide range of preferred devices.

September 30, 2014

McObjectR, developer of the eXtremeDBR Financial Edition database system and related product family, announced that C3S, a Singaporean firm specializing in high-value and mission-critical technology solutions in market segments including finance, defense and electronic government (e-government), has joined McObject as distributor in Singapore, Malaysia, Indonesia and Vietnam.

September 29, 2014

OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced that the firm has completed certification with CME Group’s Market Data Platform (MDP) 3.0.

September 24, 2014

Tiger Infrastructure Partners (“Tiger”) today announced the signing of a definitive agreement to acquire a majority interest in Hudson Fiber Network (“HFN” or the “Company”). The transaction is expected to close during the fourth quarter of 2014, following customary regulatory approval. Further terms of the transaction were not disclosed.

September 22, 2014

ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced a dynamic order routing strategy that allows clients to designate a percentage of an order to be sent to IEX, with the remainder going to ConvergEx’s Darkest algorithm, which searches for liquidity among more than 20 other non-displayed venues. ConvergEx is offering this strategy after careful analysis of IEX executions showed that client orders were being successfully protected from latency arbitrage.

September 18, 2014

DirectFN, a leading provider of financial market data and technology within the global emerging and frontier markets, launched its browser based market intelligence platform ‘Decypha’ in June 2014. Decypha is targeted at global investors who focus on the MENA region. These global investors extend to fund managers, asset managers, private equity firms, M&A and research analysts who have current or potential exposure to the MENA region.

September 18, 2014

Kx Systems, a leader in high-performance database and time-series analytics, today announced it has signed an OEM partnership with FirstBPM, a global provider of business process management integration software. As part of the deal, FirstBPM will deploy kdb+ to greatly enhance the speed and performance of its data analytics processes.

September 17, 2014

NovaSparks, the leading field programmable gate array (FPGA) market data company, today announced NovaTick, its third generation pure FPGA feed handler solution built on a new hardware platform. NovaTick is a fully integrated ticker plant solution targeting the most demanding customers who are not willing to compromise between speed and determinism on one hand, and scalability and functionality on the other. Compared to its predecessor, NovaTick supports four times the number of instruments and five times the input/output bandwidth, while delivering sub-microsecond processing speed even during market data peaks. NovaTick also integrates the recovery service offered by most exchanges.

September 17, 2014

Object Trading, an independent provider of global direct market access (DMA), today announced it has received certification of conformance to the ICE for UK derivative products and is ready to support clients through the trading access migration from NYSE LIFFE to the ICE trading platform. Clients will be able to continue trading without disruptions to their trading systems.

September 17, 2014

REDI Holdings LLC (“REDI”), the independent, industry-backed provider of the REDIPlus execution management system (EMS), today announced the strengthening of its sales, account management and development capabilities in the New England region with the hiring of Sean Graham and Roseann Hoffman Woodford, two seasoned equity trading professionals, and Jeremy Warburg, a veteran buy-side software developer.