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March 17, 2015

Algo-Logic Systems, a recognized leader in providing hardware-accelerated, deterministic, ultra-low-latency products, systems and solutions for accelerated finance, packet processing and embedded system industries, announced today availability of their new Coherent Accelerator Processor Interface (CAPI) enabled Full Order Book solution on IBM POWER8 systems. The CAPI enabled Order Book performs all feed processing and book building in logic inside a single Stratix V FPGA on the Nallatech P385 card. The system enables software to directly receive order book snapshots in the coherent shared memory with the least possible latency. The low latency Order Book is designed using the on-chip memory for customer book sizes with many thousands of open orders, up to 24 symbols, and reporting of six L-2 book levels. For use cases where millions of open orders and full market depth need to be tracked, the scalable CAPI enabled Order Book is still implemented with a single FPGA but stores data in off-chip memory.

March 17, 2015

Thomson Reuters has today launched new controls in its instant messaging service to improve the ease with which financial markets professionals can communicate with their counterparties whilst helping ensure the highest standards of compliance.

March 16, 2015

Exegy, a leading provider of managed services and technology for market data normalization and distribution, has announced today the availability of its fourth generation of hardware accelerated appliances. Exegy unveiled the first FPGA-based appliance for market data processing in New York in June 2006. It quickly garnered attention by significantly reducing latency for normalized data delivery while consuming far less space and power in the data center. Since that time, Exegy has developed a high-performance and feature-rich product line that is backed by comprehensive managed services. Today Exegy serves as a strategic partner to leading exchanges, market makers, sell-side banks, buy-side asset managers, and proprietary traders. "This is a significant achievement for Exegy that underscores our relentless commitment to innovation. It is tangible evidence of our sustained efforts to deliver the manifold benefits of our intellectual property portfolio of over 125 patents and patents pending to the financial services industry," says chief executive officer James O'Donnell.

March 12, 2015

Liquidnet, the global institutional trading network, today announced that industry veteran Chris Jackson has joined the company as European Head of Liquidnet's Execution and Quantitative Services (EQS) Group. Chris brings over twenty years of experience to this new role which will involve setting the strategic direction of the European trading desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet's global algorithmic offering with European clients.

March 12, 2015

Orc, a global leader in trading technology, today announced they will expand coverage of Nasdaq markets to include Nasdaq Futures (NFX), the exchange group’s U.S.-based designated contract market (DCM), on its first day of trading.

March 10, 2015

Announced at the 40th Annual FIA Conference today, The Technancial Company (TTC) is first to market with their Eurex Clearing Prisma (Prisma) 2.05 real-time margin methodology on TTC’s JANUS. Much of the talk at Boca this week is about the scheduled replacement - at the end of 2015 - of Eurex’s RBM (Risk-based Margining) with Prisma, the new, dynamic methodology for calculating and simulating Eurex Clearing margin requirements.

March 10, 2015

Fidessa group has today announced that RBS has selected Fidessa’s futures and options trading platform to enhance its execution capabilities within the global derivatives business. Both firms will mutually benefit from the wealth of experience and talent they offer in the derivatives space as RBS invests in the technology necessary to continue to provide its clients with a top quality execution service.

March 10, 2015

McKay Brothers Microwave has launched the industry-leading private bandwidth service between Slough and Frankfurt. McKay’s latency between Slough-LD4 and Frankfurt-FR2 is 4.64 milliseconds (ms) round trip, the lowest known. The company is finalizing more routes between the UK and Frankfurt as well as a London Metro service.

March 10, 2015

OpenGamma, a leading provider of OTC market structure solutions, is working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades. The solution will implement the final Standard Initial Margin Methodology (“SIMM”) being developed by ISDA, which will meet the requirements set by the Basel Committee and due to be implemented by December 2015.

March 10, 2015

Velocimetrics, the provider of real-time business performance monitoring and analysis solutions, today announces TipOff can now capture network packets to disk at a sustained rate of 40 Gigabits per second (Gbps) on a single 2U Appliance using the AHA374 GZIP compression/decompression card supplied by AHA Products Group.

March 3, 2015

Azul Systems, the award-winning leader in Java runtime solutions, and Celer Technologies, a leader in adaptable high performance financial markets trading platforms, today announced a partnership that allows Celer’s customers to leverage the power of Zing, Azul’s Java Virtual Machine (JVM) designed for systems that require consistent low latency and high throughput. By integrating Zing into Celer’s platform, their next-generation, Big Data trading solution is able to leverage a Java runtime that delivers consistent low latency for all their trading modules – from trade implementation to execution, from clearing to client reporting and from risk management to compliance monitoring. Together, Celer Technologies and Azul Zing deliver a competitive advantage to trading firms, giving them the ability to completely customize the application, analyze large amounts of data in real time to find the best opportunities and enjoy market leading trade execution.

February 26, 2015

BTS, London Stock Exchange Group’s multi-asset and multi-market front end trading and quoting solution, today announces a direct connection to Turquoise, the European Multilateral Trading Facility (MTF). Through Turquoise, the BTS GUI, powered by GATElab, offers members access to over 4,000 shares, Depository Receipts, and ETFs admitted to trading from 18 European countries. BTS, developed on Java, can be downloaded and installed directly on a member’s PC, offering a single point of connectivity to all LSEG markets.

February 26, 2015

Quotix, a fintech company specialising in intelligent trade execution and management for the FX industry, has implemented Azul Systems’ Zing in order to eradicate Java garbage collection (GC) issues and latency outliers.

February 19, 2015

Bloomberg announced today that as of December 1, 2014, Bloomberg's sell-side trading solution has been granted approval by the Financial Conduct Authority (FCA) to report securities with an International Securities Identification Number (ISIN) and Over The Counter (OTC) derivatives as part of the Approved Reporting Mechanisms (ARM) regime within the United Kingdom.

February 19, 2015

Caplin Systems, e-distribution specialist and the pioneer of single-dealer platform (SDP) technology, today announced Michael Wee as its new General Manager and Head of Asia Sales. This key appointment builds on the company’s commitment to the region.

February 17, 2015

Societe Generale Prime Services – formerly Newedge – today announced that it has acquired a minority stake in Global Markets Exchange Group International LLP (“GMEX Group”).

February 3, 2015

Orc, a global leader in derivatives trading technology, today announced a multiyear contract with Erste Group Bank AG. A longtime Orc client, Erste Group’s Equity Capital Markets team has used Orc for trading and market making, in particular on Erste’s own structured products. By migrating to Orc’s Electronic Execution platform, including the Orc FIX Access connectivity product, Erste Group has now consolidated legacy market access gateways into a coherent, manageable and expandable framework, while significantly reducing complexity and infrastructure cost.

January 28, 2015

BATS Global Markets (BATS) today announced a definitive agreement with KCG Holdings to acquire Hotspot FX, a leading institutional spot foreign exchange market, in a cash transaction valued at $365 million.

January 28, 2015

Global Markets Exchange Group International (GMEX Group) today announced that it has taken a strategic stake, through its GMEX Technologies (GMEX TECH) subsidiary, in the UK based post-trade software firm Avenir Technology Limited (Avenir).

January 27, 2015

Corvil, the IT data analytics company to run your business in the now, today announced its most successful year to-date, reaching several significant milestones at the close of 2014. Over the course of the year, the company has grown to:

January 27, 2015

MillenniumIT, a London Stock Exchange Group (LSEG) company, today announces that it has appointed Lorne Chambers as Head of Sales & Marketing. Lorne joins MillenniumIT from NASDAQ OMX where he was most recently Global Head of Sales and Business Development for SMARTS Integrity, NASDAQ’s global surveillance solution. Based in London, he will serve as a member of MillenniumIT’s executive team and will be responsible for leading global sales activities across MillenniumIT’s entire product portfolio.

January 21, 2015

Global asset manager Russell Investments and Integral Development Corp., a leading FX technology company, announced today the launch of Russell FX Network (RFX Network), a new end-to-end trading solution for the buy-side community for netting, execution and allocation of foreign exchange transactions. RFX Network is designed to help institutional investors including asset managers obtain currency exchange rates that seek to minimize tracking error with respect to the rates published by WM/Reuters.

January 21, 2015

Codestreet, the leading provider of fixed income matching and liquidity discovery solutions, today announced significant minority investments from leading venture capital firms, Rochester Advisors and Cerium Technology. The investments will help accelerate the growth of the Codestreet Dealer Pool (“CDP”), the firm’s dealer-centric platform for solving the liquidity challenges of the corporate bond market.

January 21, 2015

Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, today announced that it has successfully integrated its real-time market surveillance capabilities with the Zagreb Stock Exchange’s (ZSE) trading platform across all trading segments; their regulated market, MTF and OTC trading platform.