Fidessa, RTS, Interactive Data and more…
Fidessa adopts Orange
Business Services – Trading Solutions offering
Voice and electronic trading infrastructure and services
provider Orange Business Services – Trading Solutions, has formed a deal with trading
technology firm Fidessa.
Under the deal, Fidessa clients can now use Trading
Solutions’ financial extranet, TCSnet, directly from Fidessa’s European data
centres. Fidessa and Trading Solutions’ customers will gain from improved
connectivity options. Fidessa’s community of 2,900 buy-side investment firms
and 700 sell-side brokers can now make use of an integrated connectivity
service from TCSnet, as well as potentially accessing over 2,000 Trading
“Trading Solutions’ TCSnet offers our customers one of the
best connectivity solutions possible, with access to over 50 key financial hubs
across the globe,” said Mark Bever, director at Fidessa group. “With a
reliable, secure and low-latency network, the TCSnet connectivity service is
quick, reliable and efficient.”
RTS launches RTD
RTS Realtime Systems Group has completed the global
launch of RTD Tango QUANT, its first product geared to quantitative
RTD Tango QUANT provides a suite of tools for quantitative
traders to design, optimise, analyse and execute their fully automated
strategies within one platform. Hosted in RTS’ global data centres in financial
hubs around the world, the platform integrates the firm’s connectivity and
straight-through processing abilities to more than 1,356 exchanges globally.
RTD Tango QUANT gives traders tools for building algorithmic
strategies around charting and trading signals. It also incorporates artificial
intelligence and three-dimensional visualisation, as well as risk management
“RTD Tango has been very successful as a low-latency and
high-frequency trading tool,” said Steffen Gemuenden, CEO, RTS. “Now, with RTD
Tango QUANT, we’re empowering traders to leverage their intellectual property
with optimisation and back-testing techniques.”
expands OTC derivatives valuation service
Interactive Data, a provider of pricing and evaluation
services, has expanded its OTC derivatives valuation service to include
independent evaluations of credit default swaps (CDS) and select CDS indices.
The expanded service is designed to provide additional
transparency into CDS and CDS index evaluations. The CDS transparency will be
supported by Vantage, Interactive Data’s web application that provides clients
with data into the fixed income market and the company’s evaluations.
“We believe that institutions worldwide will need to
accelerate their investments in OTC derivatives valuations and the related
technology infrastructure to respond to regulatory change and support their
ongoing risk, capital, collateral, liquidity and accounting activities,” said
Cubillas Ding, research director for the securities and investments practice at
Celent, the research and advisory firm.
Interactive Data’s CDS evaluation services covers single
name corporate, sovereign and US municipal entities and CDX and iTraxx index
trades. The service provides CDS evaluations, curves and analytics in support
of clients’ portfolio valuation, financial reporting, risk management, trading
and related functions.
ultra-fast Tokyo connection
Tokyo-based technology provider Simplex Consulting is to
release BLAST FPGA, an ultra-low latency solution for the Tokyo Stock Exchange
(TSE) equities market, Arrowhead, from August.
BLAST FPGA is a system that supports direct market access,
allowing securities firms to provide connectivity to exchanges from
institutional investors without manual intervention. Simplex developed the
product by programming the business logic to a reprogrammable field
programmable gate array, allowing software to be eliminated and providing
execution speeds of below two microseconds – the only such system active in Asia,
according to Simplex.
Simplex plans to expand support to other exchanges in Asia, including the Osaka Securities Exchange derivatives market, the Singapore
Exchange and Hong Kong Exchanges and Clearing.
Kuwait Stock Exchange
adopts Nasdaq OMX trading platform
The Kuwait Stock Exchange (KSE) has rolled out its new
Nasdaq OMX-powered trading platform. KSE’s new trading platform is based on
Nasdaq OMX’s X-stream technology and will initially support trading of cash
equities and forwards, with additional derivatives products and bonds to be
added in the next phase. Nasdaq OMX has also provided KSE with index
calculation technology and a SMARTS powered surveillance solution.
Nasdaq OMX and KSE singed an agreement in October 2009 for
provision of both technology solutions and business advisory expertise to assist
KSE in its efforts to develop its capital markets and establish Kuwait as a
regional financial centre.
“Under our partnership with Nasdaq OMX, our team at KSE has
benefitted greatly from the transfer of knowledge and experience from their
seasoned market professionals in all areas of our operations, in initiatives
such as the introduction of the KSX 15 investable index, new sectors and
proposals for new post-trade mechanisms,,” said Issam Alusaimi, head of KSE’s
projects management office.
GAIN Capital selects
StreamBase LiveView for liquidity management
GAIN Capital, an asset management and foreign exchange
trading specialist, has deployed StreamBase LiveView, the real-time analytics
platform provided by financial technology company StreamBase Systems, for
liquidity optimisation and back-office risk monitoring.
LiveView processes both live and historical data,
continually publishing live updates from the StreamBase LiveView Analytics
Service to the StreamBase LiveView Desktop. Using StreamBase LiveView, users at
GAIN interact with streaming and historical data via the StreamBase LiveView
Desktop, where raw data and the results of analysis are presented in custom
visualisations such as graph and tree maps. The goal of the LiveView system is
to help GAIN optimise available liquidity.