Program Trading

Penserra Securities, a US-based institutional agency broker, has hired Jason Valdez to its global program trading team. read more »

Fidessa, a provider of buy- and sell-side trading technology, has enhanced the program trading functionality of EMS Workstation, its broker-neutral, low-latency trading platform for equities and equity derivatives. read more »

Buy-side traders are struggling to align their execution capabilities with the objectives of portfolio managers because of the single-stock focus of trading tools and execution venues, according to a new report from research and consulting firm TABB Group. read more »

Weeden & Co, a full-service institutional broker, and Pragma Financial Systems, a quantitative financial technology provider, have launched OnePipe Plus, a liquidity aggregator for displayed and non-displayed US trading venues. read more »

Inter-dealer broker ICAP’s historical tick data is now available through market data vendor Thomson Reuters. read more »

Market makers are more effective than electronic order books in delivering price improvement on Nasdaq-listed stocks, according to a new report by financial research and consulting firm Celent. read more »

Tora Trading Services, an electronic trading solutions provider for Asia, has appointed Peter Lewis as managing director of Tora’s New York office. read more »

Investment bank UBS has outlined plans for expansion in its Middle East operations to help accelerate its growth in the region. read more »

QuantHouse, a trading solutions provider, has announced that Société Générale Asset Management Alternative Investments (SGAM AI) is to use QuantFACTORY to develop, back-test and execute trading models. read more »

Business communications provider Colt is to provide low latency access to pan-European multilateral trading facility (MTF) Turquoise. read more »