BATS selects Correlix latency management
Market operator BATS Global Markets has joined the RaceTeam service offered by latency monitoring firm Correlix.
The service will be rolled out this year to provide insight into latency on all of BATS US-based markets, including the BATS equities exchanges BZX and BYX Exchange and BATS Options. It will provide data measured by Correlix as a complementary service to BATS' own latency monitoring service, launched earlier this year.
RaceTeam is a venue-neutral service that lets buy- and sell-side firms manage and receive objective real-time latency intelligence information from various trading venues. Together with BATS Exchanges, Correlix RaceTeam service will provide latency data for all major US equities markets. BATS data is expected to be available on RaceTeam later this year.
“We believe this is a service that makes markets better by increasing transparency,” said Chris Isaacson, chief operating officer at BATS Global Markets.
Thomson Reuters connects matching service to SGX and CME Clearing
Thomson Reuters' new global trade confirmation service, Thomson Reuters Trade Confirmation, has connected to the Singapore Exchange and Chicago Mercantile Exchange Clearing.
Thomson Reuters Trade Confirmation is designed to provide a matching service that enables firms to legally match confirmation details and route to multiple central counterparties through a single connection, providing straight-through processing.
Initially focusing on non-deliverable forwards and FX Options, the new service is intended to be asset-class, central counterparty and trade repository agnostic. Users can confirm and route trades to the central counterparty of their choice. They can also process, monitor and analyse trade status in real time, thus meeting compliance needs.
Patsystems offers Market-Q intelligence
Technology provider Patsystems is now offering charting and news from Market-Q, the browser-based terminal provided by market data firm Interactive Data.
“We believe that Market-Q will be a significant value-add for our customers who are looking for integrated order execution and charting from a single screen,” said Barry White, regional director for Patsystems Asia.
The Market-Q charting and news feature will be available will be available for over 30 Patsystems-supported derivatives markets throughout Asia, Europe and the Americas.
Integrated into Patsystems' front-end trading platform, J-Trader, the Market-Q “widget” will also be rolled out to Patsystems' other trading system, Pro-Mark. Users will be able to use Market-Q's charting tools, which include real-time streaming data with more than 30 technical indicators, as well as real-time news and information.
As an introductory incentive, Patsystems customers will receive a free one-month trial of Market-Q.
MarketAxess creates CDS indices market with RBS
Investment bank RBS has become the first dealer to provide streaming, executable markets to fixed-income trading platform provider MarketAxess for credit default swap (CDS) indices.
RBS is providing markets for US high grade and high yield CDX indices, as well as European iTraxx indices. Investors are able to initiate trades using the MarketAxess streaming markets protocol.
MarketAxess will provide a suite of straight-through processing functionality for CDS trades taking place on the platform, including connectivity to the available central counterparties for CDS.
“RBS is helping to promote the implementation of electronic CDS trading today, and we expect to add further dealers to the streaming markets platform for CDS indices in the near future,” said Kelly Millet, president of MarketAxess.
Market Axess provides a trading platform that is used by 800 institutional investors. The firm also provides market data, connectivity solutions, technology services and execution services for exchange-traded fund managers and other clients.
Nomura opts for Fidessa compliance solution
Japanese buy-side firm Nomura Asset Management has gone live with Sentinel, the buy-side investment compliance solution provided by trading technology provider Fidessa.
Sentinel automates real-time pre- and post-trade compliance for mutual and institutional funds. It features data processing capabilities and a user-friendly interface.
Nomura Asset Management had ¥25.7 trillion in assets under management, as of March 2011.
Fidessa's network provides connectivity to 2,400 buy-side firms and 600 brokers across 150 markets around the world.