CME Group, and the Dubai Mercantile Exchange Limited (DME), an energy futures and commodities exchange based in the Middle East, announced today that they have successfully completed the migration of DME's contracts to the CME Globex(R) electronic trading platform.
The successful transition enables the world's three crude oil benchmarks - WTI, Brent and Oman - to trade on the same platform alongside CME Group products across all major asset classes. The DME contracts will be accessible for trading beginning 18:00 EST on Sunday, February 1, equivalent to 03:00 Dubai and 07:00 Singapore on Monday, February 2. Clearing will continue to process through the NYMEX clearing house until it is integrated with CME Clearing.
Welcoming the move, Ahmad Sharaf, Chairman, DME, commented, "This migration is not only a strong step forward in the growth of the DME's existing contracts but is also a mark of the success that the DME has achieved in building robust contracts recognized and traded by leading industry participants. The visibility and reach offered by the CME Globex platform will dramatically increase the global exposure of both the DME Oman Crude Oil Futures Contract, and the DME Oman Crude Oil Financial Contract, which also successfully migrated to the CME Globex platform on February 2."
"The transition of DME's contracts to CME Globex further represents the benefits of merging the NYMEX businesses with CME Group, not only increasing the distribution of the contracts to a global set of hedgers and investors, but also opening up new possibilities for arbitrage and other sophisticated trading strategies on a single, virtually 24-hour platform," said Terry Duffy, CME Group Executive Chairman. "These benefits are available to established users of our markets as well as the new participants we welcome along with the DME contracts."
DME CEO Thomas Leaver added, "The DME Crude Oil Futures Contract is recognized as the crude oil benchmark for the East of Suez region, and as such is increasingly used for efficient price risk management as well as affording arbitrage opportunities with the other crude oil pricing regions. This next step in our development will open the contract to a new and diverse set of market participants, and we will continue to work with our core stakeholders, strategic partners, and existing customers and traders to build on this momentum throughout 2009 to identify avenues of growth that will drive the DME to new heights."
Showing posts with label Trading Platform. Show all posts
Showing posts with label Trading Platform. Show all posts
Monday, 2 February 2009
Tuesday, 28 October 2008
Geneos Wealth Management Enhances Trading Platform
Geneos Wealth Management, Inc. (Geneos), a Denver-based broker/dealer serving financial advisors, today announced major enhancements to its industry-leading technology platform.
The latest version of the Web-based Geneos application -- Nexus 2.0 -- automates many of the tasks associated with an independent financial advisor's business, including account opening, compliance, and reporting. A fully open architecture platform, Nexus 2.0 enables its users to manage data in multiple formats and applications and allows comprehensive paperless document imaging.
"What makes Nexus 2.0 unique is the innovation in its design and function," said Dean Rager, Senior Vice President for Geneos. "Our streamlined software development methodology provides for a very rich application that delivers more features and functionality than ever."
The Web-based system allows reps to access information virtually anywhere, and its paperless data environment provides efficiencies and flexibility in reporting, business approval, and compliance processing. Nexus 2.0 also incorporates direct input from reps -- key reporting has been in conjunction with advisors -- to create a suite of services that are adaptable to broker needs. "Nexus 2.0 is a rep's fully customized office -- available anywhere," said Rager.
By bringing together technologies such as Rich Internet Application (RIA) programming techniques and XML interfaces, Nexus 2.0 is a full-fledged technology platform designed to be nimble and agile in a fast-changing compliance environment. Nexus, which has won several industry awards, including the "Run Smarter Award" from Laserfiche, is able to meet rigorous auditing and regulatory mandates with a transparent solution for tracking and managing data.
In addition, Nexus 2.0 incorporates straight-through processing, which virtually eliminates faxing and cuts printing and mailing costs and audit preparation time. Nexus 2.0 also provides all client data to its clearing firm partners, Pershing and National Financial, in a single easy-to-use interface.
"The robustness of Nexus 2.0 can only be made possible by developers with years of experience in the Independent Broker/Dealer industry," said Geneos President and CEO Russ Diachok. "In line with the definition of its own name, Nexus 2.0 can be the core or center of an independent advisor's technology strategy."
While more than 70 different reports available in the full version of Nexus 2.0, Geneos allows its representatives the ability to pick and choose the components that best suit their independent practice. "There's no comparing Nexus 2.0's data power over any other competing system," said Rager, "but the system can exist in many different forms. There is no paying for things you don't need with Nexus 2.0."
The latest version of the Web-based Geneos application -- Nexus 2.0 -- automates many of the tasks associated with an independent financial advisor's business, including account opening, compliance, and reporting. A fully open architecture platform, Nexus 2.0 enables its users to manage data in multiple formats and applications and allows comprehensive paperless document imaging.
"What makes Nexus 2.0 unique is the innovation in its design and function," said Dean Rager, Senior Vice President for Geneos. "Our streamlined software development methodology provides for a very rich application that delivers more features and functionality than ever."
The Web-based system allows reps to access information virtually anywhere, and its paperless data environment provides efficiencies and flexibility in reporting, business approval, and compliance processing. Nexus 2.0 also incorporates direct input from reps -- key reporting has been in conjunction with advisors -- to create a suite of services that are adaptable to broker needs. "Nexus 2.0 is a rep's fully customized office -- available anywhere," said Rager.
By bringing together technologies such as Rich Internet Application (RIA) programming techniques and XML interfaces, Nexus 2.0 is a full-fledged technology platform designed to be nimble and agile in a fast-changing compliance environment. Nexus, which has won several industry awards, including the "Run Smarter Award" from Laserfiche, is able to meet rigorous auditing and regulatory mandates with a transparent solution for tracking and managing data.
In addition, Nexus 2.0 incorporates straight-through processing, which virtually eliminates faxing and cuts printing and mailing costs and audit preparation time. Nexus 2.0 also provides all client data to its clearing firm partners, Pershing and National Financial, in a single easy-to-use interface.
"The robustness of Nexus 2.0 can only be made possible by developers with years of experience in the Independent Broker/Dealer industry," said Geneos President and CEO Russ Diachok. "In line with the definition of its own name, Nexus 2.0 can be the core or center of an independent advisor's technology strategy."
While more than 70 different reports available in the full version of Nexus 2.0, Geneos allows its representatives the ability to pick and choose the components that best suit their independent practice. "There's no comparing Nexus 2.0's data power over any other competing system," said Rager, "but the system can exist in many different forms. There is no paying for things you don't need with Nexus 2.0."
Wednesday, 8 October 2008
Tuesday, 7 October 2008
ELX Appoints CEO
ELX Electronic Liquidity Exchange, has appointd Neal L. Wolkoff as Chief Executive Officer. Mr. Wolkoff has more than 20 years of experience as an exchange executive, most recently as Chairman and Chief Executive Officer of the American Stock Exchange and previously as Chief Operating Officer and Executive Vice President of the New York Mercantile Exchange.
"Neal's record of effective leadership, deep knowledge of the futures industry and commitment to market integrity make him an excellent choice for ELX," said Tom Rubio, Chairman of the ELX Supervisory Board and Managing Partner of Breakwater, a leading Chicago-based trading firm.
"As CEO, Neal will play a major role in establishing ELX as a vigorous, competitive exchange, focused on delivering superior cost-efficiency, innovation and service to all futures market participants," added Catherine Bartzos, a Managing Director of J.P. Morgan and member of the Supervisory Board's Operating Committee.
Mr. Wolkoff said: "ELX will offer an open and competitive exchange focused on the needs of all market participants and their customers. In a new environment in which most market participants directly access exchanges through advanced trading technology, ELX has unprecedented opportunities to build liquidity by offering a structure tailored to the requirements of high- volume electronic trading. Initially, ELX will focus on the significant opportunity to bring lower transaction costs, successful innovation, and greater speed and efficiency to the global market in U.S. Treasury futures contracts. I look forward to talking with market participants in the months ahead about how ELX can best meet their needs and the needs of their customers."
"Neal's record of effective leadership, deep knowledge of the futures industry and commitment to market integrity make him an excellent choice for ELX," said Tom Rubio, Chairman of the ELX Supervisory Board and Managing Partner of Breakwater, a leading Chicago-based trading firm.
"As CEO, Neal will play a major role in establishing ELX as a vigorous, competitive exchange, focused on delivering superior cost-efficiency, innovation and service to all futures market participants," added Catherine Bartzos, a Managing Director of J.P. Morgan and member of the Supervisory Board's Operating Committee.
Mr. Wolkoff said: "ELX will offer an open and competitive exchange focused on the needs of all market participants and their customers. In a new environment in which most market participants directly access exchanges through advanced trading technology, ELX has unprecedented opportunities to build liquidity by offering a structure tailored to the requirements of high- volume electronic trading. Initially, ELX will focus on the significant opportunity to bring lower transaction costs, successful innovation, and greater speed and efficiency to the global market in U.S. Treasury futures contracts. I look forward to talking with market participants in the months ahead about how ELX can best meet their needs and the needs of their customers."
Thursday, 25 September 2008
Numis Securities Live on Chi-X and Turquoise
GL TRADE, a provider of multi-asset and multi-market solutions for financial institutions, today announced that NUMIS Securities is now live on the Chi-X and Turquoise markets using the GL RIMS middle and back office solution for all the post trade processing. NUMIS Securities is a leading independent investment banking and broking group focusing on high quality London-quoted mid and small cap companies.NUMIS has now been using GL RIMS for over two years, to manage their clearing
Cinnober Selected by Burgundy
Cinnober today announced that it has been selected as technology provider for Burgundy, the new trading facility for listed Nordic securities, targeted for launch in the first half of 2009.Burgundy is backed by a large group of leading Nordic banks and securities brokers. The goal is to offer more cost-effective securities trading to members and investors, and to strengthen the Nordic region as a financial hub.
Wednesday, 24 September 2008
BIDS Trading and Charles River Development Connectivity
BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Charles River Development, an award-winning provider of technology systems and services for the global investment management community, today announced that connectivity has been established between their electronic trading platforms.
Through this partnership, current users of the Charles River Investment Management System (Charles River IMS) can now easily and anonymously route orders to BIDS Trading’s block trading platform; executing blocks of U.S. equities with little to no market impact. The partnership reaffirms both companies’ commitment to offer open and comprehensive electronic trading solutions, focused on helping traders reduce costs and risk, as well as increase operational efficiency in a secure environment.
“This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution,” said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. “Charles River IMS offers clients a central conduit to all liquidity pools across all asset classes. Our clients can connect with a host of international destinations – and their choices now include the BIDS ATS.”
“This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of U.S. equities,” said Tim Mahoney. “Connecting Charles River IMS’s global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible.”
The BIDS ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service is not exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.
Through this partnership, current users of the Charles River Investment Management System (Charles River IMS) can now easily and anonymously route orders to BIDS Trading’s block trading platform; executing blocks of U.S. equities with little to no market impact. The partnership reaffirms both companies’ commitment to offer open and comprehensive electronic trading solutions, focused on helping traders reduce costs and risk, as well as increase operational efficiency in a secure environment.
“This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution,” said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. “Charles River IMS offers clients a central conduit to all liquidity pools across all asset classes. Our clients can connect with a host of international destinations – and their choices now include the BIDS ATS.”
“This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of U.S. equities,” said Tim Mahoney. “Connecting Charles River IMS’s global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible.”
The BIDS ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service is not exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.
Tuesday, 23 September 2008
Avadhi CEO Appointed
The former Chief Information Officer of The Clearing Corporation (previously The Board of Trade Clearing Corporation) in Chicago, Brett F. Paulson, has joined Avadhi Finance and Technology, Inc., a vendor of multi-asset trading platforms.
Avadhi founder, Paresh Malde, announced Monday, September 22, 2008, that Paulson was appointed CEO and a member of the Board of Directors. Malde remains company President, Board Chairman and will assume the role of Chief Operating Officer.
Paulson, a 30-year veteran in financial and technology service industries, led The Clearing Corporation to a historic restructuring of the capital and shareholder base. As President and Chief Operating Officer, Paulson helped orchestrate the convening of some of the world's largest members of the investment banking community in order to create innovative solutions aimed at the OTC clearing space as well as the exchange-traded derivatives marketplaces. Previously, Paulson held senior management roles at CS First Boston, IBM, Bank of America, Harris Bank and International Harvester. He holds an M.B.A. in Finance from DePaul University.
"Brett's industry leadership brings to Avadhi a significant moment in our rapid growth and expansion," said Malde of the privately held company, based in Okemos, Michigan. "His involvement and vision for the company is going to solidify Avadhi's position in the industry as a leading provider of trading solutions."
Avadhi founder, Paresh Malde, announced Monday, September 22, 2008, that Paulson was appointed CEO and a member of the Board of Directors. Malde remains company President, Board Chairman and will assume the role of Chief Operating Officer.
Paulson, a 30-year veteran in financial and technology service industries, led The Clearing Corporation to a historic restructuring of the capital and shareholder base. As President and Chief Operating Officer, Paulson helped orchestrate the convening of some of the world's largest members of the investment banking community in order to create innovative solutions aimed at the OTC clearing space as well as the exchange-traded derivatives marketplaces. Previously, Paulson held senior management roles at CS First Boston, IBM, Bank of America, Harris Bank and International Harvester. He holds an M.B.A. in Finance from DePaul University.
"Brett's industry leadership brings to Avadhi a significant moment in our rapid growth and expansion," said Malde of the privately held company, based in Okemos, Michigan. "His involvement and vision for the company is going to solidify Avadhi's position in the industry as a leading provider of trading solutions."
Monday, 22 September 2008
Turquoise Launched Formally
Turquoise, the pan-European equity trading platform backed by nine of Europe's leading investment banks, was officially launched at an 'Opening Bell' ceremony by Peter Gibbs, Chairman and Eli Lederman, Chief Executive in the Turquoise offices at 8am this morning.
The ringing of the Turquoise Bell, cast nearby at the Whitechapel Bell Foundry - Britain's oldest continuously operated manufacturing company - heralds Turquoise's formal opening. The bell symbolises the traditional values of reliability and integrity that have characterised successful exchanges through history, and informs the market that while Turquoise operates the most sophisticated modern technology it recognises its role at the centre of capital markets.
Over the last five weeks, Turquoise has added stocks and countries in a planned, deliberate process to ensure its orderly adoption by members and its integration with other components of market infrastructure. The formal opening today represents the end of this rollout, and the start of a new phase in the development of the Turquoise market. Turquoise's unique market model offers valuable liquidity to traders of small orders at high frequency and dark orders in institutional size.
The ringing of the Turquoise Bell, cast nearby at the Whitechapel Bell Foundry - Britain's oldest continuously operated manufacturing company - heralds Turquoise's formal opening. The bell symbolises the traditional values of reliability and integrity that have characterised successful exchanges through history, and informs the market that while Turquoise operates the most sophisticated modern technology it recognises its role at the centre of capital markets.
Over the last five weeks, Turquoise has added stocks and countries in a planned, deliberate process to ensure its orderly adoption by members and its integration with other components of market infrastructure. The formal opening today represents the end of this rollout, and the start of a new phase in the development of the Turquoise market. Turquoise's unique market model offers valuable liquidity to traders of small orders at high frequency and dark orders in institutional size.
Trading Technology Shorts
Xasax Joins Exegy Ticker Plant
Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer. Xasax Joins Exegy Ticker Plant- -Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer.
Rimes Adds the Yield Book
RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives. Rimes Adds the Yield Book- -RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives.
Cognotec and MNI Forex for RealStream Margin
Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform. Cognotec and MNI Forex for RealStream Margin- -Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform.
Paulson Bad Bank Goes to Congress
The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets. Paulson Bad Bank Goes to Congress- -The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets.
Morgan Stanley and Goldman Sachs Convert to Retail Banks
The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve. Morgan Stanley and Goldman Sachs Convert to Retail Banks- -The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve.
NYSE Euronext Advanced Trading Equities in a Box
NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity. NYSE Euronext Advanced Trading Equities in a Box- -NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity.
Shinhan Bank Selects Everlink
Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services. Shinhan Bank Selects Everlink- -Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services.
OTP Bank 1st USD/RUB Deal
OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks. OTP Bank 1st USD/RUB Deal- -OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks.
Dow Jones Alliance with EFE
Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain. Dow Jones Alliance with EFE- -Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain.
Impulse Software and Syndicate Asset Management
Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres. Impulse Software and Syndicate Asset Management- -Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres.
Orc Software Selected by Liquidez
Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. Orc Software Selected by Liquidez- -Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange.
TietoEnator Impelemted by Nordic Banks
TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure. TietoEnator Impelemted by Nordic Banks- -TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure.
TietoEnator and SEB Enskilda
SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution. TietoEnator and SEB Enskilda- -SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution.
Mark Mobius Claims Recession Fears Exaggerated.
Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009. Mark Mobius Claims Recession Fears Exaggerated.- -Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009.
LME SMART Connectivity by Brady
Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing. LME SMART Connectivity by Brady- -Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing.
Optial Compliance Management
Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures Optial Compliance Management- -Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures
Temenos Appointments
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio. Temenos Appointments- -Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.
Fidessa Next Phase of European Multi-Asset Strategy
Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe. Fidessa Next Phase of European Multi-Asset Strategy- -Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe.
DBFS Acquires Tradermade International
DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS. DBFS Acquires Tradermade International- -DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS.
Standard and Poor's Risk Solutions
Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs. Standard and Poor's Risk Solutions- -Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs.
Celoxica PCI Express
Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series. Celoxica PCI Express- -Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series.
Trintech AssureNET GL Selected by Chrysler Financial
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching. Trintech AssureNET GL Selected by Chrysler Financial- -Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching.
First STAC-M1 Benchmark
The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council). First STAC-M1 Benchmark- -The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council).
Advent Software Record Attendance
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary. Advent Software Record Attendance- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary.
SoftModule Grid Computing for Tervela
Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms. SoftModule Grid Computing for Tervela- -Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms.
Advent Portfolio Exchange
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution. Advent Portfolio Exchange- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution.
Linedata Services Award
Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division. Linedata Services Award- -Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division.
DST Opens Jakarta Office
ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here. DST Opens Jakarta Office- -ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here.
IDOM Alliance with Acclaim Resources
IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker. IDOM Alliance with Acclaim Resources- -IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker.
Manam Infotech Bahrain Subsidiary
Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations Manam Infotech Bahrain Subsidiary- -Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations
Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer. Xasax Joins Exegy Ticker Plant- -Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer.
Rimes Adds the Yield Book
RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives. Rimes Adds the Yield Book- -RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives.
Cognotec and MNI Forex for RealStream Margin
Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform. Cognotec and MNI Forex for RealStream Margin- -Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform.
Paulson Bad Bank Goes to Congress
The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets. Paulson Bad Bank Goes to Congress- -The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets.
Morgan Stanley and Goldman Sachs Convert to Retail Banks
The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve. Morgan Stanley and Goldman Sachs Convert to Retail Banks- -The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve.
NYSE Euronext Advanced Trading Equities in a Box
NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity. NYSE Euronext Advanced Trading Equities in a Box- -NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity.
Shinhan Bank Selects Everlink
Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services. Shinhan Bank Selects Everlink- -Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services.
OTP Bank 1st USD/RUB Deal
OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks. OTP Bank 1st USD/RUB Deal- -OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks.
Dow Jones Alliance with EFE
Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain. Dow Jones Alliance with EFE- -Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain.
Impulse Software and Syndicate Asset Management
Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres. Impulse Software and Syndicate Asset Management- -Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres.
Orc Software Selected by Liquidez
Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. Orc Software Selected by Liquidez- -Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange.
TietoEnator Impelemted by Nordic Banks
TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure. TietoEnator Impelemted by Nordic Banks- -TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure.
TietoEnator and SEB Enskilda
SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution. TietoEnator and SEB Enskilda- -SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution.
Mark Mobius Claims Recession Fears Exaggerated.
Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009. Mark Mobius Claims Recession Fears Exaggerated.- -Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009.
LME SMART Connectivity by Brady
Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing. LME SMART Connectivity by Brady- -Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing.
Optial Compliance Management
Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures Optial Compliance Management- -Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures
Temenos Appointments
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio. Temenos Appointments- -Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.
Fidessa Next Phase of European Multi-Asset Strategy
Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe. Fidessa Next Phase of European Multi-Asset Strategy- -Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe.
DBFS Acquires Tradermade International
DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS. DBFS Acquires Tradermade International- -DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS.
Standard and Poor's Risk Solutions
Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs. Standard and Poor's Risk Solutions- -Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs.
Celoxica PCI Express
Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series. Celoxica PCI Express- -Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series.
Trintech AssureNET GL Selected by Chrysler Financial
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching. Trintech AssureNET GL Selected by Chrysler Financial- -Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching.
First STAC-M1 Benchmark
The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council). First STAC-M1 Benchmark- -The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council).
Advent Software Record Attendance
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary. Advent Software Record Attendance- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary.
SoftModule Grid Computing for Tervela
Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms. SoftModule Grid Computing for Tervela- -Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms.
Advent Portfolio Exchange
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution. Advent Portfolio Exchange- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution.
Linedata Services Award
Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division. Linedata Services Award- -Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division.
DST Opens Jakarta Office
ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here. DST Opens Jakarta Office- -ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here.
IDOM Alliance with Acclaim Resources
IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker. IDOM Alliance with Acclaim Resources- -IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker.
Manam Infotech Bahrain Subsidiary
Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations Manam Infotech Bahrain Subsidiary- -Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations
Fifth Third Bank Trading Platform
With the shift in domestic economic conditions, U.S.-based companies are steadily moving toward the international marketplace as a viable and necessary element of their business model. Fifth Third Bank (NASDAQ:FITB) has long recognized the importance of the global environment and recently introduced a 24-hour Internet trading platform, providing clients with real-time access to the Foreign Exchange (FX) markets.
"To successfully navigate and compete in the International arena, companies must be equipped to manage foreign exchange and the associated business risks," said Bob Tull, Fifth Third Bank's Managing Director of Foreign Exchange and Commodities. "The global marketplace never closes, nor should immediate access to it."
The addition of the online platform gives users a software-free channel to receive industry data, monitor market conditions and trade in more than 100 currencies. Additionally, the secure online service provides automated confirmations and customized settlement instructions of trades.
The Internet solution is a complement to the Bank's extensive network of 10 FX trading desks throughout the Eastern and Midwest United States (Cincinnati, Columbus, Cleveland, Toledo, Minneapolis, Detroit, Chicago, St. Louis, Tampa, New York City).
"To successfully navigate and compete in the International arena, companies must be equipped to manage foreign exchange and the associated business risks," said Bob Tull, Fifth Third Bank's Managing Director of Foreign Exchange and Commodities. "The global marketplace never closes, nor should immediate access to it."
The addition of the online platform gives users a software-free channel to receive industry data, monitor market conditions and trade in more than 100 currencies. Additionally, the secure online service provides automated confirmations and customized settlement instructions of trades.
The Internet solution is a complement to the Bank's extensive network of 10 FX trading desks throughout the Eastern and Midwest United States (Cincinnati, Columbus, Cleveland, Toledo, Minneapolis, Detroit, Chicago, St. Louis, Tampa, New York City).
Wednesday, 17 September 2008
Gain Capital Announces Algorithmic and FX Tools
GAIN Capital Group, today announced two new technology integrations designed to provide enhanced support for algorithmic trading and streamlined FX prime brokerage services for institutional customers. GAIN is now a liquidity provider to FlexTrade Systems' FlexFX platform, which provides robust algorithmic trading capabilities, and has also connected to Traiana's Harmony prime brokerage network. These new integrations, aimed at institutional clients such as hedge funds and investment managers, will build upon the existing technology relationship established between FlexTrade and Traiana in 2006.
"The integration of GAIN's trading platform with FlexTrade's FlexFX and Traiana's Harmony Network demonstrates our commitment to serving the needs of the institutional FX market," said Tom Levine, vice president of institutional sales for GAIN Capital. "Linking GAIN's trading platform directly into these innovative, best-of-breed FX tools directly addresses the growing appetite for FlexTrade's algorithmic trading and leverages the wide market acceptance of Traiana's Harmony Network for automating post-trade services," added Mr. Levine.
FlexTrade, the leader in broker-neutral algorithmic execution management systems, now offers direct access to GAIN's streaming price feed through FlexFX, providing users with a new liquidity source for their FX transactions. Clients using FlexTrade's algorithmic trading systems enjoy a complete STP connection to the Traiana Harmony prime brokerage network.
Traiana's Harmony Network is used by over 50 of the world's leading financial market participants and has become the market standard for post-trade processing of foreign exchange transactions. By connecting to the Traiana Harmony network, GAIN'S institutional clients and prime brokerage trading partners benefit from automated FX trade processing, including accurate, automated give-up notification and confirmation and seamless, straight through clearing and settlement.
"The integration of GAIN's trading platform with FlexTrade's FlexFX and Traiana's Harmony Network demonstrates our commitment to serving the needs of the institutional FX market," said Tom Levine, vice president of institutional sales for GAIN Capital. "Linking GAIN's trading platform directly into these innovative, best-of-breed FX tools directly addresses the growing appetite for FlexTrade's algorithmic trading and leverages the wide market acceptance of Traiana's Harmony Network for automating post-trade services," added Mr. Levine.
FlexTrade, the leader in broker-neutral algorithmic execution management systems, now offers direct access to GAIN's streaming price feed through FlexFX, providing users with a new liquidity source for their FX transactions. Clients using FlexTrade's algorithmic trading systems enjoy a complete STP connection to the Traiana Harmony prime brokerage network.
Traiana's Harmony Network is used by over 50 of the world's leading financial market participants and has become the market standard for post-trade processing of foreign exchange transactions. By connecting to the Traiana Harmony network, GAIN'S institutional clients and prime brokerage trading partners benefit from automated FX trade processing, including accurate, automated give-up notification and confirmation and seamless, straight through clearing and settlement.
Tuesday, 16 September 2008
GFI BasisMatch Currency Trading Platform
GFI Group Inc. ('GFIG' on NASDAQ) has launched BasisMatch(TM) - the first electronic trading platform for cross-currency basis swaps for the inter-dealer market. This extends GFI's hybrid broking model combining electronic and broker-assisted trading.
BasisMatch covers the G10 currencies against three-month US Dollar LIBOR, with plans to extend to similar instruments such as inter basis swaps.
"GFI continues to invest heavily in service-enhancing technology and BasisMatch is the latest example of this," said Paul Millward, GFI's BasisMatch(TM) and ForexMatch(R) product manager. "Cross-currency basis swaps are ready for hybrid broking, bringing electronic trading and automation of post-trade processes. GFI believes that BasisMatch will be widely adopted - just as CreditMatch and ForexMatch have been."
"The market requires efficient price dissemination and execution, transparency and integrity - and BasisMatch delivers," said Robert Bou-Simon, GFI's head of European interest rate derivatives. "BasisMatch is the result of extensive collaboration with our clients and GFI will continue to work with them to develop the platform further."
BasisMatch has been developed by Trayport, a wholly-owned subsidiary of GFI Group, Inc.
BasisMatch covers the G10 currencies against three-month US Dollar LIBOR, with plans to extend to similar instruments such as inter basis swaps.
"GFI continues to invest heavily in service-enhancing technology and BasisMatch is the latest example of this," said Paul Millward, GFI's BasisMatch(TM) and ForexMatch(R) product manager. "Cross-currency basis swaps are ready for hybrid broking, bringing electronic trading and automation of post-trade processes. GFI believes that BasisMatch will be widely adopted - just as CreditMatch and ForexMatch have been."
"The market requires efficient price dissemination and execution, transparency and integrity - and BasisMatch delivers," said Robert Bou-Simon, GFI's head of European interest rate derivatives. "BasisMatch is the result of extensive collaboration with our clients and GFI will continue to work with them to develop the platform further."
BasisMatch has been developed by Trayport, a wholly-owned subsidiary of GFI Group, Inc.
Saturday, 13 September 2008
EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
Thursday, 11 September 2008
GL Trade Launches Web Deriviatives Trading TOOL
GL TRADE, has launched GL Tr@der, a web-based derivatives trading workstation.
GL Tr@der is intended for trading desks at brokerage houses and their clients. Because the workstation is a 'thin client' and requires no software installation at the user’s PC, IT implementation and support costs can be kept very low, especially for distributed populations such as the clients of an international broker. GL TRADE can host web servers and gateways to further simplify management of the technology.
GL Tr@der is based on the architecture and features of the existing thin-client option of OBMS (GL TRADE’s specialist order management system for derivatives trading). The new product is thus built on a proven technology base, with several years of field experience and over 1,500 installed stations. It runs in a web browser, using Java applets downloaded at login.
The main client benefits of this product consist in providing a full-function professional workstation that is also very easy to set up and use, and which enables access to over 50 global derivatives markets via GL TRADE’s unrivalled range of exchange gateways.
With this new product, GL TRADE aims in particular to facilitate for brokers the roll-out of trading solutions to their clients. A broker can get new clients trading with him within minutes at a GL Tr@der screen. This should help to expand further the use of electronic client-to-broker trading: the benefits of this mode of working relative to telephone trading are clear, in terms of speed, efficiency and avoidance of errors in transcription.
Michael Hughes, Front Office Derivatives Product Manager at GL TRADE, said: “This solution delivers real cost-effectiveness for large-scale deployments: it is easy to distribute, operate and support. The workstation will be especially valuable for current GL TRADE clients, as it can use the same gateways to exchanges and other central infrastructure that they have installed already.”
GL Tr@der is intended for trading desks at brokerage houses and their clients. Because the workstation is a 'thin client' and requires no software installation at the user’s PC, IT implementation and support costs can be kept very low, especially for distributed populations such as the clients of an international broker. GL TRADE can host web servers and gateways to further simplify management of the technology.
GL Tr@der is based on the architecture and features of the existing thin-client option of OBMS (GL TRADE’s specialist order management system for derivatives trading). The new product is thus built on a proven technology base, with several years of field experience and over 1,500 installed stations. It runs in a web browser, using Java applets downloaded at login.
The main client benefits of this product consist in providing a full-function professional workstation that is also very easy to set up and use, and which enables access to over 50 global derivatives markets via GL TRADE’s unrivalled range of exchange gateways.
With this new product, GL TRADE aims in particular to facilitate for brokers the roll-out of trading solutions to their clients. A broker can get new clients trading with him within minutes at a GL Tr@der screen. This should help to expand further the use of electronic client-to-broker trading: the benefits of this mode of working relative to telephone trading are clear, in terms of speed, efficiency and avoidance of errors in transcription.
Michael Hughes, Front Office Derivatives Product Manager at GL TRADE, said: “This solution delivers real cost-effectiveness for large-scale deployments: it is easy to distribute, operate and support. The workstation will be especially valuable for current GL TRADE clients, as it can use the same gateways to exchanges and other central infrastructure that they have installed already.”
Interactive Data Corporation in Turquoise Connectivity
Interactive Data Corporation (NYSE: IDC), a provider of financial market data, analytics and related services, today announced that its Real-Time Services business has made data from the Turquoise multilateral trading facility (MTF) available via PlusFeedSM. PlusFeed is Interactive Data’s consolidated high-quality, low latency digital datafeed that powers algorithmic and electronic trading applications.
Data from the Turquoise MTF, whose members include the largest banks and brokers active in European trading, as well as specialist trading firms and institutions, has been in production on PlusFeed since 15 August 2008 and is available to Interactive Data’s PlusFeed clients from the commencement of live trading. Since 29 August the Turquoise platform has stepped up its production capabilities and now trades in over 1,250 stocks across 13 European markets ahead of its public launch later in September.
Yann L’Huillier, chief technology officer of Turquoise, said: "We are pleased that low‐latency data provider Interactive Data is making Turquoise data available to its clients, as we see it as essential that financial institutions are able to access the data we produce as quickly as possible.”
David Hann, general manager, EMEA, Interactive Data Real-Time Services, commented: "Adding Turquoise data to PlusFeed is an important step forward for us.
Since the Markets in Financial Instruments Directive (MiFID) was implemented on 1 November 2007, Interactive Data has seen significant increases in the volume of trades and in the number of instruments on the new data sources available via PlusFeed. And the numbers indicate that this growth is continuing.”
Interactive Data’s Managed Solutions business will also carry Turquoise data on Market Data Gateway as part of a new ECN package. Market Data Gateway is a fast and flexible open platform enabling the aggregation and normalisation of financial market data from various sources. Interactive Data’s PrimePortal and PrimeDeveloper clients will have the option of subscribing to the new ECN package, while PrimeTerminal clients will receive the data as part of their contributor data package.
Interactive Data offers a number of new OTC data services via PlusFeed as part of its MiFID product roadmap. These include full coverage of BOAT data, OTC services from the London Stock Exchange, Euronext, Wiener Börse, Deutsche Börse, PLUS Markets Levels 1 and 2 data, and Chi-X Levels 1 and 2 data.
Data from the Turquoise MTF, whose members include the largest banks and brokers active in European trading, as well as specialist trading firms and institutions, has been in production on PlusFeed since 15 August 2008 and is available to Interactive Data’s PlusFeed clients from the commencement of live trading. Since 29 August the Turquoise platform has stepped up its production capabilities and now trades in over 1,250 stocks across 13 European markets ahead of its public launch later in September.
Yann L’Huillier, chief technology officer of Turquoise, said: "We are pleased that low‐latency data provider Interactive Data is making Turquoise data available to its clients, as we see it as essential that financial institutions are able to access the data we produce as quickly as possible.”
David Hann, general manager, EMEA, Interactive Data Real-Time Services, commented: "Adding Turquoise data to PlusFeed is an important step forward for us.
Since the Markets in Financial Instruments Directive (MiFID) was implemented on 1 November 2007, Interactive Data has seen significant increases in the volume of trades and in the number of instruments on the new data sources available via PlusFeed. And the numbers indicate that this growth is continuing.”
Interactive Data’s Managed Solutions business will also carry Turquoise data on Market Data Gateway as part of a new ECN package. Market Data Gateway is a fast and flexible open platform enabling the aggregation and normalisation of financial market data from various sources. Interactive Data’s PrimePortal and PrimeDeveloper clients will have the option of subscribing to the new ECN package, while PrimeTerminal clients will receive the data as part of their contributor data package.
Interactive Data offers a number of new OTC data services via PlusFeed as part of its MiFID product roadmap. These include full coverage of BOAT data, OTC services from the London Stock Exchange, Euronext, Wiener Börse, Deutsche Börse, PLUS Markets Levels 1 and 2 data, and Chi-X Levels 1 and 2 data.
Wizetrade Releases CommandTRADE
The Wizetrade Group has released CommandTRADE(R) FX, a trend recognition software program designed to help individual investors leverage the enormous power of automation when it comes to trading foreign currencies in the (spot) FOREX market. This groundbreaking software is truly unique in that it can automatically scan, find, and execute ideal currency trades -- based on traders' specific entry and exit points -- through an integrated broker, all while traders are away from their computers and living their lives.
Traders can take advantage of the extended hours of the (spot) FOREX market now that CommandTRADE FX can scout the market and execute trades, in conjunction with an integrated broker, even while the trader is fast asleep. Additionally, the automation of the software further enables individual traders to take their emotions out of their trading endeavors, one of the greatest challenges many traders face.
"CommandTRADE FX promises to revolutionize the way individuals trade currencies and further empowers individual investors," said John Dankovchik, president of The Wizetrade Group. "CommandTRADE FX permits traders to run strategies in a 24/7 environment, while taking advantage of optimal entry and exit points that normally could have been missed when trading manually. CommandTRADE FX truly offers that distinct trading advantage that traders dream about."
Wizetrade offers completely free online demos to all prospective traders who call the company at 888.348.0023. "These demos are an excellent way for individuals to introduce themselves to this great technology platform," Dankovchik said. "Additionally, individuals can get answers to any questions they may have about creating their own home- or office-based currency trading command center."
CommandTRADE FX is the latest software released by Wizetrade, the investor software and education company that instills confidence through innovative training and tools, thus enabling people to be actively involved in their financial future and successful on their own terms.
Traders can take advantage of the extended hours of the (spot) FOREX market now that CommandTRADE FX can scout the market and execute trades, in conjunction with an integrated broker, even while the trader is fast asleep. Additionally, the automation of the software further enables individual traders to take their emotions out of their trading endeavors, one of the greatest challenges many traders face.
"CommandTRADE FX promises to revolutionize the way individuals trade currencies and further empowers individual investors," said John Dankovchik, president of The Wizetrade Group. "CommandTRADE FX permits traders to run strategies in a 24/7 environment, while taking advantage of optimal entry and exit points that normally could have been missed when trading manually. CommandTRADE FX truly offers that distinct trading advantage that traders dream about."
Wizetrade offers completely free online demos to all prospective traders who call the company at 888.348.0023. "These demos are an excellent way for individuals to introduce themselves to this great technology platform," Dankovchik said. "Additionally, individuals can get answers to any questions they may have about creating their own home- or office-based currency trading command center."
CommandTRADE FX is the latest software released by Wizetrade, the investor software and education company that instills confidence through innovative training and tools, thus enabling people to be actively involved in their financial future and successful on their own terms.
Wednesday, 10 September 2008
Calypso Technology Launches SaaS
Calypso Technology Inc, a software provider of an integrated trading application suite to the capital markets industry, today announced the launch of its SaaS (Software as a Service) offering. Calypso SaaS provides a powerful enterprise trading and risk management application for treasury and capital markets in a managed, outsourced environment. The solution will address the needs of the increasing number of financial institutions which are focusing solely on their core business by outsourcing the management of applications and infrastructure, as well as support of their technology platforms.
For trading businesses, Calypso SaaS offers the power and sophistication of the Calypso Trading and Risk Management Platform in an environment which dramatically improves time-to-market while reducing IT and infrastructure costs. It Calypso SaaS is especially beneficial for customers seeking to achieve rapid expansion into new geographies or business areas with minimal capital outlay. Built and managed by a dedicated team of product and technical specialists, Calypso SaaS allows the deployment of the full range of modules that comprise Calypso's front-to-back, fully integrated cross-asset trading software application suite. In addition, the SaaS solution is designed for ease of deployment and maintenance, available with built-in interfaces to market standard feeds and post-trade processing services. The hosted solution also benefits users with managed upgrades, ensuring that clients always have the latest product innovations at their fingertips.
Charles Marston, Chairman and CEO of Calypso Technology, Inc, says: "While many of our clients prefer to run their technology in-house, an increasing number of prospects and clients have expressed interest in an outsourced approach. We have addressed this challenge by developing Calypso SaaS, which essentially provides firms with all the benefits of an enterprise system - a comprehensive suite of cutting-edge trading applications - without any of the traditional infrastructure investment costs and lead times. The initial response from clients has been extremely positive, with the first users already coming onboard."
Highlights of Calypso SaaS include:
- On-demand service: Calypso SaaS customers can choose the type of service they want.
- Fast time-to-market: Calypso SaaS leverages Calypso Fast-Track for implementation and leverages the knowledge and lessons learned from over 90 clients.
- Real-time position management: Customers benefit from user-defined views of real-time positions and P&L.
- Consolidated risk management: Customers receive real-time and consolidated views on their risk exposures across asset classes.
- Secure and robust platform - Calypso SaaS provides an industrial-strength secure data center.
"Calypso is dedicating extensive resources to the SaaS offering and we are excited to be meeting diverse market requirements with an alternative delivery model of our robust and sophisticated, front-to-back, cross-asset solution," continued Mr. Marston. "Already, Calypso SaaS is generating a great deal of interest from new business initiatives looking to capitalize on dislocations within the current credit environment where time-to-market is critical."
The Calypso Trading and Risk Management platform is used by a wide range of financial institutions including global banks, regional banks, asset managers, insurance companies and hedge funds.
For trading businesses, Calypso SaaS offers the power and sophistication of the Calypso Trading and Risk Management Platform in an environment which dramatically improves time-to-market while reducing IT and infrastructure costs. It Calypso SaaS is especially beneficial for customers seeking to achieve rapid expansion into new geographies or business areas with minimal capital outlay. Built and managed by a dedicated team of product and technical specialists, Calypso SaaS allows the deployment of the full range of modules that comprise Calypso's front-to-back, fully integrated cross-asset trading software application suite. In addition, the SaaS solution is designed for ease of deployment and maintenance, available with built-in interfaces to market standard feeds and post-trade processing services. The hosted solution also benefits users with managed upgrades, ensuring that clients always have the latest product innovations at their fingertips.
Charles Marston, Chairman and CEO of Calypso Technology, Inc, says: "While many of our clients prefer to run their technology in-house, an increasing number of prospects and clients have expressed interest in an outsourced approach. We have addressed this challenge by developing Calypso SaaS, which essentially provides firms with all the benefits of an enterprise system - a comprehensive suite of cutting-edge trading applications - without any of the traditional infrastructure investment costs and lead times. The initial response from clients has been extremely positive, with the first users already coming onboard."
Highlights of Calypso SaaS include:
- On-demand service: Calypso SaaS customers can choose the type of service they want.
- Fast time-to-market: Calypso SaaS leverages Calypso Fast-Track for implementation and leverages the knowledge and lessons learned from over 90 clients.
- Real-time position management: Customers benefit from user-defined views of real-time positions and P&L.
- Consolidated risk management: Customers receive real-time and consolidated views on their risk exposures across asset classes.
- Secure and robust platform - Calypso SaaS provides an industrial-strength secure data center.
"Calypso is dedicating extensive resources to the SaaS offering and we are excited to be meeting diverse market requirements with an alternative delivery model of our robust and sophisticated, front-to-back, cross-asset solution," continued Mr. Marston. "Already, Calypso SaaS is generating a great deal of interest from new business initiatives looking to capitalize on dislocations within the current credit environment where time-to-market is critical."
The Calypso Trading and Risk Management platform is used by a wide range of financial institutions including global banks, regional banks, asset managers, insurance companies and hedge funds.
SunGard Ambit Apsys Selected by JFE Hottinger
JFE Hottinger & CO (JFE), a Swiss private asset management firm, has selected SunGard’s Ambit Apsys to provide it with a scalable platform that will accommodate volume increases in portfolio and transaction management and help the firm offer its high net worth clients a complete customer service solution.
SunGard’s Ambit Apsys is a core banking offering tailored specifically to the private banking sector. It allows wealth management professionals to view and manage investor’s diverse assets, as well as aggregate, allocate, optimize and monitor client portfolios. Using Ambit, JFE will also be able to gain a complete view of their clients across the front-, middle-, and back-office through extensive customer reporting functions.
Alain Zerzuben, managing director at JFE, commented, “We chose SunGard primarily because of its strong reputation in the private banking arena. We felt they would be well positioned to understand and support our ambitious growth plans. Against a rapid four-month implementation time-frame, we are confident that SunGard can deliver what we need.”
Daniel Bardini, group vice-president for private banking solutions at SunGard, said, “We are pleased that JFE has selected our Ambit Apsys solution. Through broad experience and a strong implementation record, we know that Ambit Apsys is well-equipped to meet the needs of private banks both large and small in helping to improve efficiency, facilitate business and enhance customer relations.
SunGard’s Ambit Apsys is a core banking offering tailored specifically to the private banking sector. It allows wealth management professionals to view and manage investor’s diverse assets, as well as aggregate, allocate, optimize and monitor client portfolios. Using Ambit, JFE will also be able to gain a complete view of their clients across the front-, middle-, and back-office through extensive customer reporting functions.
Alain Zerzuben, managing director at JFE, commented, “We chose SunGard primarily because of its strong reputation in the private banking arena. We felt they would be well positioned to understand and support our ambitious growth plans. Against a rapid four-month implementation time-frame, we are confident that SunGard can deliver what we need.”
Daniel Bardini, group vice-president for private banking solutions at SunGard, said, “We are pleased that JFE has selected our Ambit Apsys solution. Through broad experience and a strong implementation record, we know that Ambit Apsys is well-equipped to meet the needs of private banks both large and small in helping to improve efficiency, facilitate business and enhance customer relations.
Tuesday, 9 September 2008
MarketAxess Dealer Initiatives
MarketAxess Holdings Inc. (NASDAQ:MKTX), an electronic trading platform operator has announced two new dealer initiatives in response to institutional investor demand.
The Company has added 12 regional dealers to its market-making community, primarily to respond to investors' high-grade corporate bond inquiries in smaller trade sizes. MarketAxess has also added nine diversity dealers, who will now be able to compete for institutional investors' fixed-income order flow on the MarketAxess trading platform.
"In these difficult times for credit markets, investors are seeking alternative sources for market liquidity," said Kelley Millet, President of MarketAxess. "We are pleased to deliver the expanded dealer community to bring additional liquidity for odd-lots, one of the hardest hit areas for efficient and cost-effective trade execution. With this initiative, we believe we can increase market share in smaller trade sizes and improve the overall investor experience on the trading system."
The new dealers include independent broker-dealer firms, as well as dealer subsidiaries of regional banks. The MarketAxess dealer community now totals more than 50 dealers, up from 31 as of June 30, 2008, with more regional and diversity dealers expected to join.
The Company has added 12 regional dealers to its market-making community, primarily to respond to investors' high-grade corporate bond inquiries in smaller trade sizes. MarketAxess has also added nine diversity dealers, who will now be able to compete for institutional investors' fixed-income order flow on the MarketAxess trading platform.
"In these difficult times for credit markets, investors are seeking alternative sources for market liquidity," said Kelley Millet, President of MarketAxess. "We are pleased to deliver the expanded dealer community to bring additional liquidity for odd-lots, one of the hardest hit areas for efficient and cost-effective trade execution. With this initiative, we believe we can increase market share in smaller trade sizes and improve the overall investor experience on the trading system."
The new dealers include independent broker-dealer firms, as well as dealer subsidiaries of regional banks. The MarketAxess dealer community now totals more than 50 dealers, up from 31 as of June 30, 2008, with more regional and diversity dealers expected to join.
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