Showing posts with label alternative trading platform. Show all posts
Showing posts with label alternative trading platform. Show all posts
Wednesday, 8 October 2008
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.
Wednesday, 3 September 2008
GFI Group
GFI Group Inc. (http://www.gfigroup.com/) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Friday, 29 August 2008
Neonet in BATS Europe Access Offer
Neonet, is to offer access to the new alternative market, BATS Europe. Neonet already offers trading at BATS US and will offer access to BATS'
European Markets division for its buy- and sell-side clients upon the platform's target launch in November.
Trading in Europe is undergoing a period of rapid transformation, and BATS Europe represents a new generation of trading platforms. BATS was launched in the US in January 2006 as one of the fastest-growing, top-tier equity markets - it has more than a 10 percent matched share of the US market - and is now expanding into Europe. BATS recently received approval from the US Securities and Exchange Commission to become a national securities exchange, and will go live as an exchange in October.
Mark Hemsley chief executive of BATS' European Markets division, said "We are pleased to further our relationship with Neonet and look forward to the significant order flow this agreement is likely to bring. BATS Europe aims to follow a similar roadmap to its US counterpart and we are excited about the opportunity to Make Markets Better here."
"As the global capital markets continue to evolve, you can be confident in Neonet to offer trading at the most competitive and liquid marketplaces. Neonet blends the order books of traditional exchanges and alternative marketplaces into a river of liquidity to ensure that transactions are made at the best possible price across multiple markets. We are thrilled to extend our relations with BATS as they bring their offering to Europe," states Simon Nathanson, CEO and President of Neonet.
European Markets division for its buy- and sell-side clients upon the platform's target launch in November.
Trading in Europe is undergoing a period of rapid transformation, and BATS Europe represents a new generation of trading platforms. BATS was launched in the US in January 2006 as one of the fastest-growing, top-tier equity markets - it has more than a 10 percent matched share of the US market - and is now expanding into Europe. BATS recently received approval from the US Securities and Exchange Commission to become a national securities exchange, and will go live as an exchange in October.
Mark Hemsley chief executive of BATS' European Markets division, said "We are pleased to further our relationship with Neonet and look forward to the significant order flow this agreement is likely to bring. BATS Europe aims to follow a similar roadmap to its US counterpart and we are excited about the opportunity to Make Markets Better here."
"As the global capital markets continue to evolve, you can be confident in Neonet to offer trading at the most competitive and liquid marketplaces. Neonet blends the order books of traditional exchanges and alternative marketplaces into a river of liquidity to ensure that transactions are made at the best possible price across multiple markets. We are thrilled to extend our relations with BATS as they bring their offering to Europe," states Simon Nathanson, CEO and President of Neonet.
Wednesday, 27 August 2008
Turquoise Ready for Trading on August 29th
Turquoise, the alternative trading system backed by 9 investment banks has passed another milestone. All of the 13 markets available for trading have now concluded their settlement cycles and effective settlement has occurred in each country. The validation of trading, clearing and settlement processes will allow members to begin to further utilise the Turquoise MTF across their businesses. Market making will now begin to increase and smart order routers that are being trialled with small volumes will be further employed. Trading desks will be given full access and client order flow will start to be sent to Turquoise.
This confirmation of the operational process also triggers important activities at Turquoise. The rollout of stocks will continue as planned and the complete Turquoise universe will be available for trading on Friday 29 August. As we enter full production trading we will continue the process of connecting software and market data vendors, enabling new trading members and working with EuroCCP to bring on new clearers and ensure a wide member base can access Turquoise efficiently.
We expect this build up in use, the rollout of the full stock universe and the growing number of trading members to translate into a trend of gradually increasing volumes that will continue throughout September and into the fourth quarter.
This confirmation of the operational process also triggers important activities at Turquoise. The rollout of stocks will continue as planned and the complete Turquoise universe will be available for trading on Friday 29 August. As we enter full production trading we will continue the process of connecting software and market data vendors, enabling new trading members and working with EuroCCP to bring on new clearers and ensure a wide member base can access Turquoise efficiently.
We expect this build up in use, the rollout of the full stock universe and the growing number of trading members to translate into a trend of gradually increasing volumes that will continue throughout September and into the fourth quarter.
Sunday, 24 August 2008
Dark Liquidity Trading
An electronic crossing network created to provide institutional investors with optimised execution for their Asian block trades, minimising both transaction costs and market impact. As a dark pool of liquidity, BlocSec gives traders the ability to place orders with complete anonymity, allowing zero information leakage into the market.
Alternative trading platform in dark liquidity. Developed following MiFiD. Founder banks are : BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Société Générale.
Alternative trading platform in dark liquidity. Developed following MiFiD. Founder banks are : BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Société Générale.
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