Corporation Service Company® (CSC), has released the CSC DealRoom. The CSC DealRoom enables clients to receive documents from CSC electronically into a customizable deal workspace, so they can collaborate with outside counsel, and manage, organize and close deals more efficiently.
The introduction of CSC's DealRoom follows the company's successful implementation of comprehensive matter management and electronic billing systems that provide collaboration tools and automatic integration of electronic service of process delivery.
The CSC DealRoom, available exclusively from CSC, delivers electronic images of client documents directly into a virtual deal workspace helping clients to manage and organize every phase of a deal from marketing to due diligence to closing. It is a highly secure environment set-up to manage critical data, tasks, and deal documents, and enables collaboration with associated parties using role-based access. Each CSC DealRoom has fully customized workflows, checklists, task assignments with alerts, along with comprehensive reporting and audit tools. The result is a streamlined and collaborative platform designed to help mitigate risk and reduce cost for clients throughout the deal process.
"CSC DealRoom is a logical extension of the corporate and legal services we perform for our clients," said Bruce R. Winn, President and Chief Executive Officer of CSC. "This expansion further demonstrates the winning combination of innovative technology and superior service that are the hallmark of CSC, and reflects our strategy to invest in services that address our clients' most critical business requirements over the long term."
The new CSC DealRoom ascribes to the emerging technology approach referred to as software as a service (SaaS) which delivers solutions via a network, most often the Web, which shifts the burden of getting and keeping an enterprise application up and running from the client to the vendor. This approach translates to several advantages for clients: faster implementation, easier access to current technology, and lower costs due to little to no need for IT involvement, expense, or resources.
Showing posts with label trading software. Show all posts
Showing posts with label trading software. Show all posts
Tuesday, 3 February 2009
Tuesday, 7 October 2008
Tervela Launches Options Market Solution
Tervela, announced an integrated options market solution designed to exceed the unique and challenging demands of the options industry. The offering couples the Tervela Message Network(TM) with professional services and high-performance options processing capabilities to deliver the predictable low latency, ultra-high message throughput, resiliency and scale required in today's volatile, high-volume trading marketplace.
"As firms pursue cross-asset strategies and add options processing to their trading environments, the demands that legacy financial messaging systems are required to handle increase," said Kevin McPartland, senior analyst, TABB Group. "Market makers and other firms looking to leverage options must be able to seamlessly integrate messaging systems and critical applications like FIX engines, algorithms, market adapters and feed handlers to their current architectures to prevent against system failures or their competition will leap ahead of them - and stay there."
Tervela's options market solution is available as a five-phase program that seamlessly integrates with existing infrastructures to get firms up and running to reliably handle fluctuating market conditions. By integrating various components of the Tervela Message Network with Options Price Reporting Authority (OPRA) data, exchange feeds, last known value services, book services, FIX processing, archival and more, the program can be customized to meet immediate market data distribution, options market making, automated trading and co-location requirements while laying a scalable foundation for the future.
"In today's volatile marketplace, no one understands what peak is anymore. You just can't approach an options project with an equities mentality; it's far more extreme," said J. Barry Thompson, Co-Founder and CTO of Tervela. "Consider the Options Clearing Corporation who just last month set a new daily volume record of 26,647,538 contracts. Events like this further validate the need for a scalable messaging solution that can easily handle high-volume, latency-sensitive data distribution."
"As firms pursue cross-asset strategies and add options processing to their trading environments, the demands that legacy financial messaging systems are required to handle increase," said Kevin McPartland, senior analyst, TABB Group. "Market makers and other firms looking to leverage options must be able to seamlessly integrate messaging systems and critical applications like FIX engines, algorithms, market adapters and feed handlers to their current architectures to prevent against system failures or their competition will leap ahead of them - and stay there."
Tervela's options market solution is available as a five-phase program that seamlessly integrates with existing infrastructures to get firms up and running to reliably handle fluctuating market conditions. By integrating various components of the Tervela Message Network with Options Price Reporting Authority (OPRA) data, exchange feeds, last known value services, book services, FIX processing, archival and more, the program can be customized to meet immediate market data distribution, options market making, automated trading and co-location requirements while laying a scalable foundation for the future.
"In today's volatile marketplace, no one understands what peak is anymore. You just can't approach an options project with an equities mentality; it's far more extreme," said J. Barry Thompson, Co-Founder and CTO of Tervela. "Consider the Options Clearing Corporation who just last month set a new daily volume record of 26,647,538 contracts. Events like this further validate the need for a scalable messaging solution that can easily handle high-volume, latency-sensitive data distribution."
Monday, 6 October 2008
CME E-quotes New Version Launched
CME Group has launched the latest version of CME E-quotes(TM), a premiere real-time streaming market data application offering quotes, charting, advanced analytics and news on CME Group traded products.
E-quotes will enable users to access prices for all CME Group listings, including interest rates, equity indexes, foreign currencies, commodities, energy, metals and alternative investments. In addition, there is also access to prices for products listed on the Minneapolis Grain Exchange and the Kansas Board of Trade, which are available for electronic trading on CME Globex(R).
"CME Group partnered with Chicago-based Computer Voice Systems Inc. to transform their data system into a platform that will provide market participants a sophisticated and intuitive tool to reliably engage the latest news, analytics and quotes," said Brian McElligott, CME Group Director of Information Products Management. "This is another example of our continued focus on providing our customers with the latest market data technology at a significant value to view and analyze our markets and to better reach more informed decisions."
The E-quote Basic, Advanced and Professional editions enable users to track the markets with customizable features including quote monitors, market depth, advanced charts, time and sales and more. E-quotes supports Simplified Chinese, Russian and Japanese languages and is expandable to add additional languages.
Features of E-quotes include:
-- Free bundled delayed quote/chart access to all CME Group exchanges
-- Bundled Dow Jones News Select news in E-quotes Advanced and Professional editions
-- Cutting edge technology and a robust, growing feature set
-- Advanced edition is packed full of top analytics and powerful quote display features plus bundled news and free agricultural weather maps
-- Professional edition is everything obtained in Advanced plus sophisticated new quote views and options analytics
-- All new Wireless edition to track the markets on the go; around the world
-- The best market combination of sophistication, usability, performance and price for accessing CME Group products
E-quotes will enable users to access prices for all CME Group listings, including interest rates, equity indexes, foreign currencies, commodities, energy, metals and alternative investments. In addition, there is also access to prices for products listed on the Minneapolis Grain Exchange and the Kansas Board of Trade, which are available for electronic trading on CME Globex(R).
"CME Group partnered with Chicago-based Computer Voice Systems Inc. to transform their data system into a platform that will provide market participants a sophisticated and intuitive tool to reliably engage the latest news, analytics and quotes," said Brian McElligott, CME Group Director of Information Products Management. "This is another example of our continued focus on providing our customers with the latest market data technology at a significant value to view and analyze our markets and to better reach more informed decisions."
The E-quote Basic, Advanced and Professional editions enable users to track the markets with customizable features including quote monitors, market depth, advanced charts, time and sales and more. E-quotes supports Simplified Chinese, Russian and Japanese languages and is expandable to add additional languages.
Features of E-quotes include:
-- Free bundled delayed quote/chart access to all CME Group exchanges
-- Bundled Dow Jones News Select news in E-quotes Advanced and Professional editions
-- Cutting edge technology and a robust, growing feature set
-- Advanced edition is packed full of top analytics and powerful quote display features plus bundled news and free agricultural weather maps
-- Professional edition is everything obtained in Advanced plus sophisticated new quote views and options analytics
-- All new Wireless edition to track the markets on the go; around the world
-- The best market combination of sophistication, usability, performance and price for accessing CME Group products
Monday, 22 September 2008
Exegy, Inc., a public website that tracks real-time market data rates every second of every trading day.
Called MarketDataPeaks.com (http://www.marketdatapeaks.com/), the new site provides a minute-by-minute account of the aggregated volume of market data messages across major North American exchanges. The site highlights the peaks from the current day as well as historic peaks.
"This site is designed to provide unique information on peaks in market data to the financial community -- trading firms, exchanges and regulators," says Jeff Wells, V.P., Product Management at Exegy. "It will help executives stay on top of market data issues and plan for the future."
The historic data will be captured and included in the Financial Information Forum's capacity statistics as part of the organization's collaborative efforts to address issues that impact financial technology operations and development in light of rapid changes occurring in the marketplace.
"We look forward to giving our members insight into market data peaks based on Exegy's aggregated feed data," says Manisha Kimmel, Executive Director of FIF. "Including this unique data as part of the FIF Market Data Capacity Working Group discussions will allow us to further assist our members in planning and provisioning for market data growth."
All data are processed and updated through a single Exegy Ticker Plant in a New York City colocation facility managed by Xasax Corporation. Xasax is a Vendor of Record and Service Bureau, providing end-to-end trading system infrastructure for smaller hedge funds, proprietary trading desks, and financial service providers.
MarketDataPeaks.com features the total number of messages that occur simultaneously in any given second across all live data feeds including NYSE/SIAC, NASDAQ, OPRA, ARCA, BATS and Direct Edge, both Level 1 and 2. The graph displays the highest one-second peak that occurs in each minute. The graph on the site's home page automatically updates every minute.
Called MarketDataPeaks.com (http://www.marketdatapeaks.com/), the new site provides a minute-by-minute account of the aggregated volume of market data messages across major North American exchanges. The site highlights the peaks from the current day as well as historic peaks.
"This site is designed to provide unique information on peaks in market data to the financial community -- trading firms, exchanges and regulators," says Jeff Wells, V.P., Product Management at Exegy. "It will help executives stay on top of market data issues and plan for the future."
The historic data will be captured and included in the Financial Information Forum's capacity statistics as part of the organization's collaborative efforts to address issues that impact financial technology operations and development in light of rapid changes occurring in the marketplace.
"We look forward to giving our members insight into market data peaks based on Exegy's aggregated feed data," says Manisha Kimmel, Executive Director of FIF. "Including this unique data as part of the FIF Market Data Capacity Working Group discussions will allow us to further assist our members in planning and provisioning for market data growth."
All data are processed and updated through a single Exegy Ticker Plant in a New York City colocation facility managed by Xasax Corporation. Xasax is a Vendor of Record and Service Bureau, providing end-to-end trading system infrastructure for smaller hedge funds, proprietary trading desks, and financial service providers.
MarketDataPeaks.com features the total number of messages that occur simultaneously in any given second across all live data feeds including NYSE/SIAC, NASDAQ, OPRA, ARCA, BATS and Direct Edge, both Level 1 and 2. The graph displays the highest one-second peak that occurs in each minute. The graph on the site's home page automatically updates every minute.
Thursday, 11 September 2008
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.
Wednesday, 10 September 2008
RTS Realtime System Connectivity to FEX
RTS Realtime Systems Group, has committed to provide connectivity to the Financial & Energy Exchange (FEX).
The Financial & Energy Exchange (FEX) is building a world class exchange platform, focused on developing a suite of services for the Asian derivative markets. The benchmark FEX products will include traditional Asian energy products such as crude oil and thermal coal.
The offering will also extend to emerging energy and environmental products to help service existing and new liquidity pools. The FEX exchange traded futures market will utilise OMX technology, the premium matching engine technology supplier to world exchanges. The Clearing Corporation of Chicago, the world's largest independent clearing house, will provide clearing services.
Henk Huitema, Managing Director, Asia Pacific for RTS, said: "RTS is pleased to provide access to a new trading venue. Our ongoing connectivity enhancements offer our customers the ability to continually tap into new trading opportunities throughout the world as they develop.”
Tom Price, Executive Director, FEX, said: “Our decision to partner with RTS was an logical one given RTS’s global connectivity. RTS meets FEX’s stringent infrastructure support requirements in a professional and responsive manner. We look forward to a valuable partnership.”
RTS offers access through its Realtime Trading Desktop (RTD) portfolio, including its RTD-API’s, the RTD front-end trading system, and RTD Tango, its high performance automated algorithmic trading solution.
Additionally, RTS will be providing direct market access to the new marketplace in its data centre and hosting facilities across the world.
The Financial & Energy Exchange (FEX) is building a world class exchange platform, focused on developing a suite of services for the Asian derivative markets. The benchmark FEX products will include traditional Asian energy products such as crude oil and thermal coal.
The offering will also extend to emerging energy and environmental products to help service existing and new liquidity pools. The FEX exchange traded futures market will utilise OMX technology, the premium matching engine technology supplier to world exchanges. The Clearing Corporation of Chicago, the world's largest independent clearing house, will provide clearing services.
Henk Huitema, Managing Director, Asia Pacific for RTS, said: "RTS is pleased to provide access to a new trading venue. Our ongoing connectivity enhancements offer our customers the ability to continually tap into new trading opportunities throughout the world as they develop.”
Tom Price, Executive Director, FEX, said: “Our decision to partner with RTS was an logical one given RTS’s global connectivity. RTS meets FEX’s stringent infrastructure support requirements in a professional and responsive manner. We look forward to a valuable partnership.”
RTS offers access through its Realtime Trading Desktop (RTD) portfolio, including its RTD-API’s, the RTD front-end trading system, and RTD Tango, its high performance automated algorithmic trading solution.
Additionally, RTS will be providing direct market access to the new marketplace in its data centre and hosting facilities across the world.
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, 2 September 2008
Neonet to Provide Access to NASDAQ OMX
Neonet, is to offer access to the new alternative market NASDAQ OMX Europe upon its target launch in September.
"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 NASDAQ OMX as they launch an alternative market in Europe," states Simon Nathanson, CEO and President of Neonet.
"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 NASDAQ OMX as they launch an alternative market in Europe," states Simon Nathanson, CEO and President of Neonet.
Saturday, 23 August 2008
Openstream Launch Mobile Trading Tools
Openstream Inc. ( http://www.openstream.com/ ), a provider of multimodal information management solutions for the enterprises and Omnesys Technologies (India) Pvt. Ltd., a leading Brokerage and Trading Platform provider in India, today announced the joint launch of Openstream's new Cue-Me(TM) multimodal browser based brokerage & trading solutions for their customers.
The multimodal solution would greatly enhance the usability of their joint offering to brokerage houses. Key features of the service include: access to NSE, BSE and NCDEX markets; local financial news; real-time quotes; currencies, interest rates, and global indices; advanced order functionality, and real-time updates of Omnesys' portfolio.
Openstream's Cue-me(TM) enhances the Omnesys's offerings by maximizing the access to its NEST Brokerage Platform services. The integrated solution today provides Omnesys' customers speech and multimodal access to the service information they need from all the popular mobile devices, such as BlackBerry, Nokia-Symbian and Windows Mobile devices. The solution will soon be made available on iPhone devices.
"The strength of our joint offering is in that it enables us to offer rich and convenient interface to our applications that are independent of delivery devices, their footprints, networks and carriers. Our customers appreciate the power of using this multi-modal approach as it can provide speech capability to our trading applications on mobile devices with small screens and limited input methods, enabling the users to quickly access information related to their executed trades, stock quotes, portfolio and market news by talking and tapping on their devices," says Shrikant Pandit, CEO of Omnesys Technologies (India).
Speaking on the launch of the new mobile brokerage solution, Mr. Pradeep Gupta, Vice-chairman, AnandRathi Securities, one of the leading wealth-management companies in Asia, said, "We have always been looking for exceeding the expectations of our clientele and Openstream's multimodal solutions delivered on Omnesys's NEST Platform help us meet the growing needs of our customers."
The joint solution is being launched through all Omnesys' customers in India.
The multimodal solution would greatly enhance the usability of their joint offering to brokerage houses. Key features of the service include: access to NSE, BSE and NCDEX markets; local financial news; real-time quotes; currencies, interest rates, and global indices; advanced order functionality, and real-time updates of Omnesys' portfolio.
Openstream's Cue-me(TM) enhances the Omnesys's offerings by maximizing the access to its NEST Brokerage Platform services. The integrated solution today provides Omnesys' customers speech and multimodal access to the service information they need from all the popular mobile devices, such as BlackBerry, Nokia-Symbian and Windows Mobile devices. The solution will soon be made available on iPhone devices.
"The strength of our joint offering is in that it enables us to offer rich and convenient interface to our applications that are independent of delivery devices, their footprints, networks and carriers. Our customers appreciate the power of using this multi-modal approach as it can provide speech capability to our trading applications on mobile devices with small screens and limited input methods, enabling the users to quickly access information related to their executed trades, stock quotes, portfolio and market news by talking and tapping on their devices," says Shrikant Pandit, CEO of Omnesys Technologies (India).
Speaking on the launch of the new mobile brokerage solution, Mr. Pradeep Gupta, Vice-chairman, AnandRathi Securities, one of the leading wealth-management companies in Asia, said, "We have always been looking for exceeding the expectations of our clientele and Openstream's multimodal solutions delivered on Omnesys's NEST Platform help us meet the growing needs of our customers."
The joint solution is being launched through all Omnesys' customers in India.
Wednesday, 20 August 2008
RTS Realtime Increases DMA Access to Vienna
RTS Realtime Systems Group (RTS), a trading solutions provider, today announced that Raiffeisen Centrobank AG, an issuing bank in Austria, has recently expanded its services by offering Direct Market Access (DMA) to the Vienna Stock Exchange, enabling other RTS customers to access this Xetra electronic trading platform based exchange.
RTS’ RTD Connect solution is easy to deploy between RTS customers, simply requiring a “plug ‘n play interface” between two RTD servers. Until now, Raiffeisen Centrobank has been using the high-performance trading platform RTD Realtime Trading Desktop for its proprietary trading.
Günter Englhart, responsible for order routing for Raiffeisen Centrobank, said: “With this new offering, we are able to further strengthen our order routing reach, providing customers the full scope of functionality available on Xetra Vienna. Further routing destinations are available on request.”
Said Christian Zahm, Sales Manager for RTS in Frankfurt: “We are pleased to deepen our long-term relationship with Raiffeisen Centrobank and to offer a new benefit to other customers as we extend our RTD Connect Network. With this endeavor, we now have an additional partner offering connectivity to other RTS customers.”
RTS’ RTD Connect solution is easy to deploy between RTS customers, simply requiring a “plug ‘n play interface” between two RTD servers. Until now, Raiffeisen Centrobank has been using the high-performance trading platform RTD Realtime Trading Desktop for its proprietary trading.
Günter Englhart, responsible for order routing for Raiffeisen Centrobank, said: “With this new offering, we are able to further strengthen our order routing reach, providing customers the full scope of functionality available on Xetra Vienna. Further routing destinations are available on request.”
Said Christian Zahm, Sales Manager for RTS in Frankfurt: “We are pleased to deepen our long-term relationship with Raiffeisen Centrobank and to offer a new benefit to other customers as we extend our RTD Connect Network. With this endeavor, we now have an additional partner offering connectivity to other RTS customers.”
Bank Of Beijing Selects IPC
IPC Systems, Inc., a provider of indispensable communications solutions to financial services firms, today announced that Bank of Beijing has chosen the IQ/MAX, IPC’s , Voice over IP-enabled, high-performance desktop tool for its trading floor.
Bank of Beijing evaluated numerous vendors in order to select a platform that would best meet the requirements for connectivity, security and dependability for its 25-position floor. Having formerly relied on PBX phones, the Bank’s main focus was on transitioning to VoIP technology in order to support a technologically modern trading floor over the long-term. The IQ/MAX turret provides the Bank’s traders with several powerful features including call logs, caller ID, updateable displays and an assortment of customizable options that competitors could not offer. The IPC solution allowed the Bank to install top-of-the-line technology that not only would serve its immediate demands, but also have the capacity to grow as the Bank’s business expands. The transition to the recently installed floor went smoothly, with the full rollout taking less than one month to complete.
“The Bank of Beijing prides itself in using technology in innovative ways to enhance our business, and we believe that IQ/MAX offers a competitive advantage,” said a spokesperson for the Bank of Beijing. “We are confident that IPC’s global presence and industry expertise will help us stay on the leading edge of technology so that we can offer our clients the best trading services available in the marketplace.”
Bank of Beijing evaluated numerous vendors in order to select a platform that would best meet the requirements for connectivity, security and dependability for its 25-position floor. Having formerly relied on PBX phones, the Bank’s main focus was on transitioning to VoIP technology in order to support a technologically modern trading floor over the long-term. The IQ/MAX turret provides the Bank’s traders with several powerful features including call logs, caller ID, updateable displays and an assortment of customizable options that competitors could not offer. The IPC solution allowed the Bank to install top-of-the-line technology that not only would serve its immediate demands, but also have the capacity to grow as the Bank’s business expands. The transition to the recently installed floor went smoothly, with the full rollout taking less than one month to complete.
“The Bank of Beijing prides itself in using technology in innovative ways to enhance our business, and we believe that IQ/MAX offers a competitive advantage,” said a spokesperson for the Bank of Beijing. “We are confident that IPC’s global presence and industry expertise will help us stay on the leading edge of technology so that we can offer our clients the best trading services available in the marketplace.”
Monday, 23 June 2008
Omnesys Technologies
Omnesys Technologies Pvt. Ltd. is a Bangalore-based firm specializing in mission-critical software products and solutions for the securities market. Omnesys is an empanelled vendor on the premier exchanges in India and its flagship product NEST has been well-accepted by several brokerage houses. A fully integrated online trading system for securities using regular trading work stations, web browsers, and mobile devices, NEST binds all clients such as remote branches, sub-brokers, and individual investors into an integrated real-time online, multi-channel system.
Saturday, 31 May 2008
Trace Financial
Trace Financial provides products and services to support the business operations of brokers, market makers, fund managers, banks and other financial institutions. Products include systems integration technologies and generic intelligent interfacing hub systems. In addition Trace Financial provides corporate actions management solutions for a range of customers in the financial community.
OMX Securities And Brooks Macdonald
OMX Securities, a leading supplier of outsourced clearing and settlement services, today announced that Brooks Macdonald Asset Management is leveraging its existing clearing and settlement agreement with OMX to support significant growth in its discretionary management business.
Brooks Macdonald Asset Management is a subsidiary of specialist wealth management company Brooks Macdonald Group and has £1.0524bn funds under management (as at 31st December 2007). OMX Securities provides Brooks Macdonald with outsourced clearing and settlement services in UK, Foreign and European equities and funds.
When Brooks Macdonald needed to take on new business it turned to OMX Securities to achieve a rapid scaling up of its outsourced clearing and settlement operation in order to handle the increased volume of discretionary management business. OMX Securities successfully met mission critical timeframes, supporting Brooks Macdonald in achieving its sales and growth targets.
Chris Macdonald, CEO of Brooks Macdonald said: "OMX Securities helped us, quickly and efficiently, to meet the need to grow our business and have proved they are the right partner to support the continued expansion of our operation. The scalability of their clearing and settlement service will enable us to take additional new business well within our planned timeframes."
Angus Macdonald, CEO of OMX Securities comments: "OMX Securities is delighted to continue to support Brooks Macdonald to achieve its planned business growth. This project clearly signals that OMX Securities is well placed to provide wealth management firms with a flexible, responsive and professional clearing and settlement service."
OMX Securities has a proven track record in providing managed services to some of the UK's leading financial institutions. It supplies a complete business infrastructure to handle portfolio management, order management, execution, clearing, custody administration and settlement for wealth managers, institutional brokers and retail brokers.
Brooks Macdonald Asset Management is a subsidiary of specialist wealth management company Brooks Macdonald Group and has £1.0524bn funds under management (as at 31st December 2007). OMX Securities provides Brooks Macdonald with outsourced clearing and settlement services in UK, Foreign and European equities and funds.
When Brooks Macdonald needed to take on new business it turned to OMX Securities to achieve a rapid scaling up of its outsourced clearing and settlement operation in order to handle the increased volume of discretionary management business. OMX Securities successfully met mission critical timeframes, supporting Brooks Macdonald in achieving its sales and growth targets.
Chris Macdonald, CEO of Brooks Macdonald said: "OMX Securities helped us, quickly and efficiently, to meet the need to grow our business and have proved they are the right partner to support the continued expansion of our operation. The scalability of their clearing and settlement service will enable us to take additional new business well within our planned timeframes."
Angus Macdonald, CEO of OMX Securities comments: "OMX Securities is delighted to continue to support Brooks Macdonald to achieve its planned business growth. This project clearly signals that OMX Securities is well placed to provide wealth management firms with a flexible, responsive and professional clearing and settlement service."
OMX Securities has a proven track record in providing managed services to some of the UK's leading financial institutions. It supplies a complete business infrastructure to handle portfolio management, order management, execution, clearing, custody administration and settlement for wealth managers, institutional brokers and retail brokers.
Saturday, 12 April 2008
Fixnetrix and Borse Berlin
Börse Berlin Equiduct Systems has announced that it has selected Fixnetix, the leading provider of low latency market data and trading infrastructure connectivity, to develop the fastest and most robust market data feed for its Equiduct Trading platform. Equiduct Trading will provide, from mid-2008, a pan-European regulated market offering cross-border trading services and market data distribution that needs the fastest and most reliable market data feed technology to ensure that its customers can take advantage of its Best Execution services.
Börse Berlin Equiduct Systems selected Fixnetix because its market data solutions deliver the fastest, most resilient and proven end-to-end performance without any buffering or loss of data, and the company was able to ensure minimal pan European latency to support the creation of Equiduct Trading's VBBO (Volume-weighted Best Bid and Offer) real-time feed for liquid instruments, which is derived from the full depth of the book from all relevant execution venues in Europe. Based on Fixnetix data, Börse Berlin Equiduct Trading believes that its VBBO provides the European benchmark price that is required as part of each investment firm?s equity execution policy.
Börse Berlin Equiduct Systems selected Fixnetix feeds after a detailed assessment of other market data vendors.
"Enabling our customers to quickly and cost-effectively meet the requirements under MiFID we need to ensure that we provide the most reliable VBBO prices" commented Artur Fischer, Joint CEO of Börse Berlin Equiduct Trading. "Our comprehensive testing confirmed that the Fixnetix feeds deliver the fastest and most comprehensive Level II data for all our target markets, and - as recent market conditions have shown - are robust enough not to drop or delay any data during volatile or fast market conditions" commented Rob Brouwer CIO of the Börse Berlin Equiduct Group. "With a key project like this, deadlines were of ultimate importance and we are pleased that Fixnetix were able to deliver this first phase of the project on time," he added.
"Fixnetix is committed to the success of Börse Berlin Equiduct Trading, and we?re delighted that Equiduct has recognized Fixnetix direct data feeds as the fastest and most resilient for demanding real-time applications such as the Equiduct Trading offering," added Hugh Hughes, Chief Executive Officer for Fixnetix. "Börse Berlin Equiduct Trading clearly realises that low latency services - and the ability of firms to provide a Best Execution capability - are meaningless without the proven end-to-end connectivity that can ensure robust performance across demanding multi-national environments. That's why we're proud of our ability to deliver sub-millisecond performance without any buffering or loss of data."
Börse Berlin Equiduct Systems selected Fixnetix because its market data solutions deliver the fastest, most resilient and proven end-to-end performance without any buffering or loss of data, and the company was able to ensure minimal pan European latency to support the creation of Equiduct Trading's VBBO (Volume-weighted Best Bid and Offer) real-time feed for liquid instruments, which is derived from the full depth of the book from all relevant execution venues in Europe. Based on Fixnetix data, Börse Berlin Equiduct Trading believes that its VBBO provides the European benchmark price that is required as part of each investment firm?s equity execution policy.
Börse Berlin Equiduct Systems selected Fixnetix feeds after a detailed assessment of other market data vendors.
"Enabling our customers to quickly and cost-effectively meet the requirements under MiFID we need to ensure that we provide the most reliable VBBO prices" commented Artur Fischer, Joint CEO of Börse Berlin Equiduct Trading. "Our comprehensive testing confirmed that the Fixnetix feeds deliver the fastest and most comprehensive Level II data for all our target markets, and - as recent market conditions have shown - are robust enough not to drop or delay any data during volatile or fast market conditions" commented Rob Brouwer CIO of the Börse Berlin Equiduct Group. "With a key project like this, deadlines were of ultimate importance and we are pleased that Fixnetix were able to deliver this first phase of the project on time," he added.
"Fixnetix is committed to the success of Börse Berlin Equiduct Trading, and we?re delighted that Equiduct has recognized Fixnetix direct data feeds as the fastest and most resilient for demanding real-time applications such as the Equiduct Trading offering," added Hugh Hughes, Chief Executive Officer for Fixnetix. "Börse Berlin Equiduct Trading clearly realises that low latency services - and the ability of firms to provide a Best Execution capability - are meaningless without the proven end-to-end connectivity that can ensure robust performance across demanding multi-national environments. That's why we're proud of our ability to deliver sub-millisecond performance without any buffering or loss of data."
Monday, 31 March 2008
ORC Software Opens Chicago Development
Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that it has opened a new development center in Chicago, Illinois. The new development center adds to Orc’s extensive list of development centers located around the world including centers in major financial capitals such as London, New York, Toronto, Stockholm, Moscow, Hong Kong, and Sydney.
“Chicago is at the center of global derivatives trading and has one of the most talented and diverse workforces in the world, making it an ideal location for Orc Software to cultivate a strong development team,” said Rita Athas, executive director of World Business Chicago. “We are pleased to add Orc to an impressive group of tech companies that prosper in Chicago.”
“Chicago is a vibrant and growing market for us,” said Hugh Stables, VP of Engineering for Orc Software. “Opening a development center in Chicago will help us better serve the needs of our customers and expand our capability to develop world-class derivatives trading and connectivity solutions. In addition, with the wealth of knowledge and expertise in the Chicago region, we expect to find outstanding employees to join our team and make Orc Software even more successful.”
“This announcement is excellent news for our North American customers,” notes Steve Lukes, VP of Americas Sales for Orc Software. “Knowledge of local market requirements is key to our business. The Chicago Development Center will be instrumental in helping us continue to support the needs of our clients in the area.”
Orc Software’s Chicago Development Center will be responsible for developing solutions specifically for Orc’s growing North American client base. Orc Software’s development is currently spread across multiple offices around the world to ensure the best possible development of solutions suited to Orc’s global customer base. With over 260 employees, Orc is a global company with substantial local market expertise.
Orc Software’s Chicago Development Center will be located in expanded offices at 190 South LaSalle Street in Chicago’s Loop business district.
“Chicago is at the center of global derivatives trading and has one of the most talented and diverse workforces in the world, making it an ideal location for Orc Software to cultivate a strong development team,” said Rita Athas, executive director of World Business Chicago. “We are pleased to add Orc to an impressive group of tech companies that prosper in Chicago.”
“Chicago is a vibrant and growing market for us,” said Hugh Stables, VP of Engineering for Orc Software. “Opening a development center in Chicago will help us better serve the needs of our customers and expand our capability to develop world-class derivatives trading and connectivity solutions. In addition, with the wealth of knowledge and expertise in the Chicago region, we expect to find outstanding employees to join our team and make Orc Software even more successful.”
“This announcement is excellent news for our North American customers,” notes Steve Lukes, VP of Americas Sales for Orc Software. “Knowledge of local market requirements is key to our business. The Chicago Development Center will be instrumental in helping us continue to support the needs of our clients in the area.”
Orc Software’s Chicago Development Center will be responsible for developing solutions specifically for Orc’s growing North American client base. Orc Software’s development is currently spread across multiple offices around the world to ensure the best possible development of solutions suited to Orc’s global customer base. With over 260 employees, Orc is a global company with substantial local market expertise.
Orc Software’s Chicago Development Center will be located in expanded offices at 190 South LaSalle Street in Chicago’s Loop business district.
SmartStream Selected by Asset Manager
SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that one of the world’s leading Asset Managers has selected TLM® Reconciliations to create a global reconciliation solution.
The firm has a strong control-oriented culture and wanted to replace manual and semi-automated processes across its cash, securities and OTC derivatives reconciliations. TLM Reconciliations was selected to deliver a single solution across its global operations, enabling the firm to introduce more proactive back office processes. As a result, it can concentrate on resolving exceptions rather than managing the entire reconciliation processes, driving down operational risk and cost.
TLM Reconciliations was chosen for its unprecedented matching ability, allowing the firm to process every instrument type, from vanilla cash and stock transactions to more complex instruments such as OTC derivatives. TLM’s volume-insensitive design provides the firm with the scalability to process more and new types of instruments as the organisation grows.
Ease of deployment to a global workforce was also a decisive factor. TLM’s thin client user interface, TLM® WebConnect, removes the need to perform local upgrades in each location, enabling the firm to efficiently add new users through a browser.
Richard Cummings, UK Regional Director, SmartStream, said: “It’s clear that with higher trading volumes and ever more complex instruments, greater back office automation is critical to improving operational efficiency in today’s markets. We are delighted that this leading Asset Manager has selected TLM Reconciliations as the basis for a single reconciliations solution globally and recognised its ability to support its processing needs. This deal is testament to SmartStream’s global delivery capabilities, engaging with the client in each of its key markets to demonstrate TLM’s ability to meet their complex processing requirements. It highlights, once again, that TLM offers a proactive approach to effectively managing the transaction lifecycle, which enables firms to reduce both operational risk and cost.”
The firm has a strong control-oriented culture and wanted to replace manual and semi-automated processes across its cash, securities and OTC derivatives reconciliations. TLM Reconciliations was selected to deliver a single solution across its global operations, enabling the firm to introduce more proactive back office processes. As a result, it can concentrate on resolving exceptions rather than managing the entire reconciliation processes, driving down operational risk and cost.
TLM Reconciliations was chosen for its unprecedented matching ability, allowing the firm to process every instrument type, from vanilla cash and stock transactions to more complex instruments such as OTC derivatives. TLM’s volume-insensitive design provides the firm with the scalability to process more and new types of instruments as the organisation grows.
Ease of deployment to a global workforce was also a decisive factor. TLM’s thin client user interface, TLM® WebConnect, removes the need to perform local upgrades in each location, enabling the firm to efficiently add new users through a browser.
Richard Cummings, UK Regional Director, SmartStream, said: “It’s clear that with higher trading volumes and ever more complex instruments, greater back office automation is critical to improving operational efficiency in today’s markets. We are delighted that this leading Asset Manager has selected TLM Reconciliations as the basis for a single reconciliations solution globally and recognised its ability to support its processing needs. This deal is testament to SmartStream’s global delivery capabilities, engaging with the client in each of its key markets to demonstrate TLM’s ability to meet their complex processing requirements. It highlights, once again, that TLM offers a proactive approach to effectively managing the transaction lifecycle, which enables firms to reduce both operational risk and cost.”
VTB Bank Europe plc, has selected SONARIS/Bonds, the high-performance bond pricing engine from ORIMOS, a leading provider of front-office technology. VTB traders and sales benefit from the comprehensive functionality offered by SONARIS, ranging from pricing and real-time risk to market alerts and history charts for prices, yields and spreads.
George Niedringhaus, Managing Director, Head of VTB Europe's Fixed Income Sales and Trading, comments: "We needed to overhaul our trading capabilities quickly so we focused on the most capable off-the-shelf solutions in the market. Specifically, we needed a state-of-the-art pricing engine which would give our emerging market fixed income traders superior analytics and up-to-the-minute market awareness. After careful review, SONARIS came out on top and we are pleased with how responsive they have been with our requests for productivity-enhancing customization."
Chris Axton, Head of VTB IT, London, added: “Putting a system in place that fits our requirements, integrates with our infrastructure and simply runs with low operational overhead were our top priorities. SONARIS meets all of these needs.”
Guido Hagemann, CEO, ORIMOS, said: “We are extremely pleased that ORIMOS was the selected provider of pricing and analytics to VTB. This is our first Russian client and further expands our emerging market product usage and presence.”
George Niedringhaus, Managing Director, Head of VTB Europe's Fixed Income Sales and Trading, comments: "We needed to overhaul our trading capabilities quickly so we focused on the most capable off-the-shelf solutions in the market. Specifically, we needed a state-of-the-art pricing engine which would give our emerging market fixed income traders superior analytics and up-to-the-minute market awareness. After careful review, SONARIS came out on top and we are pleased with how responsive they have been with our requests for productivity-enhancing customization."
Chris Axton, Head of VTB IT, London, added: “Putting a system in place that fits our requirements, integrates with our infrastructure and simply runs with low operational overhead were our top priorities. SONARIS meets all of these needs.”
Guido Hagemann, CEO, ORIMOS, said: “We are extremely pleased that ORIMOS was the selected provider of pricing and analytics to VTB. This is our first Russian client and further expands our emerging market product usage and presence.”
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