Content about Algo, HFT and Execution

RavenPack, the premier provider of real-time financial news analysis services, and Deltix, a leading provider of software for the development and deployment of advanced quantitative alpha generation and execution strategies, have announced a partnership to make RavenPack’s Regional Macro Sentiment Indexes available in the Deltix Cloud Services (DCS) platform.

Just a quick post to point back to the recent outing of our Low-Latency Summits, held in New York City on May 1. And also a point forward to our next Summits in the Fall.

Integral Development, a leading provider of FX trading solutions and services, announced today the issuance of U.S. Patent No. 8,417,622. In the recently issued patent, Integral has received additional protection to supplement and extend its earlier patents. Patents issued reassure Integral’s customers that the technology solutions and systems which they are using to conduct their business were designed in such unique ways that they warrant the legal protection afforded by the exclusivity secured by a U.S. patent. It is also a testament to Integral’s technology innovation. Integral will continue to protect its intellectual property, and the rights of its customers who use its systems and technology.

AlgoFast’s first partnership with another independent software vendor, trade routing, market data and technical analysis specialist CQG, takes the company a step closer to its ultimate goal of providing its algorithmic event trading software to the online retail market.

The Fixed Income Connectivity Working Group of leading sell side banks (FICWG) welcomes the positive response shown by the industry for the adoption of open, standardized protocols for the trading of fixed income cash bonds. Launched by the global investment banking community in June 2011 and supported by Etrading Software Limited (“Etrading Software”) and Expand Research LLP (“Expand”), FICWG aims to promote the global use of the FIX Protocol and other industry standards across all fixed income products. Since launch, FICWG has worked in collaboration with the FIX Protocol Ltd (FPL), to create best practices recommendations for trading fixed income instruments via the FIX Protocol.

S3’s new router analytics service feeds your router all the necessary data to accurately route based on exchange fees, rebates, execution quality and any other client defined reference data. By combining easy to use interfaces and superior data with an effective way to automatically update your router, S3 ensures your router is always making the best decision.

Broadway Technology, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has added Tradition’s global hybrid platform for trading interest rate swaps, Trad-X, to its portfolio of adaptors for US Interest Rate Swaps for its global customers. The addition of Trad-X will provide deeper liquidity in Broadway's aggregated US IR swaps order books. Tradition is a leading global interdealer broker in OTC financial and non-financial products.

OneMarketData has extended the reach of its flagship complex event processing (CEP) product OneTick through a contract win with market-maker Optiver and an integration arrangement with execution and order management systems supplier FlexTrade Systems.

Eze Software Group, a premier provider of global investment technology, today announced that the United States Patent and Trademark office has issued United States Patent Number 8,352,353 for its industry-leading execution management system, the RealTick EMS. The patent covers the proprietary technology and methodology for the staging of electronic orders into a neutral (aggregation) account for execution, providing ultimate flexibility and workflow efficiency to traders while maintaining their anonymity.

The NASDAQ OMX Group, BM&FBOVESPA, the Brazilian Securities, Commodities and Futures (BVMF3) Exchange, and BM&FBOVESPA Market Supervision (BSM), have announced the official go-live of NASDAQ OMX's SMARTS Integrity market surveillance platform across Brazil's equities, commodities and futures. BM&FBOVESPA's Equities market has been working with SMARTS since 2011, and now the Commodities and Futures markets will be monitored on the PUMA Trading System platform.

SunGard is expanding its Valdi suite of trading solutions with the introduction of Valdi Trading Analytics (VTA). SunGard’s VTA is a global offering that brings real-time trade execution performance and financial analytics to the front office, helping financial services firms operate smarter and achieve competitive advantage by improving trading profitability and better managing firm-wide trading expense reconciliation. Firms can use VTA as a managed or hosted solution.

Russian institutional broker Otkritie Capital is working with SunGard to deliver a direct market access (DMA) service that supports automatic real-time currency conversion from the Russian Ruble to the US Dollar, as well as client access to Russian trading venues using Otkritie’s suite of algorithmic trading strategies.