Instinet has launched Instinet Execution Experts, a suite of algorithms incorporating best-of-breed components of Instinet’s previous algorithmic offering with Nomura’s former US strategies. The release represents the first major fruits of the combination of the two since the US firm’s acquisition by Nomura in 2006 (Electronic Trading, December 2006).

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Instinet has launched Instinet Execution Experts, a suite of algorithms incorporating best-of-breed components of Instinet’s previous algorithmic offering with Nomura’s former U.S. strategies. The release represents the first major fruits of the combination of two since the U.S. firm’s acquisition by Nomura in 2006 (Electronic Trading, November 2006).

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Macquarie Capital Securities Asia, provider of electronic execution tools tailored for Asia, has joined the private, secure Charles River FIX Network , which is integrated with the Charles River Investment Management System (IMS).

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Alphacet, developer of software solutions for quantitative analysts, traders and portfolio managers, has completed an initial round of financing by private investors, including Boston-based Saturn Venture Capital.

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New York-headquartered ESP Technologies, provider of a broker neutral global order routing network, post-trade management technology and centralised aggregated settlement services to the buy side, has deployed UL Reach from connectivity and trading software provider Ullink for distribution of its algorithmic solutions.

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Credit Suisse’s Advanced Execution Services (AES) has connected to TriAct Canada Marketplace’s MATCH Now alternative trading system as a trading destination for all of its algorithmic and direct market access systems for trading Canadian stocks. Wendy Rudd, chief executive officer at TriAct Canada Marketplace, reckons MATCH Now’s continuous price improvement model supports the pursuit of liquidity and best execution for Canadian stocks.

Portware, provider of global, broker-neutral, multi-asset trading solutions, has integrated with direct access broker/dealer Genesis Securities. Genesis has become a certified destination within Portware’s algorithmic trading platform, allowing Portware’s clients to take advantage of Genesis’ high speed execution capabilities, integrated market data and co-location Data Center.

Portware, provider of global, broker-neutral, multi-asset trading solutions, has integrated with direct access broker/dealer Genesis Securities. Genesis has become a certified destination within Portware’s algorithmic trading platform, allowing Portware’s clients to take advantage of Genesis’ high speed execution capabilities, integrated market data and co-location Data Center.

US institutional broker Weeden & Co has teamed with New York’s Pragma Financial Systems to launch OnePipe, a single crossing network that taps up to 25 dark liquidity pools. OnePipe was developed through Pragma @ Weeden, the two firms’ joint algorithmic trading service. It offers institutional investors access to more than 25 dark pools, crossing networks and streaming liquidity venues from a single, integrated source that can be accessed from the trader’s desktop.

Credit Suisse’s Advanced Execution Services (AES) has connected to TriAct Canada Marketplace’s MATCH Now alternative trading system as a trading destination for all of its algorithmic and direct market access systems for trading Canadian stocks. Wendy Rudd, chief executive officer at TriAct Canada Marketplace, reckons MATCH Now’s continuous price improvement model supports the pursuit of liquidity and best execution for Canadian stocks.

Japan’s Mitsubishi UFJ Securities (MUS) has completed the first phase roll-out of a new algorithmic execution service based on technology developed by UK vendor Fidessa.

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Credit Suisse Advanced Execution Services (AES) and Townsend Analytics have agreed to offer the investment bank’s new suite of algorithmic trading tactics for US listed options through Townsend’s EMS, RealTick.

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UniCredit Group’s Markets & Investment Banking Division has implemented Tibco Rendezvous as the low latency messaging platform underpinning its European Index Arbitrage Trading business. Employing complex high frequency trading strategies, the European Index Arbitrage Trading Group takes advantage of temporary discrepancies between the prices of securities comprising an index and the price of a futures contract on that index. Rendezvous has been implemented for low latency and scalable distribution of market and pricing data between the program trading systems underpinning the business’ strategy.

BNY ConvergEx is to provide users of its Eze order management system with direct access to options algorithms developed by Credit Suisse’s Advanced Execution Services (AES) unit. Credit Suisse says mutual clients can now access its full suite of automated, algorithmic trading strategies - including Pathfinder, Sniper and Delta Adjusted - via the Eze OMS.

Goldman Sachs Electronic Trading (GSET) has unveiled two new US listed option algorithms. The addition of Iceberg and Delta Adjusted algorithms marks the third and fourth strategies in Goldman Sachs’s suite of options execution algorithms and order types, which have been built on the foundation laid by SIGMA and Prowler. These strategies are available to clients trading electronically over all the GSET platforms, specifically REDIPlus and its FIX offering.

FlexTrade Systems says its FlexTrader EMS algorithmic trading platform is providing direct access to NYSE MatchPoint, the new, portfolio-based, point in time electronic trading facility of the New York Stock Exchange. Meanwhile, Mixit, provider of advanced trading technology, say it is also ready to connect brokers and their buy and sell side clients to NYSE Matchpoint.

FlexTrade Systems’ FlexTRADER EMS will be the first algorithmic trading platform to provide direct access to NYSE MatchPoint, the new, portfolio-based, point in time electronic trading facility of the New York Stock Exchange.

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FXall, the foreign exchange platform, has reported record annual trading volumes of over $13.4 trillion in 2007. Trading activity highlights include: volumes increase 37 per cent year-on-year; daily volume surpasses $98 billion in the fourth quarter; growth in trading volumes continues to be driven by new client activity, in particular from the investment community, which now accounts for more than 50 per cent of volume traded over FXall.

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Interactive Data Corporation has agreed to supply a range of low latency data to General Welfare Group. By utilising Interactive Data’s PlusFeed, General Welfare Group will be able to have complete access to low latency data in the North American markets, helping them to innovate a range of trading strategies.

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UNX has launched five new algorithms that it says utilise the firm’s tactical execution framework and expertise in micro-market liquidity flows to help clients achieve best execution and beat benchmarks for their trades.

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