Smart Trade Technologies, a provider of liquidity management systems (LMS) automating MiFID and Reg NMS-compliant best execution, has launched an upgraded liquidity management system, smartTrade Transaction Platform (STTP) 5.5.

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4sight Financial Software has outlined plans to offer connectivity to Borsa Italiana members who wish to use the London Stock Exchange’s (LSE) TradElect platform following the recent merger with the LSE and subsequent migration of the MTA listed stocks to TradElect.

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GL Trade has signed an agreement with the Warsaw Stock Exchange (WSE) enabling GL Trade’s clients to trade on the WSE via the GL Connect ASP service, through which GL Trade hosts exchange connectivity on behalf of its clients. GL Trade will also be opening a GL Net Hub in Warsaw, the first one in Central Europe – the 17th in Europe and 30th worldwide.

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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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BT will provide connectivity to Chi-X Canada – an alternative trading system (ATS) for Toronto Stock Exchange listed senior equities – through the Radianz Shared Market Infrastructure. Chi-X Canada joins nearly 60 execution venues worldwide that currently distribute their market data services or enable access to trading applications over the Radianz Shared Market Infrastructure.

GL Trade, a provider of integrated multi-asset solutions for financial institutions, has launched its front office FX trading solution for spot FX. GL Trade now connects to Baxter-FX, FXCM Pro, Hotspot FXi, and FXMarketSpace.

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Nyfix has added some 60 Latin American brokers to its marketplace through a partnership with Consultoria, Metodos, Assessoria e Mercantil S.A. (CMA), a multinational Brazilian company focused on providing technology solutions to the financial markets. The partnership also provides both Nyfix and CMA clients with efficient access to increasing amounts of liquidity.

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BT will provide connectivity to Chi-X Canada – an alternative trading system (ATS) for Toronto Stock Exchange listed senior equities – through the Radianz Shared Market Infrastructure.

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ESP Technologies, which provides broker-neutral global order routing, post-trade management technology and settlement aggregation services, has integrated its settlement aggregation service with INDATA, using its Precision Trading Order Management System.

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Onix Solutions has completed the certification of its FIX Engine and FAST FIX market data handler against the CME Globex platform.

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The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange has been named ELX Electronic Liquidity Exchange. Bank of America, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank Securities, JPMorgan, Merrill Lynch and Royal Bank of Scotland, along with Chicago-based trading firms Getco and Peak6 and hedge fund Citadel, are investing in the new exchange, which will be powered by technology developed and supplied by eSpeed.

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CQG, the analytics and trade routing platform for global electronically-traded futures markets, has connected its hosted order routing gateways to the Liffe Connect trading system via NYSE Euronext Liffe’s new 100Mbps High Speed Access line (Low-Latency.com, 19 December 2007).

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Fidessa LatentZero, provider of front office software to the buy side, is now offering access to State Street’s FX Connect trading platform from its order and execution management system, Minerva (Electronic Trading, March 2007). FX Connect provides real-time, interactive foreign exchange trade execution with multiple counterparties. It delivers real-time information, and links pre-trade research and strategy information, electronic trading and post-trade clearance, settlement and reporting. Users of Fidessa LatentZero’s trading network, LTN, will now have an improved ability to integrate foreign exchange trading into their portfolio execution process, the vendor claims.

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An Italian investment firm and established Orc Software customer, Centrosim, is using Orc technology for its single platform-based automated trading and risk management solution. Centrosim is utilising Orc Trading technology tools including Orc Trader and via Orc Connect, market connections for the Italian Derivatives Market, Italian Stock Exchange, Securitised Derivatives Exchange and the Mercato Alternativo del Capitale. Plans are also under way for non-membership market access via Orc Connect to SEB for the major European and North American financial markets (Euronext.liffe, Eurex and CME-CBOT).

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.

Standard Chartered Bank is now offering the ability to trade foreign exchange via its application programming interface (API), providing FIX connectivity with introductory access to the 360T (TEX) portal.

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Orc Software, provider of technology for derivatives trading and connectivity solutions, has introduced TradElect connectivity for local Italian and firms worldwide affected by the impending merger of Borsa Italiana with the London Stock Exchange. Members of the Italian Exchange are working with Orc Software to streamline market access and meet the LSE’s tight migration schedule for Borsa Italiana. Phase one of the migration is scheduled for September 2008 when stocks traded on the MTA market will be migrated onto the LSE platform.

GL Trade’s GL Connect ASP Liffe-hosted service will soon be connected to the Liffe Connect trading system via NYSE Euronext Liffe’s new 100Mbps high speed access. The GL Connect Liffe ASP service is now entirely run on Linux systems to provide clients with increased levels of performance and reduced latency.

Pure Trading, the Canadian ATS offering a fully electronic continuous auction market, has appointed Transaction Network Services to provide connectivity via its fully managed Secure Trading Extranet. Transaction Network Services is working with Pure Trading to support high capacity, low latency and cost effective connections with new and existing customers. In addition to providing Pure Trading with fast, secure and reliable connectivity, the link to TNS will allow access to TNS’s financial community of interest. TNS’s network incorporates more than 1000 end-points, representing buy and sell side institutions, market data and software vendors, exchanges and alternative trading venues around the world.

Standard Chartered Bank is now offering the ability to trade foreign exchange via its application programming interface (API), providing FIX connectivity (Financial Information eXchange) with introductory access to 360T (TEX).

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