First Derivatives’ Haste to Acquire Cognotec Raises Questions Around Transaction

The emergence on February 3 of Dublin-based financial technology company First Derivatives as suitor of foreign exchange trading platform Cognotec, which entered receivership on January 22, has left the marketplace scratching its head as to how developments moved so quickly.

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09 Feb 2010
 
Trading Beyond the Horizon: Fragmentation Drives Multi-Market Execution

A new industry briefing from A-Team Group and CFN Services

CFN Whitepaper 01 10 150x210In 2010, financial markets participants will continue to expand their trading activities as liquidity increasingly becomes fragmented, seeking alpha in new markets, best execution in dark pools, arbitrage opportunities across the order book and by implementing high frequency and complex, multi-leg, cross asset class strategies.

The successful operations – whether they be the proprietary desks of traditional broker/dealers, specialist high frequency and algorithmic traders, or quantitative hedge funds – will leverage a trading infrastructure that combines high performance analytical, algorithmic and order routing platforms with the lowest latency access to multiple, geographically dispersed execution venues.

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28 Jan 2010
 
Citi Taps RTI Middleware for Algorithmic Trading

Citigroup has deployed low-latency messaging middleware from Real-Time Innovations (RTI) in support of its global equities trading business. RTI officials confirm a new major deployment of its product at a “flagship” customer but decline to name it as Citigroup. Initial rollout is in Manhattan and in Carteret, NJ.

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11 Jan 2010
 
Turquoise Seeks Niche with Addition Of Depository Receipts on MTF Platform

Turquoise’s plan to begin offering trading in depository receipts from next month is illustrative of the kind of specialization the marketplace can expect as competition between multilateral trading facilities (MTFs) grows in intensity.

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29 Sep 2009
 
NYSE Euronext Picks Up Nyfix for Just Over 1 X Revenue

Initial incredulity at NYSE Euronext’s $144 million acquisition of Nyfix – doesn’t it have a dark pool platform already, in the form of SmartPool? – faded to the realisation that the deal is all about access to Nyfix’s not insubstantial buy-side FIX community. Indeed, NYSE Euronext says it “will explore various alternatives for the Nyfix Transactions Services business, including its Millennium dark pool.”

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01 Sep 2009
 
Turquoise Launches TQ Lens Liquidity Aggregation Platform

Even as speculation over its future ownership mounts, Turquoise has gone live on schedule with its liquidity aggregation platform, known as TQ Lens. As news of its owners’ decision to retain UBS to explore options for the multilateral trading facility (MTF) broke, Turquoise went live with TQ Lens, supported by commitments from seven liquidity partners.

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20 Aug 2009
 
Fidessa Reports Robust Revenue, Profit Growth for First Half

Order management specialist Fidessa has reported a 36% rise in revenue for the first half, with operating profit jumping 42% despite what it calls “unpredictable markets.”

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04 Aug 2009
 

 
 

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Podcast: The Data Management Lowdown from TSAM 2010
10 Mar 2010
Video: A-Team Interviews John Jessop About his Book
16 Feb 2010
A-Team Insight Podcast - February 2010
15 Feb 2010
 
Special Report: Connecting to Today's Fast Markets
19 Feb 2010
Trading Beyond the Horizon: Fragmentation Drives Multi-Market Execution
28 Jan 2010
New Cinnober White Paper: Lowering Door-to-Door Latency to 25 Microseconds within 18 months
18 Nov 2009
Electronic Trading Special Report: Machine Readable News and Algorithmic Trading
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New Approaches to Modern Trading Room Design
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A-Team Insight Exchange

A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.

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