The Securities and Exchange Commission’s (SEC) 14 July deadline for compliance with its Rule 15c3-5, which governs pre-trade risk management, and the ongoing MiFID Review in Europe were highlighted as key concerns by panellists at A-Team Group’s Business & Technology of Low-Latency Trading (BTLLT) event in London this week. High frequency traders are especially concerned about the extension of MiFID to many new areas as a result of the review process, said Benjamin Stephens, electronic trading and quantitative prime brokerage origination at Nomura International.
Fidessa has introduced a trading analysis tool that combines with the consolidated trading view provided by its Fragulator solution (see more on its launch last year 
In the first of a series of special reports on brokers’ electronic trading initiatives, Sarah Underwood looks at Instinet’s plans for expansion in Europe.
Instinet has rejuvenated its electronic trading platform in Canada by customising existing technologies used elsewhere for the local market and adding an inter-listed smart order router (SOR) that will simultaneously optimise an order across both Canadian and US exchanges, alternative trading systems and dark pools. The company also intends to expand its presence in Canada with an alternative trading system that is pending regulatory approval, but is expected to be introduced in the first half of 2011.
SmartTrade Technologies has named Daiwa Capital Markets as its first Japanese customer, having worked with the broker to deploy its liquidity management system (LMS) in the final quarter of 2010.
High frequency traders face the possibility of draconian regulation if recommendations in the European Commission’s review of MiFID make it through public consultation and into a final Commission proposal, which is expected to be adopted in spring 2011.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
Investment strategy solutions supplier TG Optima has introduced a quantitative investment optimisation platform that integrates investment and trading strategies and aims to deliver optimal portfolio construction and best execution depending on strategy objectives and risk constraints. Called Investment Optimizer, the platform allows portfolio managers and traders to work together using the same data to inform investment and trading strategies.
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