Futures market data and analytics provider CQG will use Progress Apama’s complex event processing (CEP) platform to deliver advanced execution capabilities to its clients, under a deal struck by the two suppliers. The new offering allows CQG users to automatically execute trades that have been signalled within CQG’s analysis tools, invoking tailored algorithms offered through the Apama platform.

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Dow Jones & Co. is to make its high-speed Elementized News Feed via Equinix Inc.’s low-latency Chicago-1 International Business Exchange (IBX) data centre. Beginning December 1, 2008, Dow Jones Elementized News Feed customers will get access to market-moving news delivered in milliseconds. Operating within Equinix’s Chicago financial ecosystem will drastically reduce latency by bringing customers within immediate proximity to the data source.

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The recently granted UK FSA regulatory approval for Chi-X Europe will enable trading participants of the multi-lateral trading facility (MTF) to offer the option of providing their clients with sponsored access, a direct technical connectivity that does alter the legal status between the new exchange operator, its trading participants and their end clients.

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Altera Corporation has announced that HPC Platform of Paris, France, has selected two members of the Stratix II FPGA family for use in its ultra-low latency system for market data processing, algorithmic trading and complex financial product valuation acceleration.

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Twelve founder subscribers have signed up to a new co-location service from the Australian Stock Exchange (ASX) which promises to deliver the lucky dozen sub-millisecond access to the exchange’s ITS trading engine – vital for DMA and algorithmic trading.

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By Andrew Delaney, Editor, A-Team Insight Quarterly, A-Team Group

It’s June, so it must be Sifma. A bit early this year, so we’ll all have to go back to work afterwards, rather than taking a much needed vacation in the Hamptons. But never mind, there’s lot’s to do. How come? Well, when we read the mainstream press, our hearts fill with gloom at the prospect of another downturn. Cancelled projects. Friends out of work. No more nice lunches. It’s just no fun.

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Low latency networking solution provide Corvil, has installed 20 appliances globally for Deutsche Börse Systems (DBS), measuring latency between the DBS’s Frankfurt data centres and all Eurex access points worldwide.

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Capital Markets Consulting is incorporating Activ’s market data feeds into many of its customised client solutions, following a deal between the companies that aims to meet increasing demand for customised solutions in capital markets.

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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, low latency execution capabilities, integrated market data and co-location Data Center.

Portware News Release

Technorati Tags: Portware, Genesis Securities, low latency execution, algorithmic trading, co-location

Progress Software has launched the Progress Apama Smart Order Router (SOR) Accelerator, enabling traders to create proprietary order routing strategies that intelligently select execution venues from among exchanges, multilateral trading facilities (MTFs) and dark liquidity pools. With the SOR Accelerator, institutions can now create aggregated views of market liquidity and capitalise on that liquidity with low latency trading algorithms that make real-time order routing decisions. The Apama SOR Accelerator helps both sell side and buy side firms address the stringent and complex regulatory demands of Europe’s MiFID and the US’s RegNMS for best execution, Progress claims.

Progress News Release

Technorati Tags: Progress Software, Progress Apama, Progress Apama Smart Order Router, smart order routing, trading algorithms, MiFID, RegNMS, best execution

Quanthouse, provider of end-to-end systematic trading solutions, has selected Atrium Network, provider of technology for global financial services firms, to deliver its low latency market data solutions to hedge funds. Atrium Network’s clients can now access the main European and US equity and derivatives markets by leveraging Quanthouse’s end-to-end low latency solutions including direct market access, feed handler technology and a proprietary fibre optic network for transatlantic data transport.

Technorati Tags: Quanthouse, Atrium Network, direct market access

Gissing Software, the solution specialist in the routing and transformation of real-time market and trade data recently acquired by Reuters, says the new alternative investment platform, launched by Malbec Partners, is using its technology as its core infrastructure. The system went live on November 1 2007. Mike Vieyra, CEO, Gissing Software, says: “The buy side demand for flexible, low latency market data infrastructures will continue to be a driving force for our business in 2008.”

Gissing Software News Release

Technorati Tags: Malbec Partners, Gissing Software, Reuters, quantitative algorithms, market data infrastructures

QuIC Financial Technologies, provider of risk management, pricing and financial analytics solutions, has partnered with Intel for testing of Intel’s new Harpertown quad core 45Nm processors. QuIC’s testing of Intel’s new Harpertown processors showed promising double digit performance improvement results in client risk management and simulation trials, the partners say. QuIC’s testing also found that in using its latest generation of 45Nm quad-core IntelXeon processors, Intel has managed to deliver ultra low latency and significant performance increases in algorithmic trading, direct market access and market data delivery.

QuIC News Release

Technorati Tags: QuIC Financial Technologies, Intel, Harpertown quad core 45Nm processors, IntelXeon, algorithmic trading, direct market access, market data delivery, risk management, financial analytics

Interactive Data Corporation’s Real-Time Services business is to provide a range of low latency data to General Welfare Group. By integrating Interactive Data’s PlusFeed into its proprietary trading applications, General Welfare Group will have access to low latency data from the North American financial markets. This data will help support General Welfare Group as it designs, develops and implements its trading strategies.

“We made the decision to switch from our previous data provider because of the speed, data coverage and flexibility offered by Interactive Data’s PlusFeed,” says Richard Cooper, managing director, General Welfare Group.

Interactive Data News Release

Technorati Tags: General Welfare Group, Interactive Data Corporation, Interactive Data Corporation Real-Time Services, PlusFeed, algorithmic trading

RTS Realtime Systems Group (RTS) has entered into an agreement with The Bond Buyer’s RapiData to become the first ISV to provide its users with direct access to RapiData’s new low latency digital economic data feed. The agreement enables RTS to offer users of its algorithmic trading tool, RTD Tango, the ability to incorporate economic news releases into their automated trading strategies – enabling them to instantly react to new information about US inflation, employment, productivity and other indicators.

RTS News Release

Technorati Tags: RTS Realtime systems Group, The Bond Buyer, RapiData, RTD Tango, algorithmic trading

Deutsche Börse Systems has deployed the latest Corvil 4.0 technology to monitor network performance and support Deutsche Börse Group’s new Eurex market data service to be launched this month. The significant growth in order and quote volumes requires a low latency network that ensures swift data dissemination. “Eurex’s new market data dissemination is a crucial service that is going to significantly enhance our support to algorithmic trading,” says Christian Leis, head of networks at Deutsche Börse Systems. “In a highly competitive landscape where time equals money, even the slightest delay on the network can make the difference for our customers between making a trade or not. With Corvil 4.0 we are now able to monitor our worldwide network on a sub-millisecond basis.”

Corvil News Release

Technorati Tags: Deutsche Börse Systems, Deutsche Börse, Eurex, Corvil, Corvil 4.0, network monitoring

Progress Software Corporation, supplier of application infrastructure software has integrated the Progress Apama algorithmic trading platform with the FXall foreign exchange ECN Accelor. This connectivity will enable fast and easy access to the Accelor platform, the vendor says. The Apama algorithmic trading platform enables traders to create, test, deploy and manage customised algorithmic strategies. Clients who use the Apama platform now have a wider view of liquidity pools from a single screen and can rapidly develop and directly deploy high-frequency FX strategies that capitalise on proprietary trading techniques.

Progress News Release

Technorati Tags: Progress Apama, FXall, Accelor, foreign exchange, FX, algorithmic trading

Interactive Data’s PlusFeed, its low latency consolidated real-time digital datafeed, will provide data for US domestic equities, futures and commodities markets to support Financial Mechanics’ automated trading strategies.

Financial Mechanics, an emerging hedge fund manager located near San Francisco, utilises complex mathematical algorithms designed to identify securities trading opportunities. The company will launch its first fund this month.

PlusFeed will also deliver real-time spot and forward FX rates for currencies provided through Interactive Data’s GTIS Service; a service with global over-the-counter prices contributed by market players in the foreign exchange, precious metals, energy, money and fixed income markets. Financial Mechanics has also selected Interactive Data’s historical intraday tick and end-of-day data for back testing its trading strategies.

Interactive Data News Release

Technorati Tags: Financial Mechanics, Interactive Data, PlusFeed, GTIS, automated trading

Addressing the worldwide demand for proprietary trading algorithms among capital market firms, Truviso has released its Algorithmic Trading Solution, combining SQL-based continuous event processing, real-time as well as historical data analysis, and zero latency algorithmic decisioning on a single platform. With the Truviso Algorithmic Trading Solution, buy and sell side traders can now develop, test, execute and evaluate proprietary trading strategies in one algorithmic framework, the vendor says.

Truviso News Release

Technorati Tags: Truviso, algorithmic trading, proprietary trading strategies, complex event processing

Exchange feed provider Essex Radez has introduced the latest extension to its Clarity tick history service. Joining the Clarity-Live offering, which provides intraday tick history on all domestic exchange feeds, the new Clarity-HD offers algorithmic and other application developers interactive API access to all quote, trade and administrative messages sent over direct exchange feeds since August 2006. Feeds include OPRA, all domestic equity exchanges and ECNs, all domestic futures exchanges and others.

Essex Radez News Release 

Technorati Tags: Essex Radez, tick history, direct exchange feeds, OPRA