Bank of New York Mellon’s Pershing subsidiary will use SunGard’s Brass low-latency, dedicated Consolidated Ticker Plant (CTP) solution for its U.S. equities trading business.

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Korean-based broker Samsung Futures has rolled out Orc Software’s Liquidity Access solution to increase its bandwidth capabilities and provide customers with high throughput connectivity to Korean markets. According to the derivatives trading and connectivity solution provider, the deal was booked in the third quarter of this year.

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Corvil, a technology and market leader in latency management systems for trading network infrastructure, has announced a global deployment of its flagship CorvilNet product in Credit Suisse, one of the world’s leading banks. Corvil teamed with BT to deliver a best-in-class solution for automatic and continuous monitoring, analyzing and optimizing of the Credit Suisse network for low-latency.

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Terra Nova Financial, a specialised financial services firm for trading professionals, has selected SpryWare, to implement their fully managed ticker plant The Market Information Server (MIS) to enhance the speed and flexibility of the trading platforms developed by Terra Nova’s affiliate, Tradient Technologies. MIS is SpryWare’s low latency market data solution, which takes in direct exchange feeds, normalises the data into a standardized format, organizes the information into a database, and distributes the normalized data through third party direct market access applications.

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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.

Technorati Tags: UniCredit Markets & Investment Banking, Tibco, Tibco Rendezvous, high frequency trading, program trading

Man Investments, provider of alternative investment products and solutions, has deployed InfoDyne’s TPS+Plus feed handlers - featuring direct exchange feeds, ultra low latency middleware, entitlements, Excel integration and a compliment of managed service options - for Bloomberg’s B-Pipe on Demand (BPOD) datafeeds. The solution provides integration of BPOD within Man’s existing RMDS production system. InfoDyne’s TPS+Plus BPOD feed handlers integrate Bloomberg’s global datafeed with Reuters RMDS system, making Bloomberg’s information available to standard RMDS displays and other RMDS applications. The solution allows customers to interactively subscribe to the subset of data they need from the Bloomberg datafeed, performs field and data translation and makes access to Bloomberg’s data cost effective and efficient, InfoDyne claims.

InfoDyne News Release

Technorati Tags: Man Investments, InfoDyne, TPS+Plus, Bloomberg, B-Pipe on Demand, BPOD, Reuters, RMDS

Forex Capital Markets (FXCM) has completed its migration from legacy messaging solutions and is in firm-wide production with 29West’s messaging technology in its Forex System Selector system. FXCM services more than 100,000 trading accounts with subsidiaries in London, Hong Kong and Tokyo. Yuri Miroshnikov, CTO of FXCM, says: “We started working with 29West in 2005, and had systems in production in 2006. The success of these deployments made it clear we needed to move to the 29West Latency Busters Messaging (LBM) solutions firm-wide for all our low latency messaging needs. We have used a number of other solutions in the past, but the combination of performance, next generation design and world class support made 29West the clear choice.”

29West News Release

Technorati Tags: 29West, Forex Capital Markets, FXCM, Forex System Selector, messaging middleware, Latency Busters Messaging solution, LBM

Eight European financial institutions went live on November 1 with the MiFID-compliant best execution solution UL SMART from France-based connectivity provider Ullink, and according to the vendor the execution latency they are achieving is impressive. Among the eight firms are Banco Santander, CM-CIC Securities, Jefferies, KAS Bank and SEB. “After a full week in production at eight client sites, we are witnessing exceptionally low levels of best execution latency, down to 2 milliseconds for large volumes at one of our Tier 1 brokers,” says Georges Gomes, CTO of Ullink. “Our strategy of embedded decision making and market data caching proves the right choice: it allows our clients to comply with MiFID best execution requirements without sacrificing the execution latency of their existing solution,” he adds.

Ullink News Release

Technorati Tags: Ullink, MiFID, best execution, UL SMART, Banco Santander, CM-CIC Securities, Jefferies, KAS Bank, SEB, market data caching

Fixed-income investment management firm PIMCO has selected RTI´s messaging middleware to expand the functionality and enhance the scalability of PIMCO´s compliance-checking software.
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London-based Mitsubishi UFJ Securities International (MUSI) is leveraging Aleri’s Streaming Platform and Sybase’s Real-Time Analytics Platform (RAP) to implement a tick-capture solution to support its increasing algorithmic and strategy trading.
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ABN Amro Capital Markets is using Vhayu Technologies‘ Velocity CEP software to provide real-time and historical VWAP calculations and trade volume profiles for its proprietary equities trading business. The implementation involves integration with Reuters RMDS and ABN Amro’s own order management system. The bank is also using Velocity’s tick capture engine capabilities to store tick data for access by a Mantas provided compliance system.

Vhayu News Release

Technorati Tags: abn amro, vhayu, reuters rmds, mantas, complex event processing, event stream processing

A number of Designated Primary Market Makers (DPMs) on the CBOE Stock Exchange (CBSX) have implemented Activ Financial’s ActivFeed Direct platform. Activ is delivering market data to various specialist applications for CBSX DPMs including Susquehanna Investment Group, LaBranche and Van der Moolen.
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Commerzbank Corporates and Markets (CBCM) has implemented Aleri Labs’ Streaming Platform to power their new foreign exchange pricing application. CBCM’s “FX Pricer” analyses a host of real-time information, and applies proprietary tick by tick validation logic and data cleansing algorithms. The engine calculates CBCM’s prices using a variety of Aleri functions as well as auditing all data and events. The calculated prices are interactively managed by CBCM’s FX traders who have the ability to control the Aleri streams using an in-house developed user interface.

Aleri’s ability to rapidly implement its technology was key to its selection. “We had an aggressive deadline for getting this project underway, but we wanted more flexibility than an off-the-shelf product could offer,” says Klaus Hoffmann, Head of Foreign Exchange, CBCM. “Aleri was able to meet our requirements. The platform had us up and running quickly, while providing the flexibility we need to deliver the performance that this market requires.”

Real-Time Innovations (RTI), will supply its high-performance messaging middleware to Automated Trading Desk, LLC for market-data distribution. ATD will be using RTI’s middleware to distribute real-time data from direct-exchange and Electronic Communication Network (ECN) feeds to its price-prediction engines, automated trading applications and order-management system.

RTI News Release

Wombat Financial Software has signed a global licensing agreement with TD Securities for its low latency market data distribution and integration software. TD Securities is replacing its current market data distribution system with the Wombat Platform in its Chicago and London offices.

Wombat’s middleware platform provides an integration layer that can be combined with a variety of messaging technologies, such as TIBCO’s Rendezvous as used by TD Securities.

Wombat News Release

From A-Team Group’s Transaction Networks & Technologies, February 2007: HypoVereinsbank (HVB), part of the Unicredit Group, has gone into production with a cross-asset database system built using technology from Kx Systems to support its proprietary trading desks in Munich and London. The custom solution, running on 64-bit hardware, is being used to capture and analyze millions of streaming market ticks for immediate real-time analysis and to perform complex analytics on historical data.

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From A-Team Group’s Transaction Networks & Technologies, January 2007: Nyfix Inc has implemented Skyler Technology’s C3 Database for its new order book server to handle what it terms “drastically increasing quote and order book data volumes”. The deal marks Skyler’s first major contract since it entered the high-performance financial data handling space last summer.

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