FlexTrade announces new integration with OTC Link ATS

FlexTrade announces new integration with OTC Link ATS


First Published 14th August 2013
FlexTrade trading & market making functionality integrates into OMS workflows for sell-side clients

Vijay Kedia, president and CEO, FlexTrade
“Our objective is to address trading needs that are not widely available in the market place.”
Great Neck, NY – FlexTrade Systems, the provider of broker-neutral, multi-asset execution and order management trading systems, has announced a complete integration with OTC Link, a wholly-owned subsidiary of OTC Markets Group, to support trading and market making on OTC Link’s SEC registered Alternative Trading System, OTC Link ATS. The new functionality integrates OTC Link ATS’ capabilities into existing broker-dealer workflows for clients using FlexTrade’s sell-side OMS products.
“We now provide OTC Link’s broker-dealer subscribers with integrated workflows that will improve their ability to manage trading in OTCQX, OTCQB and OTC Pink securities,” said Vijay Kedia, president and CEO of FlexTrade. “Our objective is to address trading needs that are not widely available in the market place.”
The new functionality is available in both of FlexTrade’s sell-side OMS products, ColorPalette and FlexOMS. To access the product, customers need to be OTC Link ATS subscribers as the system uses OTC Link’s OTC Dealer IDs for trading access.
“FlexTrade is excited about the opportunity to work with OTC Link ATS’ subscriber market making firms around a new offering,” said Greg Ludvik, director, ColorPalette OMS. “We believe there is a market need for new alternatives to existing third-party solutions.”

SunGard provides Fox River algos to Silexx EMS

SunGard provides Fox River algos to Silexx EMS


SunGard’s Fox River Execution solutions algorithms now available on Silexx’s Obsidian platform

SunGard’s Fox River Execution Solutions has made its algorithms available to users of Silexx’s Obsidian execution management system (EMS). By providing Silexx customers access to Fox River’s entire algorithm suite, professional traders and risk managers using Silexx will now have the tools to help improve execution quality, as well as provide Fox River customers with the ability to access the Silexx EMS.

“SunGard’s Fox River algorithms will help provide Silexx traders and risk managers with improved fill trade rates and best price and execution. In addition, Silexx can offer customers a cost-effective, front-end gateway to Fox River algorithms.” – Thomas Frey, president, Silexx Financial Systems

“The availability of Fox River’s algos on the Silexx platform will help traders leverage innovation to achieve growth targets by reducing trading cost and risk while increasing execution performance.” – Bob Santella, president, SunGard’s brokerage business

Silexx’s Obsidian platform provides the ability to dynamically generate an interface for all of Fox River’s algorithm parameters, giving users the ability to integrate their algorithms on the Obsidian platform and control the parameters of every algorithm

Prism Valuation Enhances Lat-Am Derivative Valuation Service

Prism Valuation Enhances Lat-Am Derivative Valuation Service


Prism Valuation has recently introduced two enhancements to its Derivative Valuation Service for Lat-Am products. Firstly, it now offers its clients the choice of discounting valuations for Brazilian Real (BRL) CDI zero coupon swaps using a curve constructed from USD/BRL non-deliverable forwards and swaps. This is in addition to the already existing option of allowing forecasting of the forward CDI rates using either an on-shore or an off-shore curve.

The non-deliverable curve discounting option is now being delivered to several clients trading these instruments. In addition, Prism has recently added support for the valuation of Colombian Peso (COP) OIS swaps, which can also be discounted using deliverable or non-deliverable curves. In addition to BRL and COP, Prism currently delivers IRS and other derivative valuations for Chilean Peso (CLP), Mexican Peso (MXN) and Peruvian Nuevo Sol (PEN) in the Lat-Am region.

“Supporting non-deliverable discounting for BRL and other Lat-Am and Asian interest rate swap types reflects Prism’s continuing commitment to providing a flexible, robust framework to meet clients’ derivative valuation requirements. We are always willing to make the effort to broaden our coverage and utilize emerging methodologies in order to deliver the best possible service” comments Keldon Drudge, CEO.


ICAP launches i-Swap in Sterling

ICAP launches i-Swap in Sterling.

Asset Manager PEAK6 Selects SunGard for a comprehensive Portfolio Management and risk system

Asset Manager PEAK6 Selects SunGard for a comprehensive Portfolio Management and risk system


PEAK6 Advisors LLC (“PEAK6”), a Chicago-based asset manager specializing in alternative investments, has gone live with SunGard’s Front Arena and Monis solutions. The solutions help PEAK6 better service its clients by providing customized portfolio and risk management, valuations and trade processing.

SunGard’s Front Arena and Monis help increase operational efficiency by allowing PEAK6 to concentrate on what they do best – delivering returns and achieving agile growth.

“We wanted to ensure we are conducting ongoing due diligence by offering our investors a well-defined investment management system that can handle our assets under management in an efficient way. SunGard’s Front Arena and Monis help mitigate our internal risk and automate our validation processes – giving our investors piece of mind.” – Scott Kramer, chief technology officer, PEAK6

The implementation was completed in less than four months and PEAK6’s requirements were met in terms of open architecture and highly configurable functionalities.

JC Rathbone Selects Quantifi for CVA Analytics

JC Rathbone Selects Quantifi for CVA Analytics


Quantifi delivers leading edge models for fast, accurate CVA pricing and analytics

JCRA leverages Quantifi for CVA analytics

Quantifi, a leading provider of analytics, trading and risk management solutions for the global OTC markets, today announced that as part of their financial risk management services J.C. Rathbone Associates (JCRA) has selected Quantifi as its primary solution for counterparty risk analytics. JCRA is an innovative consultancy firm that provides financial risk management and structured finance advisory services to a broad range of global clients.

JCRA required a comprehensive and intuitive solution that could be rapidly implemented to deliver accurate, transparent and immediate CVA pricing for a range of vanilla and exotic derivatives. After a detailed review, JCRA selected Quantifi based on ease of use, performance, transparency and the high quality of support.

“The combination of Quantifi’s product coverage, modeling techniques and advanced technology has significantly enhanced our counterparty risk management. With the advent of IFRS 13, CVA becomes a required component of derivative valuations for many companies. We sought a proven CVA solution that is reliable, flexible and intuitive but also sophisticated enough to provide real value-added services for our clients. Quantifi proved to be the ideal solution. By leveraging Quantifi’s advanced American Monte Carlo engine we can carry out end-of-day and incremental CVA analysis on complex portfolios. The responsiveness and quality of the support team at Quantifi meant we were up and running within a matter of days,” comments Ivan Harkins, Director at JCRA.

Quantifi provides pricing and structuring for even the most complex OTC products in a fast, flexible and intuitive environment. Comprehensive, powerful and easy-to-use functions cover the simplest calculations to the most advanced pricing and sensitivity analysis. Quantifi’s CVA module utilises the most advanced semi-analytic and Monte Carlo models, making it the fastest, most sophisticated and comprehensive CVA tool on the market. Best-of-breed CVA pricing models reflect current best practice, helping clients correctly price wrong and right-way risk.

Rohan Douglas, CEO of Quantifi, comments, “Advisory businesses need tools that are flexible and easy to use but also sophisticated enough to provide real value-added services for their clients. Quantifi’s tools fulfil this need and provide a competitive advantage in the rapidly changing advisory landscape. We continue to expand the number of advisory firms who adopt Quantifi for pricing and valuations. JCRA continues this trend and we look forward to working with a company that has such well-rounded and experienced professionals.”

OtkritieSecurities Ltd. successfully launches FIX2LSE solution from ARQA Technologies

OtkritieSecurities Ltd. successfully launches FIX2LSE solution from ARQA Technologies

Published on   May 30, 2013

TheFIX2LSE product developed by ARQA Technologies has gone live after it was implemented and successfully launched by Otkritie Securities Limited(OSL).

The solution was developed on the basis of the London Stock Exchange’s Native Trading Gateway. It was certified by the exchange at the end of last year. The FIX2LSE solution is currently the fastest in the developer’s range of similar products(FIX2Markets). Along with all of the products in the range,FIX2LSE may be used for direct sponsored access of external software suites to exchange trading platforms. Another attractive feature of this solution is that itemploys fast pre-trade checksdeveloped inQUIK(for application of real-time pre-trade checks QUIK software is employedasa risk server.)Using this feature allows traders to save up to 50 ?son pre-trade checkspreserving access to all of the prime-brokerage services provided by Otkritie Securities Limited.

This solution is especially important for OSL as a UK broker regulated by the FCA. The European Securities and Markets Authority (ESMA) puts a lot of regulatory pressure on DMA brokers all over the EEA. Mandatory pre-trade checks are one of their requirements. FIX2LSE is a good solution that isboth fast and ESMA compliant.

Sergey Sinkevich, Head of DMA at Otkritie Capital, said: “We are delighted to have implemented such an innovative producton our trading floor. The unique features of this solution will ensure that OSL continues to lead the market”.

Vladimir Kurlyandchik, Director of Business Development of ARQA Technologies, said: “We are pleased to see our efforts bringing value to our clients. Rapid solutions backed up by sound risk control provide a shortcut to successful trading”.

NASDAQ OMX NLX & LCH.Clearnet approved to launch new market – Friday 31st May

NASDAQ OMX NLX & LCH.Clearnet approved to launch new market


Regulatory approvals received for NLX launch on Friday 31st May

Charlotte Crosswell, CEO, NLX

Charlotte Crosswell, CEO, NLX

“NLX has collaborated with the market to develop a unique proposition that brings much needed competition to European interest rate derivatives.”

London – NASDAQ OMX NLX, the new London derivatives market, and LCH.Clearnet have received the necessary regulatory approvals to launch the NLX market on Friday 31st May.

NLX will launch trading of futures products in 3-month EURIBOR, 3-month Sterling, Long Gilt, 2-year Schatz, 5-year Bobl and 10-year Bund. All products will be cleared through LCH.Clearnet.

“We have worked closely with the regulators in our application process and would like to thank them for their efforts and support to create this new market,” said Charlotte Crosswell, Chief Executive Officer of NLX. “NLX has collaborated with the market to develop a unique proposition that brings much needed competition to European interest rate derivatives.

“We look forward to launching a market that provides ease of access, efficiency and the flexibility to respond to customer demand and list new products rapidly.”

Alberto Pravettoni, CEO, LCH.Clearnet’s Repo and Exchanges business said: “We are delighted with this milestone, which further demonstrates the regulatory drive for an open, transparent and competitive market place. We look forward to working with NLX to bring innovative risk management solutions to the European interest rate derivatives market.”

TNS and Raptor Trading Systems Target Latin American Financial Markets

TNS and Raptor Trading Systems Target Latin American Financial Markets


TNS and Raptor Trading Systems Target Latin American Financial Markets


RESTON, Va.–(BUSINESS WIRE)–Raptor Trading Systems and Transaction Network Services (NYSE:TNS) are strengthening their position within the Latin American (Latam) financial markets and opening up access to trade to their North American customer base.

“Using TNS’ resilient and diverse connectivity, the Latam financial community can securely trade without the need for costly infrastructure. Our solutions can be seamlessly integrated and provide a sustainable long term resolution for markets of this type.”

Raptor, the leading provider of client facing trading systems, is working primarily with TNS to allow cross-connectivity through TNS’ secure trading network to the Latam markets that are experiencing a strong growth trajectory.

The strategic partnership between Raptor and TNS will allow both companies to target a growing market that is experiencing a great deal of regulatory change as well as technological advancement being impacted by increasing levels of online trading.

Previously, regulatory requirements constrained the Latam markets, making it difficult for firms to undertake global financial trading activity. Recent changes have included firms replacing legacy vendor and proprietary systems and opting to invest in customizable, low latency trading solutions. These changes have helped them achieve greater operating efficiency and provide a strong platform to compete in.

Teddy Lardos, CEO of Raptor Trading Systems said: “The Latam markets significantly benefit from low latency solutions and our collaboration with TNS allows us to bring that service to market. The joint solution also addresses broker requirements and removes the need for them to upgrade their technology to trade. For a cautious and regulated market, flexible and transparent solutions can be the only way to reach markets such as Brazil, Chile, Columbia and Mexico.”

Alan Schwartz, President of TNS’ Financial Services Division said: “Varied regulations and fluctuating electronic market access has compelled local and international players into seeking flexible and reliable solutions. TNS has the ability to keep up with the increasing rate of change and together with Raptor, are in a favorable position to gain a rewarding position in this fast-paced market.

“Using TNS’ resilient and diverse connectivity, the Latam financial community can securely trade without the need for costly infrastructure. Our solutions can be seamlessly integrated and provide a sustainable long term resolution for markets of this type.”

TNS’ secure trading network represents buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues, via more than 125 points of presence. TNS’ financial services division enables end-users to connect in over 45 countries.

For more information about TNS visit www.tnsfinancial.com.

About Transaction Network Services

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’.

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com



For further information please contact:
Fi Khan/Jo Moorwood
Tel: +44(0)114-292-6458/ 6477
Mobile: +44(0)7730-207146
fkhan@tnsi.com / jmoorwood@tnsi.com

Raptor Trading Partnering with ROFEX for DMA in Argentina

Raptor Trading Partnering with ROFEX for DMA in Argentina


ROFEX & Raptor Trading provide Direct Market Access to Argentina

* Reuters is not responsible for the content in this press release.

Fri Sep 21, 2012 7:00am EDT

ROFEX & Raptor Trading provide Direct Market Access to Argentina

Rosario Futures Exchange (ROFEX), an Argentina-based derivatives exchange is now accessible via Raptor Trading System’s global network


Raptor Trading Systems Inc, a global leader in advanced connectivity platforms and solutions announced today that it is set to be the first international provider of Direct Market Access (DMA) to the Rosario Futures Exchange (ROFEX), an Argentina based derivatives exchange. This joint offering provides seamless and low latency access for global clients to directly access ROFEX.

Latin America is experiencing significant growth and increased liquidity across asset classes, this trend will continue as there is improved access to exchanges such as ROFEX. Raptor Trading’s global network provides participants with access to all major markets in Latin America, including Argentina, Brazil, Chile and Colombia. The joint offering provides global traders with low latency access to ROFEX, which can be seamlessly integrated within a client’s systems and networks.

ROFEX has long been a pioneer in the Argentinian trading space and was one of the earliest adopters of FIX. “Raptor trading will help ROFEX globally expand through it’s state of the art gateway, we are excited to work with a provider who has a strong and established client base in the region and across the globe,” said ROFEX CEO, Mr. Diego Fernandez. “This new product offering will enable clients to directly and efficiently access the Argentinian derivatives markets, with unprecedented speed and service.”

“The combined offering from Raptor Trading and ROFEX provides more than a network or trading platform it provides a comprehensive set of valuable services using the most advanced and efficient technology available,” said Teddy Lardos CEO of Raptor Trading. “ROFEX is one of the leading exchanges in the region, and Raptor Trading is proud to count them as a partner in our network.”


Rosario Futures Exchange (ROFEX)
Ismael Caram
Chief Operations Officer
Email: icaram@rofex.com.ar
Raptor Trading Systems Inc.
Sunny Kim
Global Director Sales & Consulting
Email: Info@Raptortrading.com
Phone: 410-772-7867

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