CFTC chair outlines areas of focus, says looking at direct market access


Washington DC – Gary Gensler, chairman of the Commodity Futures Trading Commission, said that after implementing the bulk of its derivatives market reforms, the regulator is now focused on compliance and enforcement, international harmonisation, and final rule-makings.

via Pocket http://www.automatedtrader.net/headlines/144129/cftc-chair-outlines-areas-of-focus–says-looking-at-direct-market–access August 02, 2013 at 04:16PM

Perseus Brazil Debuts Market-To-Market Liquidity Platform LiquidPath®


Perseus Brazil Debuts Market-To-Market Liquidity Platform LiquidPath®

http://perseustelecom.com/services/products/liquidpath-brazil/

LiquidPath® combines the Perseus award winning connectivity solutions with the Perseus global market-to-market ultra low-latency network. LiquidPath is a fast and cost effective solution for the deployment of the necessary equipment needed to be staged in foreign markets so that customers do not have to manage the complexities of having “feet on the street” in new emerging markets.

Perseus Telecom customers see a variety of advantages when choosing LiquidPath:

Through efficient and high-performance trading infrastructure ideal for staging Market Data, Order Management (OMS) as well as Algorithmic and High-Frequency-Trading equipment, customers can benefit from state 0f the art equipment ready to be turned on as a service.

Due to complex and static environments Perseus can offer proximity services for Direct Market Access (DMA) platforms, helping customers getting trading with exchanges or counter parties fast, saving time and money.

Customers can enjoy having balanced IT investments with LiquidPath® making it easier to plan and allocate IT expenditures for trading emerging or foreign markets.

“Liquidity Infrastructure” for local and global buy-side, sell-side and service vendors looking to access the Brazilian Securities marketplace.

LiquidPath combines the Perseus award winning fastest connectivity solution with the Perseus Global Market-to-Market ultra low-latency network . LiquidPath is a fast and cost effective solution for the deployment of trading infrastructure into foreign markets so that your firm does not have to manage the complexities of local “feet on the street” in new markets you may want to trade.

Perseus Telecom customers see a variety of advantages when choosing LiquidPath:

Efficient and high-performance trading infrastructure ideal for staging Market Data, Order Management (OMS) as well as Algorithmic and High-Frequency-Trading equipment.

Complex and static environment optimal in colocation and proximity services for Direct Market Access (DMA) platforms. Well balanced IT investments – support for planning of IT expenditures.

LiquidPath Brazil

Perseus Telecom Brazil helps customers meet their requirements for low-latency market access and cost efficient IT products and services saving both time and money.

Infrastructure

  • Exchange proximity colocation
  • Hardware as a service
  • Ultra-low latency connectivity
  • Elasticity (up and downsizing)
  • Managed and Professional Services

Connectivity

  • CT1 – 1st BVMF DC (30µs)
  • CT2 – 2nd BVMF DC (5ms)
  • SP2 / RJ1
  • Internet / Last Mile
  • Global Liquidity Centers Access

Market-To-Market

3-Market-To-Market

HIGH PRECISION TRADING IN COMPLEX MARKETS

Perseus Telecom is an award winning global provider of connectivity and services. We work with best of breed fiber assets globally. Perseus provides customers with the right

network solution at the right price. Whether connecting trading desks to exchanges, establishing global wide area networks, or connecting from Europe and North America to emerging markets in Latin America, Asia and Africa; our customers have the competitive advantage that comes with innovation and experience in finance, banking, technology, law, e-commerce, multi-site enterprise, pharmaceutical, media and telecom sectors.

CFN Services Announces TradingHUB Providing Global Access to Liquidity Venues with One Single Connection


CFN Services Announces TradingHUB Providing Global Access to Liquidity Venues with One Single Connection

 

http://low-latency.com/article/cfn-services-announces-tradinghub-providing-global-access-liquidity-venues-one-single-connec/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-20

Newswire | June 18, 2013 – 1:51pm

CFN Services, a leading provider of managed IT services to the financial services industry, announced the debut of TradingHUB, the company’s highly secure cloud connecting liquidity venues worldwide with one single connection. As a vital source of connectivity for leading, security-conscious financial services players, TradingHUB safely connects buy-side and sell-side firms to global liquidity, while providing access to the advanced trading, analytics and data services available on CFN’s Alpha Platform.

A single connection to any of the 50 global TradingHUBs deployed across the Alpha Platform enables clients to simply and affordably connect to key liquidity venues and trading partners across asset classes eliminating the need for expensive and complex market access networks, colocation and hardware. In markets with Alpha Platform Direct Connect (APDC), clients utilizing TradingHUB can leverage APDC’s low-latency direct market access and raw, full depth of book feeds from leading global exchanges. TradingHUB reinforces CFN’s reputation as an innovator in the evolving, financial markets for high performance automated trading solutions.

“We’re excited to introduce TradingHUB, providing clients a more secure, agile and affordable means of accessing to today’s financial markets. Through a single connection, TradingHUB opens the door to hundreds of financial markets, leading intermediaries and tier-one trading partners around the globe,” said Paul Edelmann, Senior Vice President, Professional Services, CFN Services.

This addition to the portfolio of Alpha Platform offerings demonstrates CFN’s commitment to client-driven innovation, security and high performance. Since last year, CFN has delivered Alpha Platform

On-Demand, the first, globally-distributed, high performance public cloud for the global financial markets; enabled market access over the fastest point-to-point wireless technology; and launched Alpha Platform Direct Connect, the company’s direct market access and market data platform.

“In addition to exchange colocation facilities, we are pleased to announce the expansion into Telx’s two facilities on their Clifton, N.J. data center campus, which offers a unique set of differentiated features for the capital markets. Effective today, with a single TradingHUB connection, clients can connect from any venue, to any venue quickly and reliably on the Alpha Platform,” added Edelmann.

 

Strategies_for_DMA_and_algorithm_collaboration.aspx


http://thetradenews.com/USA/Expert_Opinions/2012/February/Strategies_for_DMA_and_algorithm_collaboration.aspx.

Azul Systems Teams-Up with Rapid Addition to Deliver Low Latency, Jitter-Free Trading Engines


Rapid Addition, a leading provider of trading technology to buy- and sell-side financial institutions, has joined forces with Azul Systems, the award-winning supplier of high-performance and elastic Java Virtual Machines (JVMs).

via Pocket http://www.bobsguide.com//guide/news/2013/May/21/azul-systems-teams-up-with-rapid-addition-to-deliver-low-latency-jitter-free-trading-engines.html May 23, 2013 at 07:56PM

The Latin American Market Data and Trading Company Announces Direct BM&F BOVESPA Connectivity


The Latin American Market Data and Trading Company Announces Direct BM&F BOVESPA Connectivity

http://low-latency.com/article/latin-american-market-data-and-trading-company-announces-direct-bmf-bovespa-connectivity

Latin American trading services provider CMA has announced a new delivery method for direct BM&F and BOVESPA market data and trading connectivity for International firms.

CMA has been providing BM&F and BOVESPA market data for over thirty five years to the trading community of Brazil.It now has leading exchange trading software services in Spain, Mexico, Colombia, Peru, Argentina and Chile with 20,000 subscribers worldwide. Today, CMA’s platforms such as CMA Series 4 have been rolled out on an impressive network called “CMA Redes Digitais.” The Redes Digitais infrastructure is installed and directly connected within the exchange’s datacenter for the lowest possible latency.

Today’s announcement by CMA represents the launch and deployment of a directly connected infrastructure at the BM&F BOVESPA in São Paulo, Brazil with the CMA datacenter in New York. Companies can now co-locate their routers and servers with CMA at the BM&F BOVESPA datacenter or chose to receive the raw market data over CMA’s multi-gig private lines which terminate at CMA’s datacenter in New York City. The offering was developed to help firms trading with counter parties in São Paulo or for going directly to the exchange’s trading systems in a Direct Market Access (DMA) fashion.

Many firms need to bring market data back to the USA and in return send trades messages to the exchange in Brazil. In both cases planning, paperwork and relationships are needed in order to complete the set-up. CMA is a certified exchange vendor able to help participants with the required documentation needed by the exchange to receive market data and to send trade messages. CMA also provides the relationships and connectivity to Brazilian brokers who can handle orders for foreign firms.

“CMA’s market visibility as a prime vendor of the exchange and to 90% of the exchange’s broker dealers allows for our customers to be installed, up and running and trading as fast as possible,” Mario Chuman, General Manager of CMA commented. “International firms rely on us to help them with both exchange and broker connectivity, enabling market data and trading right from our switches in São Paulo which are now directly connected to our New York datacenter.“

CMA is utilizing the fastest Trans Atlantic cable systems available, giving connectivity managers the security they require for proper networking, the lowest possible latency for competitiveness, multi-market/asset availability and an array of choices in being able to do so. Connectivity managers can now expand their market reach with CMA as they look to join both the BM&F BOVESPA Equities and Futures markets at roughly 50% lower IT and communications costs than other offerings which generally only provide one feed stream and one market at a time. CMA’s solution is the most cost effective, fastest and easiest way to implement an electronic trading solution for Brazilian securities.

 

CQG to Offer Day One Connectivity to NASDAQ OMX NLX


Denver, CO, April 29, 2013 – CQG, Inc. will offer low-latency, hosted connectivity to NASDAQ OMX NLX (“NLX”).

via Pocket http://news.cqg.com/news/2013/04/cqg-nlx-pressrelease.html May 08, 2013 at 08:03PM

Bank of America Merrill Lynch goes live on AlgoSpan’s INTER EXCHANGE AlgoNet


http://www.atmonitor.co.uk/news/newsview.aspx?title=bank-of-america-merrill-lynch-goes-live-on-algospan-s-algonet

Bank of America Merrill Lynch goes live on AlgoSpan’s AlgoNet

Published on   Apr 17, 2013

logo
AlgoSpan, the specialist market infrastructure provider, is pleased to announce that Bank of America Merrill Lynch has gone live with AlgoSpan’s European low latency exchange market access platform, “AlgoNet’.

From January 2013, Bank of America Merrill Lynch clients have been able to access AlgoSpan’s low latency pan-European inter-exchange network, including co-location at all major venues.

Dr Rami Habib, co-founder and director of AlgoSpan, quotes: “It’s not only HFT firms that are looking to enhance execution quality by faster access to markets, and high quality and low latency market data. We are seeing large hedge funds and money managers that in the past were not so focussed on low latency execution now investing heavily in research and development to optimise execution and reduce slippage. Good quality DMA access is the first point of this research. Bank of America Merrill Lynch, being a leading global DMA provider is now able to offer exchange access across the AlgoSpan low latency European network as one of Bank of America Merrill Lynch’s key infrastructure providers.”

Tony Walker, Managing Director, European Execution Services at Bank of America Merrill Lynch, said: “We are committed to providing the fastest possible DMA infrastructure for our clients and we are delighted to add AlgoSpan as one of our infrastructure providers.”

Otkritie Teams with SunGard to Deliver DMA Service Including Algo Trading


http://low-latency.com/blog/otkritie-teams-sungard-deliver-dma-service-including-algo-trading/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-04-18

blog | April 16, 2013 – 2:14pm | By Sarah Underwood

Russian institutional broker Otkritie Capital is working with SunGard to deliver a direct market access (DMA) service that supports automatic real-time currency conversion from the Russian Ruble to the US Dollar, as well as client access to Russian trading venues using Otkritie’s suite of algorithmic trading strategies.

The companies completed work on the service in March and it is now live and automatically available in all SunGard Valdi and FIX-enabled trading applications and to the SunGard Global Network community. SunGard reports that some of its clients are using the service and more are expected to join, trading through Otkritie using both manual and automated services.

Otkritie is the first broker in Russia to offer its algos to both its own and SunGard’s clients as part of an automated trading service run over the SunGard network. But it is not expected to be the last as trading interest in Russia gains traction and the Russian market seeks to mimic western European markets.

The currency element of the DMA service automatically converts Russian ruble denominated transactions executed on Moscow Exchange’s Micex order books into U.S. Dollar execution fills, allowing clients to be currency neutral and avoid the complexities of ruble clearing and holding.

According to Serge Alexandre, sales director, international electronic trading services at Otkritie, “At Otkritie, we have always pioneered new electronic trading services for Russia and we intend to continue delivering innovative products and services to our clients. Partnering with SunGard to offer this conversion and algorithmic offering will enable our clients to leverage Otkritie’s expertise on Russian capital markets and, ultimately, enable them to benefit from and facilitate new trading in Russia.”

SunGard has worked in Russia’s capital markets for over a decade, providing connectivity for firms outside the country to trade on Russian markets and supporting Russian firms trading on Russian and international markets. For many years, Russian stock has been traded on Moscow exchanges and the London Stock Exchange’s international order book, but over the past couple of years, political desire to create a financial centre of excellence in Moscow has led to the merger of the RTS exchange into Micex, efforts to pull trade back from London to Moscow and the elimination of some of the complexities around trading in Russia, including T+0 settlement. The result is a more westernised trading environment aimed at attracting more international investors and including T+2 settlement and support for initiatives such as Otkritie’s new DMA service.

Philippe Carré, global head of connectivity at SunGard Capital Markets, says: “Brokers like Otkritie are tying to give western European clients access to the kinds of technology they are used to trading with in European markets. Many use algos to trade on exchanges, but not many brokers offer algo trading services in Russia. Otkritie is making its approach to the Russian market more standardised, while maintaining its knowledge of how the Russian market works. This allows electronic traders to operate as they do elsewhere and our clients to take advantage of what the broker can offer when trading in Russia.”

PhillipCapital opens direct market access to India’s National Stock Exchange


Orc, a leading provider of technology and services for the global financial industry, today announced that PhillipCapital, India (PhillipCapital) has deployed Orc Access to meet the growing market demand for low-latency connectivity in India.

via Pocket http://www.bobsguide.com//guide/news/2013/Mar/5/phillipcapital-opens-direct-market-access-to-indias-national-stock-exchange.html March 06, 2013 at 09:34PM

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