Javelin OTC Derivatives Establishes Presence in Telx’s Chicago Data Center

Javelin OTC Derivatives Establishes Presence in Telx’s Chicago Data Center


Telx, a leading provider of global interconnectivity, cloud enablement services and datacenter solutions, today announced at SIFMA Tech 2013 that Javelin Capital Markets, an OTC derivatives execution platform, has leveraged Telx’s network & interconnection rich Cloud Connection Center, “CHI1” at 350 East Cermak Road, Chicago, Illinois, providing Javelin with access to Telx’s extensive Financial Services community. As a colocation and interconnection client in Telx’s strategically located data center in downtown Chicago, Javelin can now offer Telx’s financial community high-performance connectivity to derivatives execution platforms for Interest Rate Swaps and Credit Default Swaps. Javelin offers both anonymous electronic and voice-hybrid methodologies for trade execution.

Newly formed Swaps Execution Facilities (SEFs), that have emerged as aspects of Dodd-Frank become implemented, are incorporating their services in secure data center environments. Low-latency connectivity is a critical component for the OTC Derivatives market linking SEFs and Central Counterparty Clearing (CCPs). With CCPs being located in Chicago, the proximity of Telx’s CHI1 facility at 350 East Cermak provides financial customers with high-performance and flexible connectivity to Javelin as well as to other SEF engines from a single location.

“As aspects of Dodd-Frank become cemented in the financial community, the need to establish SEFs in secure environments is a crucial step for our eventual classification as a Swap Exchange Facility,” said Michael Black, MD of Infrastructure of Javelin. “Telx’s ability to provide us with access in their premier Chicago facility, and their proximity to the clearing venues, swaps execution facilities, and buy-side participants put us in a strong market-leading position to service current and future clients.”

“We are excited to have Javelin join the expanding Telx financial ecosystem in our CHI1 facility. Javelin’s secure exchange platform with a state of the art user interface is well positioned in the rapidly changing OTC Derivatives market,” said Shawn Kaplan, general manager of Financial Services for Telx. “In recent months we have seen an increasing number of trading systems turn to Telx and our CHI1 facility, most recently with the announcement of Sky Road joining Telx’s financial community. Javelin and other industry leading financial institutions at 350 East Cermak benefit by connecting with other financial institutions in the facility, which allows them to offer their full suite of services with flexible connectivity to current and future clients.”

Telx’s CHI1 facility, located in the South Loop of the Chicago Central Business District, provides customers with the financial eco-system at 350 Cermak, one of the leading financial eco-systems in the world. As the operators of the “Meet-Me-Room,” and one of the largest colocation providers at the CHI1 facility at 350 Cermak, Telx provides industry leading data center and connectivity services for the global financial community.

Attendees at SIFMA Tech 2013 in New York City can register to attend Telx’s grand opening event of its new flagship data center, NJR3 in Clifton, New Jersey on June 19, 2013 from 3:00 p.m. to 7:00 p.m. Round-trip transportation will be provided by Telx for all registered guests. The event will feature a keynote address by NFL Legend Phil Simms, along with public remarks Clifton Mayor James Anzaldi, State Senator Nia Gill, and Telx’s Executive Vice President of Engineering and Construction Michael Terlizzi. Cocktails and refreshments will be served, and tours of the new data center will be given.


Kepler Cheuvreux unveils execution offering

Newly formed European agency broker Kepler Cheuvreux has integrated its operations and will leverage its Continental presence and CA Cheuvreux’s execution tools to drive trading operations.

via Pocket http://thetradenews.com/news/Regions/Europe/Kepler_Cheuvreux_unveils_execution_offering.aspx June 12, 2013 at 06:58PM

Comprehensive TCA: A sudden awakening for CIOs

Back- and mid-office environments have seldom been seen as the most exciting of arenas for investment institutions, but one transaction services chief predicts they will become central to discussions of trading efficiency over the coming years – with far-reaching consequences.

via Pocket http://thetradenews.com/Asia_Agenda_Archive/Comprehensive_TCA__A_sudden_awakening_for_CIOs.aspx May 23, 2013 at 07:15PM

S&P Capital IQ RealTime Solutions connects to HKEx

S&P Capital IQ RealTime Solutions connects to HKEx


First Published 22nd May 2013

S&P Capital IQ’s real time solutions extends QuantLINK low latency and co-location hosting services into HKEx Datacentre

S&P Capital IQ’s Real Time Solutions has extended its low latency connectivity and co-location services to Hong Kong Exchanges and Clearing, through its QuantLINK solution.

Buy- and sell-side firms in the region will now have access to the offering, while global clients will gain an optimised data feed and order routing services.

Stephane Leroy, Vice-President, Head of Global Real Time Solutions commented: “Connecting with the HKEx ecosystem marks another important milestone in our growth in the Asian market. We are keen to continue optimising trading performance for both new and established players, while broadening our offering though additional ‘Points of Presence’, particularly in this key region.”

“The extension of QuantFEED to HKEx will provide a robust and reliable service through which to access our high-performance market data system. We welcome the inclusion of S&P Capital IQ’s Real Time Solutions to our hosting services ecosystem,” concluded HKEx Vice President and Head of Hosting Services, Jonathan Leung.

smartTrade’s LiquidityFX Powers SBI Liquidity Market

smartTrade’s LiquidityFX Powers SBI Liquidity Market


Newswire | May 7, 2013 – 3:26pm

smartTrade Technologies, an industry leader in cross-asset liquidity management software and solutions for banks, broker-dealers, asset managers, and large hedge funds, announces today that SBI Liquidity Market, a Japanese leading FX infrastructure solution and liquidity provider, has selected LiquidityFX, smartTrade’s FX trading system to provide the aggregation service and smart order routing to achieve best execution. SBI Liquidity Market chose smartTrade for its proven market reputation, sophisticated technology and rich experience in global market for tier-1 and tier-2 banks, brokers, asset managers and hedge funds.

SBI Liquidity Market will use the aggregation and smart order routing parts of LiquidityFX. LiquidityFX drastically reduces time-to-market for rollout of sophisticated FX trading systems and helps clients to control their IT expenditure thanks to the flat price structure offered by smartTrade.

Tatsuo Shigemitsu, Representative Director and President, SBI Liquidity Market said, “It was imperative for us to develop a robust FX trading system for our high volume client transactions in a short space of time. As our transaction volume has been growing much faster than expected, time was critical and smartTrade’s solution could be deployed very quickly. We have selected smartTrade’s technology also because of their proven track record among global banks and other financial institutions. ”

David Vincent, Chief Executive Officer, smartTrade Technologies said: “We are very pleased to help SBI Liquidity Market introduce the next generation of FX systems very quickly. Our continued progress in Asia demonstrates our tremendous growth both in Asia and worldwide.”


IM Trust Chooses Fidessa for Latin American Expansion

IM Trust Chooses Fidessa for Latin American Expansion


Fidessa group, provider of high-performance trading, investment management and information solutions for the world’s financial community, has announced that IM Trust has selected Fidessa to act as its core technology platform. IM Trust will also be leveraging Fidessa’s extensive global community to support plans for regional and international expansion. The Santiago-based full-service brokerage house will use Fidessa as its sell-side trading system provider on a Software as a Service (SaaS) basis to ensure local and foreign clients receive the highest quality execution with the best electronic trading tools.

IM Trust will be using Fidessa’s trading platform, which has been adapted to comply with local market needs, as its core order management system for seamless straight-through processing of cross-currency trading, order inception, trade routing and confirmation. In addition, it will use Fidessa’s advanced trading tools for algorithmic and basket trading as well as market data services. Following the implementation in Chile, Fidessa will be supporting IM Trust in its future plans for the Andean region, most notably Peru and Colombia.

With this agreement, IM Trust becomes a first mover in terms of providing its clients in the Andean region with the electronic trading tools they require to grow their positions in Latin America. In addition to leveraging these tools, its focus is on providing value to institutional and high net worth clients with a team of analysts whose coverage includes all companies in the IPSA Index, and who periodically issue sector and strategy reports all grounded in fundamental valuation models. IM Trust also benefits from integration with Fidessa’s global connectivity network. One of the largest of its kind, it includes more than 2,650 buy-sides and 650 brokers, connecting IM Trust to a diverse international trading community.

Hernan Arellano, Partner and Head of Equities at IM Trust, explained: “This is a strategic move for us as investors across the world and locally turn their attention to Latin America. We knew we needed the best possible technology to compete in the global markets and offer the best execution service in LatAm. Naturally, we conducted a thorough review of similar solutions and decided Fidessa was a perfect fit for us. Not only is Fidessa’s technology sophisticated and robust, but they are already connected to a significant number of our clients and with the Bolsa de Santiago, which made our decision an easy one.”

Danielle Tierney, Analyst with Aite Group said: “It is great to see Fidessa continuing to expand their presence in Latin America. There is certainly a strong and growing need for proven technology solutions, especially among the growing Andean markets, which should continue to experience impressive growth in market levels and volumes as the exchanges continue to work to develop their internal and external trading infrastructure. Chile is an important hub of expertise from which to also gain exposure to fellow MILA participants Peru and Colombia, and as expansion takes place geographically, as well as in electronic trading, major brokers such as IM Trust will definitely stand to benefit from the use of Fidessa’s comprehensive services.”

Alice Botis, Fidessa’s Head of Business Development in Latin America, added: “As electronic trading takes hold across Latin America, there is a very strong demand for world-class systems to provide advanced trading tools and quality execution services to augment the portfolio of services a broker can provide to their clients. It is our continuing success in these local markets and the drive to provide professional local support that has led to our recent office opening in São Paulo. We are delighted to be supporting IM Trust’s expansion by providing the tools they need to offer the best possible standard of execution in the regional marketplace.”


ConvergEx Group Provides Comprehensive Real-Time Trade Transparency via PerformExSM

ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that PerformExSM, its transaction cost analysis product, now gives customers dozens of new tools to view and analyze every aspect of a trade’s life cycle as it happens.

via Pocket http://www.bobsguide.com//guide/news/2013/Apr/12/convergex-group-provides-comprehensive-real-time-trade-transparency-via-performexsm.html April 14, 2013 at 05:55PM

LMAX Exchange Selects Equinix to Further Enhance Execution Capabilities

Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that LMAX Exchange, the first FSA regulated MTF for spot FX, has selected the Equinix London LD4/5 data center campus in Slough as its primary operational site.

via Pocket http://www.bobsguide.com//guide/news/2012/Dec/6/lmax-exchange-selects-equinix-to-further-enhance-execution-capabilities.html April 07, 2013 at 05:49PM

FFastFill announces further LME trading win with Tullett Prebon

FFastFill plc (LSE: FFA), the leading provider of Software as a Service (“SaaS”) to the global derivatives community, is pleased to announce the signing of Tullett Prebon to its Horizon multi-broker trading network.

via Pocket http://www.bobsguide.com//guide/news/2012/Apr/25/ffastfill-announces-further-lme-trading-win-with-tullett-prebon.html April 07, 2013 at 05:46PM

FFastFill announces further LME trading win with Tullett Prebon

FFastFill plc (LSE: FFA), the leading provider of Software as a Service (“SaaS”) to the global derivatives community, is pleased to announce the signing of Tullett Prebon to its Horizon multi-broker trading network.

via Pocket http://www.bobsguide.com//guide/news/2012/Apr/25/ffastfill-announces-further-lme-trading-win-with-tullett-prebon.html April 07, 2013 at 05:46PM

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