Wolverine Execution Services, the agency brokerage affiliate of the large market maker, launched two new algorithms: WEX VWAP and WEX Basket VWAP.


Wolverine Execution Services, the agency brokerage affiliate of the large market maker, launched two new algorithms: WEX VWAP and WEX Basket VWAP.

Both algorithms utilize a logic that seeks to minimize market impact and price slippage. WEX VWAP and Basket VWAP timeframes can be set to as short as five minutes or as long as the entire trading day. They do not require other user-defined parameters and settings, eliminating the need for time-consuming user configurations and inputs.

The VWAP algo works orders using Wolverine’s ‘Best X’ proprietary execution logic to spread trades along a historical volume distribution within a specified time period.

The Basket VWAP algo is designed to work with long/short equity or market neutral baskets. It manages executions for basket or index components using Best X logic and historical volume distributions. When executing long/short baskets this approach strives to keep the basket neutral throughout the execution, the company said in a statement.

Kevin Kernan

“The addition of these new algorithms is in direct response to client requests to marry the proprietary logic of Best X with a VWAP strategy,” said Kevin Kernan, WEX director of product development. “The superior performance our clients have seen from WEX Best X when compared to other arrival price algorithms was a key driver in creating these new algorithms for clients that use a VWAP strategy.”

The algorithms are available via the WEX electronic trading platform or any other FIX-compliant execution or order management system platforms.

For more information on related topics, visit the following channels:

Linedata, Alpha Omega form alliance on post- trade processing solutions


Linedata, the global solutions provider dedicated to the investment management and credit industries, and Alpha Omega Financial Systems, provider of FIX protocol based post-trade software solutions, have formed a partnership which will provide buy side clients with another alternative to supportin

via Pocket http://www.theasset.com/article.php?news=TA&id=24643 July 09, 2013 at 07:25PM

CameronTec’s FIX Catalys Muscles in on Central and Eastern Europe


CameronTec’s FIX Catalys Muscles in on Central and Eastern Europe

http://www.bobsguide.com/guide/news/2013/Jun/19/camerontecs-catalys-muscles-in-on-central-and-eastern-europe.html

CameronTec providing CEE Stock Exchange Group with connectivity technology and trading infrastructure to manage and support the entire trading lifecycle.

CameronTec, the global standard in connectivity technology and trading infrastructure today announced that CEE Stock Exchange Group (CEESEG) has selected the Catalys line of products.

The Vienna Stock Exchange established the central execution interface (CEESEG FIX) for the four CEESEG members (Vienna, Budapest, Ljubljana and Prague). It also acts as market data hub for the six “cooperation” exchanges of Banja Luka, Belgrade, Bucharest, Macedonia, Sarajevo and Montenegro, and a further three energy exchanges in Eastern Europe.

CameronTec’s Catalys infrastructure will provide the CEESEG with an open-standard-based and centrally managed platform to truly harness performance, data interoperability, and business insight. This five year agreement includes CatalysTrade Front Ends, Market Data Layer and EnBS / ETS Adapters which will enable the exchange to seamlessly monitor, manage and control the entire order and trade flow as well as the market data flow from all respective venues. Catalys is underpinned by CameronTec’s market-leading connectivity technology, and engineered on the widely acknowledged standard in FIX engines, CameronFIX.

“CameronTec looks forward to further expanding its valued partnership with CEESEG for the long-term to provide state of the art FIX connectivity and trading infrastructure for what is undoubtedly the largest exchange operator in the region. We look forward to working with Wiener Börse to bring the broader benefits of Catalys to all members of the CEE Stock Exchange Group,” comments Anders Henriksson, CEO for CameronTec.

Catalys is designed to further empower brokers, banks and the buy-side to aggregate, view and manage related trade data. FIX transactional data and also latency, risk and operational data, all from a multitude of disparate third party systems, gateways and applications. Earlier in 2013 CameronTec announced latest technology enhancements included in Catalys v2.1, designed to further expand the Catalys offering and addressing critical areas of the deal life-cycle – pre-trade, trade and post trade, for a complete, modular FIX infrastructure platform built to address multi-asset, multi-market trading.

OnixS Announces the OnixS .NET FIX Engine Version 3 Release


Onix Solutions (OnixS), a leader in high performance Direct Market Access market data and order routing software solutions, today announced Version 3 of the OnixS .NET FIX Engine and FAST Encoder/Decoder SDK for the Microsoft .NET Framework.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/11/onixs-announces-the-onixs-net-fix-engine-version-3-release.html June 15, 2013 at 07:16PM

The Asset – Magazine-Facilitating Growth in Asia through Shared Services


The Asset – Magazine-Facilitating Growth in Asia through Shared Services.

Liquidnet and Capital Group complete first post-trade via FIX Protocol


 

Liquidnet and Capital Group complete first post-trade via FIX Protocol

http://www.automatedtrader.net/news/at/142877/liquidnet-and-capital-group-complete-first-post_trade-via-fix–protocol

Liquidnet and Capital Group extend FIX into confirmation and allocation

New York – Liquidnet and Capital Group have become the first broker and asset manager combination to successfully complete the post-trade lifecycle by utilizing the FIX Protocol.

FIX Protocol has been considered a reliable, open and independent industry standard for years, with many asset managers and brokers adopting the technology for front office messaging pertaining to executions and orders. More recently, some asset managers have also chosen to use FIX to communicate their allocations to their executing brokers. The extension of FIX into confirmation and affirmation by Liquidnet and Capital Group marks the first use of FIX for the complete post-trade life-cycle.

“At Liquidnet we are constantly searching for new ways to partner with our Members and provide them with value-added solutions to their everyday needs,” said Paul McSherry, Head of US Trading Operations at Liquidnet. “By employing FIX Protocol, we now have a reliable and highly customizable tool that enables us to further cater to the buy-side community’s evolving needs of minimizing cost, diversifying risk and processing trades seamlessly.”

“When we first took on this project, we were looking for an alternative to our current post-trade process. Leveraging our existing front office FIX infrastructure for confirmations seemed an efficient and cost effective solution” said Darrin Vallone, Vice President of Operations at Capital Group. “We put together a great team to work on this project and what they were able to accomplish in such a short time is impressive.”

“FIX Protocol provides buy and sell-side firms with a standardized approach for more effective management of risk issues, enhanced transparency, reduced costs and greater efficiencies for equities post-trade processing,” said Courtney McGuinn, FIX Protocol Operations Director. “We’re thrilled to see early adopters expanding their use of this technology to increase efficiency in the post trade environment.”

SEF_protocols_central_to_market_choice.aspx


http://thetradenews.com/USA_Features/The_Big_Idea/SEF_protocols_central_to_market_choice.aspx.

Technology Testing: The Automation Imperative :: TabbFORUM – Where Capital Markets Speak


Technology Testing: The Automation Imperative :: TabbFORUM – Where Capital Markets Speak.

DGCX ICV application process, and approved ISV’s.


DGCX ICV application process, and approved ISV’s.

http://dgcx.ae/content/Home.en.About_Us.Independent_Software_Vendors.aspx

Independent Software Vendors

 

Who is an ISV (Independent software vendor)?
An Independent Software Vendor (ISV) is a business term for companies specialized in making or selling software products catering to specific business segments. Specialized products generally offer higher productivity to organizations than more generalized software. In essence, the more applications that run on a platform, the more value it offers to customers. DGCX encourages and lends support to ISVs through a special Empanelment process to develop front end application for trading on DGCX platform.

How to become an ISV
In order to provide better flexibility to members, DGCX will allow ISVs to write their code based on exchange provided FIX API (Financial Information eXchange Application Processing Interface).

The Exchange empanels Independent Software Vendors (ISVs) for providing “Private Order, Risk Management & Trading Software” (PORTS) to Members of the Exchange.
ISVs desirous of being empanelled with the Exchange shall be evaluated on the basis of various criteria including background, infrastructure, systems etc.

Procedures for empanelment
The ISV shall make an application to the Exchange for empanelment in the prescribed format and execute an undertaking prescribed by the Exchange.
– Application Form
– Criteria for Empanelment
– Guidelines for submission and format of undertaking.

Subject to the ISV meeting requirements of the Exchange and on receipt of the duly completed application form, undertaking along with the fees, the FIX protocol Version 4.2 based Application Programming Interfaces (APIs) will be provided to ISV. ISVs will be required to upgrade the product/software as and when the Exchange migrates to a higher version of FIX protocol.

List of approved ISVs

Financial Technologies Middle East 
1310, Tiffany Tower,
Jumeirah Lake Towers,
P.O. Box 212010,
Dubai, UAE

Contact Person 
Business Development Manager
Email: support@ft-me.com
Tel: +971 4 4330622
Fax: +971 4 4224365
www.ft-me.com

Patsystems (UK) LTD.  
Cottons Centre,
Hays Lane,
London, SE1 2QP

Contact Person
Sales Desk
Email : sales@patsystems.com
Tel: +44 (0)20 7940 0490
Fax: +44 (0)20 7940 0499
European and Middle-Eastern Sales:
+44 (0)20 7940 0470

RTS Realtime Systems Inc.
311 South Wacker Drive,
Suite 980,
Chicago,IL 60606

Contact Person
Steffen Gemuenden – President & CEO 
Tel: +1 312 630 9006
Fax: +1 312 630 9679
Email: sales.all@rtsgroup.net
www.rtsgroup.net

  SunGard Global Trading
41st Floor,
25 Canada Square,
London, E14 5LQ,
United Kingdom
Contact Person 
Ryan Keough – Managing Director
Tel: +44 (0)20 8081 3290 
Email: info.globaltrading@sungard.com
www.sungard.com/globaltrading
Orc Software 
63 Queen Victoria Street,
London, EC4N 4UA,
United Kingdom
Contact Person 
Lee Griggs VP Sales UK, France and the Middle East 
Tel: +44 (0)20 7942 0950
Email:  Lee.Griggs@orcsoftware.com
www.orcsoftware.com
FlexTrade UK Ltd  
130 Fenchurch St
London EC3M 5DJ
UK
Contact Person 
Sales
Tel: +44 (0) 20 7929 2332 (ex. 424)
Email:  sales_eu@flextrade.com
www.flextrade.com
FFastFill
70 Wilson Street,
London,
EC2A 2DB,
UK
Contact Person
Caroline Davis  
Tel: +44 (0)20 3002 1922
Email: sales@ffastfill.com
www.ffastfill.com
Omnesys Technologies Pvt Ltd.
Omnesys House,
5/B 1st Main Road,
Electronics City,
Bangalore, 560 100 
India

Contact Person
Anant Pandit
Tel: +91 80 6665 7800
Email: marketing@omnesysindia.com
http://www.omnesysindia.com

  GREEKSOFT TECHNOLOGIES PVT. LTD.
507- Kanakia Western Edge-1,
Western Express Highway,
Borivali (E), Mumbai.
India – 400 066.
 
Contact Person
Nirav Mehta – Marketing Head
Tel: +91 22 4042 1025
Mobile: +91 91671 97731
Email: nirav.mehta@greeksoft.co.in

Rahul Yesale – Marketing Manager
Tel: +91 22 4042 1007
Mobile: : +91 96642 14907
Email: rahul.yesale@greeksoft.co.in
www.greeksoft.co.in

MetaQuotes Software LTD.
21 Iridos Street,
Mesa Yitonia,
MetaQuotes Building,
4th Floor,
Limassol,CY-4004
Cyprus
 
Contact Person
Sales Desk
Tel: +357 25 875135
Email: sales@metaquotes.net
www.metaquotes.net
AUTOMATED TRADING SOFTTECH PRIVATE LIMITED.
B-33, 3rd Floor, New York Tower, Nr. Thaltej Cross Roads,
Thaltej, Ahmedabad-380054,
Gujarat. INDIA.
 
Contact Person
Mr. Pradip Shah
Tel: +91 079 6777 2222
Support: +91 909 990 56 94/95
Email: info@autotradetech.com
Email: support@autotradetech.com
www.autotradetech.com
CQG, Inc.
Independence Plaza
1050 17th St., Suite 2000
Denver, CO 80265.
 
Contact Person
CQG Sales
Tel:  US Sales: 1 800-525-7082
       Singapore Sales & Support: +65 6494-4911
       United Kingdom Sales: +44 (0) 20-7827-9500

Email:tellmemore@cqg.com
Email: tellmemore@cqg.com
www.cqg.com

Object Trading
CentralPoint
45 Beech Street
London
EC2Y 8AD
United Kingdom
t: +44 (20) 3239 0032
f: +44 (20) 3004 2330

Contact Person
Gerry Turner, Executive Director
Business Enquiries +44 (20) 3239 0032
Support +44 800 051 6869

Email:Gerry.Turner@objecttrading.com
www.objecttrading.com

 An Independent Software Vendor (ISV) is a business term for companies specialized in making or selling software products catering to specific business segments. Specialized products generally offer higher productivity to organizations than more generalized software. In essence, the more applications that run on a platform, the more value it offers to customers. DGCX encourages and lends support to ISVs through a special Empanelment process to develop front end application for trading on DGCX platform.   

 

FIX Protocol Ltd Encourages Industry To Participate In The Review Of A New Representation Of FIX Designed To Support High Performance Trading


FIX Protocol Ltd (FPL), the non-profit, industry-driven standards body at the heart of the global electronic trading community, today publishes a working document which illustrates how FIX could be used to more effectively support the needs of trading venues and other environments where high spee

via Pocket http://www.mondovisione.com/media-and-resources/news/fix-protocol-ltd-encourages-industry-to-participate-in-the-review-of-a-new-repre/ June 03, 2013 at 06:56PM

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