Borsa İstanbul to announce new major partner in two months

Borsa İstanbul to announce new major partner in two months.

MDX Technology partners with CJC for professional services and support

MDX Technology, Ltd. (MDXT), the leading provider of real-time market data connectivity solutions for traders, today announces a global partnership with CJC. CJC is the world’s premier independent market data and trading system technologies consultancy.

via Pocket May 16, 2013 at 07:50PM

IPC launches app development partner programme

The Affinity Partner Program will offer a framework for vendors and customers to develop collaboration and trading workflow applications using IPC’s Blue Wave development platform for Unigy.

via Pocket May 15, 2013 at 07:22PM

AlgoFast Plans to Build Up Partner Program and Push Down Latency

AlgoFast Plans to Build Up Partner Program and Push Down Latency

blog | May 7, 2013 – 10:26am | By Sarah Underwood

AlgoFast’s first partnership with another independent software vendor, trade routing, market data and technical analysis specialist CQG, takes the company a step closer to its ultimate goal of providing its algorithmic event trading software to the online retail market.

The partnership allows CQG to supply AlgoFast’s software with its global market data and trade execution capabilities. In practice, AlgoFast software receives real-time market data from CQG’s feed through the CQG Integrated Client or Trader API and then integrates the data with its indicators to power algorithmic execution strategies.

From a marketing perspective, the partnership extends AlgoFast’s reach into CQG’s customer base and provides its clients with access to CQG’s network of more than 40 co-located hosted exchange gateways. To date, the AlgoFast software, which was introduced in July 2012, has supported trading only on the Chicago Mercantile Exchange (CME).

AlgoFast founder Justin Bouchard, explains: “The novel event-based trading capabilities of AlgoFast will provide CQG’s user base with the ability to set predetermined trading strategies based on economic indicators from over 30 countries. AlgoFast’s existing user base executing on the CME is eager to take advantage of the exchanges offered on the CQG network.”

As well as partnering CQG, Algofast will continue to sell its software directly to clients including professional traders and proprietary trading firms that want to access futures exchanges using event-based trading capabilities. Both Algofast and CQG are offering a low-cost trial period for prospects and customers that would like to experience event-based algorithmic trade execution. Algofast reports some traders are already paying for the AlgoFast service, but notes that the numbers are not where it would like them to be, although this will remedied to some extent by its arrangement with CQG.

Bouchard says the company needs to gain traction with professional traders before approaching the retail market and, on this basis, is looking to secure more partnerships. One is expected to be forged with an online broker pretty soon, while the company is also writing an API to the functionality of another online broker.

As well as building market penetration, AlgoFast is developing its product and technology. The product relies on a machine readable news service from Dow Jones, but the company plans to integrate additional services over the next few months.

It is also working to improve latency. Bouchard says: “Latency is very important to AlgoFast. The software can execute in microseconds, but it could go faster and it will.” He acknowledges that a major consideration in news-based trading latency is the time it takes to deliver the news to the software and the barrier of the speed of light, but says it is possible to make a big difference to latency.

He explains: “We are talking to microwave and millimetre wave providers as they offer faster connection than the fibre connections we use now. Some news providers are also looking at ways to deliver news faster, so we are also talking to them. And we are considering how to take news from its origin and replace the connectivity used by the news provider with something faster. This could push latency down quickly.”

About the Author


Sarah has been working as a reporter at A-Team since 2010. Her focus is on Reference Data Review, but she also contributes to, and Before joining A-Team, Sarah worked as a journalist and editor in the consulting and technology markets. She was the New York launch editor for Kennedy Information’s Consulting magazine and launched, edited and produced Penton Europe’s IT consultant and m-Commerce World publications. A long time ago, she was editor of UK weekly broadsheet Computing.

NASDAQ OMX and World Steel Exchange Marketing Announce Strategic Partnership

NEW YORK, May 6, May 06, 2013 (GLOBE NEWSWIRE via COMTEX) — The NASDAQ OMX Group, Inc. /quotes/zigman/86035/quotes/nls/ndaq NDAQ +0.

via Pocket May 07, 2013 at 06:48PM

BRQ and SmartStream Partner to Strengthen Operational Efficiency and Control for Financial Services…

BRQ to distribute SmartStream’s market leading financial reconciliation solutions, provide local support and implementation services for firms in Brazil Leverage BRQ’s banking, capital markets, and cards and payments expertise to implement global best practices for Brazilian firms BRQ, a leadin

via Pocket April 26, 2013 at 12:10AM

World business, finance, and political news from the Financial Times

From WORLD 10:32pm Cyprus banks to stay closed for days

via Pocket April 26, 2013 at 12:03AM

RTS Discusses Partnership with KVH

RTS’ very own Andy Woodhouse discusses the strategic partnership with KVH. RTS chose KVH for its ultra low-latency, robust data centers and thorough knowledge of the Japanese market.

via Pocket April 25, 2013 at 07:29PM

Tradable and First Derivatives Announce Strategic Partnership

Award-winning trading platform tradable has agreed a strategic partnership First Derivatives, a leading provider of software and consulting services to the capital markets industry.

via Pocket April 19, 2013 at 06:49PM

eFront Expands into India by Partnering with Everstone, a Leading Alternative Investment Firm

eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that it has formed a partnership agreement with its first India-focused client.

via Pocket March 21, 2013 at 07:19PM

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