Aperio Chooses Linedata OMS
Investment management firm Aperio Group expects to implement Linedata’s Longview order management system (OMS) by the end of the first quarter of 2017, says Lisa Clossey, a project manager and business analyst at Aperio who worked on the firm’s choice of Linedata as an OMS provider. Aperio plans to replace internal systems and use Linedata...
Itarle Forges Algo Distribution Deal with Celer Technologies
By Zoe Schiff Itarle, a global provider of white labeled, multi-asset algo trading and smart order routing capabilities, has signed a distribution agreement with London-based Celer Technologies. The arrangement is part of Itarle’s strategy of partnering with leading order and execution management systems. Under the terms of the deal, Itarle will release new algorithms through...
Thomson Reuters Returns to the EMS Market Through Acquisition of REDI Holdings
Thomson Reuters is returning to the execution management system (EMS) space through a definitive agreement to acquire REDI Holdings and its flagship EMS that provides broker-neutral, cross-asset trade execution capabilities for the buy-side trading community. Here at ITT, we flagged the imminent acquisition of REDI by Thomson Reuters back in June and, sure enough, the...
Consortium with the Enemy
By Dan Barnes Capital markets are built on the bones of old consortia. Now, the revolution expected of securities markets from the adoption of distributed ledger (DL) or blockchain technology, which offers transparent and irrefutable transaction chains, is in the hands of five such groups, many with common members. Blockchain could make some industry processes...
New Focus on Order Routing
By Dan Barnes Order routing technology is about to become considerably more important as regulators demand greater transparency over sell-side order routing and buy-side best execution obligations. “We’ve really seen this in terms of higher depth of reporting, with clients saying ‘Give me all the data you can give me and stream it in real...
Talking Intelligent Trading with Andrew Delaney: Is Thomson Reuters REDI to Return to OMS/EMS Space?
One tidbit doing the rounds at our highly successful Intelligent Trading Summit in New York last month was Thomson Reuters’ imminent acquisition of Redi Global Technologies, the OMS/EMS business originally launched by Spear, Leeds & Kellogg then spun off by SLK owner Goldman Sachs to a consortium of investment bank owners, including Bank of America,...
Fidessa Partners Alpha Omega to Support FIX-Based Post-Trade Processing
Fidessa has partnered Alpha Omega to tackle the cost and inefficiency of post-trade affirmation processing, promote use of the FIX protocol, and grow its global trading network. The partnership integrates Fidessa’s post-trade Affirmation Management Service (AMS), an industry utility that provides low-cost affirmation processing as an alternative to central matching, and Alpha Omega’s FIX based...
Fidessa Adds Prospector Liquidity Tool to Optimised Trading Initiative
Fidessa has added Prospector, a liquidity tool that helps high-touch traders discover trading and crossing opportunities, to its Optimised Trading initiative. Products already offered as part of the initiative include Fidessa’s Order Performance Monitor, which allows users to monitor live orders simultaneously and identify outliers in real time, and OTAS Market Analytics, which provides insights...
After the Gold Rush: Challenges in Finding Liquidity for Today’s Sales Traders
By Kurt Huhner, Vice President, Business Development – Americas, Fidessa Sales trading lends itself to one of the things that the human brain does better than any computer – pattern recognition – making the leap between potential buyers and sellers. But the role has undergone some fundamental changes over the past few years and, in...
SimCorp Connects Its Order Manager to Bloomberg’s EMSxNET?
SimCorp and Bloomberg today announced that SimCorp’s Order Manager has joined the partnership network of Bloomberg EMSxNET, a FIX network that provides order routing to brokers connected to the Bloomberg Professional service. EMSxNET not only provides order routing facilities for SimCorp’s Order Manager customers, but also publishes trade data securely back into the customer’s Bloomberg...