Barclays Launches Sponsored Access; Orc Creates FIX Subsidiary
March 8, 2010
Barclays Capital will be the first broker to offer sponsored access using Nasdaq OMX Europe's advanced pre-trade risk management system.
Clients are able to connect either via a hosted service or through remote access.
"As the European trading landscape evolves, we continue to work closely with trading venues in order to offer new and innovative solutions to our clients," said Robert Orgel, head of Barclays Capital's Quantitative Prime Services product in Europe. "Sponsored access complements our market leading (direct market access) platform, SubM, providing ultra-low-latency access to equities, futures and options markets globally."
Nasdaq OMX Europe is a multilateral trading facility that runs on Nasdaq's INET low-latency matching engine. Approximately 1,200 securities are traded, including components of the main European indices, exchange-traded funds and other highly liquid securities.
Orc Creates FIX Subsidiary
Orc Software, a provider of technology for advanced trading and connectivity, has established a dedicated CameronFIX subsidiary to be called CameronTec.
The new organization will allow Orc to provide greater responsiveness as use of the Financial Information Exchange protocol expands worldwide, the firm said.
"The establishment of CameronTec reflects our conviction that customer needs, marketing and sales initiatives, as well as the further development of the CameronFIX offering will be best served by a dedicated organization," said Thomas Bill, CEO of Orc Software. "There are obvious synergies between the various Orc technologies, and we will continue to fully leverage these."
CameronTec operates from offices in London, New York, Chicago, Paris, Hong Kong, Sydney and Stockholm.
Advent Upgrades Portfolio Exchange
Advent Software said it released Advent Portfolio Exchange (APX) 3.0, expanding access to data and more flexible creation of custom reports.
Key features of APX 3.0 include use of Microsoft SQL Server Reporting Services for "complete flexibility" in creating custom reports, expanded data access to improve client service and manage operations more efficiently and enhanced client relationship management features, according to the provider of software and services for the global investment management industry,
This makes the new release "a valuable tool to help manage operations, grow assets and strengthen client relationships," said Michele Holton, director of product marketing at Advent.
Fidessa LatentZero Extends Analytics
Front-office systems supplier Fidessa LatentZero has signed a new agreement with analytics provider FINCAD to make it possible for customers to better value assets.
Under the new partnership, users will be able to value all fixed-income and derivatives instruments in their portfolios through the LatentZero platform, using FINCAD's industry-standard analytics.
FINCAD Analytics was previously integrated into the derivatives module of LatentZero, but will now be available across all types of assets. This will allow users to calculate prices and cash flows, including in money market investments and bonds.
FINCAD, based near Vancouver, specializes in valuation, pricing, risk assessment and cash flow forecasting tools for financial firms.
