TRADING PACES: ITG Launches POSIT Alert for Asia Pacific
March 27, 2012
ITG launches POSIT Alert for Asia Pacific. Societe Generale hires Orient Capital for investor relations. Broadridge adds exchange-traded options to Gloss. Renaissance Capital chooses Fixnetix for access to London. ULLINK adds order management to Santiago Bolsa DMA.
ITG: The research broker has launched its POSIT Alert trading platform in Australia, Hong Kong and Japan.
The platform sources large blocks and actively alerts buyside traders to liquidity that matches orders on their trade blotter. It is reportedly designed to prevent information leakage on large orders, maximize trading success and reduce market impact by matching at price midpoints without negotiation. The platform is available on ITG’s Triton execution management system and is integrated with ITG Algorithms.
SOCIETE GENERALE SECURITIES SERVICES: The financial services provider has hired Orient Capital to provide investor relations services to SGSS’s securities registry clients.
Orient’s services include share ownership analysis, market intelligence, investor communication and shareholder management technology. Its share register analysis service is delivered via its proprietary online platform “miraqle.”
Such functions will allow SGSS’s French issuer clients with detailed information on their shareholders, including foreigners. It will complement the other services SGSS provides its issuers, including employee stock plan administration, shareholder meetings, share registry and corporate events.
BROADRIDGE FINANCIAL SOLUTIONS: The processing system vendor has expanded the multi-asset processing capabilities of its Gloss trading and settlement system, in particular, adding post-execution transaction processing for exchange-traded options.
Gloss can already handle such asset classes as equities, fixed income, treasury instruments and derivatives. With the new enhancement, the system now can model and process exchange-traded options for currencies, equities, index and interest rate futures. It also allows for a variety of trading functions, including capture, position-keeping, both manual and automatic exercise and assignments. Gloss also automates the close-out and end of day settlement and provides support for the margin calculations.
The new functionality will be available in April. Users can combine with other Broadride systems, like the PROactive reconciliation and commission management tool, to create a post-execution platform that can be accessed via the Broadridge Service Bureau or in an outsourcing arrangement utilizing Broadridge’s local offices.
FIXNETIX: Renaissance Capital has chosen trading system vendor Fixnetix to provide ultra-low latency trading, market data and exchange collocation for London.
Renaissance Capital is an investment bank focused on the emerging markets of Russia, the Commonwealth of Independent States, Eastern Europe, Asia and Africa. The Firm offers its clients access to these markets through financial centers such as London, New York and Hong Kong.