Risk Gateway into Canada, Rivalry in India
February 13, 2013
IntercontinentalExchange: ICE, a operator of global markets and clearing houses, and Cetip S.A., Latin America's largest private fixed income depository, announced that the jointly developed fixed income trading platform Cetip | Trader is expected to launch on February 25, 2013. This follows a successful beta test that started in August and final regulatory approval from the Brazilian securities regulator Comissao de Valores Mobiliarios (CVM) today.
Cetip | Trader offers market participants access to voice confirmation, electronic trading and historical data in a single platform. The product has been tested in a simulated trading environment with approximately 80 institutions entering more than 100,000 mock trades. It has been developed for corporate and government bonds, initially.
LSE: The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab. Gatelab's technology supports manual, automatic and algorithmic trading, smart order routing for equities, bonds and high-frequency trading.
GateLab's Traderpath engine is used by the London Stock Exchange Group for the Italian and United Kingdom derivatives markets and the Italian equity and bond market.
The company, which opened its only overseas office in London in 2008, has been searching for a partner to help it expand internationally.
Founded in 1989, privately-owned Gatelab had annual revenues of approximately 4.5 million euros in 2012.
Frontline Data Services: Lightower Fiber Networks will allow Frontline to connect its data center in Orangeburg, N.Y., to the NYSE Euronext market center in Mahwah, N.J.
The ultra-low latency link will allow Frontline to offer co-location and disaster recovery services.
Lightower will offer lit and dark fiber connections, at speeds up to 100 gigabits a second.