Deutsche Boerse to Offer Machine-Readable Ratings
September 12, 2012
The German exchange operator announced an exclusive agreement with Fitch Ratings to deliver credit rating notices in machine-readable format, with low latency. Perseus Telecom it acquired ETradeLab, a Sao Paulo-based provider of hosting, managed connectivity, order routing and trade monitoring support.
Flextrade Systems said NYSE Technololgies will distribute its FlexEdge predictive analytics platform. Miller Tabak has consolidated its trading infrastructure with Fidessa Group.
DEUTSCHE BOERSE: The German exchange operator announced an exclusive agreement with Fitch Ratings to deliver credit rating notices in machine-readable format, with low latency.
The ratings will be delivered in its AlphaFlash news feed. The Fitch Ratings feed will initially provide sovereign debt rating announcements including changes in outlook. Other forms of credit ratings will be added later.
Users can feed the ratings directly into their risk management tools and unwind positions, when flags are raised.
“The Euro debt crisis has brought credit worthiness to the forefront of everyone’s attention. By adding Fitch ratings data, we are enabling AlphaFlash clients to instantly react to rating changes, which can have a huge market impact,” said Georg Gross, Head of Front Office Data & Analytics at Deutsche Boerse.
PERSEUS TELECOM: The provider of international trading connections said it acquired ETradeLab, a Sao Paulo-based provider of hosting, managed connectivity, order routing and trade monitoring support.
Terms were not disclosed.
The purchase aims to respond to demands for low-latency connectivity and local support for banks, hedge funds and proprietary firms.
Marcos Guimarães, founder of ETradeLab, becomes president of Perseus Telecom, Brazil. “
FLEXTRADE SYSTEMS: The provider of broker-neutral, multi-asset execution and order management systems said NYSE Technololgies will distribute its FlexEdge predictive analytics platform.
FlexEdge supplies intraday volume forecasts on equities, for use by sell-side and buy-side institutions. These volume forecasts can help clients manage slippage costs, improve order sizing, and reduce tracking errors on volume-weighted average price trading programs.
FlexEdge Features, available via NYSE Technologies, include:
• Intraday bin volume, enhanced volume profile, and end-of-day volume forecasts.
• Forecasts for 3000 U.S. equities and ETFs every minute.
• The ability to use forecasts algorithmically, visualize graphically, or display on the blotter.
• Cutting of volume forecast error 20-25% compared to the historical average across the top 3000 equities.
MILLER TABAK: The institutional trading firm has consolidated its trading infrastructure with Fidessa Group.
Fidessa’s trading platform will consolidate Miller Tabak’s management of equity orders, trades, positions and market access.
Fidessa will also provide middle office services such as client allocations and confirmations.
Miller Tabak also gets access to Fidessa’s broker network, back office interfaces to market data providers, and a complete set of advanced trading tools including Bluebox, its algorithmic trading engine solution, as well as its pairs trading module and global basket trading capabilities.