TECH TICKER...
ITG Rolls Out Liquidity Guard
March 6, 2013
ITG’s introduces safeguards against gaming in its dark pool. Strategic partnership delivers cost-effective cloud solution for voice archiving. Orange Business Services - Trading Solutions provides audio archives. Sponsored Funds trading segment on SIX Swiss Exchange
ITG: The independent execution and research broker has announced the rollout of Liquidity Guard, which includes safeguards against gaming in its POSIT dark pool.
POSIT's Liquidity Guard operates on two levels: prevention and detection. Liquidity Guard proactively avoids executions with ‘’toxic’’ orders by comparing current market activity against historical trading, identifying abnormal pricing. Liquidity Guard also analyzes trades upon completion, using advanced logic to highlight outliers which could indicate potential gaming activity.
POSIT, POSIT Alert buy side block crossing and ITG's full suite of algorithms are available via ITG's Triton\ execution management system and also via a Financial Information Exchange connection to ITG from third-party trading systems.
Orange Business Services - Trading Solutions: The provider of convergent voice and electronic trading infrastructure introduced today the first cloud-based voice record archiving service. The offering is being made in partnership with Bloomberg Vault.
The collaboration integrates Bloomberg Vault, Bloomberg’s cloud-based information management service for enterprise communications, with voice services from Orange Business Services - Trading Solutions to manage data stored by customer-site voice recording systems. Under the partnership, Orange Business Services - Trading Solutionsenables the integration of voice data into Bloomberg Vault to produce electronic records in near real-time.
The integrated cloud service from Orange Business Services - Trading Solutions and Bloomberg Vault will be available to regulated industries that can leverage new or existing voice recording infrastructures. Orange Business Services - Trading Solutions' voice capability will feed Bloomberg Vault with data from phone calls stored in the voice recording systems. Once Bloomberg Vault has archived this data, compliance personnel will be able to execute a single search across all data formats such as email, instant messages, Bloomberg messaging, mobile, social media, proprietary messaging formats, and now voice records, to produce a consolidated transaction-record mapped to counter-parties.
Orange operates electronic trading infrastructure in more than 50 countries across 1,300 trading floors.
This integrated voice recording service is supported by Bloomberg and Orange Business Services - Trading Solutions for clients globally.
Numerix: The provider of cross-asset analytics for derivatives valuations and risk management announced its Numerix CrossAsset Server (CAS). Numerix CrossAsset Server extends the features of Numerix CrossAsset – the widest commercially available library of market standard valuation and risk models – into an in-memory, gridded server platform that both sell-side and buy-side firms can use to compute pre-trade pricing, Mark-to-Market, Greeks, sensitivities, cash flows as well as Market Risk and Counterparty Credit Risk measures.
