Friday, February 15, 2013

TECH TICKER??? Risk Gateway into Canada, Rivalry in India

February 13, 2013
Laton McCartney

ACTIV is extending its risk controls to cover trades going onto Canadian exchanges. Trading begins on new stock exchange in India .Perseus Telecom: signs CI Casa de Bolsa to its ultra-low latency network between the New York and Mexico City markets. BNY Mellon announces foreign exchange traders can now send orders to the FastMatch communication network. ICE and Cetip S.A expect to launch a fixed income trading platform on Feb. 25. Perseus Telecom will connect from Mexico City to New York. The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab.

ACTIV Financial: The global provider of market data and trading services extending the North American coverage of its ACTIV TradeDeck, to all Canadian exchanges for equities, options and futures. ACTIV TradeDeck provides an ultra low latency pre-trade risk gateway, through which to send trade instructions. The service is designed to help market participants address the Canadian regulations that will require pre-trade risk checks across all asset classes starting in March.

TradeDeck offers full broker control over pre-trade risk, with real time intraday adjustment, order monitoring and a kill switch for all trading activity. The service includes extensive credit controls that allow intraday margin calculations.

MCX-SX: India's new stock exchange started trading shares on Monday with thin volumes. MCX-SX is trying to win market share from dominant player National Stock Exchange (NSE) and the smaller and older BSE Ltd.

As of late Monday morning, the value of shares traded on the MCX-SX was 1.5 million rupees ($28,000), its web site showed, compared to 34.3 billion rupees on the NSE.

Brokers are cheering on MCX-SX, which quickly built one of the country's top commodity bourses, in the hope it will push down trading costs and drive development of trading stocks.

Perseus Telecom: The communications firm has signed CI Casa de Bolsa to its ultra-low latency network between the New York and Mexico City markets. The launch of this partnership represents a landmark development as the fastest trading route between the two marketplaces and creates new opportunities for trading firms across the globe.

CI Casa de Bolsa, a leading Mexico City-based brokerage house, has a global client base seeking liquidity in the Mexican marketplace..

BNY Mellon: The investment management and investment services firm announced that foreign exchange traders in its Global Markets group are now capable of sending FX orders to the FastMatch electronic communication network (ECN).

Based on the matching technology underpinning Credit Suisse's Crossfinder dark pool, FastMatch is designed to give traders access to large pools of diversified liquidity at high speed. As part of its adoption of ECN-based trading capabilities, BNY Mellon has acquired an ownership interest in FastMatch, joining Credit Suisse Group AG and FXCM Inc. as partners in the venture.

Source: http://www.securitiestechnologymonitor.com/news/tech-ticker-canada-india-gateways-31590-1.html

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