Automated Trader Q3

What's in store for high frequency traders as regulators float various ideas for curbing trade? Be sure to check out our in-depth look here, the latest in the Automated Trader series on the regulatory landscape from our Q3 edition. We've also posted more articles on India, including a look at competition among exchanges, and market reaction to algo rules by the Indian regulator.

Industry Developments

The London Metal Exchange selected Cinnober as its new technology partner. Cinnober will provide LME Clear with its TRADExpress RealTime Clearing system.
KVH and Interactive Intelligence partnered to provide cloud-based contact center business KVH CallPORT.

Analytics provider Numerix said it had published a paper that establishes a new algorithmic method for calculating counterparty exposure for exotic portfolios, with important implications in the context of Basel III.

News from Brazil as Horizon Software announced the availability of DMA to BM&FBOVESPA and Chi-FX Brazil started a participant certification process. Developed in alliance with BM&FBOVESPA, the Chi-FX platform is expected to launch in the fourth quarter.

Borsa Italiana and the Johannesburg and Mongolian Stock Exchanges all migrated to the LSE's trading platform Millennium Exchange. Meanwhile, Fidessa upgraded its Canadian trading platform.


Products and services

euNetworks extended its 8.8 Terabyte network from London to Dublin, enabling a complete service portfolio across Europe; Deutsche Bank launched an FX trading platform on Autobahn; Exegy announced its new Journal & Replay product, a set of tools designed to help businesses deluged with data; Interactive Data introduced a new version of FutureSource Workstation, a platform designed for the energy, commodities and futures markets; and Australia & New Zealand banking group (ANZ) brokers can now employ Progress Apama's FX Aggregation Solution.

People in the news

Having previously agreed to separate the roles of chairman and CEO, BATS Global Markets announced the election of former SEC commissioner Paul Atkins as chairman; MarketPrizm expanded its team in Asia with the appointment of Cindy Yeo as a new director; and Annalisa Sarasini joined smartTrade Technologies as Global Head of Sales based in London.

ITRS named Mark Loader Head of Sales for the Asia Pacific region; Tradition expanded the TraFXpure management team with two new hires; and Nomura appointed Jacques Cailloux as Managing Director and Chief European Economist.