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Automated Trader Update: UBS joins FXSpotStream, LSE clears Clearnet hurdle

First Published 28th March 2013

UnaVista applies to be trade repository, regs boost interest rate futures volume says Tab, Credit Suisse to buy Morgan Stanley wealth management businesses, Coastal Management selects OneTick, MarkitSERV & CME partner, ConvergEx offers ADR conversion solution, Algo-Logic partners with Tabula, Napier Park selects Options PIPE, Calypso opens in Madrid, Equinix to build third IBX, IRESS XPLANTouch 2.7 released, fxTrade debuts mobile apps. Eurex, Credit Suisse & Omgeo announce appointments

Industry Developments

FXSpotStream now has eight big global FX banks on its roster with the addition of UBS as a liquidity provider.

London Stock Exchange Group's majority acquisition of LCH.Clearnet came a step closer with news that an acceptance condition was satisfied; LSE also applied to ESMA for UnaVista to become a trade repository with approval anticipated in June 2013.

Interest rate futures volume should get a boost from regulation, a report by TABB Group says.

Credit Suisse signed an agreement to acquire Morgan Stanley's wealth management businesses in Europe, Middle East and Africa, excluding Switzerland.

Products and services

Quantitative investment management firm Coastal Management selected OneMarketData's OneTick CEP and tick data solution.

MarkitSERV and CME Group partnered for the addition of new FX clearing connectivity; MarkitSERV also launched MarkitSERV Credit Centre, a pre-trade credit checking solution for the OTC derivatives market with infrastructure provided by Cinnober's TRADExpress.

Execution and research broker ITG launched ITG Commission Manager, a platform offering multi-currency, multi-asset CCA/CSA management and aggregation.

ConvergEx offered a solution to convert ordinary shares to ADRs and ADRs to ordinary shares in real time within the RealTick execution blotter.

Credit Suisse AES Options single leg tactics for US listed Equity, Index and ETF options can now be accessed through its front end trading system PrimeTrade

Algo-Logic partnered with Tabula to launch the TSE2 search engine core on Tabula's newly announced ABAX2P1 device.

Alternative asset management firm Napier Park Global Capital selected Options' PIPE Core and Momentum services to provide technology infrastructure; Mediobanca, the Italian investment bank chose Xenomorph's TimeScape management system to enhance its risk management processes; and Chicago Stock Exchange appointed Informatica to supply a messaging solution.

Calypso Technology expanded its Iberian footprint with the opening of new Madrid office; Cayman Islands Stock Exchange and Xetra connected to provide mutual access for clients; and in Singapore Equinix and Mapletree announced plans to build a third International Business Exchange data centre.

IRESS released version 2.7 of XPLANtouch, an app for advisers, adding to its previous release of a client app in 2012; and OANDA announced an upgrade to its fxTrade mobile applications for iPhone, iPad and Android devices.

People in the news

Eurex Clearing appointed new Executive Board members, with Thomas Book as CEO; Nomura's Dame Clara Furse is to join the Bank of England risk reduction committee; Credit Suisse Securities named Martin Keeble as its new Japan CEO; and Omgeo announced a new board of managers.