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Case Study: Algo Pairs at Investec

Investec Securities (UK) is a UK institutional equity house offering institutional services across research, sales, sales trading and risk trading. In September 2006, it announced that it had gone live with royalblue�s Fidessa Pairs and VWAP algorithmic trading modules. AT talks to Trevor Gatfield, head of IT for Investec Securities (UK) about the group�s use of the Fidessa Pairs module in its pairs trading activities.

Investec goes live with the Fidessa ? algorithmic tools

Royalblue (LSE:RYB), provider of Fidessa, has announced that Investec Securities (UK) has gone live with Fidessa's Pairs and VWAP algorithmic trading modules. Investec, a specialist banking group providing financial services in the London, South African an

Fidessa signs up European clients to ILA strategy

November 24th, 2008 - 20 European clients signed up for Fidessa's Intelligent Liquidity Access Strategy

Analysis: More BOE Easing to Come After 100bps Cut

The BOE is seen as almost certain toÂ continue cutting interest rates in coming months, perhaps to near zero if not zero itself, following its 100bps cut to 2% today. "We strongly suspect the BOE is far from done yet," said Howard Archer at IHS Global Insight. He says a zero policy rate is "not inconceivable" although his central expectation is a bottom of 0.5%. Philip Shaw at Investec said: "We are of the view that the MPC will bring rates down close to zero by the spring", although he warned of complexities that would make it "very difficult" for rate to hit zero itself. Neil Mellor at the Bank of New York Mellon said deflation is now probably the BOE's chief concern, putting more rate cuts in the offing. "Once deflation arises, it is difficult to eradicate - as the BOJ would attest," he said. Today's moveÂ by the BOE was first time borrowing costs have been cut to as low as 2% since 1939. They stayed at 2% until 1951.

PREVIEW: UK Nov Producer Prices Expected to Moderate

UK producer price inflation is set to decelerate markedly in November as the economic downturn sapsÂ manufacturers' pricing power.Â Output prices are expected to fall 0.7% on the month, continuing the prior month's decline of 1.0%. Input prices on the month are seen down a further 3.0%Â after October's 5.6% drop, asÂ fuel costs dwindle.Â In annual terms, output price inflationÂ is seen moderating to 5.2%, from 6.8%, while input price growth is forecast at 6.5%, less than half the prior month's rate of 13.8%. "It is quite feasible that factory gate inflation turns negative by next spring," said Philip Shaw at Investec Bank. Need to Know News' Scream Audio will broadcast the figures live from the ONS at 0930 GMT on Monday, Dec 8.

PREVIEW: UK Nov Producer Prices Expected to Moderate

UK producer price inflation is set to decelerate markedly in November as the economic downturn sapsÂ manufacturers' pricing power.Â Output prices are expected to fall 0.7% on the month, continuing the prior month's decline of 1.0%. Input prices on the month are seen down a further 3.0%Â after October's 5.6% drop, asÂ fuel costs dwindle.Â In annual terms, output price inflationÂ is seen moderating to 5.2%, from 6.8%, while input price growth is forecast at 6.5%, less than half the prior month's rate of 13.8%. "It is quite feasible that factory gate inflation turns negative by next spring," said Philip Shaw at Investec Bank.Â Weaker-than-expected PPI today could add to speculation that the BOE will continue cutting interest rates in the new year following its 100bps cut to 2% last week. Need to Know News' Scream Audio will broadcast the PPI figures live from the ONS at 0930 GMT.