Algorithmic Trading News items from Automated Trader

July 8th, 2008 - Fidessa LatentZero announces that it has incorporated direct access to Sanford C. Bernstein’s algorithms into its standalone EMS Workstation

July 8th, 2008 - Weeden & Co. and Pragma Financial Systems, LLC, announce the release of OnePipe Lifeguard™

July 1st, 2008: Sun Microsystems, Inc. (Nasdaq:JAVA) has announced new benchmark performance results for Thomson Reuters market data platform. The new benchmark demonstrates that running the platform, known as Reuters Market Data System 6.0.3 (RMDS), on Sun technology not only provides the best throughput performance to date by breaking the million-messages-per second barrier, but also the lowest available network latency on a 1Gb Ethernet.

30 June 2008 - Gemstone Systems has announced a partnership with HCL Penstock to meet ultra low–latency requirements of financial firms. HCL will leverage GemStone’s GemFire solution for its Enterprise Risk and Compliance product suite. The combined solution will offer a high performance, in-memory distributed operational data infrastructure that supports low latency, high scalability and resiliency along with high throughput data sharing.

30 June 2008 - London - 30 June 2008 Onix Solutions has announced the release of a FIX engine and ITCH real-time market data solution set integrated with Hotspot FXi, a leading institutional foreign exchange trading ECN. The Onix Solutions offering provides FX market participants with a turn key integration package to Hotspot FXi that is pre-certified enabling clients to connect to the ECN quickly without having to undergo separate certifications.

June 30 2008 - GATElab, the technology and development laboratory of GATE Tecnologie Informatiche, has announced that Centrobanca, the Corporate and Investment Bank of the UBI Bank Group, has successfully proven algorithmicpath, the GATElab Algorithmic Trading Solution.

June 25th 2008 - Transaction Network Services has added Chi-XTM Canada to its expanding portfolio of ATS's, exchanges and ECN's. Clients will be able to rapidly access the high-performance, fully-anonymous and low-cost Canadian alternative trading system through TNS' Secure Trading Extranet.

June 24, 2008 – Aegisoft has announced the release of Client Simulator and Exchange Simulator 8.1. Aegisoft’s comprehensive toolset, designed to test across the entire trade lifecycle, has long been the choice of broker-dealers for automated, regression, interactive and performance testing ofFIX-based trading systems. The result is improved information visibility, access and decision making, which ultimately allows companies to quickly deploy their order management systems for optimal performance.

June 23, 2008 - Neonet has announced that it has integrated its suite of trading algorithms with leading trading systems Fidessa LatentZero, InfoReach and Tbricks Genesis. All systems are live, offering users the advanced execution capabilities of Neonet's algorithms.

June 18th, 2008 - According to a new industry benchmark research study published today by TABB Group, “European Equity Trading 2008: Liquidity, MiFID and the Brokerage Relationship,” low-touch electronic trading across the European equity markets will account for nearly 2.1 billion euros in commission revenue by 2010, up from 1.8 billion in 2008. Although use of sales traders across European market centres will continue to decline at a rate of nearly 10%, the beliefs that the European sales trader is “passé” is unfounded, says TABB Group, adding that while their role has changed over the past 10 years, it will not disappear.

June 17th, 2008 - Fidessa Group PLC has announced that leading Russian investment bank OTKRITIE Financial Corporation has joined its global connectivity network.

June 17th, 2008 - Fidessa Group PLC, has announced its Intelligent Liquidity Access strategy for the US.   This strategy is aimed at both buy-side and sell-side participants, providing them with a full suite of intelligent trading tools including Fidessa’s Direct Liquidity Access and Direct Strategy Access solutions.

June 11th, 2008 – FIX Protocol Ltd (FPL) has announced the launch of the FIX Algorithmic Trading Definition Language (FIXatdlSM) 1.1.

June 9th, 2008 - SAVVIS Deploys Low-Latency Service To Increase Speed Of Transactions To The London Markets - High Speed Proximity Hosting Enables Competitive Link To The London Stock Exchange

June 6th, 2008 - One Central Facility Helps Solve Fragmentation Issues

June 4th, 2008 - Gissing Software has announced the launch of a new cost-effective market data integration platform for Hedge Funds, the Gissing Hedge Fund Market Data System.

June 2nd, 2008 - BATS Trading Inc has announced that its London-based affiliate reached an agreement with the European Multilateral Clearing Facility (EMCF) to provide clearing services for BATS in the region.

May 22nd, 2008 - BNY ConvergEx Group, LLC announced today that it is continuing its global expansion with the launch of Eze Castle Software - Asia Pacific Ltd., its new office based in Hong Kong.

May 22nd, 2008 - Credit Suisse Advanced Execution Services (AES) today announced that it has linked to the RiverCross ATS.

May 16th, 2008 - CA Cheuvreux has enhanced its algorithmic suite of strategies offering through InfoReach trading solutions for the sell-side and buy-side.

May 8th, 2008 - BNY ConvergEx Group, LLC, announced that it has been voted as the top- rated algorithmic provider in three separate categories in The Trade Magazine’s 2008 Algorithmic Trading Survey Broker Roll of Honour. ConvergEx’s global algorithmic trading services were chosen as the best in the following categories: Execution Consistency, Reducing Market Impact, and Cost.

May 12th, 2008 - Fidessa today announced the launch of BlueBox Execution Strategies, a suite of algorithms designed to provide traders with short-term trading tactics that combine access to dark pools along with displayed markets. Available immediately through the Fidessa trading platform in the US, BlueBox Execution Strategies can access and smart route to displayed and/or dark pools of liquidity, simultaneously or in sequence to assist traders in optimally working orders with varying trading objectives.

May 12th, 2008 - Marketcetera, developer of open source platforms for automated trading systems, today announced that software industry veteran, Yoram Talmor, has joined Marketcetera as vice president of engineering. In this role, Talmor will be responsible for developing the company's first commercially available algorithmic trading platform, scheduled for release in the fourth quarter of 2008, and providing technical direction for the company's products and services.

April 29th, 2008 - IBM (NYSE: IBM) announced it has acquired InfoDyne Corporation, a privately held software company based in Park Ridge, Illinois. InfoDyne is a leader in high-speed platforms and data feed connectors which combined with IBM's WebSphere technology will help clients extend transactional integrity to low-latency environments. Financial details were not disclosed.

April 23rd, 2008 - Progress Software Corporation (NASDAQ: PRGS), announced at TradeTech 2008 that SEB (Skandinaviska Enskilda Banken AB (publ)), will expand its use of the Progress® Apama® Algorithmic Trading Platform for advanced order flow monitoring services within its compliance application.

April 23rd, 2008 - Detica Group plc (DCA.L)and Progress Software Corporation (NASDAQ: PRGS), jointly announced the launch of the Detica Market Surveillance Accelerator powered by the Progress® Apama® Complex Event Processing (CEP) platform.

April 22nd, 2008 - RTS Realtime Systems Group, announced that it has committed to provide connectivity to the new European equity trading venue, Turquoise, which will be launched in September.

April 22nd, 2008 - Townsend Analytics is adding the recently launched, broker-neutral Euro Millennium dark pool from NYFIX to its extensive choice of destination offerings through Townsend's RealTick(R) EMS.

April 14th 2008 - NorthPoint Trading Partners LLC, announced the continuation of their strategic partnership with Gemini Fund Services, LLC with the addition of a second Gemini mutual fund manager to the NorthPoint brokerage platform. NorthPoint specializes in providing brokerage solutions to fund managers who short equities as part of their overall investment strategy.

April 14th 2008 - Instinet, announced the launch of the Instinet Execution Experts, an enhanced suite of algorithms that incorporates best-of-breed components of Instinet’s previous algorithmic offering with Nomura’s former U.S. strategies.

April 14th 2008 - Reliance Globalcom Services, Inc., announced that its financial extranet Yipes FinancialConnect! was selected by a London-based Prop Desk to receive QuantFEED, the QuantHouse end-to-end ultra low latency market data solution. The proven Ethernet-based service from Reliance Globalcom connects QuantHouse’s QuantFEED application programming interface (API) to financial customers around the world for reliable, sub-millisecond access to market data. What’s more, Reliance Globalcom’s unique on-demand scalability enables these customers to allocate network bandwidth in micro increments to cost-effectively adjust bandwidth when and where it is needed.

April 14th 2008 - COMTEX NEWS NETWORK, INC. introduced a new, proprietary CustomWire targeted to meet the needs of buy- and sell-side algorithmic traders.

April 11th 2008 - DMAXX, LLC, announced a strategic alliance to provide seamless integration between their platforms. The resulting solution will provide the institutional CTA the first fully integrated, straight-through processing operating system, encompassing the front, middle, and back office functions, tailored specifically to institutional CTAs with managed accounts.

April 14th 2008 - 4th Story, LLC, announced the release of its 4S.Blue Ridge™ algorithmic trading server. Targeted at brokers and other institutions managing order flow, 4S.Blue Ridge makes the development and integration of custom execution and order routing algorithms technically and economically approachable.

April 10th 2008 - FlexTrade Systems, Inc., announced the opening of a field office in Chicago. Located at 200 South Wacker Drive, the office will be managed by Ted Bilharz, who recently joined the company as Vice President, Options Sales, after a nearly thirty year stint on the floor of the Chicago Board Options Exchange (CBOE).

April 10th 2008 - Chi-X® Europe Limited, the first live, pan-European equity multilateral trading facility (MTF), today announced that it is successfully trading, clearing and settling five of the top OMX Helsinki 25 component stocks, and plans to introduce the remainder of the indices’ names by the end of the month.

April 8th 2008 - BC Capital Markets today announced it has completed the formation of the RBC Global Prime Services Group to provide dedicated and comprehensive support to hedge fund managers, mutual fund managers and institutional asset managers via a single platform backed by RBC, one of North America's largest and most highly rated financial institutions.

April 8th 2008 - Townsend Analytics has integrated algorithms and advanced execution services for Asia and Canada from UBS Investment Bank into Townsend's flagship Execution Management System (EMS), RealTick(R).

April 3rd 2008 - BNY ConvergEx Group, LLC, announced the appointment of Luis Camacho as Head of ConvergEx Global Markets Asia. He will be based in Hong Kong and report to Anthony Blumberg in New York. ConvergEx Global Markets specializes in global agency trading in over 94 markets worldwide, including global portfolio trading, single stock and block-trading, portfolio rebalancing, foreign exchange and liquidations.

April 3rd 2008 - Fixnetix will showcase its portfolio of low latency market data and trading infrastructure connectivity solutions at the 18th Annual Derivatives World Exhibition on April 8-9 at Old Billingsgate Market, London. Fixnetix' range of solutions deliver proven end-to-end performance without any buffering or loss of data, ensuring minimal latency to all major trading venues in Europe and worldwide.

April 3rd 2008 - Two innovative firms have seen an increased demand for customized solutions in the capital markets. To provide their clients with a competitive edge, ACTIV Financial and Capital Markets Consulting have aligned forces. Their collaborations have enhanced the capabilities of their delivered services for Application Service Providers, proprietary trading firms and other major players in the financial arena.

April 3rd 2008 - Integral Development Corp announced extensive feature enrichments to its recently released FX Inside™ 3.0 suite of trading applications.

April 2nd 2008 - Former SVP of Transaction Services at the Amex Brings 20 Years’ Experience in Equity Trading and Product Strategy to Firm’s New York Office. TABB Group, the New York- and London-based financial markets’ research and strategic advisory firm focused solely on capital markets, today announced that Miranda Mizen, most recently senior vice president of transaction services at the American Stock Exchange, has joined the firm as a senior consultant based in their New York offices. Mizen brings more than 20 years experience in the equity trading, product management and product strategy arenas.

April 1st 2008 - IPC Systems, Inc., announced it has launched its Ethernet Connection Service (ECS) that enables customers to increase trader productivity and competitiveness with highly available, secure, low-latency Ethernet Private Lines (“E-Lines”). The launch of ECS extends the capabilities of IPC’s resilient network and Global Solutions Operations Center to offer fully managed voice and data trading solutions. ECS extends IPC’s growing trader community with the same fast-service provisioning between trading firms and markets that is associated with Trader Voice Services. Once connected to ECS, customers can take advantage of the inherent low latency and scalable design to support electronic trading requirements now and in the future.

March 31st 2008 - Pragma Financial Systems, LLC, a New York-based quantitative financial software provider, today announced the expansion of its quantitative engineering group with the hire of Dr. Eran Fishler as Vice President of Quantitative Engineering. Dr. Fishler will lead development of short-term risk models and algorithms for TradeEngine, Pragma’s advanced trading platform that uniquely integrates portfolio selection, risk management and algorithmic execution to ensure that traders achieve optimal execution and capture maximum alpha.

March 31st 2008 - Aegis Software Inc., announced today the new release of its FIX-based testing toolset, Exchange Simulator and Client Simulator. The new versions feature more functionality and higher performance and include many new exchange simulations.

March 31st 2008 - Credit Suisse Australia is set to join Citi, Commonwealth Securities, Goldman Sachs JBWere, Macquarie, Merrill Lynch and NZX as shareholders in AXE ECN.

March 31st 2008 - BATS Trading Inc. announced Monday the formation of BATS Trading (Europe), formally signaling BATS’ move into the European equities market, and said it is targeting live trading on its European platform in 2008.

March 17th 2008 - ITOCHU Techno-Solutions Corporation and GemStone Systems, Inc., a provider of the Enterprise Data Fabric, have announced a partnership to provide a Data Grid Solution for financial computing systems.

March 18th 2008 – Chi-X Europe Limited has announced that it is successfully trading, clearing and settling the top five component stocks of the OMX Stockholm 30 index, and plans to introduce the remainder of the indices’ names by the end of the month.

March 17th 2008 - NYFIX, Inc. has announced the successful launch of Euro Millennium, a neutral dark pool of liquidity for pan-European listed cash equities. This strategically significant event extends NYFIX’s track record of delivering innovative services that meet the demands of its global client community.

NEW YORK, March 11th 2008 - The Bond Buyer's RapiData debuted on March 7th with pilot access to the Bureau of Labor Statistics' monthly Employment Report for top algorithmic trading firms.

March 12th 2008 – ELX Electronic Liquidity Exchange, the new fully electronic futures exchange, announced that Realtime Systems Group (RTS), a leading Independent Software Vendor (ISV) and provider of trading systems, is the first ISV committed to provide connectivity to the new futures exchange, supporting access to the exchange for a wide range of market participants.

March 11th 2008 — Quantitative Services Group LLC has announced that it has entered into an agreement with Goldman, Sachs & Co.'s Hudson Street Services. Under the agreement, Hudson Street Services will introduce QSG's unique set of products and services, via the Hudson Street Services platform, to Goldman Sachs institutional clients.

March 11th 2008 - According to a new industry study released today by TABB Group, “Imperfect Knowledge: International Perspectives on Transaction Cost Analysis,” equity post-trade transaction cost analysis (TCA) usage among U.S. and European firms will reach nearly 90% by 2009, with 38% of those firms examining TCA on a daily basis. Nearly two-thirds of US and European equity firms now spend over $100,000 a year on TCA and larger firms, when including internal development costs, now spend annually on average $200,000.

CodeStreet has announced that its flagship product Market Data Works now includes latency monitoring and auditing facilities. Market Data Works includes the following latency-specific functions: * Monitor latency between points on the distribution infrastructure and from the exchange * Audit latency to review latency over periods in the past * Send alerts when latency limits are exceeded * Chart latency A key aspect of the solution is its low cost and ease of use, allowing users with minimal market data background to set up and monitor latency from their desktop.

March 6th 2008 — OMX Nordic Exchange has announced that Reuters has launched a high-speed data feed that is directly connected to the Nordic Exchange's full order book. Reuters Data Feed Direct allows professional investors and vendors to receive market data directly from the OMX trading system with the same low latency as members of the OMX Nordic Exchange.

March 5th 2008 - Progress Software Corporation has announced the availability of new Progress Apama SmartBlocks creation capabilities for the Apama complex event processing (CEP) platform. With these new SmartBlock features, both business users and developers can now more easily create and package business logic for re-use in Apama applications, thereby accelerating the speed with which those applications can be deployed and later modified.

March 5th 2008 - Savvis, Inc. has reported that BATS Trading, Inc., is now available via Savvis Exchange Express which provides low latency metro Ethernet network access to the fast-growing BATS trading platform.

February 28th 2008 – TSX Group has announced its intent to launch a new parallel, distinct order book that will operate alongside the TSX QuantumTM central limit order book. Internally codenamed TSX Photon, it will feature a differentiated market structure and pricing schedule optimized for high-velocity traders trading high-velocity symbols in a transparent auction market.

February 27th 2008 - Weeden & Co., LP and Pragma Financial Systems, LLC, have announced the launch of OnePipe, the first Optimal Liquidity Management System built to maximize efficiency and access to non-displayed liquidity among the multitude of existing passive liquidity sources, also known as dark pools.

February 26th 2008 - Arcontech has unveiled CityVision dna the latest addition to its multi-award-winning CityVision software suite. The new component (short for CityVision dot net api) allows software engineers using Microsoft’s .net development environment to write applications to interoperate with Arcontech’s CityVision StarNet real-time market data platform, to send and retrieve data in real-time using multiple sources and destinations, taking advantage of the full multi-threading capabilities and power of today’s multi-core, multiple processor computers.

February 25th 2008 - Reuters has released the first complete figures for equity trading across Europe since the introduction of the Market in Financial Instruments Directive (MiFID) last November. They show that, as predicted, there has been considerable fragmentation of the European equity market with new entrant MarkitBOAT making substantial inroads into the publication of trades once carried by domestic exchanges.

February 21st 2008 - Credit Suisse's Advanced Execution Services (AES) has announced that it is connected to TriAct Canada Marketplace’s MATCH Now alternative trading system as a trading destination for all of its algorithmic and direct market access systems for trading Canadian stocks.

February 20th 2008 - Fidessa group plc has announced that Mitsubishi UFJ Securities Co., Ltd has successfully completed the initial phase of its algorithmic execution service based on Fidessa's algorithmic trading platform, BlueBox.

February 16th 2008 - Investment Technology Group has announced that it is adding POSIT Alert to its suite of crossing products in Europe. POSIT Alert is a new indications-based facility that seeks out crossing opportunities among participating clients.

February 14th 2008 - Strategy Runner has announced its integration with FXCM’s No Dealing Desk trading platform. Traders will now be able to access algorithmic trading solutions, based on Strategy Runner’s server based technology, and execute on spreads of FXCM’s No Dealing Desk Execution.

February 13th 2008 - Integral Development Corp officially released its FX Inside™ 3.0 today with an expanded suite of eFX trading options to accommodate multiple trading styles. - Expands SaaS spectrum from proprietary to branded eFX models - Maintains transparency in all market niches

February 8th 2008 - Credit Suisse has announced that its CrossFinder ATS achieved record volume, with 112 million shares matched on February 7, 2008. The volume has been consistently high in 2008, with average volumes in the past two weeks of 85 million, representing a tripling of volumes from six months ago.

Februrary 8th 2008 - Spooz, Inc. has announced that it has deployed AlgoServer, the new Spooz enterprise product that provides Brokers and Institutions new competitive advantages in the market place. Hosting AlgoServer provides brokers and trading Institutions with "edge", by enabling them to rapidly deploy automated trading strategies and algorithms to buy-side customers and internal desks.

February 8th 2008 – NYFIX, Inc has announced that NYFIX Millennium set a volume record in January 2008, matching a total of over 1.2 billion shares. This volume also established a new average daily matched volume record for a month of nearly 58 million shares.

February 8th 2008 – Instinet has announced the formation of Chi-X Global Inc., a holding company for the operations of Chi-X platforms in Europe, Canada and the Asia-Pacific region. Chi-X Global will be led by Tony Mackay as Chief Executive Officer. Additionally, Instinet has announced its intention to launch Chi-X Australia, an Alternative Trading System based on the same technology and pricing model as Chi-X Europe and the soon-to-launch Chi-X Canada.

February 5th 2008 - Credit Suisse’s Advanced Execution Services has announced that it has completed work with BNY ConvergEx Group’s Eze Castle Software to incorporate AES Options algorithms as a destination in their order management system, the Eze OMS.

February 5th 2008 - MetaBit has announced that Nomura Securities has expanded its offering to institutional investors by giving access to their new algorithmic strategy engine through MetaBit XiliX trading platform.

February 4th 2008 - Fidessa group plc has announced its connectivity to NYSE MatchPoint, the recently launched electronic block trading facility. NYSE MatchPoint is a facility of the New York Stock Exchange, which is a subsidiary of NYSE Euronext.

February 1st 2008 - Townsend Analytics has added Nordic investment bank SEB to its international multi-broker network.

January 31st 2008 - Hatstand has announced that it has joined forces with the Open MiFID Alliance (OMA), a pan- European alliance created to tackle the challenges presented by the new MiFID regulatory environment. The alliance enables financial institutions to adopt pragmatic solutions to upgrade their IT infrastructure and meet the regulatory requirements of the directive.

January 31st 2008 - Eurex Clearing is to lower the fixed clearing fees for equity transactions on Xetra and the floor of the Frankfurt Stock Exchange by 25 percent to €0.30 per order with effect from 1 April.

January 29th 2008 – Robert Maher has been named Head of European Advanced Execution Services (AES) Sales, reporting locally to Naseer Al-Khudairi and Gerry Keneally for distribution, and globally to Manny Santayana. He will be based in London.

January 24th 2008 – Investment Technology Group is introducing its Triton execution management system for the Asia Pacific region. The system enables buyside traders to trade over 30,000 equities via multiple destinations across the Asia Pacific markets.

January 21st 2008 - Canada's Market Regulation Services Inc. (RS) has issued a bulletin warning about the added risks of using algorithmic trading systems, and spelling out the supervisory obligations of firms using them. RS suggests that orders entered through an automatic system present heightened risks to both the integrity of the markets and to the financial position of the dealer.

January 17, 2008 - Credit Suisse Group is pleased to announce that Manny Santayana has been appointed Head of Advanced Execution Services’ (AES®) Global Sales.

January 15th 2008 - Knight Capital Group, Inc. has announced the completion of the acquisition of EdgeTrade Inc. for $59.5 million, comprising $29.5 million in cash and approximately 2,285,000 shares of unregistered Knight stock.

January 15th 2008 – Portware has announced its integration with NYSE Euronext’s new portfolio-based, point-in-time electronic facility NYSE MatchPoint. Set to go live on January 22 of this year, MatchPoint will enable Portware’s buy- and sell-side clients to access block liquidity on all major and regional U.S. stock exchanges without incurring market impact.

January 14th 2008 - OMX has signed an agreement with Agora-X. According to the agreement, OMX will provide a complete hardware, software and operations solution to support Agora-X’s new ECN platform. The new platform is scheduled for launch in mid-2008.

January 11th 2008 - thinkorswim has announced that it has implemented a new upgrade utilizing Microsoft.net for its thinklink OMS. Additionally, thinkorswim recently added TouchPoint™ Securities, an agency only broker dealer, as a client utilizing the thinklink OMS platform.

January 10th 2008 - Goldman Sachs Electronic Trading has announced the launch of two new U.S. Listed Option algorithms, enhancing the firm's suite of advanced trading functionality. The addition of Iceberg and Delta Adjusted algorithms marks the third and fourth strategies in Goldman Sachs's growing suite of options execution algorithms and order types, which have been built on the successful foundation laid by SIGMA and Prowler.

January 9th 2008 - National Stock Exchange has announced that Bloomberg Tradebook LLC has migrated their matched trade reports to the FINRA/NSX Trade Reporting Facility. Bloomberg began trade reporting over-the-counter transactions in all symbols to the FINRA/NSX TRF on January 2, 2008.

January 7th 2008 - FXall have announced record annual trading volumes of over $13.4 trillion in 2007. Trading activity highlights include: • Volumes increase 37% year-on-year. • Daily volume surpasses $98bn in the fourth quarter. • Growth in trading volumes continues to be driven by new client activity, in particular from the investment community, which now accounts for over 50% of volume traded over FXall.

January 7th 2008 - Singapore Exchange Limited has announced that its Futures and Options market saw another record year in 2007. Its derivatives volume exceeded 44 million contracts, surpassing its previous annual record volume in 2006 by 21 percent.

January 3 2008 - ICAP experienced record transaction volume across its electronic broking platforms in 2007. Average daily electronic volume in 2007 exceeded US $806 billion, a 27 percent increase year-on-year.

January 2nd 2008 - 141 Capital, Inc. has announced the completion of the licensing of certain trading technology and systems from Spooz, Inc. and it is now in the process of commencing business operations.

December 20th 2007 - Chi-X Canada ATS Limited has announced that its ATS (alternative trading system) will commence trading on Wednesday, February 20, 2008.

December 18th 2007 - OES MarketGroup and BIDS Trading, L.P. have announced the signing of an agreement for OES to provide linkages and agency brokerage services that will enable BIDS Trading to access protected quotations at all Regulation NMS-automated trading centres.

December 17th 2007 - Townsend Analytics has integrated equity algorithms from Cheuvreux into Townsend's flagship Execution Management System (EMS), RealTick(R). The suite of 11 European-specific trading strategies for equities is the latest addition to the Cheuvreux global electronic execution services available through RealTick since early 2004.

December 18th 2007 - Credit Suisse's AES and Perimeter Financial Corp. are pleased to announce that BlockBook has been added as the latest destination for Canadian algorithms.

December 19th 2007 - BNY ConvergEx has become the second firm this month to introduce a suite of algorithms for options trading amid a rosy outlook for electronic volumes growth. In June, BNY ConvergEx acquired LiquidPoint, which was responsible for routing or executing nearly a quarter of the daily listed options trading volume in the US, according to Bank of New York.

December 18th 2007 - Ecofin Ltd. has gone live with the Execta(TM) Portfolio Management and Execution Management System ("EMS") from Tethys Technology, Inc. Ecofin has implemented Execta simultaneously in London and New York and plans to implement TotalTCA(TM), the pre-trade, real-time and post-trade transaction cost analysis offering from Tethys, in the near future.

December 17th 2007 - Reuters has announced an enhancement to Reuters DataScope Select which will see its corporate actions data updated hourly, rather than once a day. Users will be able to monitor portfolios more actively by choosing how often they receive updates and paying according to the quantity of data they use.

December 17th 2007 - OMX and BT have entered into an agreement under which market data from OMX Nordic Exchange will be distributed through BT’s extensive financial services network. The new communication solution will generate access to the complete information offerings from OMX market data, which contains more than 800 companies. BT will enable access to the Nordic Exchange’s market data to a community of more than 10,500 sites worldwide, which will help eliminate the need for thousands of point-to-point connections to existing and new firms interested in obtaining OMX market data.

December 13th 2007 - Interactive Data Corp. has announced that its Real-Time Services business will provide a wide-range of low-latency data to General Welfare Group. By integrating Interactive Data s PlusFeedSM into their proprietary trading applications, General Welfare Group will have seamless access to low latency data from the North American financial markets. This data can help support General Welfare Group as they design, develop and implement their trading strategies.

December 14th 2007 - OMX will strengthen the competitiveness of the Nordic capital market and the Nordic Exchange by reducing its cash equity trading fees. As of January 1, 2008, the fees for cash equity trading will be reduced by 20 percent on average in Stockholm, Copenhagen and Helsinki. The changes in the fee structure are introduced in order to further increase liquidity and boost trading on the Nordic Exchange.

December 14th 2007 - Since opening its doors seven years ago, Allied Testing LLC has increased its staff more than twenty times and has opened four branches in Eastern Europe. In line with the company’s expansion plan, it has just opened a branch in Minsk, the capital of Belarus.

December 13th 2007 - Pure Trading, launched on September 14, 2007, offers a high capacity/low latency trading environment, combined with an extremely attractive fee structure. Since the launch, Pure has been adding stocks to the platform in a measured way, with the cooperation of its participating dealers and service providers, enabling the Canadian trading community to use emerging trading technologies to their full advantage, while delivering cost savings enhancing the competitiveness of the Canadian markets.

December 6th 2007 - Responding to growing global customer demand for integrated hosting and network services, SAVVIS, Inc. has announced plans for a new data centre in London and expansion of existing data centres in Singapore and the New York metropolitan area. All three facilities will provide a broad range of IT infrastructure services including colocation, managed hosting, virtualized and utility computing, managed networks, and security, to meet the global requirements of enterprise IT.

December 6th 2007 - Equinix Inc. has extended its network of global Equinix Financial eXchange communities to include London and Paris. These two new locations join Equinix’s existing communities in Chicago, Frankfurt and New York, and will provide financial organisations with secure, reliable and low latency connectivity to global financial trading centres as well as a highly resilient and convenient platform for community members to interconnect with each other and multiple service providers.

December 3rd 2007 – Gissing Software and ITRS have announced that four customers are in live production with their joint solution. Bank of America and Mitsubishi UFJ Securities International are among the customers using ITRS’s Geneos product suite alongside Gissing Software’s multi-vendor contribution system. A real-time interface to the ITRS Geneos product suite within Gissing ConteX MCS allows users to proactively manage and resolve any potential issues that arise, ensuring no disruption to their mission-critical real-time data contributions.

November 27th 2007 - BNY ConvergEx Group, LLC, has announced the launch of APEX (Analytical Portfolio Execution), a new portfolio algorithmic optimizer that was specifically designed to offer portfolio managers unique, customized strategies that maximize their execution decisions.

November 27th 2007 - UNX, Inc. has announced that it has launched five new algorithms that utilize the firm’s leading tactical execution framework and expertise in micro-market liquidity flows to help clients achieve best execution and beat benchmarks for their trades.

November 27th 2007 - TradingScreen Inc. has announced the launch of a new product, called “FuturesHUB”. FuturesHUB allows buy-side clients to use the same graphical user interface and connectivity to trade across multiple futures commission merchants (FCMs), markets and financial products. Additionally, the product introduces access to trading algorithms on derivative products such as futures and options.

November 26th 200 – NYFIX, Inc. and BNP Paribas Securities Services have announced a strategic agreement under which NYFIX International and BNP Paribas Securities Services will offer innovative pan-European post trade services for NYFIX Euro Millennium.

November 26th 2007 - Orc Software has announced Prime International Trading, a Chicago-based trading firm, has deployed Orc Software's Liquidator for its algorithmic futures spreading solution on CME and NYMEX.

November 19th 2007 - Knight Capital Group has agreed to acquire EdgeTrade for nearly $29.5 million of cash and 2.3 million shares of unregistered Knight stock, subject to adjustments.

November 14th 2007 – NYFIX has announced that its subsidiary, NYFIX International Limited, has selected ShadowSuite® as the back-office solution for Euro Millennium™. Euro Millennium is a neutral dark pool of liquidity providing rapid, anonymous matching for equity trading in European markets and is scheduled for launch in Q1 2008.

November 14th 2007 - NeoNet has announced the launch of its suite of Smart-Routing Algorithms for MiFID. The new algorithms add routing functionality to NeoNet's existing suite of algorithms and will be available to all users through either FIX or the NeoNet Trader application.

November 13th 2007 - Eli Lederman, the recently appointed Chief Executive of Turquoise, has taken an immediate and important step in the development of the trading platform by appointing Yann L'Huillier as the Chief Technology Officer.

November 12th 2007 - Fidessa group plc has announced that CA Cheuvreux has enhanced its algorithmic suite of strategies offered through the Fidessa LatentZero Execution Management Service (EMS).

November 7th 2007 - Charles River Development has achieved record results for the Charles River Network, its proven financial network for global real-time electronic trading via FIX (Financial Information eXchange).

November 7th, 2007 – No longer a phone-based OTC marketplace, the global FX markets are being transformed by the arrival of new players following a rapidly evolving path towards rules-based automated technology. Initiated by hedge funds searching for alpha and the demand for direct electronic access through their prime brokers to dealing desks at major global banks, asset managers are now bringing FX trading in-house to support best execution across asset classes, leading to increased demand for algorithms to more effectively manage execution costs and achieve alpha.

November 6th 2007 – The OES MarketGroup today announced a partnership with Portware LLC to provide National Market System connectivity and NMS-compliant routing services to financial institutions on Portware’s global, broker-neutral, multi-asset trading and strategy systems.

November 5th 2007 - Instinet on October 29 set a one-day firm record of 113.5 million shares traded in Instinet CBXSM, its U.S. dark liquidity pool, topping its previous best of 69 million shares set in August of this year.

November 5th 2007 - Fidessa Group PLC has announced that Aqua has joined Fidessa's global connectivity network. This agreement enables equities traders at over 230 brokers and 1,300 buy- sides on Fidessa's network to access and trade untapped pools of block liquidity through Aqua.

November 5th 2007 - Reuters today announced extended data capabilities with the addition of OTC equity options pricing and counterparty hierarchy information to its Reuters DataScope Select hosted data management and extraction platform.

November 2nd 2007 - TIBCO Software Inc. today announced that CLSA has selected TIBCO Enterprise Message Service as the platform on which it will build its next-generation global trading system. CLSA is revamping its global trading platform to support new automated trading methods and pave the way for future business growth.

November 2nd 2007 - The Chicago Stock Exchange has announced that October was a post Reg NMS record month for both share and Trade volume. CHX daily volume averaged 40.7 million shares, a 45% increase over September. In addition, trade volume surged more than 100% over August's record breaking levels.

November 2nd 2007 - New York University has announced a new dual-degree program that will give tomorrow’s “quant jocks” both depth in quantitative skills and breadth in management perspective to effectively manage risk, sophisticated trading models and people in today’s computation-driven financial markets. The joint MBA/MS in Mathematics in Finance degree is a partnership between NYU’s Stern School of Business and Courant Institute of Mathematical Sciences, both highly regarded by Wall Street in their respective fields.

November 1st 2007 - EdgeTrade today disclosed that, between August and October, a daily average of 27.4% of clients’ executions were completed in dark pools through FAN, the firm’s smart order execution algorithm. This compares with a TABB Group estimate of 9.4% of all U.S. equity shares executed in the dark.

November 1st 2007 - BidRoute went live to coincide with the arrival of Markets in Financial Instruments Directive (MiFID) deadline. Some 43% of all equities traded in Europe are traded as portfolio trades - the favoured volume-based auction process that delivers efficiency for dealers and brokers. From today onwards all dealers will be required to provide investors with an audit trail of the price discovery process for such transactions.

1 November, 2007 – FIXCITY haslaunched two modules for its Indication of Interest (IOI) distribution product ioinet, in the US. ioinet:book is a dedicated sell-side module that enables brokers to view all their IOIs, sent via direct connections and alternative IOI platforms including ioinet, to the buy-side. ioinet:stream allows buy-side firms to view incoming IOIs from brokers and vendor solutions within the ioinet application.

October 31st 2007 - Boyd Pearce, Truviso's president and chief executive