Trading Technology

12:02 PM
Connect Directly

U.S Trading Solutions Vendors Zoom Into Australian Market

Broadridge and Bloomberg have announced they are making new inroads in the Australian market.

Two U.S. vendors have announced they are making new inroads in the Australian market.

On the heels of the recently launched Chi-X alternative exchange in Australia, Broadridge Financial Solutions announced that users of its SUMMIT stockbroking and accounting solutions for the Australian equities market can now implement its new broker trading connectivity tool to process trades executed on the alternative trading venue.

The connectivity solution can also be used to process trades executed via any other exchange that supports the FIX financial messaging protocol. Broadridge says connectivity to the new Australian Securities Exchange's (ASX) PureMatch service is also supported.

Meanwhile, Bloomberg announced that Australian insurer Medibank Private Limited will use Bloomberg's Foreign Exchange (FX) trading platform to manage the exchange rate risk associated with its $2.5 billion global equity portfolio.

The Australian financial institution uses the Bloomberg Professional service to research global news, data and analytics to hedge their interest-rate risk. Now, Medibank will also use the system's FXGO function to manage its foreign-exchange risk, execute FX trades and get requests for quotes (RFQs) in spot, forwards, swaps, options and deposits.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.