Exchanges

12:27 PM
Connect Directly
RSS
E-Mail
50%
50%

Trading Newsflashes: Sterling Commodities Chooses FFastFill ASP for Energy Trading, and more

Sterling Commodities Chooses FFastFill ASP for Energy Trading, EDF Trading Launches Paris Floor, Euronext.liffe Opens Office in Singapore, Imagine Software Adds Hong Kong Stock Exchange and Jasdaq Data

Sterling Commodities Chooses FFastFill ASP for Energy Trading

Sterling Commodities Corporation, a New York-based futures commission merchant, has contracted with FFastFill to use its third-party, front-end trading technology as a hosted solution. The new service will provide approximately 40 Sterling Commodities traders with direct access to electronic exchange-traded energy markets.

FFastFill, the U.S. operation of London-based FFastFill plc and a provider of application services to the global derivatives community, will offer rapid deployment of the technology to all of Sterling's traders, including numerous remote users. In addition, FFastFill will support the traders from its U.S. data center where it's already made the investment in hardware and connectivity to the major derivatives exchanges.

According to Hamish Purdey, COO of FFastFill plc, who is quoted in the release, "This contract demonstrates our ability to offer customizable application services to a broad range of clients -- from major investment banks to midsize trading groups -- with the technology and cost efficiencies that can help them achieve their business goals."

EDF Trading Launches Paris Floor

EDF Trading, an energy trading firm in Europe, went live in the last quarter with BT's voice trading technology in Paris, according to a release on Wednesday. BT enabled EDF to share its London-based private wire connections of its existing MPLS network and display them simultaneously on the traders' ITS devices in both cities.

Key energy traders and back-office staff are equipped with BT's ITS.Netrix multimedia desktop device. In addition, EDF will have access to ITS Management Suite, which allows system updates to be done from either the trading floor or remotely. This allows monitoring of the ITS system's performance, and management of the Paris site entirely from EDF Trading's main floor in London.

Shane Turner, head of IT at EDT Trading stated in the release, "BT is helping us to replicate the same successful trading environment in Paris that we have in London. Crucially they are delivering and supporting a fully integrated voice and data solution taking advantage of the latest IP technology, giving us greater flexibility and operational efficiency over the longer term."

BT partnered with Cisco Systems to deploy a Cisco Unified Call Manager call-processing system and local area network (LAN). The technology will allow EDF Trading to move internal calls to the company's own network at the appropriate time, delivering cost savings and increased flexibility, according to the release.

Euronext.liffe Opens Office in Singapore

Euronext.liffe, the derivatives business of Euronext, will open a new office in Singapore by today, June 1, 2006. The new office will service the large number of customers accessing the Euronext.liffe markets from Singapore, Japan, Australia, Hong Kong and India, and win new business for the exchange, according to the release.

"The launch of the Singapore Hub in October 2005 has given our customers from across Asia a greater opportunity to access a highly liquid market through LIFFE CONNECT," stated Hugh Freedberg, CEO of Euronext.liffe, in the release. The CEO noted that the sales service will be based in the local time zone and an experienced locally based staff will be closer to customers in delivering assistance.

Euronext.liffe currently has offices in London, Paris, New York, Chicago, Amsterdam, Brussels and Lisbon. Last week, NYSE Group, the operator of the New York Stock Exchange, made an offer valued at $10.1 billion to acquire Euronext, the Pan-European stock and derivatives exchange.

Imagine Software Adds Hong Kong Stock Exchange and Jasdaq Data

Imagine Software has signed agreements with the Hong Kong Stock Exchange and Jasdaq to provide real-time market data from key Asian stock exchanges to its offering. The software company provides on-demand trading, portfolio and risk management applications for the global financial industry.

Based in Tokyo, Jasdaq is a market aimed at both small and venture companies, and is modeled after Nasdaq in the United States.

With the addition of Hong Kong and Jasdaq, Imagine now provides its customers with live market data from all of Asia's most important exchanges, including the Tokyo Stock Exchange, the Australian Stock Exchange, the Singapore Exchange (securities), the Osaka Securities Exchange and the Taiwan Futures Exchange.

"Market studies show there is about $100 to $115 billion in hedge fund assets in the Asia-Pacific region, and the region is certainly one of increased focus for both hedge funds and traditional money managers," stated Denise Valentine, senior Analyst with the Securities & Investments Group of research advisory firm Celent, in the release.

Imagine's offering also includes real-time data from all the major U.S. and European securities and derivatives exchanges.

"We recognize that more and more of our clients are actively trading in the Pacific Rim markets," stated Steven Harrison, president of Imagine Software, in the release. "As a result, we continue to expand our pool of independently maintained market data so clients can assess and execute their strategies across Asia and the rest of the world on a timely basis with complete confidence," he further added in the release.

Imagine also provides comprehensive management of the live data it offers customers. Imagine diligently monitors, scrubs and makes available corporate actions data to all users. Updates of the validated corporate actions data are provided on a nightly basis to reflect splits, mergers, name changes, consolidations, posting of dividends, coupons, accruals, resets, payments and new issuance.

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
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.