Friday, December 23, 2005

Reuters and Charles River Development

Information giant Reuters and Charles River Development, provider of software and service to investment managers, have teamed up to offer desktop-level integration of data, analytics and order management functionality. The two firms will provide asset managers with integrated and context-sensitive access to Reuters’ data and analytics from within Charles River Investment Management System.

CanDeal, the Canadian multi-dealer-to-institutional investor online debt securities trading network jointly owned by the Toronto Stock Exchange and major banks, has launched a new business division Revolution Trading powered by Trayport’s GlobalVision Broker Trading System to address the needs of electronic inter-dealer fixed income trading in Canada. The direct-access trading platform is being used to initially trade Canadian government bonds and provide post trade straight through processing efficiencies.

Information provider Interactive Data has bought IS Teledata, a German provider of financial market information systems, for €48.5 million in order to expand its content and services and broaden its footprint in Europe. Teledata’s offerings include hosting services, software and content, and related services that are used by financial firms to deliver a range of financial content.

Moxy, the trade order management system from Advent Software, has attracted 10 equity algorithmic trading brokers to provide algorithmic trading functionality: Banc of America Securities, BNY Brokerage, Credit Suisse First Boston, Goldman Sachs, Jefferies, Lehman Brothers, Merrill Lynch, Morgan Stanley, Susquehanna Financial Group, and UBS. All of these brokers’ algorithmic trading strategies are available through the SunGard Transaction Network, which is configured to access Moxy.

Banking Technology
(c) 2005 Informa UK Ltd

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