Brokers are undergoing a “Darwinian evolution” as a result of demands from their buy-side clients and their own internal challenges stemming from the global financial crisis, according to a new report from Celent, a research and advisory firm.
Weeden & Co, a US institutional broker, has replaced its Sungard BRASS order management system (OMS) with FlexOMS, a new sell-side OMS from trading systems provider FlexTrade.
BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has announced that it has established a direct connection with an additional electronic trading platform: UBS Pinpoint.
FlexTrade Systems, an algorithmic execution management systems provider, announced on Wednesday that Thomas Weisel Partners will deploy its new portfolio trade scheduler trading solution
Piper Jaffray Algorithmic and Program Trading (APT) team adds its most recent algorithm, Hornet to several order management systems (OMS), including Bloomberg, Eze Castle, Charles River, Macgregor, Br
"Over the last two years we've observed that there is a great need for an electronic platform that supports the trading of large blocks of foreign exchange (FX)," says Vijay Kedia, president and CEO, FlexTrade. FX-trading is still conducted over the telephone, which makes it prone to information leakage, says Kedia. "