TECHNOLOGY
Trading Technologies International Inc. (TT) will connect its X_TRADER 7 order-entry platform to the London Metal Exchange (LME) in late 2007. TT’s LME gateway will provide access to futures on LME’s suite of non-ferrous metal products, plus its plastics futures. www.tradingtechnologies.com.
Globaltec has launched Wizetrade TV, an online TV network dedicated to stock traders, offering 12 hours of daily real-time online financial programming. Wizetrade TV will provide on-air analysis of viewers’ stock picks by professional traders-turned-teachers. www.wizetradetv.com.
SunGard’s RegNMS-ready version of its BRASS solution suite is now available. Enhancements for order management and direct market access help provide sell-side equity trading firms with access to liquidity and introduce capabilities to satisfy requirements for RegNMS. www.sungard.com/brass.
NinjaTrader LLC has released NinjaTrader 6, a free charting, analytics, system development and trade simulation for futures, forex and equities. www.ninjatrader.com.
TradeStation's new forex platform enables the design, back-testing and automation of strategies based on inside, inter-bank spreads, and direct execution from the TradeStation order bar, market depth window and through macros or full automation. Also, TradeStation 8.3 includes fundamental data indicators, including PaintBar Studies and Strategy Components, and increased optimization of analysis technique calculations for Chart Analysis and RadarScreen. www.tradestation.com.
Orc Software has released CameronFAST, an open architecture framework enabling ease of integration with other applications, delivered with sample FAST applications including FASTEncoder, FASTDecoder and FIXFASTProxy. www.orcsoftware.com.
FOREX
Interbank FX has launched Interbank FX University, offering free educational resources to retail and professional forex traders, and will add video, audio and flash covering the basics of the forex market to technical and fundamental analysis and various trading strategies. www.ibfxu.com.
EXCHANGES
The London Metal Exchange now trades regional futures contracts for polypropylene and linear low density polyethylene. Prices are now established and published by the exchange for Asia, North America and Europe. Also, the LME launched a facility for spot trading that mirrors the non-ferrous metals model. www.lme.com.
Eurnonext.Liffe will extend trading hours for its benchmark Euribor interest rate futures contract to incorporate the Asian trading day. www.euronext.com.
The HedgeStreet Exchange will launch corporate action contracts to trade on anticipated revenues and earnings of publicly owned corporations, including Wal-Mart Inc. and ExxonMobil Corp. Liquidity is provided by Susquehanna International Group and DRW Trading Group. Also, HedgeStreet will list seven contracts on proposed mergers and acquisitions. www.hedgestreet.com.
The Minneapolis Grain Exchange (MGEX) has extended the pre-open session of its electronic agricultural futures. The pre-open session now begins at 6:30 a.m. Also MGEX and Allendale Inc. now are publishing trading tips every Tuesday afternoon. www.mgex.com.
Intercontinental Exchange announced electronic trading in index futures contracts offered by the New York Board of Trade, including the U.S. Dollar Index and the Russell 1000 full-size and mini-sized indexes. www.theice.com.
The New York Mercantile Exchange will offer options for crude oil, natural gas, gold and silver on the Chicago Mercantile Exchange’s Globex platform.
www.nymexoncmeglobex.com.
DATA AND BROKERAGE
Software developer Arcontech has announced the first independent feed handler for Chi-X, the new pan-European ATS. Chi-X offers its market data at no cost to qualifying organizations. www.chi-x.com.
Interactive Brokers has added Hong Kong stocks and warrants to its direct access platform. Interactive Brokers continues to offer the Hang Seng Index and other Hong Kong futures contracts. www.interactivebrokers.com.
optionsXpress Holdings Inc. has launched real-time portfolio margining to eligible customers of its broker-dealer subsidiaries, as well as real-time margin calculations and a suite of trade entry and position analysis tools for portfolio margining. www.optionsxpress.com.
Rand Financial Services Inc. now offers access to the Dubai Mercantile Exchange, offering clients a transparent and liquid market for the trading crude oil futures and other petroleum based products. www.rand.com.
