IDX Trade Show items from Automated Trader

Welcome to Automated Trader's IDX coverage!

It's one of the biggest trade shows in the calendar so of course Automated Trader was there on the ground, giving you all the latest news as it happened. Check out the slide show on the right for some familiar faces in the industry.

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• IDX: Exhibitors' verdict 2Posted: 13-06-2008 13:19:18 UK London time
  

  Caroline Porter, LME: "It has been great for us here at the LME. We’ve met a lot of people today and also those who have travelled here for the whole week of events, which has been great. It’s been an excellent opportunity to talk about all the products and services the LME offers, including our new steel billet contract, and especially LMElive - our new real time data product. There’s been a lot of well-received comments about LMElive and plenty of people interested in the four week free trial we are offering at the moment on www.lmelive.com"
• IDX: It's official - Antonella Amadei grabs first place and an iPod nanoPosted: 13-06-2008 10:08:29 UK London time

  Footnote to IDX - Antonella Amadei of Borsa Italiana came out top over the two days of ScottLogic's IDX trading competition. Congratulations to Antonella and also to ScottLogic for such an entertaining contest.

  

  
  

   
• IDX: Exhibitors' verdict 1Posted: 11-06-2008 21:02:03 UK London time

  As IDX drew to a close, our on-site team had a word with a couple of contented exhibitors:

  Thomas Unwin, EDX
• IDX: Day 2 matches Day 1Posted: 11-06-2008 18:52:57 UK London time

  Automated Trader has a quick word with Will Acworth of the FIA, who clearly has plenty of reasons to be cheerful as IDX draws to a successful close:
• IDX: GL TRADE announces Instant BrokeragePosted: 11-06-2008 17:01:48 UK London time

  Laurent Jacquemin, Global Head of Post Trade Derivatives business line at GL TRADE, tells Automated Trader's Editor, William Essex, all about it:
• IDX: Orc Software launches CameronFIX 6.3Posted: 11-06-2008 16:04:00 UK London time

  Orc Software have just announced the launch of CameronFIX 6.3, which among other things offers an integrated FAST solution. Our team at IDX caught up with Arthur Rank on Orc's show stand to hear all about it.

  Arthur Rank, Orc Software

  
  
  
  

  In the interview, Arthur mentions the new Orc Dashboard - screenshot below:

  

  
  
• IDX: Impressions so far - Part 2Posted: 11-06-2008 13:43:24 UK London time

  Day 2 of IDX is well underway and Automated Trader's Editor, William Essex, is busily asking exhibitors and delegates what they think of it so far:

  Shaun Downey, CQG	Charles H. Fiori, VP JPMorgan, talking about PricingDirect Inc	Noel Nedli, NeedToKnowNews

  
  
• IDX: Impressions so far - Part 1Posted: 11-06-2008 12:29:27 UK London time

  As part of Automated Trader's real time coverage of IDX our Editor, William Essex, has been talking to delegates and exhibitors about their impressions of the show so far:

   

  

  ICE: Steve Roberts and Andy Dodd

  Andy Dodd, director of oil sales, ICE: “The ICE started in energy, but we now have agriculturals and other markets, so we’re here to pick up exposure to some of these new areas we aren’t traditionally known for. Looking forward to meeting some interesting people – looks like a good turnout.”

   

  

  Tom Lant, LME: “Great for us to be here – first time in a while and part of the way we‘ve become a lot more visible as an exchange recently. We’re seeing a lot of interest in metals here and having discussions about how people might become involved in those markets. Also having a lot of conversations about LME Live, our real time data service.”

   

  

  Gary Delaney, Global Marketing Manager, Rolfe & Nolan: “Good to be here – all the makings of a good show. Strong level of interest in our modular middle office solutions already and heavy demand for our pies!”

   

  

  ScottLogic: Phil Pounder, Senior Business Development Manager, Louisa Bradley, Business Development Consultant and Gary Scott, Managing Director

  Phil Pounder: “We’ve been running a one day trading competition using a trading game called Dead Cat Bounce, with an iPod as a prize. We are a bespoke development company so the game gives us a chance to demonstrate our data visualisation capabilities. It’s also a good ice breaker to encourage people onto the stand and to keep them coming back to check their scores.”

   

   

   

   

   

   
• IDX: Day 1 Round UpPosted: 10-06-2008 10:53:27 UK London time
  
  

  Automated Trader's Editor, William Essex, has been pacing the floor of IDX all day today. Now he's got his shoes off and a beer in hand, he's phoned us through the following summary of the first day's events at the show.
• IDX: Credit Suisse selects Corvil for global low-latency networking deploymentPosted: 10-06-2008 20:47:17 UK London time CorvilNet Latency Management System Used to Monitor, Analyse and Optimise Credit Suisse Network Infrastructure for Ultra Low-Latency Trading
  
  
  

  Donal Byrne, CEO, Corvil: “We look forward to working with the Credit Suisse and BT GFS teams to exploit the benefits of having superior latency information and performance to achieve trading advantage.”

  Corvil Ltd has announced a global deployment of its flagship CorvilNet product in Credit Suisse, one of the world’s leading banks. Corvil teamed with BT to deliver a best-in-class solution for automatic and continuous monitoring, analysing and optimising of the Credit Suisse network for low-latency.
  
  In today’s electronic trading environments, a latency reduction measured in microseconds can offer a significant competitive advantage. Traditional network instrumentation, analytics, and optimisation technologies are not able to meet the low-latency demands of these environments. CorvilNet is specifically designed to monitor, analyse and optimise the network against ultra low latency objectives, including those on market data feeds.
  
  Kevin Covington, head of strategy propositions and portfolio at BT Global Financial Services, said: “BT GFS is the premier supplier of ultra high speed network infrastructure to capital markets. We have considerable experience helping our customers achieve competitive advantage in the low-latency arms race. We believe it is very important to work with highly innovative companies like Corvil and bring the advantages of their breakthrough technology to our strategic customers.”
  
  With traditional approaches, troubleshooting and resolving network latency issues can take from hours to weeks. Meanwhile trading opportunities can be lost. With the CorvilNet Latency Management System, network administrators can proactively specify the latency objectives of the network in terms of meaningful objectives and automatically and continuously monitor the network for compliance against those baselines. If latency violations occur, CorvilNet immediately alarms, performs a “Smart” packet capture for deep forensics, and provides recommendations for network optimisations to re-establish performance in line with expectations. Additionally, with CorvilNet, a network administrator can easily measure the headroom available for market surges, traffic growth, or the impact of new applications on the network.
  
  “We are pleased that Credit Suisse has selected Corvil for latency management and optimisation of their network infrastructure,” said Donal Byrne, CEO of Corvil. “We look forward to working with the Credit Suisse and BT GFS teams to exploit the benefits of having superior latency information and performance to achieve trading advantage.”
  
  The global deployment within the Credit Suisse network covers LAN and WAN facilities in three different continents and represents one of the most comprehensive low latency networking projects in the market to date.
  
• IDX: GL TRADE first certified trading system provider on Brazilian Stock, Mercantile and Futures Exchange Posted: 10-06-2008 20:03:32 UK London time GL TRADE has announced that it is the first trading platform vendor to be certified on the new Brazilian Stock, Mercantile and Futures Exchange (BM&FBOVESPA) derivatives gateway. The new FIX 4.4 derivatives gateway will enable the exchange to receive worldwide broker-sponsored direct market access (DMA) orders.
  
  BM&FBOVESPA offers a full range of equity, derivatives, commodity, OTC and structured products in a fully integrated trading model with four clearing houses—equities, derivatives, securities and foreign exchange—and a full service custody system.
  Thanks to the BM&FBOVESPA certification and to local broker sponsorships, GL TRADE’s customers across the world will be able to execute DMA orders on the BM&FBOVESPA derivatives markets with GL TRADE’s trading platforms.
  
  Marcio Augusto de Castro, who is responsible for the project at BM&FBOVESPA, comments: “We are very pleased with GL TRADE’s certification. The new BM&FBOVESPA derivatives gateway is an ambitious project that will provide connectivity to third-party clients and brokerages using the FIX Protocol. We hope this initiative will help broaden the growth prospects for our derivatives markets.”
  
  Gerard Varjacques, CEO of GL TRADE Americas, says: “Latin America, and in particular Brazil have always been core to our strategy. We have been providing technology to BM&FBOVESPA for the past 8 years. As a pioneer in the electronic trading industry, GL TRADE is naturally a first choice vendor when a market is looking to develop its exposure internationally. The BM&FBOVESPA is a first class exchange and we are very happy to enter a new phase in our partnership with them!”
  
  Ryan Keough, Managing Director of GL TRADE Americas’ trading solutions and client connectivity business unit adds: “We are pleased to be early adopters of the new BM&FBOVESPA derivatives API’s. Our teams have worked in harmony with the exchange. The new high performance gateways will add openness to the several hundred GL TRADE’s screens already present in Brazil. They will also enable all the exchange’s members to increase derivatives trading opportunities domestically as well as, give GL TRADE’s clients around the world the ability to have sponsored-broker DMA on the BM&FBOVESPA derivatives markets. This should be live in production this summer once the GL NET* offerings such as DMA execution services have been launched in San Paolo.”
  
  BM&FBOVESPA SA – Stock, Mercantile and Futures Exchange is the world’s third largest exchange measured by market value. It is also the leading stock and derivatives exchange in Latin America, sharing approximately 80% of the equities’ average daily trading volume and more than USD67 billion of the futures market’s ADTV.
  
  GL TRADE delivers trading solutions that ensures our clients’ success. GL TRADE is a global financial software solutions company, operating in over 50 countries and serving 1,600 clients. We are the leading provider of multi asset front to back solutions, connectivity and information services. Headquartered in Paris and London, employs more than 1,400 people. GL TRADE is listed on Euronext Paris (ISIN FR 0000072084).
  
  * GL NET is GL TRADE’s proprietary international market data and order routing network. It provides access to more than 140 equities, derivatives, commodities, fixed income and FOREX markets. GL NET is available for both buy- and sell-side institutions via GL TRADE workstations, FIX or third party applications.
   
   
  
• IDX: ScottLogic competition - Borsa Italiana tops board on Day 1Posted: 10-06-2008 19:35:44 UK London time
  

  6pm: Congratulations to Antonella Amadei of Borsa Italiana who leads the dead cat field at the end of the first day of IDX, closely followed by colleague Roberto Del Conte
• IDX: ImarexPosted: 10-06-2008 19:32:23 UK London time

  

  10.47am: Imarex - derivatives for freight, electricity, carbon emissions - oh, and fish.
• IDX: I said Channel 4 not ITV!Posted: 10-06-2008 17:10:21 UK London time
  

  10.38am: A spot of virtual bowling on the GLTrade stand
• IDX: Eurex - coffee anyone?Posted: 10-06-2008 16:45:43 UK London time
  

  10.23am: If you're looking for top notch coffee and derivatives, you're in the right place - the Eurex stand
• IDX: SGXPosted: 10-06-2008 16:44:04 UK London time Roadsign to a faster trade?
  

  10.18am: Latency? Not at SGX thank you!
• IDX: ScottLogic 2Posted: 10-06-2008 16:41:26 UK London time Who's winning?
  

  10am: The ScottLogic leader board
• IDX: NYFIX partners with ULLINK to deliver innovative access to leading broker algorithmsPosted: 10-06-2008 16:09:44 UK London time

  Seamless access to algorithms via NYFIX marketplace delivers efficiencies across global buy- and sell-side community

  NYFIX has announced their new partnership to integrate ULLINK’s dynamic algorithm publishing solution (UL REACH) with the NYFIX Marketplace, the industry’s largest FIX-based global trading community. The partnership will leverage the NYFIX Marketplace infrastructure to provide buy-side clients with instantaneous and seamless access to the most up-to-date broker algorithms.

  The integrated platform offers buy-side firms desk-top access to the very latest broker algorithms from across the broker community. The buy-side simply selects the order strategy and their trade is then sent to the broker for execution via the NYFIX Marketplace. The service is fast and easy to implement, requires no additional software, and can be used with any buy-side trading system.

  For sell-side members, this solution provides a central place to manage their library of algorithms. It allows brokers to publish algorithms to their clients automatically and cost effectively through a user-friendly interface.

  Bob Moitoso, Global Head of FIX Division, NYFIX comments: “This exciting and innovative partnership provides another valuable service to the Marketplace community. It brings increased efficiency and order enrichment to buy-side firms and allows the sell-side to seamlessly reach the extensive, global Marketplace buy-side community. The partnership combines powerful and leading-edge technologies to deliver improved market efficiencies.”

  Laurent Useldinger, CEO, ULLINK adds: “This partnership extends the capability of ULLINK’s algorithm solution and offers greater access to the buy-side. This makes it much easier for our own sell-side clients to trade, as they can extend their algorithmic capabilities to all NYFIX Marketplace clients.”
• IDX: Fun with Scott LogicPosted: 10-06-2008 12:58:13 UK London time London - 0830, 10 June 2008: Scott Logic are offering an imaginary £100,000 to finance your entry in their trading competition. Stand 47 in the Lower Sugar Room - and the prize is worth a go.You get to spend your £100,000 building a portfolio of five companies, then follow your position on Scott Logic's leader board at Stand 47. The winner gets an iPod. More on the company at www.scottlogic.co.uk