Briefs

Wall Street Systems (WSS) is participating in the Logicscope Vendor Partner Program, and has launched a joint solution to provide improved connectivity with FX cusomers.

The solution delivers deal data via Logicscope's solution TradeSTP into the WSS back office. Clients of the solution are able to streamline trade processing, reducing reconciliations and manual errors, while enabling traders and management to focus on more value-added responsibilities.

Tullett Prebon Information (TPI), the data sales arm of London-based interdealer broker Collins Stewart Tullett, has signed a deal to provide its OTC data to Infront, a Norwegian data vendor. The two vendors hope to use the deal to increase their market shares in Scandinavia.

Under the deal, TPI's SwapMarker, MoneyMarker and TreasuryMarker services will be available via Norwegian data vendor Infront's Online Trader terminals. Infront focuses on Scandinavian currencies' data, capital markets and interest rate swap markets.

Data vendor ComStock is acting as the redistributor, and the multi-year, non-exclusive agreement stems from an existing deal in which ComStock delivers equity data from its PlusFeed to Infront customers. David Hann, ComStock's general manager, Europe, Middle East and Africa, said Infront's clients now want more OTC content, which ComStock is sourcing from TPI. He said the data will be displayed on the Infront market pages on Online Trader.

Online platform FXall has announced that volumes on Settlement Center, its suite of autmomated post-trade services, doubled in 2005.

The annual number of events – including matches, confirmations, nets and third-party notifications – exceeded 2.1 million as clients used it to handle post-trade workflow.

In 2004, the total number of Settlement Center events was 1.1 million in 2004.

In particular, the platform said it saw a fourfold increase in custodial notification messages, which are used by asset managers to notify their custodians of trades with other banks.