Flextrade to acquire Citi’s ColorPalette OMS

http://www.automatedtrader.net/news/oms-news/61516/flextrade-to-acquire-citis-colorpalette-oms

FlexTrade Systems has announced that it is acquiring ColorPalette Order Management System from LavaFlow Inc., a subsidiary of Citigroup (NYSE: "C").
The transaction combines ColorPalette, the US equity hosted OMS product, with FlexTrade, the multi-asset trading technology firm with operations in North America, Europe and Asia. ..............

Crescent Financial Buys $3.2 Million Stake in IT Trading

http://advancedtrading.com/printableArticle.jhtml;jsessionid=SDMBLOFCTXJ2FQE1GHOSKH4ATMY32JVN?articleID=227300021

Crescent Financial Partners Inc. announced it purchased a $3.2 million stake in IT Trading, LLC’s proprietary trading software, which deploys a statistical arbitrage trading model that has been under development for nearly a decade.

The firm said the algorithms within software will enable it to pinpoint inefficiencies in highly liquid markets.........

SunGard Expands Algo Offering with Fox River Purchase

http://www.tradersmagazine.com/news/sungard-fox-river-executions-algorithms-oms-ems-106129-1.html?ET=tradersmagazine:e643:55465a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=tm_xtra_072710

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Fox River is a cost-efficient way to bring algo expertise in-house without having to start from scratch. ...............

NSE picks 26% stake in technology vendor before giving contract

from
http://www.business-standard.com/india/news/nse-picks-26-stake-in-technology-vendor-before-giving-contract/343534/

Just two months before it launched currency derivatives in August, the National Stock Exchange (NSE) picked up 26 per cent stake in Bangalore-based front-end technology provider Omnesys Technologies.

What is interesting is that Omnesys is among the few vendors that subsequently got the application programming interface (API) from NSE for its currency futures segment. API is the interface platform between brokers and the exchange.

NSE Deputy Managing Director Chitra Ramkrishna is also a director on the board of Omnesys, according to documents from the registrar of companies. In fact, the IT firm, which is also an accredited vendor with the NSE, made a fresh allotment of shares on June 26, which was approved in an extraordinary general meeting held on June 30. It was at this time that Dotex International, a wholly-owned subsidiary of NSE, along with several other individuals picked up shares of Omnesys.
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Sybase Acquires Aleri

Sybase Acquires Aleri to Enhance Real-Time Analytics Product Suite

http://www.wallstreetandtech.com/data-latency/showArticle.jhtml?articleID=222601058

Lightspeed Financial Acquires NobleTrading

Lightspeed Financial Acquires NobleTrading
http://advancedtrading.com/managingthedesk/showArticle.jhtml;jsessionid=KUB410EIC2CFZQE1GHRSKH4ATMY32JVN?articleID=223000068&_requestid=302036