Exchange Technologies

Nasdaq OMX Eyes Second Nordic CCP

STOCKHOLM-Pending reg­u­latory approval, global exchange operator Nasdaq OMX plans to introduce its second central counterparty (CCP) clearer to the Nordic markets by the end of March, officials tell DWT .

CME Set to Conclude Nymex Migration

NEW YORK-Operators of the Chicago Mercantile Exchange (CME), the CME Group, are nearing completion of moving legacy New York Mercantile Exchange (Nymex) systems onto CME platforms, CME Group officials tell DWT .

Knight Link Targets Scandinavia

LONDON-Electronic broker Knight Capital plans to expand the European coverage of its Knight Link crossing network to include the Nordics beginning in February, DWT has learned.

TSE Targets Latency with Arrowhead Launch

TOKYO-With the New Year, operators of the Tokyo Stock Exchange (TSE) rolled out the exchange's new Arrowhead matching engine to improve support for advanced automated trading strategies on the TSE, according to officials.

Regulatory Uncertainty Delays C2

NEW YORK-Although flash orders were not yet a hot-button issue when the Chicago Board Options Exchange (CBOE) filed for regulatory approval from the U.S. Securities and Exchange Commission (SEC) for the CBOE's planned all-electronic C2 options exchange,…

Bond MTF Waits for Regulatory Green Light

LONDON-The new Vega-Chi multilateral trading facility (MTF) is awaiting final approval by the U.K. Financial Services Authority (FSA) to commence operation as what Chi-Vega officials claim is the first convertible bonds MTF.

Nasdaq OMX Expects Algo Uptake Delay in Nordics

LONDON-Even though Nasdaq OMX rolled out central counterparty (CCP) clearing earlier this year to its Nordic trading venues, officials from the exchange operator anticipate that most firms will delay algorithmic trading on the exchange until Nasdaq OMX…

Micex Preps Low-Latency Gateway

MOSCOW-The Moscow Interbank Currency Exchange (Micex) is a step closer to launching low-latency trading capability via a new FIX-based trading gateway, which is slated for deployment in October 2010.

TurkDex Selects Aleri for Surveillance

IZMIR, TURKEY-As the first and only derivatives exchange in Turkey, TurkDex, came closer to launching trading operations earlier this year, it completed the deployment of its market surveillance system, which is powered by complex event processing (CEP)…

Tradebook Launches Order API

NEW YORK-Bloomberg Tradebook, a division of Bloomberg, has released a new application programming interface (API) that allows traders to bring together multiple asset classes on a single platform and drive trading strategies, say Bloomberg officials.

Nasdaq OMX Turns to Correlix for Latency Monitoring

NEW YORK-Beginning in the first quarter of 2010, officials from global exchange operator Nasdaq OMX expect to have latency monitoring capabilities for orders, executions and market data messaging-provided via the RaceTeam latency monitoring service from…

Portuguese Energy Exchange Adopts Trayport

LISBON-Iberian power market derivatives exchange Operator del Mercado lbérico de Energía (OMIP) plans to have all of its trading on trading platform provider Trayport's Exchange Trading System by July 2010, exchange officials tell DWT.

NYSE Euronext Finds ATS Buyer

NEW YORK-In a $5 million three-way deal expected to close by the end of the year, agency brokerage BNY ConvergEx will acquire alternative trading system (ATS) operator Nyfix's U.S.

Stock Exchange Outage Spurs MTF Changes

LONDON-As undisclosed server issues brought trading in one twelfth of the stocks traded on the London Stock Exchange (LSE) to a halt last week, the knock-on effect has led to changes in trading on multilateral trading facilities (MTFs), according to MTF…

Pulse Trading Seeks to Expand BlockCross Coverage

BOSTON-Agency broker Pulse Trading, operator of alternative trading system (ATS) BlockCross, plans to grow the continuous crossing network organically as well as through partnerships with other crossing networks, officials tell DWT .

Chi-X Debuts Sponsored DMA Access

LONDON-To better cater to high-frequency traders, officials from pan-European equity multilateral trading facility (MTF) Chi-X Europe announced today, Oct. 19, the rollout of Chi-Velocity, a proximity-hosted risk management offering for sponsored direct…

Instinet Adds BLX Liquidity Provider

NEW YORK-Traders looking for alternative methods to execute block trades have a new option as Pulse Trading and Instinet have linked their respective BlockCross and BLX dark liquidity pools, officials from both brokerages announced today, Oct. 5.

Oslo Børs Continues TradElect Migration

OSLO-Operators of the Oslo Børs have confirmed plans to continue the exchange's matching engine migration to the London Stock Exchange's (LSE's) TradElect platform, despite the U.K. exchange's recent acquisition of exchange platform provider MillenniumIT.

Bids Preps for Datacenter Move

NEW YORK-By the end of the year, operators of alternative trading system (ATS) Bids Trading expect to relocate their systems to their own datacenter facility within the Equinix NY-4 datacenter located in Jersey City, N.J., according to Bids officials.

Bats Mulls Second U.S. Quote

KANSAS CITY, MO.-The operators of the Bats Exchange plan to file an application with the U.S. Securities and Exchange Commission (SEC) for a second equities exchange license for a new exchange to be called BYX, according to officials.

CBOE Moves C2 Launch to 2010

CHICAGO-The awaited launch of the Chicago Board Options Exchange's (CBOE's) new all-electronic C2 trading venue has been moved to the first quarter of 2010, according to exchange officials.

Heeding the Call of Open Outcry

The death of open-outcry trading has been long predicted-but while it continues to disappear from some electronic exchanges, it stubbornly hangs on in others.