Special report
Expanding the Frontiers of Smart Order Routing
Once alternative trading systems (ATSes) started to pop up in U.S. cash equities markets in the late 1990s with the introduction of the U.S. Securities and Exchange Commission's (SEC's) Regulation ATS and changes to its order handling rules, smart order…
A Peek at the Next Generation
As more trading venues come online and differentiate themselves in terms of fee structures and order types, smart order routers need more intelligence in order to exploit these market structure changes. DWT sits down with Harry Gozlan, founder and CEO of…
Evaluated prices - The Evolution of Evaluation
The financial crisis has resulted in an increase in visits from auditors, and pressure on investors to have a comprehensive understanding of pricing of illiquid assets. Inside Reference Data gathered leading industry professionals to discuss credible…
Connect to control
When AQR Capital Management, the $20 billion quantitative hedge fund and investment manager based in Greenwich, Connecticut, decided to upgrade its trade-matching processes, it had no other vendor than Omgeo in mind; and with Omgeo having developed a…
Everything in its right place
What a difference a year makes. The 2008 TradeTech West conference in San Francisco took place just days after the collapse of Lehman Brothers and the heralding of the global credit crisis. Projections of shoestring technology budgets, major overhauls of…
Users Seek Tighter Control on Data Spend
The practice of building centralized functions to run market data procurement has emerged as a key tactic for firms seeking tighter control over their data spend as the financial crisis continues, according to a panel of executives from end-user firms at…
Rethink Architecture or Risk Drowning in Data
Increasing volumes of data resulting from the growth of high-frequency trading could overwhelm markets unless firms review their infrastructure requirements, and find new ways to improve their data architectures beyond simply adding hardware or…
Data Costs Rise, Despite Exchange-MTF Competition
The emergence of new multilateral trading facilities as alternative venues to traditional exchanges in Europe since the introduction of the MiFID regulations has seen increased competition and more available liquidity, but has also led to an increase in…
Doctor's Orders: Data Key to Recovery
Though the financial markets appear to be showing signs of recovery, the keynote speaker at last week's European Financial Information Summit warned that firms must continue to be vigilant and utilize available data to the fullest extent to keep on top…
Panel: Targeting Content Is Key Requirement
The ability to deliver timely information in a targeted fashion is increasingly important for data vendors as they seek to protect clients from information overload while providing the content they need for their specific trading and investment functions.
Vendors Focus on Value to Combat Downturn
The difficult economic conditions of the past year have led providers of market data to focus on initiatives that can yield cost savings for their clients, to help them through the financial crisis, according to vendor panelists at last week's European…
European Trading Firms Go Loco for Co-lo
Co-location facilities remain in demand, not only as firms seek to reduce the latency of data delivery by locating their trading engines in the same physical premises as exchanges and multilateral trading facilities, but also as a means to cut back on…
NYSE Tech's SuperFeed Flies into Europe
NYSE Technologies, the trading technology and data vendor subsidiary of exchange group NYSE Euronext, is preparing to launch a beta version of its SuperFeed low-latency consolidated feed service in Europe.
Fidessa Adds OTC Data to Liquidity Analytics
UK-based trading technology and market data vendor Fidessa is planning to incorporate data from over-the-counter trade reporting venues and dark pools into its Fidessa Fragmentation Index (FFI) liquidity analytics service, which traditionally focused on…
Carbonn's Copy - Data Challenges of Olympic Proportions
In 2012, London will host the Olympic Games. Aside from feeding a well-loved British national pastime of complaining about the cost and botched delivery of every large-scale project deemed worthy, or not, of public funds, the games have provided a much…
Wiener Börse Preps Prague Data for ADH
Austrian exchange Wiener Börse is preparing to make market data from the Prague Stock Exchange available via its Alliance Data Highway (ADH) feed by the end of September, and is currently testing the data with vendor clients, officials say.
European Data Dilemmas: Navigating Fragmented Liquidity
The end of concentration rules brought about by the European Commission's Markets in Financial Instruments Directive has heralded a new age of competition between exchanges and multilateral trading facilities. But what are the implications for the market…
The Future of High-Frequency Trading
The popularity of high-frequency trading is growing by leaps and bounds within the financial services industry, despite the growing political pressure to further regulate it. High-frequency trading adds liquidity to the market, tightens spreads while…
Handling the Growing Buzz
High-frequency trading is at a crossroads. The barriers to entry for high-frequency trading have never been this low for buy-side firms. At the same time, sell-side brokers are facing a low-latency arms race trying to make sure they can deliver the…
Evolving Demands Lead Wedbush to Diversify
Automated trading has been constantly evolving over the past decade as trading technology progresses, but its overall effect on the cash equities markets has not changed: Trading margins continue to come under increasing pressure as more firms want to…
A Chat with the Authors
Special Report
Unveiling Data’s Potential
Special Report
Executive Briefing
Special Report