Trading Floor Technologies

Caplin Trader Update Courts High-Frequency Traders

LONDON-In order to keep up with the demands of high-frequency traders, Caplin Systems has rolled out a new directory structure that supports multiple parallel development streams for version 2.0 of its Caplin Trader Web client framework for its Caplin…

Banco Fator Deploys Low-Latency Architecture

São Paulo-Brazilian bank and brokerage Banco Fator Corretora has adopted the Progress Apama Algorithmic Trading Accelerator and Event Modeler systems from complex event processing (CEP) platform provider Progress Software in order to provide the broker's…

Latency Arms Race Turns to Pre-Trade Risk

NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…

Lightspeed Preps for Multi-Asset Algo Trading

NEW YORK-Low-latency execution broker Lightspeed Financial is paving the way to offer algorithmic trading in equities options and futures enabled by a backend consolidation between its Lightspeed Trader direct market access (DMA) and Lightspeed Gateway…

Thomson Reuters Takes Hosted RMDS Global

NEW YORK-Market data and trading platform provider Thomson Reuters imminently plans to complete the initial global deployment of the hosted version of its Thomson Reuters Market Data System (RMDS) with facilities serving the Tokyo and Frankfurt markets,…

Corvil Debuts Central Latency Monitoring

DUBLIN-Network latency monitoring vendor Corvil has incorporated a central management console and an appliance update with version 6.0 of its CorvilNet platform, according to vendor officials.

SunGard Delivers European DMA

LONDON-Targeting regional European broker-dealers who are having difficulty supporting connections to new European trading centers, SunGard has rolled out its high-frequency direct market access (DMA) offering, according to vendor officials.

StreamBase Updates CEP Platform

BOSTON-StreamBase Systems has released version 6.5 of its StreamBase complex event processing (CEP) platform, adding a trace debugger feature and upgrading its FX Data Aggregation Framework, officials tell DWT .

HSBC Takes DMA to the Gulf

LONDON-HSBC is now offering direct market access (DMA) to the Abu Dhabi Securities Market (ADSM) and Dubai Financial Markets (DFM), switching on its first clients last week, according to bank officials.

TMS Update Targets Real-Time Risk Management

CHICAGO-Trading platform vendor InfoReach has added a number of risk management features to the latest release, version 7.1, of its InfoReach Trade Management System (TMS), DWT has learned.

BoA Merrill Deploys Canada Market Cap Algos

TORONTO-Bank of America Merrill Lynch is rolling out enhancements to its algorithmic trading platform for Canadian equities, in the form of the Instinct and Quantitative Implementation Shortfall (QIS) algorithms that offer users the ability to better…

RediPlus Update Gains Bloomberg Link

NEW YORK-Users of Goldman Sachs' RediPlus execution management system (EMS) will see a tighter integration with the Bloomberg Professional service in the recently released version 9.1 of the trading platform, according to Goldman Sachs officials.

Thomson Reuters Debuts NewsScope Company Events

NEW YORK—Officials from market data and trading system provider Thomson Reuters announced today, Nov. 30, that the vendor has released Thomson Reuters NewsScope Company Events, its latest machine-readable news product.

29West Debuts Queuing Edition

NEW YORK—Messaging platform provider 29West has tightened the feedback loop between the front and middle office as well as shortened the trade processing cycle with its version 3.0 of its Ultra Messaging for the Enterprise (UME) Queuing Edition that…

CMA Releases Latin America Algo Engine

São Paulo—Brazilian trading platform, market data and network connectivity provider Consulting, Methods, Advisory and Mercantil (CMA) announced the general availability of its new CMA Algoritmos algorithmic trading engine for its CMA Trade Hub financial…

Cuttone Banks on Tech for Mini-Prime Status

NEW YORK-Introducing brokerage Cuttone & Co. has moved closer to the growing "mini-prime" brokerage model with its Global Prime Solutions (GPS) service, which provides agency execution and floor trading capability.

Swedbank Adopts Aleri for Liquidity Risk

CHICAGO-Officials from Stockholm-headquartered Swedbank announced today, Nov. 16, that the bank has selected complex event processing (CEP) platform provider Aleri's Liquidity Risk Manager (LRM) for risk management and to meet regulatory requirements.

Canadian Markets Prepare for High-Frequency Trading

TORONTO-Although dark liquidity and high-frequency trading are less prevalent in the Canadian markets compared to the U.S. and Europe, rule proposals from the country's securities regulators appear to be pushing leading Canadian trading venues to enhance…

Pure Trading Girds for High-Frequency Trading

TORONTO-Operators of the Pure Trading Canadian alternative trading system (ATS) are braced for an onslaught of high-frequency trades as a number of U.S. trading firms connect to the platform later this month.

Panel: HFT, Dark Pools Not Synonymous

NEW YORK-As the U.S. Securities and Exchange Commission (SEC) examines market structure with an eye toward new rules for the markets, it is likely to find that high-frequency trading accounts for very little of the activity in dark pools of liquidity,…

Agency Consortium Backs New Crossing Network

NEW YORK-In an attempt to give its members better control over block order trading flow, agency brokerage cooperative Mahogany Partners has announced a technology alliance with ConvergEx to deliver a multi-crossing network front end to its partners…

Aegisoft Rolls Out Algo Back Tester

NEW YORK-Execution management system (EMS) and FIX validation vendor Aegisoft has recently launched its Java-based Algo Back Tester (ABT) platform, which allows developers to hone their algorithms using real-time and historical market data.

Townsend Rolls Out Trading API Update

CHICAGO-Multi-asset trading platform provider Townsend Analytics recently debuted the version 3.0 of its RealTick application programming interface (API), which sports a new QuickStart application that simplifies code development and expanded…

Aleri Slates Platform Integration for 2010

CHICAGO-After its acquisition of Coral8 in the first quarter of this year, complex event processing platform vendor Aleri plans to have the next generation of its architecture fully backwards compatible for both legacy platforms beginning in 2010, vendor…