Trading Tech
LSE to Merge Turquoise, Baikal
LONDON—Operators of the London Stock Exchange (LSE) plan to integrate the exchange's Baikal multilateral trading facility (MTF) with fellow MTF Turquoise and run the resulting MTF using the LSE's technology stack, say officials.
Technology and Voice: The Twin Pillars of Over-the-Counter Fixed-Income Trading
Discussions devoted to the e-execution arms race are widespread, as message latency increasingly is dissected with explorations into optimal system configuration and message streamlining. The quest for "smart speed" has been relentless. As verifiable…
SunGard Offers BM&F Back-Office Support
NEW YORK—U.S.-based futures commission merchants (FCMs) looking to better automate their processing and clearing of trades on the Brazilian Mercantile and Futures Exchange (BM&F), which is owned by exchange operator BM&FBovespa, can now use SunGard GMI…
FPL Eyes Latency Standards
NEW YORK—After delivering standards for market data compression and algorithmic strategy distribution, messaging standards body FIX Protocol Ltd. (FPL) plans to launch the FIX Inter-party Latency (FIPL) Working Group, which will begin mid-month, FPL…
Smaller IT Budgets Push Creativity
The past year has presented new and interesting technological challenges for 2010 to the listed-derivatives industry. First, trading volumes actually declined for the first time in over a decade, but message traffic continued to explode. Second, demand…
'More, Faster, Cheaper' to Dominate FX in 2010
Over the past year, the foreign exchange (FX) industry has seen the continual stretch to be the fastest price maker, the unrelenting onslaught of ticket volumes, the shifting sands of ECN rules, the rise of algorithmic execution the ever increasing ranks…
Navigating the European Markets in 2010
As 2010 sets to unwind, market participants continue to face the challenges of finding liquidity and achieving best execution in a fragmented marketplace. DWT sits down with Michael Krogmann, Executive Director, Head of Sales, Xetra Market Development…
IT’s Moment to Shine
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2010: Virtual Reality
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TRADING TECHNOLOGY
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Managing Corporate Actions Risk
Despite industry efforts to reduce financial losses typically associated with corporate actions processing, managing risk remains one of the major challenges for the corporate actions industry. On November 18, Inside Reference Data gathered leading…
Relying on Regulation
While cost cutting was an overriding theme in the data management industry in 2009, the improved economic environment now means value-adding projects to help manage risk and meet regulatory requirements are back on the agenda. Inside Reference Data…
Industry Prepares
For February Options Symbology Change, OCC Announces New Test Date
Editor's Letter - Bigging-up the back office
From a buy-side perspective, the front office has traditionally been where all the sexy action takes place. And rightly so. It's the area of the business directly responsible for performance. Come to think of it, the front office is a bit like the engine…
Parametric selects Fidessa LatentZero's Minerva OEMS
Parametric Portfolio Associates, a Seattle-based registered investment adviser, has selected the Minerva order and execution management system (OEMS) from Fidessa LatentZero to manage $30 billion in assets across more than 16,000 separately-managed…
Speculators in the crosshairs
The Commodity Futures Trading Commission (CFTC) is considering implementing position limits for buy-side players trading energy products, potentially restricting the number of positions traders can take on futures exchanges. Stewart Eisenhart reports
MSIM outsources to State Street
Morgan Stanley Investment Management (MSIM) has signed a deal with State Street Corporation that will see State Street provide MSIM with outsourced investment manager operations services for approximately $300 billion in assets. State Street will provide…