Trading Tech
Data Consumers Spend for Technology Edge
Difficult operating conditions prevailed in the aftermath of the financial crisis, but user firms continued to invest in data technologies to give them an edge over rivals during 2009, either in the speed of sourcing and processing data, or in quality of…
SystematIQ Boosts AlphaWorks Analytics
SystematIQ, the Chicago-based quantitative research group of Standard and Poor's Capital IQ Solutions division, this month rolled out a new version of its Web-based AlphaWorks market analysis and quantitative research tool, expanding the comparative…
Chi-Tech Adds 29West to MarketPrizm
NEW YORK-Chi-X Global Technology (Chi-Tech), the technology unit of market operator Chi-X Global, recently swapped out its legacy middleware platform for its MarketPrizm hosted trading environment for the European markets in favor of 29West Messaging.
Colt Prepares Fastnet Ultra Service
LONDON-European network service provider Colt Telecom is investing up to £100 million ($161 million) in its network infrastructure to support a new service, Fastnet Ultra, which will provide clients with easily provisioned high-bandwidth networks to…
Aite: Naked Access Ready for Reform
BOSTON-According to a recent research note published by industry analyst firm Aite Group entitled Sponsored Access: Where the Naked Need Not Apply , most high-frequency traders, sponsoring brokers and exchanges have come to a consensus that some sort of…
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.
GFI Eyes Europe for Credit Auction
NEW YORK-Interdealer Broker GFI Group aims to deploy its Web-based over-the counter (OTC) auction capability to the European and Australian markets sometime in the first quarter of 2010, DWT has learned.
Colt Readies New Fastnet Ultra Service
European network service provider Colt Telecom is preparing to launch a new service, dubbed Fastnet Ultra, which will provide trading clients with easily provisioned high-bandwidth networks to connect to their choice of European marketplaces via a single…
Omgeo Slates ProtoColl Update
LONDON-Post-trade utility Omgeo is set to release version 4.9 of its Omgeo ProtoColl collateral management service in early 2010, say officials.
BMO Preps for Regulatory Revamp
As demand for high-frequency trading migrates to Canada, the country's regulators, like their U.S. counterparts, are likely to reconsider the financial industry regulatory framework. These changes, in turn, will require major Canadian firms to re-think…
Exegy Adds Chi-X Canada Handler
St. Louis, Mo.-based hardware ticker plant provider Exegy has developed a feed handler to process Level 2 market data from Canadian alternative trading system Chi-X Canada to meet demand from its high-frequency trading clients for access to more Canadian…
Banks Unfazed by Public Clouds
NEW YORK-The industry will find ways to allay concerns about the public nature of cloud computing as practiced by corporations such as Google and Amazon.com, according to panelists at the Waters USA 2009 conference hosted by sibling publication Waters .
Credit Suisse Wins Best IT Team
NEW YORK-On a cool and starry Manhattan evening last week, Credit Suisse took home the fifth annual American Financial Technology Award (AFTA) for Best IT Team for its application development and infrastructure teams' Armor Day 2 initiative, which…
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.
CIOs: Lack of Standards, Scale Plague Firms
NEW YORK-Scale, standardization and legacy software are three of the greatest industry challenges identified by CIOs and CTOs who spoke at the recent Waters USA 2009 conference hosted by sibling publication Waters .
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…
Fidessa, MFS to offer Middle East DMA
LONDON-Market connectivity provider Fidessa has partnered with Middle Eastern broker Mubasher Financial Services (MFS) to offer direct market access (DMA) and algorithmic trading to a range of Middle Eastern exchanges, officials announced today, Dec. 14.
Kyte Group Deploys CQG
LONDON-Global futures commission merchant (FCM) Kyte Group went live in mid-November with the initial deployment of a hosted trading platform from CQG, vendor officials tell DWT .
Safety in numbers
One isn’t just the loneliest number – it can also be the most dangerous. The traditional ‘single-prime’ hedge fund model, severely tested at the close of 2008, is a case in point, as hedge funds move towards multiple prime broker relationships. By…
Risk Management and Regulatory Compliance in 2010 and Beyond: Are You Prepared?
Join Dushyant Shahrawat, Senior Research Director - TowerGroup, and Maneeza Malik of IBM as they discuss:
Activ, Atrium Expand CME Connectivity
Low-latency data provider Activ Financial has begun connecting clients to a new connectivity option for accessing CME Group via Atrium Network's Exchange Ring fiber-optic network, enabling Activ to provide CME data to clients via an expanded network of…
Appetite for Disruption
Many modern technologies that we take for granted start life designed for specialized purposes in niche business areas. For example, performance-enhancing features on modern road cars often have their origins in Formula One racecars, while some low…