Trading Tech
ITG: closer alignment needed between trading strategy, cost analysis and investment decisions
A new white paper published by Investment Technology Group (ITG) finds that buy-side firms can expand capacity for assets by more carefully considering implementation costs resulting from their portfolio managers' investment decisions.
NewsScope Adds Company Algo News
Thomson Reuters has added company announcements to the news stories it distributes in machine-readable format as part of its NewsScope feed, to provide algorithmic traders with low-latency access to key datapoints from corporate releases that trading…
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.
Test Clients Bow 29West Queuing Tech
Messaging systems provider 29West has begun rolling out UME 3.0 Queuing Edition, a new version of its Ultra Messaging for the Enterprise product that adds low-latency queuing, a technology that shortens the trade processing cycle, officials say.
Report: Bloomberg Gains as Spend Falls
The financial industry will spend $22.7 billion worldwide on market data and related services this year, a decline of 1.5 percent from $23 billion in 2008, primarily as a result of budget and staff cuts at end-user firms that have led to reductions in…
News, On a Need-to-Know Basis
Firms using machine-readable news as an input to trading strategies are highly secretive about gaining any advantage. However, major data providers are enthusiastically backing machine-readable news services. In the wake of Deutsche Börse's purchase of…
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…
Kaazing Readies Amazon EC2 Gateway
NEW YORK-Web Socket Gateway provider Kaazing expects to ship a Web Sockets gateway for Amazon.com's Elastic Compute Cloud (EC2) by the first quarter of 2010, DWT has learned.
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.
Microsoft Rolls Out Grid Betas
NEW YORK-Operating system and software giant Microsoft recently released beta versions of its Windows HPC Server 2008 server operating system and Microsoft Excel 2010 spreadsheet application that will reduce computing time for the largest Excel workbooks…
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…
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…
HFT Drives Extranet Evolution
LONDON-Due to the rising popularity of high-frequency trading (HFT), new extranet providers are deploying fatter and faster network pipes while more established extranet providers are seeking to add features to remain attractive, concludes a new report…
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.
ATS Operators Wary of SEC Dark Liquidity Proposal
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposals for regulating dark liquidity, if enacted, could significantly change the way trade orders are routed and liquidity is posted, according to executives from alternative trading…
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.
IPC Eyes Financial Extranet Offering
NEW YORK-Trading floor communications and network provider IPC Systems has announced the launch of its shared IP access strategy in an attempt to create the latest financial extranet for its approximately 3,600 on-network clients, according to vendor…
Newedge Rolls Out India Operations
In a global market where all Western firms face challenges in gaining a foothold in Asia and finding the systems needed to do so successfully, multi-asset brokerage firm Newedge -a joint venture of Société Générale and Calyon-recently launched its…
Poll: Firms Focus on Latency Measurement
More firms have increased their budgets for latency-related projects during 2009 than at the trough of the financial crisis last year, but are focusing spend largely on internal monitoring and measurement projects rather than large capital outlays,…
Regulatory Drivers for Real-Time Analytics
Proposed rules for the financial industry will force market participants and regulators to adopt new ways of monitoring and consolidating data across different systems and markets. By Neil McGovern, product marketing director at Sybase