Trading Tech
Clearinghouses Address Regulatory Concerns
LONDON-To head off a regulator-imposed regime on how to mitigate the risks of clearinghouse linkages, expected from the U.K.'s Financial Services Authority (FSA) later this month, European clearinghouses have been working to build an industry consensus…
Morgan Stanley Completes Spot FX Deployment
LONDON-Global investment bank Morgan Stanley has completed the final phase of deploying the Thomson Reuters Spot Matching platform as a foreign exchange prime broker (FXPB) and is preparing to onboard clients, bank officials tell sibling publication FX…
NYSE Euronext Eyes Summer Sunset for Liffe Connect
LONDON-Customers of global futures exchange NYSE Liffe, operated by NYSE Euronext, will be migrated onto NYSE Euronext's Universal Trading Platform (UTP) at the end of June, officials inform DWT .
Tibco Plans Cloud Play
New York-Following its purchase of grid platform provider Data Synapse last year, middleware messaging vendor Tibco is looking to leverage the acquisition to enter the cloud computing environment space, DWT has learned.
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 .
SunGard Euro Brokerage Touts Data Options
SunGard will offer brokerage clients a choice of options for accessing low-latency data when it launches its new European agency brokerage business this week.
Gain Capital Moves into Institutional Waters
NEW YORK-The foreign exchange (FX) ECN landscape is about to become more crowded as retail FX trading firm Gain Capital marks its first foray into the institutional trading space with the launch of its Gain Capital GTX ECN in the coming weeks.
New Year Brings New Risk Management for BNY ConvergEx
In the past few quarters, agency brokerage BNY ConvergEx has seen explosive growth through a number of strategic acquisitions, namely the Nyfix Millennium crossing network. It has also stepped into the role of technology provider with its development of…
Exegy Unveils Omega Feed Handler
St. Louis, Mo.-based hardware ticker plant provider Exegy has built a feed handler to process full order-book data from Canadian alternative trading system Omega ATS, rounding out its coverage of Canadian ATSs, in response to growing demand from high…
Chi-X Canada Moves Toronto Datacenter
TORONTO-Canadian alternative trading system (ATS) Chi-X Canada has relocated its primary Toronto datacenter to datacenter host Switch and Data's Toronto Financial EcoCenter, officials announced today, Jan. 18.
Which Came First: Regulation or Fragmentation?
The Securities and Exchange Commission last week began investigating US equity market structure to determine whether the evolution of trading and related technologies such as high-frequency strategies and co-location disadvantages retail investors.
Filet Stakes Claim on London
Low-latency data and trading technology vendor QuantHouse certainly has its roots in Paris, France, but has recently made inroads into the UK market via its partnership with the London Stock Exchange Group. Inside Market Data speaks to QuantHouse's…
Fidessa Fires Up Fragulator for US, Asia
UK-based market data and trading technology vendor Fidessa is planning to expand its Fragmentation Index to the US and Asia for trading firms to incorporate liquidity fragmentation data into their smart order routers, officials say.
Nasdaq OMX Eyes Second Nordic CCP
STOCKHOLM-Pending regulatory approval, global exchange operator Nasdaq OMX plans to introduce its second central counterparty (CCP) clearer to the Nordic markets by the end of March, officials tell DWT .
CME Set to Conclude Nymex Migration
NEW YORK-Operators of the Chicago Mercantile Exchange (CME), the CME Group, are nearing completion of moving legacy New York Mercantile Exchange (Nymex) systems onto CME platforms, CME Group officials tell DWT .
Global IT Spending Set to Rise
NEW YORK-Budget makers in the securities and investment vertical can expect to see between a 2 percent and 4 percent increase in IT spending in 2010, depending on their geographic location, conclude the authors of a recent white paper published by…
Exchanges: Unfiltered Ban Won't Stop Fat Fingers
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposed rule change banning unfiltered market access will not stop as many erroneous trades as widely believed, say exchange representatives who recently spoke at a conference on the topic.
Knight Link Targets Scandinavia
LONDON-Electronic broker Knight Capital plans to expand the European coverage of its Knight Link crossing network to include the Nordics beginning in February, DWT has learned.
Reuters Bows Asia Fragmentation Tools
Thomson Reuters is rolling out new analytical tools to clients in Asia, to help Japanese trading firms deal with liquidity fragmentation, which market participants expect to increase as the Tokyo Stock Exchange's new Arrowhead trading system drives wider…
Banking on the FSA
One of my favorite quotes comes from U.S. newspaperman and author Damon Runyon: "The race doesn't always go to the swift nor the battle to the strong, but that's the way the money bets." It doesn't give you that warm fuzzy feeling you get when discussing…
New Year's Revolutions
After a cold and snowy Christmas and New Year, it warmed my heart to see further signs of an economic thaw in 2010-if not the green shoots of recovery, then at least the seed of new hiring initiatives creating a more fertile job market.
Scout Grows Monitoring Tools
Scout Analytics (formerly AdmitOne Security), a Seattle-based provider of subscription product usage analytics for identifying unlicensed access, will this month roll out a new release of its Web-based platform with features for content providers to…