Data Management
Amex Readies Level 2 Feed, Uses FAST
The American Stock Exchange is developing a Level 2 feed of equities market depth data for launch in the second half of this year utilizing the FAST (FIX Adapted for Streaming data) protocol to reduce the bandwidth issues associated with market depth…
Reuters Launches OTC Post-Trade Reporting Tool
Reuters is testing a new tool for reporting over-the-counter trades in European equities with a number of medium-sized broker clients, which will help firms comply with the European Commission's Markets in Financial Instruments Directive regulations,…
Panel: Mifid's Impact on Exchanges Uncertain
LONDON—The future of liquidity after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect is still uncertain, panelists concluded during last week's meeting of the Financial Services Club.
Making History
Today will go down as a major historical milestone. I'm not talking about commemorating 13 British colonies declaring independence, the merger of Upper and Lower Canada into the Dominion of Canada, or even independence of Argentina. No, today marks the…
FSA Mulls MTF Oversight
LONDON—Prodded into action by Her Majesty's Treasury (HMT) proposing a modernization of its Stamp Duty relief policy in February, the U.K.'s Financial Services Authority (FSA) released a discussion paper investigating possible strategies for the…
TSX Slaps Pure Trading with Copyright Lawsuit
TORONTO—The Toronto Stock Exchange (TSX) filed a C$101 million ($96.3 million) copyright infringement suit in the Superior Court of Justice in Ontario last month against Pure Trading and its parent company, Canadian Trading and Quotation System (CNQ)…
Report: 25K New Trading Positions by 2010
TAUNTON, U.K.—The global need for new traders will rise by 7 percent, to approximately 25,000 new trading positions, according to a white paper recently published by industry research firm Kimsey Consulting.
Data Ticks and Poli-tics
This week, I’d like to tell you how US president George W. Bush and new British prime minister Gordon Brown—both avid IMD readers, I’m told—have already crossed swords over a series of market data-related issues. Like I say, I’d like to, but firstly, we…
Nasdaq Makes Data Available via Web
Nasdaq last month began providing direct access to a number of its market data and analytical products via its Web site, eliminating the need for consumers of the data to develop specific feed handlers to receive the data.
Asia Data in Demand to Support Algorithmic Trading Needs
The recent proximity hosting arrangement between the Singapore Exchange and BT Radianz to provide low-latency access to SGX market data highlighted the growing popularity of algorithmic trading across Asia and interest in the region’s markets from…
Interactive, Tullett Expand OTC Data
Interactive Data Corp. is rolling more data from interdealer broker Tullett Prebon onto its PlusFeed consolidated feed, covering new geographies and asset classes, expanding a longstanding deal between the vendor and Tullett Prebon Information, the…
Thomson Drops Dow Jones for Own News
Thomson Financial has ended a deal to distribute Dow Jones news as the default service within Thomson products, replacing it with its proprietary Thomson Financial News.
Citi Poised for ATD Acquisition
NEW YORK—Global banking giant Citi is in advanced negotiations to purchase Mount Pleasant, S.C.-based electronic brokerage firm Automated Trading Desk (ATD), according to media reports.
The Buy-side Backlog
Automation