Emerging Technologies
ITG Sets for Layoffs
NEW YORK-Employees of trading platform provider and crossing network operator Investment Technology Group (ITG) are bracing for downsizing as the firm prepares for a restructuring aimed at saving $25 million to $28 million in operating expenses beginning…
Cossiom Preps Niagara for Exchange Matrix
Cossiom, a Paris-based market data user group of French banks and asset managers, has created a data repository to share information on changing market data policies adopted by exchanges and alternative trading venues around the world, officials say.
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Interactive Data Buys DJ Web Data Business
Interactive Data's $13.5 million purchase of Dow Jones' Online Financial Solutions, expected to close by Dec. 1, will strengthen the vendor's Managed Solutions business in North America, by which Interactive Data provides data to clients via custom Web…
FFastFill Expands Asia Presence
LONDON—Officials from electronic trading platform provider FFastFill tell DWT that the vendor has recently completed the first phase of its expansion plans into the Asia-Pacific market and expect to increase its presence to Sydney in early 2010.
Polygon Begins EquityPipe Campaign
New York-based research provider Polygon Research has begun marketing a front-end workstation to its clients via its broker-dealer business Kabrik Trading, after testing the product on its equity broker desk over the summer.