News
CME Eyes Summer Data Protocol Switch
CME Group is preparing to launch a new version of its market data platform later this year, MDP 3.0, which will feature a binary market data protocol designed to reduce the bandwidth required to deliver CME market data.
BATS–Direct Edge to Equalize NY4, NY5 Latency, Post-2015 Equinix Move
BATS Global Markets will ensure that trading members of its BATS and Direct Edge exchanges will experience the same latency whether they co-locate in datacenter provider Equinix’s Secaucus, NJ NY4 or NY5 facilities when the US equities and options…
TPI, Nasdaq Ally for eSpeed Treasury Data, Sales Deal
Tullett Prebon Information (TPI), the data arm of interdealer broker Tullett Prebon, and Nasdaq OMX have struck a partnership for TPI to integrate benchmark US Treasury bond data from Nasdaq’s eSpeed electronic trading platform into its products and…
Fidessa Eyes Asia-Pac Data, Connectivity, Co-Lo Expansion
Trading technology and market data provider Fidessa plans to expand its connectivity network to China’s futures markets and may consider setting up new co-location sites in Southeast Asia, including in Thailand and Malaysia, depending on client demand.
Pastro To Lead Development At Interactive Data
Interactive Data has hired Al Pastro, previously a managing director at Morgan Stanley, to oversee product technology initiatives
Interactive Data Names Brown, Pastro to Senior Roles
Interactive Data last month appointed Sean Brown as president of its 7Ticks low-latency infrastructure unit in Chicago and Al Pastro as chief information officer of application development, based in New York.
UBS Executes First Interest-Rate Swap as Introducing Broker
UBS Investment Bank has completed its first trade as an introducing broker on behalf of a client via UBS Neo, the bank’s global distribution and execution services platform.
Pickles Leaves BT, Sets Up Independently
Chris Pickles has left BT and plans to work as an independent consultant specializing in mobility, security, identity management and regulatory compliance, among other functions
Recognia Adds ‘Featured Ideas' to Technical Insight
Ottawa, Canada-based technical analysis software vendor Recognia has released an updated version of its Technical Insight analysis platform, including a new "Featured Ideas" section that makes it easier for active traders to identify pricing trends and…
State Street Launches European Online ETF Platform
State Street Global Exchange has announced the launch of FundConnect, an online trading platform for Exchange Traded Funds (ETFs) designed to enhance the speed and efficiency in European ETF order-taking process.
Morningstar Plots Brilliant Australasia CEO Path
Chicago-based data and investment research provider Morningstar has appointed Heather Brilliant and Mark Roomans-currently global director of equity and corporate credit research, and chief operating officer of Morningstar Europe, respectively-as co…
Tocom Receives ATS Approval from Hong Kong Regulator
Tocom, the Tokyo Commodity Exchange, has received regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong to provide Automated Trading Services (ATS) to its clients.
FISD Overcomes Non-Display Best Practices Stalemate
The Business Issues Policy and Procedures (BIPPS) Working Group of industry association FISD has reached an agreement on best practices around non-display data usage policies, following 18 months of stalemate on the issue resulting from conflicts between…
Lucena Taps Smallwood for Southeast US BizDev Role
Atlanta, GA-based decision support analytics provider Lucena Research has hired Todd Smallwood as vice president of business development for the Southeast US region, based in Atlanta, Georgia, and reporting to Lucena chief executive Erez Katz.
Gemini Plumps for SunGard’s Hedge360 Platform
Gemini Hedge Fund Services, the Hauppauge, New York-based hedge fund administrator, has selected SunGard’s Hedge360 application suite as its platform of choice. Hedge360 will enable Gemini Hedge to increase is operational efficiency and by so doing…
Uberoi to Lead S&P Capital IQ’s Global Comms
New York-based S&P Capital IQ, an operating unit of McGraw Hill Financial, has appointed Sunny Uberoi vice president, global communications.
NYSE Liffe Taps SuperDerivatives Volatility Data for Settlement Pricing
Derivatives pricing, data and risk management software provider SuperDerivatives has begun providing IntercontinentalExchange's London-based NYSE Liffe derivatives market with volatility data to enhance daily settlement price calculations for flexible…
Big Data DB Vendor Altibase Taps Intel for Performance Boost
In-memory database provider Altibase has released a version of its HybridDB database running on Intel Xeon E7 V2 processors to provide clients with the ability to process and analyze larger volumes of data in real time.
BATS to Transition Primary Exchanges to NY5 Datacenter
BATS has selected Equinix as its primary data center provider for all of the BATS exchange platforms, including the Direct Edge exchanges EDGA and EDGX.
BATS Taps Equinix as Primary Datacenter, Preps 2015 Move for BATS, Direct Edge Platforms
As part of its efforts to integrate the operations of its recent Direct Edge acquisition, US stock and options exchange operator BATS Global Markets will migrate both markets' trading technology to Equinix's new NY5 datacenter next year under a long-term…
WSE Confirms Acquisition of Aquis Exchange Stake
The Warsaw Stock Exchange (WSE) has finalized its acquisition of a 36 percent stake in the newly launched pan-European stock exchange, Aquis Exchange.
Invea Bows FPGA Data, Trading Appliance
Invea-Tech, a provider of hardware acceleration technologies based in Brno in the Czech Republic, has released an FPGA (field-programmable gate array)-based trading system, TradeCope, which combines software management with hardware for handling market…
ITG Releases Trade Management Systems for Hedge Funds
New York-based execution and research broker ITG has launched a product suite for hedge funds that includes a hosted order management system (OMS) and execution management system (EMS).