News
Cinnober Gains Real-Time Clearing Client
STOCKHOLM-Trading and clearing platform vendor Cinnober has signed the first client-an unnamed firm-for its new real-time clearing platform, and is negotiating with three or four parties in Europe who are looking for a clearing system, vendor officials…
Introducing Brokers Ramp Up Application Spending
BOSTON-U.S. introducing brokerage firms are poised to increase spending on business applications this year, while clearing firms will compete to get more of that spending, according to the authors of a recent white paper from industry research firm Aite…
Options IT Lights Pipe in Interxion
Infrastructure-as-a-service vendor Options IT has expanded its Options Pipe direct feed and infrastructure management suite to hosting provider Interxion's London Financial Hub, to provide proximity to market data from major local markets.
StreamBase Opens Developers Sandbox
NEW YORK-Complex event processing (CEP) platform provider StreamBase Systems has built an online service that will allow financial industry IT developers to download and share reusable components in a global community, vendor officials announced today,…
Options IT Expands London Footprint
LONDON-Infrastructure-as-a-service (IaaS) provider Options IT has rounded out its connectivity offering for firms seeking to trade in the London-based markets with the deployment of its Options Pipe infrastructure in datacenter host Interxion's City of…
Beta-Gamma Debuts FX Algo Offering
LONDON-Foreign exchange (FX) tools provider Beta-Gamma Research has launched Trigger Trader, an algorithmic trading product aimed at lower- and mid-tier banks, vendor officials announced today, Feb. 15.
Microsoft to Debut CEP in SQL
Microsoft plans to roll out its complex event processing platform, StreamInsight, as part of the next release of its SQL Server line in the second quarter.
Brokerjet Terminal Takes Flight with VWD
Brokerjet, the online brokerage subsidiary of Austrian bank Erste Group, has rolled out a new market data display and trading terminal from Frankfurt-based vendor VWD Group, dubbed Pro Trader, to institutional clients in Austria and neighboring countries…
Convertibles MTF Vega-Chi Prepares for Launch
London-based convertible bond multilateral trading facility Vega-Chi will officially open for trading and begin disseminating live market data this Wednesday, Feb. 17, following the release of a "pre-go-live" version of its trading application last week.
Hanweck Readies European Version of VoleraFeed
Options analytics provider Hanweck Associates is adding coverage of European markets to its VoleraFeed solution, which provides real-time implied volatilities for options on equities, indexes and futures, to meet demand from clients seeking to use…
StreamBase Opens Developer Community
Complex event processing software vendor StreamBase Systems will this week unveil an open-source developer community portal, dubbed StreamBase Component Exchange (SBX), which allows developers to share non-proprietary code developed for use with the…
Cloud Computing Must Overcome Cost, Security Concerns
LONDON-The twin issues of cost and security have major global banks wary of adopting cloud computing on a massive scale, according to industry participants who spoke during a recent cloud computing conference held in London.
LSE Shuffles Execs, Hires New CIO
LONDON-In preparation for integrating the Turquoise multilateral trading facility (MTF) with its Baikal dark liquidity pool and rolling out its MillenniumIT Exchange, the operators of the London Stock Exchange (LSE) have hired Antoine Shagoury to be CIO.
MarketAxess to Integrate CTT, RFQs
NEW YORK-Electronic fixed-income trading venue provider MarketAxess plans to integrate its click-to-trade (CTT) capability with its request-for-quote (RFQ) capabilities for its European market, vendor officials tell DWT .
TT Targets Proximity-Based Trading Strategies
NEW YORK-Multi-asset trading technology provider Trading Technologies International (TT) expects to add proximity-based strategies to a yet-named new product in its Strategy Engine (SE) product line.
Omega ATS Adds New Backer
TORONTO-Financial services advisory firm Tactico has purchased approximately a 25 percent interest in Canadian alternative trading system (ATS) operator Omega for an undisclosed sum.
Thomson Reuters Steps into DMA with Aegisoft Buy
NEW YORK-Thomson Reuters has filled out its trading platform portfolio with the recent acquisition of execution management system (EMS) provider Aegisoft.
Skyler Shifts Development Ops to London
Concord, Calif.-based tick database and data technology provider Skyler Technology is shifting its base of operations to London, including all of its software development and support functions, in a bid to reap cost benefits and to be closer to a major…
Bond MTF Vega-Chi Set to Go Live
LONDON-European convertible bond traders will have a new source of liquidity as the Vega-Chi multilateral trading facility (MTF) commences trading on Feb. 17, according to MTF officials.
Morningstar Reorganizes Real-Time Support
Chicago-based vendor Morningstar has reorganized the support operations of its Real-Time division-formed following its acquisition of Tenfore Systems in 2008-to provide centralized support for the vendor's global data acquisition and distribution…