News
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…
Chi-X Canada Moves into S&D Datacenter
Canadian alternative trading system Chi-X Canada is moving its data and trading infrastructure into hosting service provider Switch and Data's Toronto Financial EcoCenter, to accommodate growing data and trading volumes and to gain additional co-location…
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.
StreamBase Embarks on Hiring Spree
Lexington, Mass.-based complex event processing software vendor StreamBase Systems has made a series of new hires to support business growth and client expansions by bolstering its sales and technical development functions.
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.
Constructing the Greek Ideal
As smaller exchanges continue to face competition from the large global exchange operators, they need to find the balance between innovation and nimbleness. DWT European reporter Tanzeel Akhtar sits down with Spyros Capralos, chairman of the Athens…
Fund Admins Rally on Bloomberg Policy
A group of fund administrators are formulating a response to a new market data usage policy from Bloomberg that requires them to sign a Service Provider Addendum classing them as data redistributors, sources tell Inside Market Data .
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.
Jupiter Enlists CJC for RMDS Support
UK-based fund manager Jupiter Asset Management has recruited data consultancy CJC to take over technical management and support of its Thomson Reuters Market Data System (RMDS) infrastructure, officials say.
SEC Plans HFT, Co-Lo Reviews
US regulator the Securities and Exchange Commission last week initiated a formal review of the current US equity market structure, with commissioners agreeing unanimously to issue a concept release seeking comment on issues around high-frequency trading,…
NYSE Euronext Decamps From MetroTech
NEW YORK-As part of its global datacenter consolidation and network rationalization plan, NYSE Euronext aims to vacate its MetroTech facility in Brooklyn by year end.
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…
SEC Proposes Ending Unfiltered Access
NEW YORK-In a recent open meeting, all five commissioners of the U.S. Securities and Exchange Commission (SEC) voted unanimously to release a proposed rule change that would end unfiltered, or naked, access to trading venues by buy-side firms.