News
CESR Chairman Wymeersch Calls for EU Consolidated Tape
The Committee of European Securities Regulators has joined calls for a pan-European "consolidated tape" of trade data that would consolidate executed prices from exchanges and multilateral trading facilities for stocks traded on multiple venues, to…
Progress Revamps Sales Teams
Progress Software, the parent company of complex event processing software vendor Apama, is in the midst of reorganizing its sales and support organizations to provide a "joined-up" sales strategy that enables the vendor to cross-market its diverse…
Fincad Adds Emerging Markets Data
Software provider Fincad has added interest rate curve data for Asian and South African currencies to its range of derivatives valuation and risk management products, and plans to add more Latin American and Asian data in future, to meet client demand…
StatPro Readies SaaS Analytics Platform
UK-based data and analytics vendor StatPro is preparing to launch a new analytics platform, dubbed StatPro Seven, which will employ software-as-a-service (SaaS) technology to provide end-of-day portfolio pricing, performance attribution and risk…
TXC Eyes Connectivity, Asset Class Expansion
Trading Cross Connects (TXC), an incubator and provider of trading technology for high-frequency foreign exchange traders, is building a hosting center in Tokyo that will provide trading firms with low-latency access to trading and market data from FX…
CME, ELX Continue EFF Donnybrook
NEW YORK-The regulatory fight between ELX Futures and the CME Group over prohibitions by the CME's Chicago Board of Trade (CBOT) unit on execution of exchange of futures for futures (EFFs) witnessed another round.
Progress Revamps Sales Organization
BOSTON-Progress Software, which owns complex event processing (CEP) software vendor Apama, is in the midst of reorganizing its sales and support organizations to provide a "joined-up" sales strategy that enables the vendor to cross-market its diverse…
Bats Prepares for Post-OSI Options Launch
KANSAS CITY, MO.-Following last's week's approval by the U.S. Securities and Exchange Commission (SEC), operators of the Bats Exchange plan to roll out options trading in 18 underlying securities beginning Feb. 26.
Pipeline Integrates Block Options
NEW YORK-Block-crossing network provider Pipeline Trading Systems has completed the integration of options trading support with its recently launched Blind Bid Options Cross (BBOX) platform, say officials.
FTEN Targets Global Expansion
NEW YORK-High-frequency execution and risk-control platform provider FTEN has set its sights on establishing its presence in Asia as well as expanding its European footprint, according to a vendor spokesperson.
Latency Arms Race Turns to Pre-Trade Risk
NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…
Quantifi releases Version 9.3
London-based Quantifi, a provider of analytics and risk management products to the global credit markets, has released Version 9.3 of its pricing, hedging and risk analysis platform. Quantifi says V9.3 provides more robust risk reporting, streamlined…
SunGard unveils VPM version 9.0
SunGard has released a new version of its VPM portfolio accounting platform for hedge funds. According to SunGard, VPM version 9.0 provides funds with an enterprise-level portfolio accounting application built on a service-oriented architecture for plug…
Aviva Investors connects to Calastone
Aviva Investors, the global asset management business and wholly owned subsidiary of Aviva plc, has signed an agreement to make its UK-domiciled retail funds available via the global Calastone transaction network. Aviva Investors' third-party…