News
UNX Initiatives Cut Internal Data Latency
Los Angeles-based agency broker and trading technology provider UNX has reduced its internal data latency by up to 15 percent as a result of a series of projects conducted in the fourth quarter of 2009, including a move to using multicast technology for…
GFI Eyes Europe for Credit Auction
NEW YORK-Interdealer Broker GFI Group aims to deploy its Web-based over-the counter (OTC) auction capability to the European and Australian markets sometime in the first quarter of 2010, DWT has learned.
Colt Readies New Fastnet Ultra Service
European network service provider Colt Telecom is preparing to launch a new service, dubbed Fastnet Ultra, which will provide trading clients with easily provisioned high-bandwidth networks to connect to their choice of European marketplaces via a single…
Omgeo Slates ProtoColl Update
LONDON-Post-trade utility Omgeo is set to release version 4.9 of its Omgeo ProtoColl collateral management service in early 2010, say officials.
Euro Market Data Preps Exchange Policy Tool
UK-based consultancy Euro Market Data (EMD) is piloting a Web-based application that allows users to view and compare exchange data policies from around the world.
BMO Preps for Regulatory Revamp
As demand for high-frequency trading migrates to Canada, the country's regulators, like their U.S. counterparts, are likely to reconsider the financial industry regulatory framework. These changes, in turn, will require major Canadian firms to re-think…
Banks Receive Follow-Up EC Questionnaire on RIC Code
BRUSSELS – European banks have received a second questionnaire as part of the EC investigation into the terms of use of the Thomson Reuters RIC identification code, Inside Reference Data has learned.
Exegy Adds Chi-X Canada Handler
St. Louis, Mo.-based hardware ticker plant provider Exegy has developed a feed handler to process Level 2 market data from Canadian alternative trading system Chi-X Canada to meet demand from its high-frequency trading clients for access to more Canadian…
STAC Readies Time-Series Group
The Securities Technology Analysis Center is setting up a working group to develop and implement benchmarks for time-series data technologies such as historical databases and tick capture and query engines.
Arcontech Adds Atradia's Anderson
David Anderson, founder of Atradia Consulting and editor of Inside Market Data Reference, has joined London-based market data platform and contributions technology vendor Arcontech as director of sales and marketing.
Morningstar to Expand LIM Coverage
Chicago-based investment research and data provider Morningstar plans to share content with energy and commodities data vendor Logical Information Machines and expand LIM's presence in-and coverage of-Europe and Asia, following last week's announcement…
Nasdaq OMX to Consolidate Nordic ITCH, GCF Feeds
Nasdaq OMX will release a new version of its Nordic ITCH feed next year, adding the value-added data and analytics currently carried by the exchange's Genium Consolidated Feed (GCF) to its existing Nordic ITCH feed of unnetted market data, officials tell…
CFA Institute Calls for EC Consolidated Tape
The European Commission should seek to address concerns about the cost and quality of European market data by introducing a US-style consolidated tape when it reviews the impact of the Markets in Financial Instruments Directive (MiFID) next year,…
Banks Unfazed by Public Clouds
NEW YORK-The industry will find ways to allay concerns about the public nature of cloud computing as practiced by corporations such as Google and Amazon.com, according to panelists at the Waters USA 2009 conference hosted by sibling publication Waters .
Credit Suisse Wins Best IT Team
NEW YORK-On a cool and starry Manhattan evening last week, Credit Suisse took home the fifth annual American Financial Technology Award (AFTA) for Best IT Team for its application development and infrastructure teams' Armor Day 2 initiative, which…
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…
Bond MTF Waits for Regulatory Green Light
LONDON-The new Vega-Chi multilateral trading facility (MTF) is awaiting final approval by the U.K. Financial Services Authority (FSA) to commence operation as what Chi-Vega officials claim is the first convertible bonds MTF.
Thomson Reuters Issues 2010 Price List
Thomson Reuters will increase the price of most of its products by 3 percent next year, a reduction from this year's standard price increase of 4.75 percent ( IMD , Nov. 24, 2008), reflecting tighter budgets for market data services at client firms in…
CIOs: Lack of Standards, Scale Plague Firms
NEW YORK-Scale, standardization and legacy software are three of the greatest industry challenges identified by CIOs and CTOs who spoke at the recent Waters USA 2009 conference hosted by sibling publication Waters .
City Index Preps StreamBase Pricing System
City Index, a provider of equities, options, indexes and contracts for difference trading and financial spread betting, is rolling out a pricing engine that will enable it to expand the number of products it trades, based on technology from complex event…