News
Canadian Markets Prepare for High-Frequency Trading
TORONTO-Although dark liquidity and high-frequency trading are less prevalent in the Canadian markets compared to the U.S. and Europe, rule proposals from the country's securities regulators appear to be pushing leading Canadian trading venues to enhance…
Pragma Securities Relocates Datacenter
NEW YORK-When Pragma Securities looked for a new datacenter to house its automated trade execution and dark liquidity pool, it selected to deploy its blade servers within datacenter hosting provider Switch and Data's New York Financial EcoCenter facility…
ITRS Set to Update Geneos
LONDON-Data technology vendor International Trading Room Software (ITRS) Group plans to add new developments to its Geneos platform by providing advanced analytics, due out in 2010, according to vendor officials.
NYSE Euronext Finds ATS Buyer
NEW YORK-In a $5 million three-way deal expected to close by the end of the year, agency brokerage BNY ConvergEx will acquire alternative trading system (ATS) operator Nyfix's U.S.
UBS Streamlines Market Data Team
UBS has axed or reassigned roles for a number of long-serving market data executives as part of a broader move to streamline its market data sourcing, administration and technical operations, sources say.
Velocity Trade Readies API Connectivity
TORONTO-Canadian foreign exchange (FX) dealer Velocity Trade expects to take its first client live sometime this week, say officials, with an application programming interface (API) connection into the dealer's middle- and back-office systems, officials…
Exchange Glitches Fuel Data Debate
Two European exchange glitches last week intensified the debate over whether market participants should use consolidated feeds of European equity data, including data from multilateral trading facilities, as opposed to relying on data from primary…
BGC Hires Sybase for Database Support
NEW YORK-As part of a plan to adjust its internal IT systems, global inter-dealer broker BGC Partners tells DWT it has contracted database provider Sybase to support the firm's database in order to improve management of real-time risk.
Thomson Reuters Boosts FX Commentary
Thomson Reuters has hired six foreign exchange industry veterans to bolster its market commentary and analysis, as well as to support a new service, dubbed Dealing Room, which aims to provide FX traders with a steady stream of news and trade ideas.
Stock Exchange Outage Spurs MTF Changes
LONDON-As undisclosed server issues brought trading in one twelfth of the stocks traded on the London Stock Exchange (LSE) to a halt last week, the knock-on effect has led to changes in trading on multilateral trading facilities (MTFs), according to MTF…
StreamBase Boosts Canada Coverage
Complex event processing software vendor StreamBase Systems has developed an adapter to provide connectivity to market data feeds from Pure Trading, a Toronto-based alternative trading system operated by CNSX Markets, expanding the vendor's coverage of…
Icap FIXes on Thomson Reuters
Interdealer broker Icap has launched a new service, Icap FIX, which will deliver end-of-day and intra-day snapshot prices for a range of OTC-traded instruments via Thomson Reuters' Datascope data products and 3000 Xtra desktop data display.
Options IT Connects to OMX Feeds
New York-based infrastructure-as-a-service provider Options IT recently expanded its exchange coverage by adding Nasdaq OMX's Copenhagen, Iceland, Stockholm and Helsinki stock exchange feeds to its Velocity managed direct feeds service, to expand the…
Pure Trading Girds for High-Frequency Trading
TORONTO-Operators of the Pure Trading Canadian alternative trading system (ATS) are braced for an onslaught of high-frequency trades as a number of U.S. trading firms connect to the platform later this month.
Options IT Adds Nordic Support
NEW YORK-Infrastructure-as-a-service vendor Options IT has extended its Velocity high-speed market connectivity service to the Nasdaq OMX Nordic Exchanges, officials announced today, Nov. 9.
Polygon Begins EquityPipe Campaign
New York-based research provider Polygon Research has begun marketing a front-end workstation to its clients via its broker-dealer business Kabrik Trading, after testing the product on its equity broker desk over the summer.
Townsend Preps Ticker Plant Refresh in Volume Battle
Chicago-based data and trading technology vendor Townsend Analytics is rolling out a new component within its market data infrastructure to enable the vendor to deal with ever-growing market data rates, as part of a long-term plan to re-architect its…
Fixnetix Expands Corvil Deal for Client Latency Visibility
Low-latency data and trading technology vendor Fixnetix has licensed the CorvilClear peer-to-peer latency monitoring software from Dublin-based vendor Corvil to provide its clients with better visibility into the latency of market data delivery and order…
Regulatory Concerns Stall Clearinghouse Links
LONDON-Independent global clearinghouse LCH.Clearnet has suspended discussion on bilateral clearinghouse interoperability with European Multilateral Clearing Facility (EMCF) due to concerns of regulators in the U.K. and Holland over the potential…