News
FFastFill Expands Asia Presence
LONDON—Officials from electronic trading platform provider FFastFill tell DWT that the vendor has recently completed the first phase of its expansion plans into the Asia-Pacific market and expect to increase its presence to Sydney in early 2010.
29West Debuts Queuing Edition
NEW YORK—Messaging platform provider 29West has tightened the feedback loop between the front and middle office as well as shortened the trade processing cycle with its version 3.0 of its Ultra Messaging for the Enterprise (UME) Queuing Edition that…
Kaazing Readies Amazon EC2 Gateway
NEW YORK-Web Socket Gateway provider Kaazing expects to ship a Web Sockets gateway for Amazon.com's Elastic Compute Cloud (EC2) by the first quarter of 2010, DWT has learned.
TurkDex Selects Aleri for Surveillance
IZMIR, TURKEY-As the first and only derivatives exchange in Turkey, TurkDex, came closer to launching trading operations earlier this year, it completed the deployment of its market surveillance system, which is powered by complex event processing (CEP)…
Tradebook Launches Order API
NEW YORK-Bloomberg Tradebook, a division of Bloomberg, has released a new application programming interface (API) that allows traders to bring together multiple asset classes on a single platform and drive trading strategies, say Bloomberg officials.
Microsoft Rolls Out Grid Betas
NEW YORK-Operating system and software giant Microsoft recently released beta versions of its Windows HPC Server 2008 server operating system and Microsoft Excel 2010 spreadsheet application that will reduce computing time for the largest Excel workbooks…
CMA Releases Latin America Algo Engine
São Paulo—Brazilian trading platform, market data and network connectivity provider Consulting, Methods, Advisory and Mercantil (CMA) announced the general availability of its new CMA Algoritmos algorithmic trading engine for its CMA Trade Hub financial…
Nasdaq OMX Turns to Correlix for Latency Monitoring
NEW YORK-Beginning in the first quarter of 2010, officials from global exchange operator Nasdaq OMX expect to have latency monitoring capabilities for orders, executions and market data messaging-provided via the RaceTeam latency monitoring service from…
HFT Drives Extranet Evolution
LONDON-Due to the rising popularity of high-frequency trading (HFT), new extranet providers are deploying fatter and faster network pipes while more established extranet providers are seeking to add features to remain attractive, concludes a new report…
Portuguese Energy Exchange Adopts Trayport
LISBON-Iberian power market derivatives exchange Operator del Mercado lbérico de Energía (OMIP) plans to have all of its trading on trading platform provider Trayport's Exchange Trading System by July 2010, exchange officials tell DWT.
ATS Operators Wary of SEC Dark Liquidity Proposal
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposals for regulating dark liquidity, if enacted, could significantly change the way trade orders are routed and liquidity is posted, according to executives from alternative trading…
Cuttone Banks on Tech for Mini-Prime Status
NEW YORK-Introducing brokerage Cuttone & Co. has moved closer to the growing "mini-prime" brokerage model with its Global Prime Solutions (GPS) service, which provides agency execution and floor trading capability.
IPC Eyes Financial Extranet Offering
NEW YORK-Trading floor communications and network provider IPC Systems has announced the launch of its shared IP access strategy in an attempt to create the latest financial extranet for its approximately 3,600 on-network clients, according to vendor…
Newedge Rolls Out India Operations
In a global market where all Western firms face challenges in gaining a foothold in Asia and finding the systems needed to do so successfully, multi-asset brokerage firm Newedge -a joint venture of Société Générale and Calyon-recently launched its…
Dutch Asset Managers Form User Group
A group of seven Dutch asset management companies have formed a market data user group to discuss and develop industry best practices around data-related issues, officials say.
Xignite Begins Real-Time Rollout
Web services data provider Xignite has begun distributing real-time Level 1 equity data from exchanges in Europe, in the first stage of its plan to provide market data from global exchanges via Web services.
CQG Readies Mobile Data Service, Picks BlackBerrys
Denver, Colo.-based data, charting and trading software provider CQG is preparing to launch a mobile data service integrated with its desktop terminal, in response to client demand from sell-side and buy-side customers for a service that could provide…
Switch and Data Recruits GeoReach Partners
Hosting service provider Switch and Data is enlisting network providers who have established low-latency fiber paths between its North Bergen, NJ facility and regional equity markets in a new partner program, dubbed GeoReach, to provide clients with…
Deutsche Börse Buys NTKN
As Inside Market Data went to press last Friday, Nov. 20, Deutsche Börse closed a deal to acquire Need to Know News, a Washington, DC-based provider of machine-readable economic releases and multi-asset news and analysis.