News
Bloomberg Preps Move to Open Architecture
Bloomberg is set to dispel its perception as a closed system with a range of initiatives designed to open up the data and functionality contained within its flagship data display and feed products, to make it easier for clients to integrate the vendor's…
Data Warehouse to Boost Performance for Pink OTC
NEW YORK-Over-the-counter (OTC) securities trading venue Pink OTC Markets expects to see a trading system performance boost as it moves its analytic and reporting functions from its trading database onto a recently deployed data warehouse, DWT has…
JSE Mulls Consolidated Market Feed
South African securities exchange JSE is working on a technology roadmap that may see it consolidate trading and distribution of market data for all asset classes traded on the exchange onto a common technology platform.
Aegisoft Rolls Out Algo Back Tester
NEW YORK-Execution management system (EMS) and FIX validation vendor Aegisoft has recently launched its Java-based Algo Back Tester (ABT) platform, which allows developers to hone their algorithms using real-time and historical market data.
Thomson Reuters Plots Roadmap to Utah
Thomson Reuters has announced a new product roadmap for the rollout of its next-generation market data desktop platform, also known as the "common platform" and internally dubbed Project Utah until the vendor reveals final branding, which will be…
FPL Prepares Latency Working Group Launch
LONDON-FIX messaging protocol governing body FIX Protocol Ltd. (FPL) plans to formulate a new standard engine aimed at measuring latency and increasing transparency. In the coming weeks, FPL expects to form a new working group to address the development…
FMX Connect Revamps Data Portal
Web-based energy and commodities data, research and analysis provider FMX Connect has unveiled an expanded Web portal, with new datasets, including additional commodities content, and a new interface to make it easier for users to access and consume data.
Fixnetix Relocates to Support Growth
Fixnetix has moved its London headquarters to accommodate increasing staff numbers resulting from the vendor's recent expansion, officials say.
S&P Combines Quant, Fundamental Brands in Capital IQ
Standard & Poor's has rebranded its Compustat, ClariFi, SystematIQ Research and MMD Money Market Directory business lines under its Capital IQ Solutions division, to create a unified brand that reflects increased integration among the product lines over…
EquityFeed Strikes Trading Alliances
Montreal-based data vendor EquityFeed has integrated its market data and idea generation terminal product with trading platforms from New York-based direct market access broker Lightspeed Financial and Chicago-based trading terminal vendor Sterling…
BATS Extends Savvis Hosting Deal
BATS Global Markets, the parent company of the BATS Exchange and BATS Europe trading platforms, will this week announce a multi-year deal with network and hosting provider Savvis to expand its datacenter in the vendor's hosting facilities in Weehawken,…
Industry: IoIs Down but Not Out
NEW YORK-Although the tempest over flash orders led Nasdaq OMX and Bats Exchange to discontinue their use, market participants are continuing to use indications of interest (IoIs) to place orders, in an effort to protect the interests of their end users…
Cloud Computing: The Future, Delayed
LONDON-Cloud computing is unavoidable at present-consumer-grade offerings have already hit the market, universities and city governments are using a number of cloud-based applications, while software vendors and cloud service providers are touting its…
Oslo Børs Diversifies Clearing Offering
OSLO-Norwegian exchange operator Oslo Børs has recently signed a memorandum of understanding (MoU) with Oslo Clearing, its existing clearing partner, and LCH.Clearnet to offer exchange members a choice of central counterparty (CCP) clearinghouses.
Brokers Seek Clearing Transparency
LONDON-Price transparency isn't just a front-office concern for brokers as many are seeking better transparency from European exchanges about clearing and settlement tariffs so that firms can calculate fees as a proportion of value traded.
SEC Set to Rein in Dark Liquidity
WASHINGTON, D.C.-In a unanimous vote by the commissioners of the U.S. Securities and Exchange Commission (SEC) last week, the U.S. regulatory body adopted three recommendations put forth by its Division of Trading and Markets to better regulate dark…
Robeco Targets Cuts to Data Spend in 2010
Dutch asset manager Robeco has embarked on a series of initiatives designed to reduce its annual data spend by up to 15 percent over the course of the next year, officials say.
Micex FIX Feed Broadens Vendor Partners
The Moscow Interbank Currency Exchange has signed and expanded data redistribution partnerships with a trio of third-party vendors as the result of launching a new datafeed based on the industry standard FIX and FAST protocols, officials say.
Lime Certifies Open-Source OMS
NEW YORK-Traders seeking to execute on agency broker Lime Brokerage's low-latency trading systems can do so via an open-source offering, as the firm recently certified the Automated Trading Platform (ATP) from open-source order management system (OMS)…
Trayport Targets Smaller Firms with Pre-Trade Risk
LONDON-Commodities trading system provider Trayport plans to lower the barrier of entry for proprietary trading houses and hedge funds to participate in the energy markets with a pre-trade risk offering to be launched in about 12 months, according to…