News
Savvis Slates 2010 Launch for Project Spirit
LONDON-Rolling out the capabilities of a new datacenter might be as simple as clicking a mouse button if cloud computing platform Project Spirit gets off the ground, according to officials from network and hosting facilities provider Savvis.
Front End Vendors Move Spreader Algos to Servers
NEW YORK-Multi-asset traders looking to shave extra milliseconds of latency off their spread-order trade messages have two new options as trading platform providers CQG and Trading Technologies International (TT) move their respective spreading…
Industry: Regulators Must Clarify Sponsored Access Rules
LONDON-Sponsored access, also known as "naked access," is generating heated debates on both sides of the Atlantic as the U.S. Securities and Exchange Commission (SEC) talks of banning the practice while European regulators muddle through attempting to…
Interactive Brokers Readies Mobile Trading Release
GREENWICH, CONN.- Traders who use Apple iPhones will be able to step away from their desks as prime broker Interactive Brokers (IB) is preparing to launch an iPhone-enabled version of its Trader Workstation (TWS) trading front end, dubbed iTWS, brokerage…
ISE Unveils ‘Top Quote' Level 1 Feed
The International Securities Exchange is beginning a controlled rollout of a new direct feed of top-of-book data, dubbed Top Quote, after re-architecting the infrastructure that produces the exchange's best bid and offer to reduce latency and increase…
Markit Boat to Cut Real-time Data Fees
Markit is reviewing its policy for licensing real-time data from Markit Boat, its trade reporting facility for over-the-counter equity trades, and will slash the cost of subscribing to real-time data from Boat at the beginning of next year, officials…
Oslo Børs Continues TradElect Migration
OSLO-Operators of the Oslo Børs have confirmed plans to continue the exchange's matching engine migration to the London Stock Exchange's (LSE's) TradElect platform, despite the U.K. exchange's recent acquisition of exchange platform provider MillenniumIT.
Saxo Initiatives Slash Data Spend
European investment bank and online broker Saxo Bank will cut its market data costs by 28 percent this year compared to 2008 as a result of a series of initiatives imposing tighter controls on data usage, to reduce the firm's usage of services that do…
Bids Preps for Datacenter Move
NEW YORK-By the end of the year, operators of alternative trading system (ATS) Bids Trading expect to relocate their systems to their own datacenter facility within the Equinix NY-4 datacenter located in Jersey City, N.J., according to Bids officials.
RTI Unveils Data Routing Service
Messaging provider RTI will this week allow early adopters to begin testing its RTI Routing Service, a software router for distributing, transforming and filtering data between DDS (Data Distribution Service) systems that improves integration between…
Thomson Reuters Launches Indexes
Thomson Reuters last week completed the initial rollout of a suite of country, regional and sector indexes that officials say will provide clients with more granular classifications for portfolio benchmarking and creating index-linked products.
Plus Adds Data for All AIM Stocks
UK-based small-cap and mid-cap exchange Plus Markets Group has expanded its datafeed with the addition of all stocks listed on the London Stock Exchange's Alternative Investment Market.
TradElect Replacement Fuels LSE's MillenniumIT Buy
LONDON-In a move that surprised many in the industry, the LSE Group recently announced plans to acquire Sri Lankan exchange platform provider MillenniumIT in a deal priced at £18 million ($30 million), say exchange officials.
Chimera Securities Rolls Out OneTick
New York-based proprietary trading firm Chimera Securities is deploying the OneTick historical and real-time tick data processing solution from tick data management and analytics vendor
Bank Leumi Takes WSS FX Options Module Live
TEL AVIV-Bank Leumi went into production with Wall Street Systems' (WSS's) foreign exchange (FX) options module for the middle- and back-office processing of vanilla, exotic and non-deliverable options at the end of August, DWT has learned.
Options IT Acquires BNP Paribas IaaS Unit
NEW YORK-Infrastructure-as-a-service (IaaS) provider Options IT has expanded its U.S. datacenter footprint with the acquisition of the assets and clients of BNP Paribas' infrastructure hosting business, officials announced today, Sept. 21.
Bats Mulls Second U.S. Quote
KANSAS CITY, MO.-The operators of the Bats Exchange plan to file an application with the U.S. Securities and Exchange Commission (SEC) for a second equities exchange license for a new exchange to be called BYX, according to officials.
Carnegie Bank Upgrades PC Blades
NEW YORK-As part of a trading floor re-fresh, Swedish investment bank Carnegie Bank plans to roll out the latest version of ClearCube Technology's quad-monitor PC blade platform across its trading floor, vendor officials announced today, Sept. 21.
NYSE Euronext Preps EU Data Policy
NYSE Euronext plans to adopt a new European data policy for members later this month, similar to the model adopted for its US data products earlier this year ( IMD , March 23), officials say.