News
BMC Debuts Best Practices for Internal Clouds
HOUSTON-To help capital markets firms establish their own internal cloud computing infrastructures, IT and business service management provider BMC Software has released a set of best practices, dubbed the Business Service Management (BSM) platform.
Finding the Trading Platform Middle Ground
Top-tier financial institutions have suffered much over the past year, but their losses may benefit smaller firms, which are well-positioned to pounce. As the transformations brought about by the Markets in Financial Instruments Directive (Mifid) began…
Building for Better Service
As the intergration work between the brokerage activities of Société Générale (SocGen) and Calyon Financial to form Newedge nears completion, the broker-dealer looks to focus on other issues. DWT European reporter Cecilia Bergamaschi sat down with…
Citi Sets September Migration Deadline for Velocity
NEW YORK-Citi will complete the migration of all clients to CitiFX Velocity, from incumbent foreign exchange (FX) e-commerce system CitiFX Trade, by mid-September, according to a senior official.
IPC Cuts Staff, Reassesses Strategy
LONDON-After recently downsizing, trading floor communications technology provider IPC Systems is in the process of redefining its business strategy, DWT has learned.
Brewin Dolphin Flips Data to Fidessa
UK-based private client stockbroker Brewin Dolphin has deployed more than 700 positions of the Fidessa Workstation market data application to support its network of brokers and advisors, replacing legacy products from Thomson Reuters.
Portware Readies New Options Front End
NEW YORK-Execution management system (EMS) provider Portware is currently testing a new options front-end trading system, dubbed Portware Options, slated to be released between the end of the third quarter and the beginning of the fourth quarter this…
ClearSight Rethinks Cronos Latency Product
Fremont, Calif.-based network monitoring provider ClearSight Networks has suspended development of version 2.0 of its Cronos execution latency monitoring product as a result of the current economic downturn, officials say.
ClearSight Scraps Cronos 2.0 Development
FREMONT, CALIF.-Network monitoring technology provider ClearSight Networks has scrapped plans to finish developing the second phase of its Cronos product, according to vendor officials.
Chi-X, TS-A Prep Latency Management Tools
Multilateral trading facility Chi-X Europe is preparing to deploy peer-to-peer latency monitoring technology from TS-Associates to enable its trading members to receive market data and order confirmation messages time-stamped with nanosecond granularity,…
IP Trade Expands Asia Business
NEW YORK-In order to expand its business into new markets, Internet protocol- (IP)-based trading communications platform provider and turret vendor IP Trade will open a new office in Asia later this summer, DWT has learned.
FFastFill Expands Asia-Pacific Markets Footprint
LONDON-To deliver better performance to its customers in the Asia-Pacific (Asia-Pac) markets, electronic-trading software provider FFastFill plans to add three new datacenters in the region that will host its software-as-a-service (SaaS) offerings.
TNS Preps New Canadian PoP
TORONTO-Telecommuni- cations network and services provider Transaction Network Services (TNS) is in the process of relocating one of its two Toronto points of presence (PoPs) to a new facility, DWT has learned.
Alpes Broadens Apama CEP Use for Risk
SÃO PAULO-To aid in its entrance to high-frequency trading on the Brazilian BM&FBovespa electronic exchange, local broker-dealer Alpes Corretora de Câmbio, Títulos e Valores Mobiliários plans to develop post-trade risk management strategies using complex…
BOX Moves into Equinix Datacenter
The Boston Options Exchange has signed a four-year contract to host its primary matching engine and data distribution technologies in a Secaucus, NJ-based datacenter operated by Equinix.
Fitch Upgrades Research Site for Public Users
Fitch Research, the Web-based subscription service from ratings agency Fitch, will this week migrate all of its public Website users onto a new site that was originally developed to support paying subscribers.
BATS Readies Options Data
BATS Exchange is developing variations of its Level 2 Multicast PITCH and Level 1 TOP datafeeds to carry data from its BATS Options market, which is scheduled for launch in the first quarter of 2010.
Capital IQ Extends Functionality
Standard & Poor's Capital IQ division has rolled out a new release of its desktop platform with features that allow users to incorporate its data into their workflow more easily.
Statpro Targets Euro Data Market
UK-based buy-side technology and data vendor Statpro plans to expand its end-of-day and intraday pricing business in Europe and broaden its coverage of index data to support its performance attribution analytics.
Alpes Broadens Apama CEP for Risk Analytics
Brazilian broker-dealer Alpes Corretora de Câmbio, Títulos e Valores Mobiliários, is seeking to extend its deployment of Progress Apama's complex event processing technology to develop risk management analytics that support its move into high-frequency…