News
SML To Launch Volatility Signal Subscriber Service on Hedgehogs
UK-based analytics vendor Something Modern Logic plans to make its Miri volatility trading signals available as a paid subscription service via Hedgehogs.net, an information portal targeted at hedge funds and their brokers and service providers, within…
Acquire Eyes Relegence Users with Cohen
In the wake of AOL closing its Relegence news aggregator business, Roseland, NJ-based news provider Acquire Media has begun a hiring campaign to bolster its team and potentially offer a migration path to former Relegence customers.
AboveNet Bolsters UK Fiber Network
Global network service provider AboveNet is expanding its fiber-optic network to meet increasing demand for direct fiber connectivity to growing numbers of exchanges and multilateral trading facilities located in and around the city of London.
Alpha Preps Canadian Consolidated Feed
Alpha Trading Systems, an alternative trading system set up by nine Canadian banks and broker-dealers, is planning to launch its own consolidated tape of Canadian market data, to compete with exchange group TMX, which the Canadian Securities…
FTEN Gets Flying Start in Europe
LONDON-New York-based direct market access (DMA) and trading technology provider FTEN has bolstered its European product offering as it looks to grow its local presence following the appointment of Valerie Bannert-Thurner from Skyler Technology to head…
Icap, Fincad Bow Valuation Tool
Interdealer broker Icap and derivatives valuation and risk management software vendor Fincad will this week launch Fair Value Insight, a Web-based solution for users to subscribe to independent portfolio valuation reports that integrate Fincad's…
Telekurs Expands Fund Pricing Tech
Swiss data vendor SIX Telekurs has finished fine-tuning an expanded deployment of technology from UK-based vendor Web Services Integration, to help automate collection of fund data as part of Telekurs' Funds Fast intraday pricing service.
WSS Unveils Mobile News Apps
New York-based news aggregator Wall Street Source will this week launch a series of new applications for delivering news to mobile devices, aimed at increasing takeup of the vendor's services outside of its core trading floor user base, officials say.
FTEN Preps Europe Partners
New York-based market data, trading and risk technology vendor FTEN is enlisting partners to provide European data and connectivity, having already bolstered its European offering with connections to exchanges and trading venues in the region.
DoJ Probes CDS Data Business
The US Department of Justice (DoJ) has begun an investigation to identify anti-competitive forces in the credit derivatives data business.
Connors Readies Rise of The Machine
Connors Group, a provider of financial information and commentary portals, has launched a beta version of The Machine, a Web-based tool for traders that predicts the likelihood of price movements based on historical performance.
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.