News
Glitch Leads to $31 Billion Trade Snafu for UBS
TOKYO-Due to a system error, a Japanese unit of Swiss bank UBS mistakenly place a ¥3 trillion ($31 billion) order for convertible bonds for computer games vendor Capcom last week instead of an intended ¥30 million ($304,200) trade.
Sybase Moves to Raise its IQ
Sybase will next month release version 15 of its IQ analytics server, with improvements for loading and processing higher volumes of real-time data to address data compliance and risk analytics functions.
BT Taps Corvil for Latency Monitoring
Network and hosting services provider BT Global Financial Services has struck a deal to integrate the CorvilNet platform from Dublin-based latency monitoring platform provider Corvil into BT's network management capabilities, to optimize the performance…
Sybase Debuts Analytic Server Upgrade
DUBLIN, CALIF.-Enterprise software and services provider Sybase has released the latest version of its Sybase IQ analytics server, today, Feb. 23.
StreamBase Builds PlusFeed Adapter
Complex event processing software vendor StreamBase Systems will next month release a preconfigured adapter for Interactive Data's PlusFeed consolidated datafeed, in response to growing client demand for the vendor's data.
FirstRain Adds Debt-Search Capabilities
Calif.-based research and Web content aggregator FirstRain will this week include new content on corporate and municipal debt with a range of topics that subscribers can use to create meaningful commentary on a company's or state's creditworthiness based…
RAN Revamps Web ‘Squawks'
London-based audio news and commentary provider RAN (Real-time Analysis & News) will next week roll out a new version of its Ransquawk Web site, to enable the vendor to provide real-time and delayed versions of its Web-based squawk service, and to expand…
TNS Sports New Network Management System
NEW YORK-Telecommunications network and services provider Transaction Network Services (TNS) is in the process of rolling out its network management platform, dubbed Network Management System (NMS), to its global clients, DWT has learned.
Hi-mtf Retools for Sovereign Debt
MILAN-Italian-based fixed-income multilateral trading facility (MTF) Hi-mtf is in the process of adapting its trading platform to support government bond trading, which should go live in the second quarter, officials tell DWT .
Aegisoft Gains U.S. Client
LONDON-A major U.S. bank has gone live with execution management system (EMS) AthenaTrader 4.2 for foreign exchange (FX) last week, says a senior official at technology vendor Aegisoft.
LSE Preps Phase Two of Co-Lo Service
The London Stock Exchange is preparing to roll out the second phase of its Exchange Hosting co-location service, which will include the provision of low-latency data from other exchanges and multilateral trading facilities to its co-location clients,…
Burgundy Readies for May Launch
STOCKHOLM-Officials at Nordic multilateral trading facility (MTF) Burgundy are in the final stages of preparation for the MTF's scheduled May launch.
Skyler Hires Ford for Product Expansion
Concord, Calif.-based liquidity discovery and tick database provider Skyler Technology is planning to expand its products into new business areas and asset classes this year, and has hired former Proquote chief operating officer Mark Ford to spearhead…
Knight Grows N.J. Datacenter
JERSEY CITY, N.J.-To meet the demands of its growing electronic trading business, broker-dealer Knight Capital Group is currently building out additional space in its datacenter and on its trading floor, DWT has learned.
Nasdaq OMX Unveils Govt. Relief Index
Nasdaq OMX will this week launch a new index designed to measure the performance of European companies that have received government aid, and to be a tool for traders who invest in those companies as a basket of stocks, officials tell Inside Market Data .
Eastern Europe Exchanges to Standardize Platforms
BUDAPEST-A Central and Eastern European exchange conglomerate formed by Budapest Stock Exchange (BSE), Ljubljanska Borza, Prague Stock Exchange and Weiner Börse, plans to adopt Deutsche Börse's Xetra as a single trading platform across the markets,…
BT, Corvil Enter Low-Latency Agreement
LONDON-Telecommunications giant BT has entered into the realm of latency monitoring services via a partnership with latency monitoring platform provider Corvil, BT officials announced today, Feb. 23.
Aleri Boosts Sales and Support Staff
Chicago-based complex event processing technology vendor Aleri has hired new sales and support staff to increase sales and gear up for the upcoming launch of its Liquidity Risk Manager product.
Appro Readies GreenBlade
MILPITAS, CALIF.-Enterprise server maker Appro will release its new GreenBlade system designed to run high-performance and high-density computing applications tomorrow, Feb. 17.