News
Tibco Debuts Messaging ‘Appliance'
Tibco will this week unveil its new hardware-based messaging appliance, which embeds the vendor's Rendezvous middleware product into networking hardware to reduce messaging latency and server space requirements while handling rising data throughput.
Equiduct Trading Sets New Launch Date
LONDON-After pushing back the launch date for Equiduct Trading, the multilateral trading facility's (MTF's) officials expect the venue to go live later this quarter.
PhaseCap Rolls Out StreamBase CEP
Boston-based PhaseCapital, a new quantitative investment firm that will launch next month, has rolled out technology from complex event processing software vendor StreamBase Systems for managing market and trade data within the firm's proprietary…
Baikal Selects TradElect
LONDON-The London Stock Exchange's (LSE's) dark-liquidity trading platform, Baikal, will run on the exchange's TradElect trading platform and is scheduled to go live in June this year, according to recent industry reports.
Reliance Boosts European Coverage
Network provider Reliance Globalcom has expanded the coverage of European trading venues available via its FinancialConnect extranet with the addition of access to multilateral trading facilities Chi-X, Nasdaq OMX Europe and BATS Europe.
Acquire Grows Web Data Tools
Roseland, NJ-based news aggregator Acquire Media is expanding the custom service it provides for incorporating information culled from Web sites and blogs based on lists of preferred Web-based information sources provided by clients.
Dow Jones Adds Ratings to Algo News
Dow Jones is enhancing its Elementized News Feed to incorporate ratings changes from Standard & Poor's in a standardized data format that allows the information to be easily integrated into algorithmic and black-box trading strategies, officials tell…
European CCP Expands into Spain
LONDON-The European subsidiary of the U.S. Depository Trust and Clearing Corp. (DTCC), the European Central Counterparty (EuroCCP), expects to start offering clearing and settlement of equities from Spain next month.
Experts Predict Portfolio Platform Growth
NEW YORK-The industry is ripe for a growth spurt of portfolio trading technologies and tools to help traders better execute their strategies, according to a recent industry report.
Market Slump Prompts Orc Realignment
STOCKHOLM-Trading technology and connectivity provider Orc Software is set to shut 20 percent of its offices worldwide as well as implement a 15 percent reduction to its workforce, according to vendor officials.
Reliance Expands With MTF Hat Trick
NEW YORK-In an effort to expand its services in Europe, network provider Reliance Globalcom has connected its Ethernet-based financial extranet, FinancialConnect, to three multilateral trading facilities (MTFs), vendor officials announced today, Jan. 26.
StanChart Rolls Out FX Aggregation
SINGAPORE-Standard Chartered Bank (StanChart) has completed the first phase of its implementation of Progress Apama technology by going live in four cities on the vendor's foreign exchange (FX) liquidity aggregator.
UNX Adopts 4th Story
NEW YORK-Direct market access (DMA) clients of agency brokerage UNX now have access to trading algorithms via automated-trading technology provider 4th Story's 4S.BlueRidge algorithm trading server, vendor officials announced today, Jan. 26.
BofA Bows Sybase RAP for Risk Data
Bank of America Securities has begun a project to consolidate data from across different business lines to produce more accurate, real-time risk and pricing metrics, using Sybase's RAP (Risk Analytics Platform) Trading Edition.
Euro Consolidated Tape Debate Heats Up
As data vendors launch new products to address fragmentation of trading and data caused by the Markets in Financial Instruments Directive, European multilateral trading facilities continue to call for a standardized source of European equity data for…
NYSE Preps Non-CTA Trade Data Feeds
The New York Stock Exchange will this week begin a pilot test phase of two new feeds of trade data from its main NYSE and NYSE Arca markets, separate from the Consolidated Tape Association feed, to meet the latency needs of high-frequency trading firms,…
Fidessa Launches Boutique Platform
NEW YORK-Order management system (OMS) and market connectivity provider Fidessa announced the launch of its new Maax trading platform, targeted at the growing number of boutique institutional agency brokers, today, Jan. 19.
FTSE Readies Italian Indexes
FTSE Group, the index provider venture of the Financial Times and the London Stock Exchange, has secured a deal to calculate and distribute Italian equity benchmark indexes on behalf of LSE-owned Borsa Italiana.
RMA Streamlines European Ops; Expands in North America
Data contract and usage policy consultancy Rights Management Associates has restructured its operations to reduce its cost base in Europe, and has hired an executive to increase support in the Americas.