News
Pure Trading Readies For New Year
As the European and Asian markets mature, broker-dealers and investment banks look north of the U.S. border for their next frontier. DWT U.S. reporter Oksana Poltavets sits down with Richard Carleton, vice president of corporate development for CNSX…
Knight Enlists Quant House in Europe
Knight Capital has begun using low-latency data and connectivity to European markets from French data and trading technology vendor Quant House, to support its London operations, officials tell Inside Market Data .
BarCap Reaches Integration Milestone
LONDON-The investment banking division of Barclays Bank, Barclays Capital (BarCap), has recently completed a major phase in its integration of systems acquired from defunct Lehman Brothers, according to officials.
ISE, Xasax Partner for Member Data
The International Securities Exchange is preparing to offer low-latency access to data from other equity and options exchanges for members that co-locate trading servers within its datacenter, by allowing connectivity provider Xasax to set up access to…
Direct Edge Vies for Exchange Status
JERSEY CITY, N.J.-In the latest bout of exchange applications, ECN operator Direct Edge plans to formally file for dual exchange licenses with the U.S. Securities and Exchange Commission (SEC) in a matter of weeks.
Direct Edge Preps ISX Data Integration
Jersey City, NJ-based ECN Direct Edge plans to revamp its trading and data distribution systems this year, following the purchase of the ISE Stock Exchange (ISX) from the International Securities Exchange.
SunGard Rebrands GL Trade
PARIS-As part of its integration effort, trading software and services giant SunGard has changed the name of recently acquired Paris-based exchange connectivity and trading platform provider from GL Trade to Global Trading, vendor officials tell DWT .
Correlix Revises Latency Tool
Latency management software vendor Correlix has upgraded its Latency Intelligence system for monitoring latency in data distribution and order flow, to provide more detailed data analysis, and to enable clients to react faster to latency issues.
TMX Preps Ontario, Quebec Indexes
TMX Group, the merged Toronto and Montreal exchanges, is preparing to launch two fixed-income indexes, each comprising six benchmark bonds issued by the Canadian provinces of Ontario and Quebec, officials tell Inside Market Data .
Deutsche Börse Buys MNI for Algo News
German exchange group Deutsche Börse is planning to create a feed of machine-readable news for use in algorithmic trading, as a result of its acquisition of newswire provider Market News International from Xinhua Finance, according to a spokesperson for…
Do More Than Just Keep the Lights On
The new mandate for successful investment banking technology architectures is clear-they have to be fast, flexible and cheap. We live in interesting times. Program trading volumes continue to climb while the world is in the worst recession in more than…
The Tech Year Ahead
Wall Street as we know it has changed forever. We'll remember 2008 for the struggle and demise of some of the largest and most venerable institutions, with spikes in equity market volume and volatility the likes of which we have never seen. Technology…
Mining for Power-Saving Gold
This year IT needs to lean down. Effectiveness, efficiency and cost deferral will play a much larger role in decision-making as IT budgets flatten or shrink. For many IT shops, substantially increasing their energy efficiency is a matter of picking up…
IT Trends, Challenges in Energy Trading
Last year saw massive volatility in energy and commodity markets, the credit contraction-and the resulting decrease in market participants-and increased regulatory scrutiny. This is the context for 2009 where we can see continual improvements in…
Economic Woes Drive Asian Exchange Upgrades
HONG KONG-The harsher economic climate in 2009 means that Asian exchanges have a greater imperative to upgrade core exchange technology in order to be more competitive globally, according to the authors of a recently released white paper from industry…
NYSE Files OpenBook, NOII Changes
The New York Stock Exchange has filed two proposed rule changes with the Securities and Exchange Commission, to introduce non-professional fees for its OpenBook order book feed and separate fees for its NYSE Order Imbalance Information feed.
Nasdaq OMX Readies Genium Feed, Slates XTP Delivery for Retirement
Nasdaq OMX will roll out a full production version of its Genium Market Info feed to distribute data from its Nordic and Baltic markets in the first quarter of this year, and plans to consolidate its feeds onto two data distribution platforms after…
Data Volumes Drive BATS Multicast Feed
The BATS Exchange (formerly BATS Trading) will next week release a multicast version of its PITCH datafeed for beta testing, in response to client demand for better handling of rising volumes of quote and trade data over its platform, officials tell…
HSBC Eyes End of Derivatives Platform Migration
LONDON-As part of its continuing initiative to standardize platforms across the bank, HSBC is nearing the completion of the move of its global cash derivatives business onto its Fidessa order management system (OMS), DWT has learned.