News
Pricing Vendor CSV Creates Auction Portal
CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter assets.
Aleri Streaming Platforms to Gain Modularity
CHICAGO-Users of Aleri's complex event processing (CEP) engine will have an easier time running multiple projects as the vendor plans on adding modularity capabilities to its modeling tools and language in the next release of the Aleri Streaming Platform…
Data Sync Error Halts Toronto Trading
TORONTO-A glitch that caused a synchronization problem between primary and secondary data feed generators for Toronto Stock Exchange (TSX) and the TSX Venture Exchange gave traders an unexpected day off as the exchange operator, TMX Group, halted trading…
RTS Integrates MatLab
CHICAGO-Users of the RTD Tango algorithmic trading platform from RTS Realtime Systems are now able to perform computationally intensive tasks faster with the integration of The MathWorks' MatLab platform, officials tell DWT .
Gaming Recruitment
Finding fresh talent is never an easy task, but U.S. broker-dealer Interactive Brokers has found a novel way to raise interest in financial technology and scout potential new hires: the Interactive Brokers Collegiate Trading Olympiad. DWT editor Rob Daly…
TT Targets Emerging Market Links
CHICAGO-Derivatives trading system provider Trading Technologies International (TT) is looking to grow its connectivity to liquidity pools in emerging markets, including Asia, the Middle East and Latin America, say officials.
Newedge Extends GL Trade Deal
LONDON-Multi-asset brokerage Newedge is set to consolidate its Paris, New York and Hong Kong operations onto GL Trade's Instant Brokerage platform, which is in place in the broker's U.K. office, officials say.
Liquidnet Preps Four New Algos
NEW YORK-Crossing network provider and agency brokerage Liquidnet is set to roll out four new trading strategies by yearend, DWT has learned.
Credit Suisse Grows Asia TCA Data
Credit Suisse will begin providing its clients in Asia with more detailed post-trade execution analytics in January, officials tell Inside Market Data .
Morningstar Buys Tenfore for Real-Time Play
Chicago-based investment research provider Morningstar plans to integrate its content with that of Tenfore Systems, after buying the UK-based data vendor for £13.5 million in cash last week.
SEC Mandates XBRL for Filings Data
The Securities and Exchange Commission last week ruled to mandate the use of eXtensible Business Reporting Language (XBRL) as an interactive data format for financial filings from all publicly traded US companies, to make it easier for financial analysts…
Carbon Markets Adopt Algo Trading
LONDON-There is now sufficient activity in the European carbon offset market to attract black-box traders, according to European Climate Exchange (ECX) officials.
Iress Rolls Out IOS Plus
MELBOURNE-Iress Market Technology has deployed the next-generation order management system (OMS), Iress Order System (IOS) Plus, to its first institutional client in Australia, DWT has learned.
CSV Creates OTC Auction Portal
NEW YORK-CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter (OTC) instruments.
Aleri Bolsters MLA With Level 1 Data
Chicago-based complex event processing vendor Aleri has added capabilities to its Market Liquidity Analysis engine for creating a consolidated best bid and offer for instruments listed on multiple exchanges and trading venues in Europe, using Level 1…
Groups Urge Buy Side to Reduce Reliance on Rating Agencies
Three industry bodies published guidelines last week, advising asset managers to reduce their reliance on rating agencies when investing in structured credit products.
Iress Expands Asia-Pacific Web Workstation
Iress Market Technology, a Melbourne-based provider of data, order management and wealth management software, plans to add several Asian markets onto WebIress, its online equity information and trading system, in a bid to expand its presence in the…
Apama Preps New Data Adapters
Complex event processing software vendor Progress Apama is building a range of adapters to capture data from currency and derivatives markets, officials say.
CMA Adds Risk Analytics to QuoteVision
UK-based credit derivatives data provider Credit Market Analysis has updated its QuoteVision credit pricing and risk platform with a range of new risk analytics.
HSBC Banks 'Best IT Team' AFTA
NEW YORK-Surrounded by friends and colleagues last week, HSBC's IT team won the coveted Best IT Team award at the fourth annual American Financial Technology Awards (AFTAs) for its work in expanding the bank's emerging markets coverage.