News
Athens Exchange Weathers Riots, Strike
ATHENS-The civil unrest triggered by shooting of a 15-year-old boy and a general strike in the Greek capital put the Athens Exchange on alert; however, the events did not impede exchange operations, say exchange officials.
Panel: Proper Prioritization Key to Survival
NEW YORK-As the global economic crisis deepens and spreads, financial firms need to prioritize their operations and focus on their core business to weather the storm, according to industry participants.
Central Asia to Gain New Exchange
ALMATY, Kazakhstan-A consortium of firms is set launch a commodity exchange in Central Asia-dubbed JSC Eurasian Trading System (ETS)-in the first quarter of next year, according to consortium officials.
CME Readies RLC-FAST Feed Cutover
The Chicago Mercantile Exchange is preparing to discontinue its legacy RLC data format within the next two weeks and consolidate data distribution on the bandwidth-reducing FIX FAST (FIX Adapted for Streaming data) format that it first rolled out in…
CA Cheuvreux to Offer Saudi DMA Trading
PARIS-Through the use of contracts for difference (CFDs), CA Cheuvreux, the brokerage arm of Crédit Agricole, plans to introduce direct market access (DMA) trading capabilities to Saudi Arabia's markets in the first quarter of next year, DWT has learned.
Credit Suisse Expands Asian Crossing
Hong Kong-Credit Suisse plans to roll out its CrossFinder and CrossFinder+ crossing engines to new markets in Asia next year as well as provide new regional post-trade reporting functionalities to the platforms's users in the region, according to bank…
Trading Metrics Restructures in Survival Bid
New York-based latency monitoring software vendor Trading Metrics is cutting back operations and restructuring, after failing to raise more funding or reach agreement on a sale to safeguard the business, which hit trouble when the economic crisis forced…
Micex Beta Tests FIX FAST Datafeed
The Moscow Interbank Currency Exchange (Micex) last week began testing a new datafeed based on the FIX protocol and FAST (FIX Adapted for Streaming data) compression algorithms, officials tell Inside Market Data .
Sophis Readies Platform Revamp
NEW YORK-French cross-asset trading and risk management platform vendor Sophis is set to begin regression and capacity testing for the next version of its products by the start of 2009, vendor officials tell DWT .
Pivot Names John Eley CEO
BOSTON-Secure communications platform provider Pivot has appointed the former CEO of foreign exchange (FX) ECN Hotspot FX John Eley the vendor's new CEO, vendor officials announced today, Dec. 8.
Quod Takes On The Big Apple
NEW YORK-Officials from multi-asset class order management system (OMS) provider Quod Financial have announced today, Dec. 8, that the vendor has launched operations in New York.
West Highland, ITRS Unveil Joint Support Offering
New York-based market data support and remote system management services provider West Highland Support Services has partnered with ITRS, a London-based systems monitoring software vendor, to create a joint consolidated offering that integrates ITRS'…
Markit Unveils Share Analytics Tool
UK-based data vendor Markit has launched a market share analysis tool, dubbed Markit MSA (Market Share Analysis), which collates data contributed from 11 major banks and displays the volume of trades executed by each bank across different European…
Interactive Data Adds Pure Trading to PlusFeed
Interactive Data has added real-time data from Canadian alternative trading system Pure Trading to its PlusFeed low-latency datafeed, in a move designed to continue the vendor's ongoing expansion in coverage, and to bring increased transparency to firms…
NYSE Secures SEC Go-ahead for Arca Fees
The New York Stock Exchange is to begin charging fees for its ArcaBook market depth feed from January, after receiving final approval to charge for the data from the Securities and Exchange Commission last week.
Report: Latency Spend to Continue
Financial institutions are continuing to invest more money in latency-reducing technologies, despite constrained budgets resulting from the ongoing financial crisis, according to a research report published last week by Datamonitor.
Thomson Reuters Enhances .X With BBO, Time and Sales
Thomson Reuters will change the structure of its .X suffix, which is used for viewing consolidated European market data, to address the cost of subscribing to the feed, officials tell Inside Market Data .
LSE Reshuffles Italian Info Services
The Borsa Italiana division of the London Stock Exchange Group has reorganized the business development arm of its information services business, resulting in new responsibilities for Milan-based product management staff.
Market Crisis Pushes IT Agility
LONDON-The economic downturn is forcing firms to reassess their IT strategies in order to keep ahead of the competition in the coming year, according to industry participants.
RTS Debuts FIX-based DMA System
MOSCOW-In the face of the financial crisis, Russian Trading System Stock Exchange (RTS) officials are working on technology projects in an attempt to lure foreign investors.