News
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.
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…