News
Icap Plans to Launch MTF
LONDON-Interdealer broker Icap is one step closer to achieving exchange status as it prepares to deploy a new multilateral trading facility (MTF), according to officials.
CNQ Migrates to New Feed Format, Delivery
Canadian stock exchange CNQ has revamped its datafeed offering and has begun distributing data direct to subscribers, as well as via the Toronto Stock Exchange, following the migration of its market onto a new trading platform.
Open Source Gains in Front Office
NEW YORK-In an effort to bring open source to the sell side, open-source order management system (OMS) developer Marketcetera is teaming with professional services firm dbConcert to create a services package for broker-dealers, officials tell DWT.
Turquoise Taps Corvil for Latency
DUBLIN-European multilateral trading facility (MTF) Turquoise has selected an offering from networking and latency management tools vendor Corvil to monitor latency within its London market center.
360T Adds Multi-Leg Swaps
FRANKFURT-Multi-dealer trading platform vendor, 360 Treasury Systems (360T) introduced multi-leg foreign exchange (FX) swap trading on its cross-product trading platform, 360T TEX, in response to client demand today, Oct. 13, according to vendor…
Fidessa Adds 'Global' US Ticker to Support New Trading Platform
UK-based trading technology and data provider Fidessa has set up a global ticker plant in North America to collect data from exchanges and markets carried by the vendor worldwide, to support its creation of a hosted US trading platform (USTP) for…
Turquoise Taps Corvil for Latency Management
Pan-European multilateral trading facility Turquoise plans to set up a pilot program to provide latency metrics to member trading firms using software from Dublin-based latency monitoring technology vendor Corvil.
YouDevise Speeds Up Trade Ideas
Trade ideas distribution utility YouDevise has rolled out changes to its technology in response to demand from sell-side and buy-side firms to be able to speed up distribution and capture of trade ideas, which is being driven by current market volatility…
NYSE Ramps Up Arca Bandwidth
NYSE Euronext last week almost doubled the bandwidth required by trading firms to receive the ArcaBook multicast feed of equities data from its NYSE Arca market in the face of rapidly rising data volumes, giving subscribers only a few hours' notice to…
Capital IQ Buys Reuters Research, Estimates Copies
Standard & Poor's subsidiary Capital IQ has launched a proprietary estimates service and plans to unveil access to proprietary aftermarket research by year-end, after acquiring copies of the Reuters Estimates and Reuters Research on Demand databases from…
Chi-X Preps Sponsored Hedge Fund Co-Lo
Instinet's pan-European multilateral trading facility Chi-X aims to have its first hedge fund clients trading via a new sponsored co-location service before the end of this year, officials tell Inside Market Data .
Asia Passes U.S. in 2009 IT Spending Growth
HONG KONG-Asia is expected to hold steady, while IT spending in the U.S. will likely slow next year to more than originally expected, according to a recent report published by Forrester Research.
TSEC Consults NYSE for Platform Update
TAIPEI-The Taiwan Stock Exchange (TSEC) has entered into an IT assessment cooperation with NYSE Euronext. The design consultation involves a comparison of TSEC's current trading platform and that of the New York Stock Exchange (NYSE), according to TSEC…
Tocom Readies Co-Location
TOKYO-Staring in May 2009, commodity traders on the Tokyo Commodity Exchange (Tocom) will have the option to co-locate their servers in the exchange's datacenters, say officials
Chi-X Debuts Sponsored Access
LONDON-Clients of Chi-X Europe's trading participants are now able to connect directly to the multilateral trading facility's (MTF's) core matching engine, according to MTF officials.
Fragmentation Leads to Spending Uptick
LONDON-Brokerage firms are expected to increase IT spending by 3 percent compound annual growth rate (CAGR) for the next two years in Europe as the market continues to fragment, according to the authors of a recent study. Brokers are anticipated to spend…
Knight Quests for Rendezvous' Replacement
NEW YORK-Knight Capital Group is beta testing an internally developed messaging software that the firm plans to roll out later in the fourth quarter of this year to replace existing layers including its Tibco Rendezvous messaging layer, according to…
SunGard, Fidessa Add Global Equities Execution
NEW YORK-In the drive to meet growing client demand for trading on international markets from the U.S., SunGard and Fidessa have added capabilities to trade cash equities markets outside the U.S. to their respective order management systems (OMSes),…
MTFs Continue to Bank on EMCF
LONDON-Despite the forced acquisition of Fortis Bank Nederland by Dutch authorities, multilateral trading facilities (MTFs) relying on the European Multilateral Clearing Facility (EMCF), which is run by the bank, will continue regular operations,…
Baxter to Add Algos
NEW YORK-Customers trading on the Baxter ECN from venue operator and foreign exchange (FX) technology provider Baxter Financial Services will have algorithmic capabilities by the end of the year, DWT has learned.