News
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.
Knight Unveils Data Capacity Projects
Knight Capital is in the midst of a series of technology upgrade programs designed to enable the broker to cope with ever-increasing volumes of market data, officials tell Inside Market Data .
Reliance Readies Euro MTF Access
Network provider Reliance Globalcom is preparing to provide access to market data from a swathe of European trading venues via its Yipes FinancialConnect network, officials say.
Winterflood Preps Fixnetix MTF Data
UK-based market maker Winterflood Securities is implementing data and connectivity services from low-latency data infrastructure provider Fixnetix, to support trading on three pan- European multilateral trading facilities, officials tell Inside Market…
Icap Expands i-Cross to Europe
LONDON-Interdealer broker Icap is in the process of expanding its low-latency connectivity service, i-Cross, to datacenter hosting provider Equinix's London-Slough Internet Business Exchange (IBX) datacenter, officials announced today, Oct. 6.
Marco Polo Delivers Trading Front Ends
NEW YORK-As part of an ongoing initiative to expand its footprint within the emerging markets, FIX-enabled trading network provider Marco Polo Network announced today, Oct. 6, that it will be bundling the IMTrader secure instant messaging and trade…
BNY ConvergEx Taps StreamBase CEP
NEW YORK-Agency brokerage BNY ConvergEx has rolled out complex event processing (CEP) software from Lexington, Mass.-based technology provider StreamBase to monitor trading and market data in its U.S. equities trading operations.
CME Outsources E-quotes Data App to CVS
CME Group has rolled out a new version of its Web-based E-quotes data display application and wireless add-on that incorporates data from acquisitions the Chicago Board of Trade and the New York Mercantile Exchange, and is completely built and hosted by…
Icap Enlists Equinix for European EBS Co-Lo
Icap has extended a deal with datacenter provider Equinix to give European clients access to low-latency data from Icap's EBS spot foreign exchange trading platform.
Tervela Launches Options 'Package'
Hardware-based messaging provider Tervela will this week unveil a version of its Tervela Message Network, specifically designed to address the needs of high-volume options market makers.
Fixnetix Connects to Nasdaq Europe
UK-based low-latency data provider Fixnetix has rounded out its European MTF data offering with connectivity to Nasdaq OMX's recently launched pan- European multilateral trading facility.
Capital IQ Expands Credit Content
Standard & Poor's subsidiary Capital IQ has released an upgrade to its Web-based data terminal that adds new content and capabilities, with a focus on the credit markets, officials say.
OptionMetrics Preps Historical Tick Analytics
Options analytics provider OptionMetrics is building an archive of historical options tick data in order to run specialist volatility analyses to enable quantitative analysts and traders to determine optimal trading and hedging strategies.