News
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.
New Tech and Planning Deliver Lower Latency
LONDON-Financial firms are facing opposing forces in the latency battle, according to industry participants. Organizations are attempting to reduce costs but also to increase speed in a scenario where data volumes require more system capacity, they say.
Leadership Key for IT Hires
NEW YORK-As firms on Wall Street grapple with the current turmoil in the financial markets, they are looking to well-rounded IT professionals to help get them through it, according to industry experts.
Hybrid Demand Continues to Dominate Fixed Income
BOSTON-Despite the proliferation of electronic trading platforms in fixed income, the hybrid model is still the most sought-out approach, according to industry watchers.