News
India's NSE Migrates Network to Cut Latency
The Mumbai-based National Stock Exchange of India is migrating from a market data distribution network that uses the legacy x.25 protocol to a new network utilizing TCP/IP, to increase capacity and reduce latency.
TMX Makes Final Quantum Leap
TORONTO-TMX Group, operator of the Toronto Stock Exchange (TSX) and the Montréal Exchange (MX), is now trading solely on its new platform, Quantum, say exchange officials.
Bursa Malaysia Takes DMA Live
KUALA LUMPUR-Bursa Malaysia has implemented its second direct market access (DMA) gateway for its derivatives market, but is experiencing delays in migrating cash equities onto a new platform, say exchange officials.
Nyfix to Release 'Integrated' Ioinet
NEW YORK-Global crossing network provider Nyfix hopes to release within the next six months the integrated version of the Ioinet platform, which Nyfix acquired when it purchased indications of interest (IoIs) network provider Fixcity earlier this year,…
Omgeo to Expand CTM to Derivatives, FX
NEW YORK-Post-trade utility Omgeo plans to offer support for exchange-listed derivatives and foreign exchange (FX) trades on its automated settlement platform Central Trade Manager (CTM) by mid-2009, Omgeo officials tell DWT .
TMX Preps Pan-Canadian Datafeed
Exchange group TMX, which was formed by the merger of the Toronto and Montreal exchanges, is beta testing a low-latency consolidated datafeed of full Level 2 data from all visible markets in Canada.
Thomson Reuters Averts IM Shutdown
Thomson Reuters last week migrated its instant messaging service to a new compliance engine from Global Relay, a Vancouver, BC-based provider of email archiving and compliance software, in time to prevent having to shut down Reuters Messaging after…
ISE Price Glitch Sparks Opra BBO Error
A technical problem with a software update at the International Securities Exchange caused problems with the best bid and offer data calculated and distributed as part of the Options Price Reporting Authority's consolidated feed of US options quote and…
SunGard Eyes Europe with GL Buy
NEW YORK-At press time, SunGard officials announced the vendor's intention to acquire controlling interest in Paris-headquartered rival GL Trade for about €400.7 million ($623.9 million), a move observers say bolsters SunGard's global footprint.
Thomson Reuters in Legal Tussle; RM Stays On
NEW YORK-Users of the Reuters Messaging Compliance Manager (RMCM) are running a new logging and archiving engine developed by Thomson Reuters in conjunction with technology partner Global Relay that was deployed last Tuesday to avert the shutdown of…
ITG's Alasdair Haynes: Maintaining the Cross
The Markets in Financial Instruments Directive (Mifid) introduced multilateral trading facilities and systematic internalizers as new routing destinations for the European markets. With the rise of these new venues, what role do the established crossing…
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RESEARCH ROUNDUP
Easing Data Integration
Data integration can take years and be extremely costly, and as more firms enter this phase of their EDM programs, market participants are eager to find ways to ease the process. Tine Thoresen explores industry opportunities to tackle this EDM 'monster…