News
DMA Ramps Up in India
BANGALORE-Direct market access (DMA) trading, which will account for 11 percent of India's overall market share in 2010, will spur new investment in technology among smaller domestic firms, according to research by financial consultancy Celent.
Monitor110 Auctions Assets Post-Closure
A mystery data vendor has bought some of the assets of Monitor110, a New York-based provider of technology for firms to monitor information on the Web in real time and correlate that information against investments, which closed down last month after…
GFI Group Preps EnergyMatch API
NEW YORK-Interdealer broker GFI Group is in final stages of development of an application programming interface (API) for its Web-based energy-derivatives trading platform EnergyMatch, DWT has learned.
TNS in Asia-Pacific Exchange Data Drive
Network provider Transaction Network Services is expanding its Asia-Pacific exchange coverage by adding access to market data from several exchanges in the region via its Secure Trading Extranet, officials say.
When Blog Mining Goes Bust
After offering a real-time platform to monitor blogs and message boards for market-moving data, software startup Monitor110 shut down in mid-July.
Turquoise Preps Soft Launch; Vendors Ready to Go
Bank consortium-backed European Multilateral Trading Facility (MTF) Turquoise will launch trading on a select group of UK and German stocks on Friday Aug. 15, with a number of vendors already prepared to carry market data from the venue at launch,…
TFX Eyes Remote Traders with GL, Co-Lo
The Tokyo Financial Exchange (TFX), the former Tokyo International Financial Futures Exchange, will this week announce a partnership with French data and trading technology provider GL Trade to promote remote memberships for firms based outside Japan,…
Marketcetera Integrates Activ Data
Open-source trading system provider Marketcetera and low-latency data vendor Activ Financial will this week announce a deal to integrate their technologies, so that Marketcetera clients can immediately deploy Marketcetera against Activ datafeeds, while…
TFX Selects GL Trade for DMA
TOKYO & PARIS-In order to provide remote membership, Japanese futures market the Tokyo Financial Exchange (TFX) has inked a deal with trading platform and market connectivity provider GL Trade, exchange officials announced today, Aug. 11.
AMQP Demonstrates Data Protocol Potential, Though Hurdles Remain
Advanced Message Queuing Protocol (AMQP), an open-source messaging middleware, is gaining appeal as a technology for distributing market data within organizations, officials say, though it may be a few years before exchanges adopt the protocol to…
Trade Alert Adds Color to Trade IMs
New York-based Trade Alert, a provider of software that distributes equity options trade data via instant messaging, has opened its network to clients to enable them to distribute their own market color in addition to receiving automated trade…
Bonds.com Preps Structured Products
Online trading platform Bonds.com will add terms and conditions data for structured products to its BondStation trading platform when it begins listing structured products later this month, officials say.
Coral8 Enables Inter-App Data Sharing
Complex event processing software provider Coral8 has released the latest version of its Coral8 Engine, which includes enhancements for sharing data across multiple applications and making changes to its data cache without disrupting the running of other…
TMX Unveils New Canada-US Data Site
TMX, the exchange group formed by the merger of the Toronto and Montreal exchanges, has launched a new Web site, TMXmoney.com, designed to be a first port of call for investors and professionals seeking quote and company data for listings on the Toronto…
Cicada to Launch Hosted SOR
LONDON-Trading infrastructure technologies and data management vendor Cicada is preparing a September launch of its hosted smart order routing (SOR) MarketPrizm service, which enables firms to conduct algorithmic trading within the European market, say…
Nasdaq OMX Sees Consolidation Gains
NEW YORK-Exchange operator and technology provider Nasdaq OMX expects to complete integrating the Philadelphia Stock Exchange (PHLX) into its operations by 2009, according to exchange officials.
Bats Ramps Up for European Launch
LONDON-In preparation for a planned November launch of its multilateral trading facility (MTF), Bats Europe is getting ready to commence client testing in the near future, MTF officials tell DWT .
Swift Adds Cash, Fixed Income to Accord
BRUSSELS-Trade confirmations between executing and prime brokers may become a tad easier as the financial messaging and network industry cooperative Swift plans to introduce support for cash equities and fixed income on its Accord matching platform…
Pipeline Expands Algo Control
NEW YORK-Customers of crossing network-provider and agency brokerage Pipeline Trading now have full control over their access to the firm's suite of third-party trading algorithms, according to Pipeline officials.
EGX Nears X-stream Launch
CAIRO & STOCKHOLM-To address increasing trade volume and product diversity, the Egyptian Exchange (EGX) is in the midst of member-testing its implementation of the X-stream trading platform from Nasdaq OMX, which is set to go into production later this…
Error KOs NYSE Handhelds
NEW YORK-Floor traders on the New York Stock Exchange (NYSE) found that a server configuration error left their handheld trading devices useless during the market opening last Wednesdy, Aug. 6.