News
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.
Cicada Enters Euro Low-Latency Fray
Oklahoma City-based data technology vendor Cicada is rolling out feed handlers to process data from all major European equity trading venues, and is taking space in co-location datacenters to provide a low-latency data delivery architecture for the…
Chi-X Mulls New Feeds to Cut Bandwidth
European multilateral trading facility (MTF) Chi-X is planning to roll out a choice of data delivery options in the first half of next year to address bandwidth challenges associated with growing data volumes.
SR Labs Rounds Out European Feed Coverage
New York-based low-latency data technology provider SR Labs has added support for three European exchange feeds to its SMDS market data platform for use in proximity hosting centers.
Turquoise Readies for Friday Debut
LONDON-By the end of this week, traders in Europe will have another order routing destination with the expected launch this Friday of the bank-backed multilateral trading facility (MTF) Turquoise, MTF officials tell DWT .
Newedge Consolidates U.S. Operations
NEW YORK-Multi-asset brokerage Newedge plans to complete the integration of all of its operations in the U.S. into one entity, dubbed Newedge USA, by Sept. 1, DWT has learned.
NZX Upgrades Clearing, Adds CCP
WELLINGTON, N.z.-The New Zealand Stock Exchange (NZX) is rolling out a new clearing and settlement system as part of a technology overhaul that includes a new core trading platform.
ClearCube Rolls Out Virtual Infrastructure
AUSTIN, TEXAS-To round out its virtualization strategy, PC-blade vendor ClearCube Technology is set to launch its bundled virtual desktop infrastructure (VDI) offering this week.
EcoWin Buy Expands ISI Coverage
ISI Emerging Markets, a division of Euromoney Institutional Investor that provides economic and business information, will almost double the country coverage of its CEIC Data time-series database product, following the acquisition of Thomson Reuters'…
SunGard Readies GL Buyout
Financial technology giant SunGard last week announced plans to acquire French data and trading technology vendor GL Trade, in a deal that would value GL at just over €400 million.
CAPIS Co-Lo Boosts Data Bandwidth
Dallas-based broker Capital Institutional Services (CAPIS) will next month move its market data operations to co-location facilities provided by third-party datacenter operator Data Bank, and will discontinue use of its two in-house datacenters.
Shanghai Wind Unveils Economic Database
China-focused data vendor Shanghai Wind Information has rolled out a new bilingual database of macro-economic data covering major industry sectors in China, as part of a push to attract more international data consumers.
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.