News
Thomson Reuters Unveils Product Plans
Thomson Reuters will standardize on two desktop platforms-Thomson One and a new Thomson Reuters platform-but will no longer pursue new sales for its Thomson datafeeds and Thomson Financial News, and will migrate existing clients to services from the…
HighStep Adds Connotate Data to Models
Mamaroneck, NY-based start-up hedge fund HighStep Capital is incorporating market trends-identified from fundamental data sourced from the Internet using a series of software "agents" from New Brunswick, NJ-based vendor Connotate-into the firm's…
Savvis Offers ISE Depth Feed
Network and hosting provider Savvis will provide connectivity to the International Securities Exchange's market depth datafeed at the end of July, in response to client demand for more low-latency access to options exchanges, officials say.
Applications: New Latency Culprits
LONDON-Investment banks wanting to wring the last milliseconds of latency out of their trade processes need to look to optimize their application software stack rather than their networks, according to new research recently published by networking…
TT Eyes Additional Hub in Asia
NEW YORK-Futures trading platform and exchange connectivity provider Trading Technologies International (TT) is looking to open its seventh global hub in Hong Kong, vendor officials tell DWT .
RTS Readies New FIX Gateway
MOSCOW-The Russian Trading System Stock Exchange (RTS) plans to implement a FIX gateway, which uses version 4.4 of the messaging protocol, and have it in production by the end of August, DWT has learned.
Smart Trade Goes Dark
NEW YORK-In a defensive move, cross-asset liquidity management system (LMS) provider Smart Trade Technologies will soon have a dark pool as an option for its European customers when routing orders, DWT has learned.
Think Trade Preps PrismTech Platform
Encinitas, CA-based proprietary trading firm Think Trade will later this year roll out the OpenSplice DDS (Data Distribution Service) platform from Burlington, MA-based middleware provider PrismTech, to manage data latency within the firm's automated…
Vendors Bolster Private Company Data
Two UK-based information vendors have recently released products and services to provide investment professionals with access to fundamental data and performance statistics on privately held companies.
FISD Certification Plans Gain Industry Support
Data industry professionals have backed plans by industry association FISD to introduce a certification program for market and reference data job functions and skills, though some respondents have raised questions about the proposed certification…
Opra Predicts Slower Traffic Growth
The Options Price Reporting Authority has revised its traffic projections for January 2009 downwards, reflecting the success of quote mitigation strategies implemented by the US options exchanges to counteract the anticipated data volume increases…
Holiday Volumes Slow LSE Level 2 Data
The London Stock Exchange experienced a slowdown in the distribution of its Level 2 market data as the last issue of Inside Market Data went to press, resulting in a 20-minute extension of the exchange's closing auction to ensure trading participants…
Newsflows Now a Necessity
LONDON-According to a recent white paper commissioned by Thomson Reuters on the role of news feeds in algorithmic trading, 65 percent of those surveyed say they could increase trading profits through automatic trading on news and 75 percent say it was…
ISE Updates SOR Engine
NEW YORK-In an effort to gain more control over its technology, the International Securities Exchange (ISE) has rolled out its own order routing system for its options exchange.
NSX Suffers FIX Outage
CHICAGO-A glitch in one of the 10 FIX engines at the National Stock Exchange (NSX) caused a disruption in connectivity last Tuesday.
Power, Latency Still Top CPU Priorities
LONDON-Reducing energy consumption as well as latency are key requirements from sell-side firms when it comes to processors, according to an industry insider.
Energy Firm GasTerra Squeezes Data Spend
Dutch energy trading firm GasTerra has initiated a project to review its market data consumption and spend in order to help ensure compliance with usage policies, rationalize costs and better prepare for future contract negotiations.
Equiduct Eyes September Launch
LONDON-Aiming for a soft launch by the end of September, multilateral trading facility (MTF) Börse Berlin Equiduct Trading officials are now in the process of onboarding members and fine tuning the technology, officials tell DWT .
NYSE Readies New Data Fee Structure
NYSE Euronext is planning to introduce a new billing scheme for market data, designed to make access to its data products more affordable for firms subscribing to the exchange's datafeed products, and clearly differentiate between end-user firms and…
Bloomberg Reorgs; Fenwick Gets New Gig
Bloomberg officials last week unveiled a new operating structure that divides the vendor into three business areas, and confirmed the creation of a new business, Bloomberg Ventures, to be headed by current Bloomberg CEO Lex Fenwick.
Front-Office Quant Spending to Increase
BOSTON-Traders in the front office need to make room for quantitative analysts, as the role of the model-generators has shifted in the past several years, according to a recent report on alpha-generation platforms from research firm Aite Group.