News
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.
Proquote Adds Martin Data for Treasury App
The London Stock Exchange's data terminal vendor Proquote has launched a new product targeted at the UK treasury market, dubbed Proquote Treasury, which incorporates specialist content sourced via a recently formed relationship with UK-based Martin…
TheMarkets Expands Direct Broker Feeds
Investment bank consortium-owned research portal TheMarkets.com has begun an initiative to expand the number of independent research providers and brokers providing direct feeds of research data to its portal, as an alternative to third-party research…
Algos to Solve FX Fragmentation
NEW YORK-Systematic and algorithmic trading could be implemented to combat the liquidity fragmentation in the electronic foreign exchange (FX) space, according to an industry insider.
TraderTools Adopts SmartTrade LMS
NEW YORK & PARIS- Foreign exchange (FX) trading technology vendor TraderTools has adopted SmartTrade's STTP 5.5 liquidity management system for use within its Liquidity Management Platform, say vendor officials.
Landsbanki Kepler Debuts GL Trade's SOR
PARIS & LONDON-European investment bank Landsbanki Kepler has gone live with GL Trade's smart order routing (SOR) technology, say officials.
Minerva Gains Credit Suisse FX Algos
LONDON-Credit Suisse has integrated foreign exchange (FX) smart routing and algorithmic execution strategies into Fidessa LatentZero's Minerva order and execution management system (OEMS), with the bank's Advanced Execution Services (AES) FX, vendor…
Misys Eyes Latin American Operations
NEW YORK-Technology and software vendor Misys is expanding its operations in Latin America by beefing up its operations in the Brazilian market, DWT has learned.
StreamBase Expands Reuters Integration
NEW YORK-Complex event processing (CEP) software vendor StreamBase Systems is planning enhancements to its StreamBase Reuters Edition (SRE), a development framework for building applications utilizing data from Thomson Reuters' Reuters Market Data System…
GFI Data Revamp Drives 'Off-Desktop' Sales
Interdealer broker GFI has reorganized its market data business by introducing a new commercial model for accessing its content, and by implementing a formal product release schedule so that new datasets will now be incorporated at regular quarterly…
Plus Markets Leaps into Dark Pools
LONDON-U.K.-based equity stock exchange Plus Markets expects to launch a dark pool of liquidity for small- and mid-cap issues, according to officials. The initiative is part of a number of projects that will be officially announced in the coming weeks…
Eurex to Quadruple Quote Capacity
German derivatives exchange Eurex is upgrading its data distribution system to handle a three-fold increase in quote volumes between now and the end of 2009, from around 450 million quotes per day today to between 1.5 and 1.6 billion quotes per day once…
Eurex Targets Risk In Next Upgrade
FRANKFURT-German derivatives exchange Eurex plans to add improved risk and clearing functionalities in release 11 of its exchange platform, slated for a Nov. 9 rollout, say bourse officials.
StreamBase Expands Reuters Integration
Complex event processing software vendor StreamBase Systems is planning enhancements to its StreamBase Reuters Edition (SRE), a development framework for building applications utilizing data from Thomson Reuters' RMDS data distribution platform,…
Sophis Increases TRS Support
NEW YORK-Clients using the Risque and Value offerings from French cross-asset trading and risk management platform vendor Sophis will soon have further enhancements for trading total-return swap (TRS) products.
Study highlights Euro trading inefficiencies
Oxera, the Oxford, UK-based economic consultancy has, in conjunction with Omgeo, released the results of its research into the current status regarding the automation of trade processing in the European markets.