News
Sales Traders Here to Stay
NEW YORK & LONDON-Although the use of sales traders across European markets will continue to decline, the belief that the European sales trader is no longer in wide use is unfounded, according to recently published Tabb Group research.
GT Software to Launch Ivory Update
ATLANTA-Service-oriented architecture (SOA) software developer GT Software plans to release version 4.0 of its SOA development environment for mainframes, Ivory Service Architect, later this week.
SocGen Debuts European SOR
LONDON-Société Générale Corporate & Investment Banking (SocGen CIB) has gone live with order management system (OMS) and market data provider Fidessa's smart order routing technology in Europe, officials announced today, June 23.
NYSE Euronext Set for Specialist Change
NEW YORK-In preparation for a potential rule change by the U.S. Securities and Exchange Commission (SEC) that will transform New York Stock Exchange (NYSE) floor specialists into designated market-makers (DMMs), NYSE plans to roll out a new trading…
BT Readies 'Shared' Ultra-Proximity Data
BT Global Financial Services is preparing to launch a new addition to its Radianz suite of network and hosting services, dubbed Radianz Ultra Shared, that combines elements of the vendor's existing low-latency exchange connectivity and proximity hosting…
Boston Options Exchange Readies Blackbox Changes
NEW YORK-Operators of the Boston Options Exchange (BOX) plan to entice more black-box and algorithmic traders to the options exchange by increasing its trade messaging performance three- to four-fold by December, say exchange officials.
Thomson Reuters Preps Newswire Layoffs
Thomson Reuters' newswire division last week initiated a voluntary redundancy scheme as part of plans to shed around 70 London-based editorial staff, eliciting criticism from the journalists' union over the vendor's "failure to provide the full business…
Blocks Opens Platform to Client Data
Durham, NC-based stock market analysis software vendor Worden Brothers plans to open up its Blocks visualization tool later this year, to enable clients to incorporate their own proprietary or internal datasets into Blocks' analytics, officials tell…
Efficiency Reaps Rewards for BarCap
By implementing a new operating model for the firm's global IT organization, Barclays Capital (BarCap) saved $60 million in expenses through 2007. Waters reporter Emily Fraser sits down with Richard Greenbaum, managing director, head of global IT…
Augustus Adds CMA Data to Risk System
Augustus Asset Managers has integrated end-of-day credit default swap data from credit and derivatives pricing vendor Credit Market Analysis into its Derivation risk management system, officials say.
BATS Launches BBO-Only Feed
Kansas City, Mo-based ECN BATS Trading will roll out a new datafeed today, Monday, June 16, to provide top-of-book data for firms that do not need access to the ECN's full market depth, officials say.
Equinix Bolsters Slough Datacenter Community
Hosting service provider Equinix is building up a community of banks, market operators and service providers in its newly renovated Slough datacenter, which it acquired in 2007, officials tell Inside Market Data .
Logicscope Hires Barber as CEO
UK-based data technology vendor Logicscope has appointed John Barber as chief executive, replacing founder and former CEO Nick Dyne , who becomes head of business development. In his new role, Barber will oversee around 25 staff in the vendor's London…
Taiwan Stock Exchange Plans FAST Data
The Taiwan Stock Exchange is planning to adopt the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol next year, in a move designed to help serve global trading participants via an international standard, officials say.
Reliance Preps Global Expansion
Ethernet provider Reliance Globalcom, a division of Indian telecoms vendor Reliance Communications, is preparing to roll out a range of new services and looking toward expanding globally, officials say.
StreamBase Relaunches NewsScope App
Complex event processing software vendor StreamBase Systems will later this summer release an update to its StreamBase Reuters Edition development framework for building applications using Reuters data, featuring a new adaptor that enables applications…
CodeStreet Claims Client Savings
Trading firms can make substantial savings on the costs of testing trading strategies against historical market data by using the Market Data Works suite of products from New York-based software provider CodeStreet, for creating repeatable market data…
Credit Crunch Drives HPC
NEW YORK-With the credit crunch tightening, the demand for high-performance computing (HPC) has been growing at a dramatic rate across the enterprise within the capital markets, say the authors of recent Microsoft-sponsored survey by Washington, D.C…
Low-Latency Investment Picks Up
LONDON-The low-latency game is attracting a broader range of players, including firms that are not typically speed-sensitive but that want to gain competitiveness, according to industry participants.