News
GS, MS, UBS Link U.S. Dark Pools
NEW YORK-Goldman Sachs, Morgan Stanley and UBS have opened their respective dark pools of liquidity to partnering firms, say officials from the three firms.
MUSI Preps for Algo Rates Trading
NEW YORK-The interest rates trading group of Mitsubishi UFJ Securities International (MUSI), the European hub of the global securities and investment banking business of Mitsubishi UFJ Securities Co., plans to start algorithmic trading by the end of the…
Nasdaq OMX Picks SOR Partner
LONDON-Global exchange operator Nasdaq OMX is set to reveal the vendor selected to provide low-latency data to support smart order routing on its Pan European Market multilateral trading facility (MTF), and will launch a hosting facility next month to…
LSE Charts MTF Response
LONDON-The operators of the London Stock Exchange (LSE) expect to double the messaging capacity of its TradElect matching platform by September to 10,000 continuous messages per second and eventually scale it to 50,000 continuous messages per second with…
Nasdaq OMX Outlines EU MTF Plans
Nasdaq OMX is set to reveal the vendor selected to provide low-latency data to support smart order-routing on its Pan European MTF, and will next month launch a hosting facility for customers to minimize latency by locating their trading systems adjacent…
Lack of Data Hampers SAFE-DJ Index
An initiative by the South Asian Federation of Exchanges (SAFE) to launch an index of stocks listed across its 13 member exchanges in collaboration with Dow Jones is being slowed by a lack of quality data and limited data distribution channels from some…
Micex Readies FIX FAST Datafeed
The Moscow Interbank Currency Exchange (Micex) is developing a new datafeed that utilizes the FIX (Financial Information eXchange) and FAST (FIX Adapted for Streaming data) protocols, which it aims to roll out in the third quarter of this year, officials…
Wachovia Rolls Out TheMarkets' MeritMark Platform
Wachovia Securities recently rolled out TheMarkets.com's MeritMark Web-based broker vote platform to its clients, to automate the collection and distribution of buy-side feedback on sell-side research personnel and services to the broker-dealer, vendor…
West Highland Launches Status Monitoring for Wombat
West Highland Support Services, a New York-based provider of remote systems support and monitoring for financial institutions' market data platform installations, is rolling out a new tool to its engineers and clients, in response to increasing demand…
S&P Integrates, Rebrands, Targets Structured Products
Standard & Poor's new Fixed Income Risk Management Services (FIRMS) unit is rebranding disparate products under a unified umbrella to reflect their integration into a single business unit, and is building a solution to enable clients to easily integrate…
Thomson Reuters Braces for Cuts
Thomson Reuters is set to announce a swathe of redundancies this week that will reduce duplicative roles created by the merger of Thomson Corp and Reuters, according to an internal memo distributed last week by Devin Wenig, chief executive of the vendor…
NYSE Bows Order Imbalance Feed
NYSE Euronext will on July 1 launch NYSE Order Imbalances, a datafeed of order imbalance data provided prior to market open and close, and will make the service available at no additional charge to clients of its OpenBook Ultra and OpenBook Aggregated…
Infinancials Releases New Analytics for Stock Comparison
Paris-based analytics provider Infinancials has developed a new graphical display for visually comparing key ratios between stocks, and to benchmark stocks against sector averages or bespoke portfolios.
Sinara Launches Market Data Platform
UK-based data technology vendor Sinara Consultants will this week launch its Sinara Market Data Platform (SinaraMDP), which incorporates a new component for streaming real-time data to mobile display applications and a data contribution API for…
CMA, Julius Finance Ally for Credit Pricing
Credit data provider Credit Market Analysis, which was recently acquired by the Chicago Mercantile Exchange, is expanding its coverage of credit derivative index pricing with the addition of interpolated prices from New York-based credit modelling…
XAP Set for Summer Upgrade
NEW YORK-In a planned August general release, grid computing vendor GigaSpaces Technologies will add support for dynamic languages, such as JavaScript and Groovy, to version 6.5 of its Extreme Application Platform (XAP), GigaSpaces officials tell DWT .
Smaller Is Better for E-FX in China
BEIJING-Smaller institutions and retail organizations are finding it easier to penetrate the emerging domestic electronic foreign exchange (e-FX) market in China compared to the larger banks, say industry insiders.
Warsaw Exchange Adds Gateways
WARSAW-Accessing Eastern European Liquidity may get a little easier as the Warsaw Stock Exchange (WSE) plans to roll out two new gateways in the coming months, say bourse officials.
Messaging Bodies Publish Investment Roadmap
LONDON-An alphabet soup of industry messaging bodies have released an investment roadmap that is targeted to standardize messaging across the financial services industry, say officials.
Bats Lands in New York
NEW YORK-Bats Trading, operator of the U.S.-based exchange-in-waiting Bats ECN, have taken up residence in lower Manhattan.