News
FFastFill to Gain FX Support
LONDON-Electronic trading software provider FFastFill expects to provide its trading platform users with expanded multi-asset strategies, with the introduction of foreign exchange (FX) trading support within a few weeks, say vendor officials.
Bear Updates GemFire
NEW YORK-Bear Stearns has recently signed a three-year contract renewal with enterprise fabric platform provider GemStone Systems, even though the bank is primed to be integrated with JPMorgan and its enterprise backbone, DWT has learned.
HSBC Links to Impact Pro
NEW YORK-Users of the Impact Pro integrated execution platform from Advanced Financial Applications (AFA) now have the option to route equities trades across borders via HSBC, DWT has learned.
City Awaits Financial Computing Grads
LONDON-Firms looking to fill financial IT posts are awaiting the first candidates standing for Master of Science (MSc) degrees in financial computing from the University College London (UCL), who will soon finish classes and begin three-month placement…
Wall Street Source Sues Thomson Reuters
New York-based news aggregator Wall Street Source has filed a lawsuit against Thomson Reuters, claiming that the former Thomson Financial breached its fiduciary duty as a stakeholder in WSS by poaching crucial staff and copying the vendor's products.
KTS to Exit Data Vendor Business
UK-based data and technology vendor Knowledge Technology Solutions is negotiating a sale of its MarketTerminal data display terminal subscriber base in order to focus operations on selling its underlying data platform technologies and related services,…
South Africa's Nedbank Rolls Out Coral8
Johannesburg-based investment bank Nedbank Capital, a division of Nedbank Ltd., last month deployed software vendor Coral 8's complex event processing engine, to support the bank's migration to new trading systems.
BOX Targets Wider Audience For Market Depth Feed
The Boston Options Exchange (BOX) is planning an initiative to make its market depth data more easily accessible and easy to analyze by members within trading systems and data display applications, officials say.
Code Red Gives Red Alerts a Facelift
Boston-based software vendor Code Red is beta testing a "soft release" of version 3.3 of its Red Alerts research management software with a group of hedge fund clients, which officials say represents a "significant upgrade" to the system's user interface.
TPI Upgrades Tech in Quality Drive
Tullett Prebon Information is testing an upgrade to its data architecture designed to identify and remove anomalous data items from its feed, as part of an ongoing market data quality control effort, officials say.
Colt: Latency Spend Escapes Credit Crunch
Banks will continue to invest in technology to reduce latency within data delivery and trading architectures, despite tighter budgets as the result of the ongoing credit crunch, according to a survey conducted recently by Colt Telecom.
TradeWeb Readies FASB- Compliant Trade Data
Electronic fixed-income market Tradeweb will next month begin disseminating transaction prices to subscribers of its Tradeweb Composite Marks service to help firms comply with the Financial Accounting Standards Board's Statement No. 157.
Deutsche Börse Beefs Up CEF for Scoach Data
Deutsche Börse has made changes to its underlying CEF feed architecture to support distribution of data from its Scoach structured products market, which recently migrated from the exchange's Xontro floor trading system to its Xetra trading platform,…
Amerex Plans Data Expansion with e-Trading Migration
Amerex, the energy broking subsidiary of interdealer broker GFI, is considering ways to package the quote and trade data that will be generated by an expansion of contracts traded on GFI's EnergyMatch electronic commodities trading platform, officials…
NextView Rolls Out Vietnam Data
Singapore-based data vendor NextView will begin distributing Level 1 tick data and three levels of market depth data from the Ho Chi Minh Stock Exchange (HOSE) to local and international traders at the end of May, as part of an agreement signed between…
RTS to Add Options
NEW YORK-Users of the RTD Tango algorithmic trading platform from RTS Realtime Systems Group can plan on options trading support by year-end, RTS officials say.
GFI Expands EnergyMatch
NEW YORK-Traders using interdealer broker GFI's EnergyMatch will be able to trade electric power and natural gas products on the platform from the same interface within months, says Ian Clague, head of energy products for North America at GFI.
Taiwan Exchange to Retire FAST Engine
Taipei-As part of a local three-exchange consolidation, the Taiwan Stock Exchange (TSEC) plans to retire its fully automated securities trading (FAST) platform and replace it with a third-party matching engine, according to officials.
NYSE Euronext to Enter MTF Fray
NEW YORK-Global exchange operator NYSE Euronext plans to roll out its own multilateral trading facility (MTF), say exchange officials.
Taming the Algo
DWT European reporter Cecilia Bergamaschi sits down with Alexandra Foster, head of global execution sales, U.K., for BNP Paribas, to discuss algorithmic trading trends.