News
Regulators Force TF-Reuters Divestments
Regulators in the US, Europe and Canada last week gave their blessing to Thomson Corp.'s takeover of Reuters, subject to the vendors selling "copies" of certain datasets by April 19 "to preserve competition."
Pure Trading Upgrades FIX Gateway
TORONTO-Seeking to capture more liquidity from south of the border, Canadian alternative trading system (ATS) operator Pure Trading is in the midst of bring its FIX gateway closer to U.S. standards, and upgrading its trading engine, DWT has learned.
SGX Rolls Out OMX-Cicada Data Engine
The Singapore Exchange announced last Friday, Feb. 22 that it has begun rolling out a new data engine, dubbed Singapore Exchange Data Engine (SGXDE), based on the new Genium Market Info market data distribution platform developed by OMX and Cicada, to…
SGX Hits Exchange Update Milestone
SINGAPORE-Singapore Exchange (SGX) is in the process of implementing a series of new systems, several of which are from Nordic exchange operator and technology provider OMX Group, as part of a rolling five-year technology plan, say exchange officials.
Fortis Integrates Sophis Data in DACS
Belgian banking group Fortis has integrated its Sophis Risque application with Reuters' Data Access Control System (DACS) to increase visibility of internal market data distribution and ensure compliance with data policies from both exchanges and vendors…
A Matter of Principles
Since the E.U.'s Markets in Financial Instruments Directive (Mifid) took effect on Nov. 1, 2007, financial firms have been in a race to implement principles-based regulation in order to remain compliant and competitive.
Exegy Adds European Level 2 Data
St. Louis, MO-based vendor Exegy last week rolled out feed handlers for low- latency Level 2 data from European exchanges to its hardware ticker plant, in addition to existing handlers for European Level 1 data, and support for Level 2 data from US…
Chi-X Targets ASX With Free Australian Data
Chi-X Australia, an alternative trading system (ATS) set up by the Chi-X business of inter-agency broker Instinet to compete with the Australian Securities Exchange (ASX), will provide its market data free of charge when the platform goes live in the…
CME Prepares to Resurrect LDB
The Chicago Mercantile Exchange is set to reverse a decision to retire the Chicago Board of Trade's Liquidity Data Bank service for end-of-day net and total volume data for CBOT-listed contracts by trader type, and re-launch LDB by April in response to…
Xignite Adds Third-Party Integration
Web-based data provider Xignite last week formally launched its Splice platform for creating "mashup" data applications on the fly from different Web services without the need to hard-code dedicated applications.
CEP Benchmark Specs Draw Closer
The Securities Technology Analysis Center's analytics working group is close to finalizing benchmark specifications for performance comparisons between rival complex event processing (CEP) technology vendors.
Xasax Preps Direct Feed Network for Hedge Funds
Xasax, a Naples, Fla-based provider of data, proximity hosting and software, is preparing to roll out a hosted direct feed offering for North American markets, dubbed xsFeed, that will target high-frequency hedge funds and active trader users of trading…
GL Trade, Infotec to Share Feed Infrastructures
French data and trading technology provider GL Trade has begun a long-term project to consolidate its data distribution infrastructure with that of Swiss data vendor Infotec, which GL acquired last year ( Inside Market Data , July 16, 2007).
Penson Readies Derivatives API
CHICAGO-Penson GHCO, the futures and derivatives clearing subsidiary of Penson Worldwide, will roll out a new applicaiton programming interface (API) with the ability to trade options on futures sometime in the second quarter, DWT has learned.
3Tera Adds Solaris Support
ALISO VIEJO, CALIF.-By the end of March, users of AppLogic platform, a grid operating system designed to enable utility computing for running and scaling Web applications from 3Tera, will be able to run Sun Microsystems Solaris-based applications, say…
NYSE shops in India
At press time, NYSE Euronext announced its purchase of a 5 percent equity stake in Indian commodity marketplace Multi Commodity Exchange (MCX).
Turquoise Selects AppLabs for Acceptance Testing
LONDON & PHILADELPHIA-Pan-European multilateral trading facility (MTF) Turquoise will be testing its new trading platform using offerings from software testing specialist AppLabs, say vendor officials.
Credit Suisse Expands FX Algos
LONDON-Swiss investment bank Credit Suisse plans to expand its trading algorithm offering in the near future, according to bank officials.
Illiquidity Dampens Institutional Options Trade
NEW YORK-Despite the introduction of automated trading tools like smart order routers and trading algorithms, buy-side traders are still demanding more liquidity in listed equity options before expanding further into the growing market.
Industry Unfazed by BlackBerry Outage
WATERLOO, ONTARIO-For the second time in 10 months, BlackBerry users experienced a partial service outage as Internet service was disrupted during the afternoon of Feb. 11.