News
Wachovia Standardizes Datacenters
NEW YORK-To achieve its ultimate goal of cost savings, energy efficiencies and processing power, Wachovia planned to deploy its "datacenters in a box" design; however, after a three-and-a-half-year project to upgrade its global datacenters, the Charlotte…
BATS Expands Savvis Data Connectivity
Kansas City, Mo.-based ECN BATS Trading is expanding its relationship with network and hosting provider Savvis to provide broader connectivity options to clients, officials tell Inside Market Data .
Bats, Savvis in Metro Ethernet Deal
NEW YORK-Brokerages connecting to the Bats ECN have another low-latency option as the ECN operator Bats Trading has inked a deal with financial network supplier Savvis to provide its Exchange Express metro Ethernet connectivity to the ECN's trading…
Platform Adds Cell Processor Support
NEW YORK—Grid computing software vendor Platform Computing has added support for high-performance cell processor-based systems with its latest version of Symphony, dubbed Symphony for the IBM BladeCenter with Cell Broadband Engine (Cell/B.E.) technology,…
CME Preps Data Recovery Tool
The Chicago Mercantile Exchange will later this year introduce a new service allowing clients to request retransmission of specific subsets of market data using the FIX Protocol, to populate applications with missing data in the event of an outage or a…
Data Error Halts NGM Trading
Swedish exchange the Nordic Growth Market was forced to suspend trading last week after data was not properly updated within its trading system, officials say.
Arcontech API Speeds Processing
UK-based data technology vendor Arcontech has released a new Application Program Interface (API) that will allow users to develop latency-sensitive applications using the Microsoft .Net programming language that draw real-time data from the vendor's…
NYSE Euronext Buys IVRS for Valuations
NYSE Euronext last week unveiled a portfolio valuations service, dubbed Prime Source, following its acquisition last week of the Independent Valuation and Risk Services (IVRS) business from UK-based software vendor Lombard Risk Management for £700,000.
Majority of Options Trading Automated by 2010
NEW YORK-In two years, over 60 percent of buy-side trades in U.S. equities options will be executed through low-touch channels, according to a recent white paper published by research firm Tabb Group.
Logicscope, NCI Enter STP Pact
LONDON-Post-trade technology vendors Logicscope and NCI have entered into an agreement to integrate elements of both vendors' platforms to release a trade notification solution to end-user clients of banks, brokers and trading platforms.
Mitsubishi Takes BlueBox Algos Live
TOKYO & LONDON-Mitsubishi UFJ Securities (MUS) has completed the initial phase of its algorithmic execution service based on Fidessa's algorithmic trading platform, BlueBox, vendor officials say.
Nordic Growth Market Trading Halted
STOCKHOLM-The 75-minute trade interruption on the Nordic Growth Market (NGM)-an exchange for growth companies in the Nordic region-that took place on Feb. 19 has been attributed to human error from the previous night, say exchange officials.
Intel Readies Nehalem Processor Line
NEW YORK-Following the release of its Penryn family of processors, Intel plans to debut new processor technology in the second half of this year, vendor officials tell DWT .
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…