News
Lehman Works to Share Grids
NEW YORK-Global investment bank Lehman Brothers is preparing to share its various production computing grids among several of its businesses with the eventual goal of merging them, firm officials tell DWT .
Turquoise Preps Apama Analysis Platform
European multilateral trading facility Turquoise is preparing to roll out a real-time market surveillance platform from event processing and algorithmic trading software vendor Progress Apama and consultancy Detica that can also be used for general…
Merrill Debuts London Datacenter
LONDON-Merrill Lynch has recently doubled its computing capacity in Europe, the Middle East and Africa (EMEA) with the launch of a new London datacenter, DWT has learned.
Markit Preps 'Second-Gen' Boat Data
UK-based data vendor Markit plans to launch new data products over the coming months based on data from pre- and post-trade data publication utility Boat, following Markit's acquisition of Boat from its consortium of nine bank owners last week for an…
Global Exchanges Withstand Market Slide
NEW YORK-Throughout two days of dramatic market volatility on Jan. 22 and 23, many global exchanges saw record setting volumes, but few report technical difficulties.
Spryware Plans New York Expansion
Chicago-based low-latency data and ticker plant provider Spryware will open a sales and support office in New York at the start of February, to provide local service for the vendor's growing client base in the city.
FISD, SIIA Agree Market Data Certification Funding
Industry association FISD and parent the Software & Information Industry Association have agreed terms to fund a certification program for financial information professionals, officials tell IMD 's sibling publication Inside Reference Data
Equiduct Picks KTS for VBBO Data Display
European equity market operator Equiduct announced last week that it has engaged UK-based data and technology vendor Knowledge Technology Solutions to create a hosted Web application for traders and investors to view data from Equiduct's Virtual Best Bid…
Kaskad Tech Closes, Founder Clark Joins StreamBase
Boston-based complex event processing software start-up Kaskad Technology has officially closed down, and founder and chief technology officer Colin Clark has joined rival CEP software vendor StreamBase Systems.
LSE Readies Performance Channels for Live Production
The London Stock Exchange made the production version of its Performance Channels low-latency datafeed available via its customer development service last Monday, Jan. 14, ending a pilot phase that has been running since the exchange's TradElect platform…
HKEx to Focus On Data in '08
Hong Kong Exchanges and Clearing plans a number of data dissemination initiatives in the first half of 2008, to meet pressures from rising market turnover, according to HKEx chief executive Paul Chow.
S&P Launches CreditStats Direct Analysis
Standard & Poor's last week launched CreditStats Direct, a new online content and analytics service that provides fundamental data and tools to view the adjustments underlying S&P's ratings of debt issued by North American and European corporates and…
29West Preps Desktop Messaging Layer
Low-latency messaging provider 29West is developing a new messaging product that will enable users of its high-performance Latency Busters Messaging (LBM) and Ultra Messaging for the Enterprise (UME) to use those existing backbones to serve desktop…
Danske Markets Deploys Fenics FX
LONDON-Danske Markets plans to roll out pricing and risk management software Fenics FX from inter-dealer broker GFI Group in the bank's Copenhagen, Stockholm, Helsinki, Oslo, London, Dublin, Belfast, Luxembourg and Warsaw offices, say bank officials.
HKMA: Clean Up IT Problem Reporting
HONG KONG-The recent findings of the Hong Kong Monetary Authority's (HKMA's) annual audit of authorized institutions' (AIs') IT systems reveal inadequacies in reporting, risk assessment and rectification of IT problems, according to regulatory officials…
HKEx Preps Five-Fold Capacity Increase
HONG KONG-Hong Kong Exchanges and Clearing (HKEx) will be investing heavily in a series of IT upgrades over the next six months, say exchange officials.
Oracle to Acquire BEA Systems
REDWOOD SHORES, CALIF.-In a deal valued at $8.5 billion database giant Oracle plans to acquire all outstanding shares of San Jose, Calif.-headquartered middleware vendor BEA Systems, say vendor officials.
GL Trade to Take Warsaw Link Live
PARIS-Trading software and services provider GL Trade will launch several new connectivity hubs this year, DWT has learned.
Navellier Mulls AI Data Adds to Models
Reno, NV-based portfolio manager Navellier & Associates is considering whether to incorporate company ratings data from Audit Integrity into its investment models, after using the vendor's data as an additional input to its investment process since…
NYSE Euronext to Debut Trading Algos
NEW YORK-Global exchange operator NYSE Euronext plans to release a set of vanilla trading algorithms, along with an algorithm development toolkit sometime in mid-2008 through its services and products business, NYSE TransactTools, DWT has learned.