News
Knight Makes Algo Buy with EdgeTrade
JERSEY CITY, N.J.-Getting some holiday shopping done early, broker-dealer Knight Capital Group is acquiring agency broker EdgeTrade to fill out Knight's current electronic trading capabilities, according to Knight officials.
NYSE Euronext to Consolidate Datacenters
NEW YORK-Exchange operator NYSE Euronext is in the early planning phase of consolidating its existing datacenters located on the east coast of the U.S. Datacenters located outside the region will be unaffected by the plan, officials say.
Experts: Asia to Follow European Trading Mold
NEW YORK-Firms looking to test the electronic trading waters in Asia should follow the history lessons learned in Europe, not the U.S., according to a recent roundtable of industry participants.
GL Trade Acquires Decision Software
PARIS & NEW YORK-To bolster its presence in the fixed-income markets, trading software and services provider GL Trade announced last week the acquisition of Decision Software, a provider of fixed-income trading platforms, liquidity connectivity and…
RTS Plans New Year's Tech Revamp
MOSCOW-The Russian Trading System (RTS) Stock Exchange plans numerous technology upgrades beginning in the first quarter of 2008, DWT has learned.
GL Trade Adds Turkish Hub
ISTANBUL-In an effort to expand its global connectivity network, trading software and services provider GL Trade has started operating its newly developed connectivity hub in Istanbul, officials announced today, Nov. 19.
Activ Enlists BT for Pan-Asia Data Hubs
Activ Financial is building a pan-Asia network of ticker plants for delivering direct and locally-consolidated exchange datafeeds, using connectivity and datacenter hosting solutions from network and hosting services provider BT Global Financial Services.
Thomson Readies Local Asia Products
Thomson Financial is increasing its focus on Asian markets with the addition of data sourced from China and local-language components for its Thomson One workstation products, and is looking to bring US products to the region.
CEP Vendors Call for Benchmarks
Providers of complex event processing technologies are calling for independent, verifiable performance benchmarks that potential clients can use to compare and select vendors in a crowded marketplace.
Markit Preps Global Index With IIC, CDSI
UK-based credit and derivatives data provider Markit is planning to create a global credit index, following its acquisitions of the International Index Company and CDS IndexCo, officials tell Inside Market Data .
StreamBase, Reuters Ally for Faster Development
Event processing software vendor StreamBase last week unveiled a bundled package of services tailored for use with Reuters' RMDS data platform, to enable developers to more easily create applications that utilize data from firms' RMDS installations.
FPL Warns of Non-Standard Code as FAST Use Grows
In the wake of more exchanges implementing the FAST (FIX Adapted for Streaming data) protocol to reduce the bandwidth required for market data delivery-such as Nordic exchange group OMX, which launched a FAST-enabled datafeed last week-the standard's…
Credit Suisse Ramps Up Data Capacity
Credit Suisse was able to handle record data volumes in August without system disruptions as a result of a capacity upgrade program that enabled the bank to prioritize improvements for different business lines based on their contribution to-and the…
Wall Street Source Apps AIM to Cut Time, Costs
Wall Street Source, a New York-based provider of news aggregation and instant messaging technology, has launched a new Web site for distributing multiple messages at once via AOL instant messaging, to reduce the time taken by sell-side sales traders to…
Hybrid Trading Still Rules in Fixed Income
NEW YORK-Although there is a constant growing need to make fixed-income trading more efficient and cost-effective, the likelihood of the market turning completely electronic is highly unlikely, according to a recent panel of industry experts.
TradeWeb, Omgeo Form STP Alliance
NEW YORK-Electronic fixed-income-trading network Thomson TradeWeb and post-trade, pre-settlement utility Omgeo plan to improve the straight-through processing (STP) of fixed-income instruments through a strategic alliance, officials from both firms…
Bloomberg, Swift to Offer FX STP
NEW YORK-To address the schism that exists between the front, middle and back offices in processing foreign exchange (FX) trades, Bloomberg is teaming up with industry messaging cooperative Swift, DWT has learned.
Merrill Lynch Upgrades Trading Floor Communications
NEW YORK-As part of a multi-year program to standardize its trading floor communications infrastructure, Merrill Lynch will deploy approximately 4,000 IQ/Max trading turrets and related software and services from IPC over the next several quarters, say…
Calyon Financial, CQG Provide Asian Connectivity
CHICAGO-Global brokerage firm Calyon Financial and analytics trading platform and market data provider CQG are partnering to provide trading access to nine Asian futures exchanges, officials announced.
Cinnober Launches SI Platform
STOCKHOLM-An unnamed global investment bank plans to deploy the TradExpress trading engine from trading platform provider Cinnober Financial Technology to handle its systematic internalized trades, vendor officials tell DWT .
UBS Goes Live with Options DMA
NEW YORK-Global banking giant UBS has expanded its direct market access (DMA) offerings to its institutional clients with its recent rollout of the bank's DMA for Options Trading service, say bank officials.