News
Panel: FX Algos No Longer Just for the Large Players
LONDON-Gaining an edge on foreign exchange (FX) execution via trading algorithms is no longer solely the domain of the largest FX dealers, say several industry experts.
FX Must Put Mifid House in Order
LONDON-The vast majority of the members of the foreign exchange (FX) market are still unaware of the Markets in Financial Instruments Directive's (Mifid's) impact on their business, says Chris Pickles, London-based chair of the Mifid Joint Working Group.
Intel Debuts Penryn Family of Processors
NEW YORK-To help investment banks improve processing performance while maintaining the same level of electrical consumption, Intel is releasing its Xeon Processor 5400 series, dubbed Penryn, with 45 nanometer technology, today, Nov. 12, vendor officials…
NeoNet Adds Warsaw Stock Exchange
Clients of direct market access (DMA) agency broker and trading technology provider NeoNet will now have access to the Warsaw Stock Exchange, officials announced today, Nov. 12.
LSE Glitch Sparks Price Confusion
A problem with the London Stock Exchange's Infolect data distribution platform that disrupted trading and data dissemination last week could prompt the market to review the way it derives end-of-day prices for exchange-traded stocks.
HSBC Cross-Asset Platform Grows Legs
HSBC is working on technology to price components of multi-leg trades and reduce "slippage" between derived or implied prices and prices at which a trade or hedge is executed, as part of a broader project to develop a cross-asset-class trading and…
Reuters Names Post-Merger Management
Reuters chief executive-elect Devin Wenig last week named the team that will lead the Reuters division of Thomson-Reuters, once the merger of the two companies is complete.
StatPro Divestment Boosts Tenfore's US Expansion
UK-based data vendor Tenfore Systems is in the process of migrating up to 100 new clients in North America to its datafeeds and terminals, after taking on the real-time data clients of FRI, a Canadian data and investment management software vendor…
Quant House Boosts US Presence
French low-latency data and trading technology vendor Quant House has opened a New York office and is looking to open another in Chicago before the end of the year to support existing US clients and the vendor's expansion plans in the region.
Fidessa Plans 2008 Enhancements
Data and trading software vendor Fidessa will roll out improved capabilities to its US ticker plant to handle multicast exchange feeds, options data, and improved analytics.
IDC Data Boosts Proquote TCA Service
The London Stock Exchange's Proquote data vendor subsidiary is expanding its Transaction Cost Analysis (TCA) service to cover European markets, using the PlusFeed consolidated datafeed from Interactive Data's Real-Time Services division.
OILspace to Add LME Data
Web-based energy data and analytics provider OILspace will next month roll out quote and trade data for metals and plastics contracts traded on the London Metal Exchange to its OILwatch data portal.
PHLX Buy Broadens Nasdaq Options
NEW YORK-In an effort to beef up and diversify its options market approach, the Nasdaq Stock Market announced its intention to acquire the Philadelphia Stock Exchange (PHLX) in a deal set to close in the first quarter of 2008, say exchange officials.
CSI Reduces Risk for Outsourcing Deals
NEW YORK-Investment banks looking to outsource now have a consistent electronic method of capturing data privacy and information technology security as Portland, Ore.-headquartered Collaborative Software Initiative (CSI) is in the midst of developing an…
CIOs: IT Budgets Not Feeling the Credit Blues
LONDON-Although some investment banks are writing down the worst earnings in their histories due to the meltdown in the credit markets, many banks' IT organizations aren't feeling the budgetary pain, according to a number of bank CIOs.
CLSA Upgrades Trading Platform
HONG KONG-To keep up with growing trade and messaging volume due to algorithmic trading, broker Credit Lyonnais Securities Asia (CLSA) is in the process of deploying the next generation of its trading platform, FMS, say broker officials.
Icap Debuts Low-Latency Connectivity
LONDON-Fixed-income and foreign-exchange (FX) traders in North America have a new option to connect to inter-dealer broker Icap's BrokerTec and EBS platforms: a new low-latency connectivity service, dubbed i-Cross, say officials.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
HSBC to Add Multi-Leg Support to Fierce
LONDON-Developers at HSBC are busily working on adding support for multi-legged trades to the bank's internally developed asset-agnostic trading platform, bank officials tell DWT .