News
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 .
Weeden Preps LMS Launch
NEW YORK—Agency brokerage Weeden & Co. plans a soft launch of its OnePipe liquidity management system (LMS) in a matter of weeks, say brokerage officials.
LIM Enables Spreadsheet Sharing
Chicago-based derivatives and energy data provider Logical Information Machines will this week announce a partnership with Team and Concepts, a Hong Kong-based provider of online spreadsheet technologies, to enable users in multiple locations to use the…
NSX Rebates Target ECN Flow
The Chicago-based National Stock Exchange has restructured its market data and liquidity rebates in a push to attract higher order volumes from ECNs and alternative trading systems.
SFTI Eyes Asia Exchange Connectivity
NYSE TransactTools, the technology subsidiary of NYSE Euronext, is rolling out its industry-mandated SFTI (Secure Financial Transaction Infrastructure) network for data and trade communication to Asia, to provide exchange connectivity and order routing…
FISD, Asia Firms Ready Data User Group
Market data officials at a number of trading firms and FISD members in Hong Kong, Singapore and Australia are pooling their expertise to set up a market data user group organization focused on the Asia-Pacific markets, with the assistance of industry…
Stockgroup Takes Broker Clients Mobile
Vancouver-based financial data provider Stockgroup is developing a wireless real-time market data solution for brokerage firms to roll out to clients, which the vendor plans to release in January, officials say.