News
Activ Expands Asia-Pacific Direct Feeds
Low-latency data and technology vendor Activ Financial is increasing its line-up of data from Asia-Pacific exchanges, in response to demand for low-latency data from trading firms in the region.
Study: Firms Not Ready to Compete in Mifid
LONDON—Financial firms have spent 20 to 25 percent less than initial estimates on preparation for the E.U.’s Markets in Financial Instruments Directive (Mifid), concludes research by IT services provider Atos Origin.
Downtime Costs Firms Over $10K per Hour
LONDON—When an internally developed system fails, U.K. banks and financial firms can expect to pay over $10,000 per hour for the downtime, according to a study published by IT market research firm Vanson Bourne and sponsored by business service…
Bourse, Bank JV to Launch SmartPool MTF
LONDON—NYSE Euronext, along with French bank BNP Paribas and London-headquartered HSBC, have entered into a joint venture to launch a multilateral trading facility (MTF), dubbed Project SmartPool, sometime in the second quarter of 2008, say officials.
FutureTrade Links to Emerging Markets
NEW YORK—Clients of electronic agency brokerage FutureTrade should be able to access the Asian and Latin American markets within weeks, brokerage officials tell DWT .
Wall Street Passes Pandemic Test
NEW YORK—The U.S. securities industry’s emergency preparedness has paid off, according to preliminary results of a three-week influenza pandemic test sponsored jointly by U.S. regulators and financial firms.
Portware Adds FX Support
NEW YORK—Portware users trading equities, futures and options soon will be able to trade foreign exchange (FX) as the execution management system (EMS) provider prepares for a platform upgrade targeted for January 2008, DWT has learned.
Turquoise Data to Mirror Boat
Project Turquoise, the European multilateral trading facility (MTF) formed by a consortium of banks is likely to base its data distribution architecture on that employed by trade reporting utility Boat, according to Cinnober, the vendor named last week…
Demand Rises for Hosted Tick Utilities
Demand is increasing from financial institutions for vendors to develop hosted tick-by-tick storage services as an alternative to firms having to host and manage huge databases of tick data internally, according to industry participants.
Connotate, Serena, Xignite Prep Mashup Portals
Three vendors of technologies for creating “mashups”—applications created by combining different Web services—aimed at financial services firms are rolling out new portals for pulling together data services and building tools on the fly without needing…
Traderforce Bolsters Asian Presence
Paris-based data and trading technology vendor Traderforce is building up its Asian presence and making investments in new infrastructure, offices and additional staff to support growing demand for its products in the region.
Quant House Plans Asia Network
French low-latency data vendor Quant House is planning to expand its proprietary fiber-optic network into Asia next year, to support datafeed collection from more exchange data sources in the region.
GL Preps for LSE ‘Performance Channels’ as ASP Demand Spikes
French data and trading technology vendor GL Trade will sign up to connect to Performance Channels, the new 100-megabit low-latency data service being launched next year by the London Stock Exchange.
FTSE Deploys Caplin-Kalahari Data Platform
Index provider FTSE has deployed a data backbone from Caplin Systems and calculation engine from Kalahari to help support the production of its bond and gilt index data, officials say.
FTSE Deploys Caplin-Kalahari Data Platform
Index provider FTSE has deployed a data backbone from Caplin Systems and calculation engine from Kalahari to help support the production of its bond and gilt index data, officials say.
Tenfore Grows Far East Feeds
UK-based data vendor Tenfore Systems is preparing to roll out data from a number of new Asian sources onto its consolidated datafeed, to expand its coverage of the region, officials say.
HVB, Unicredit Consolidate Data Functions
The market data groups of Italian bank Unicredit, Bank Austria and Germany’s Hypovereinsbank (HVB) are being consolidated into HVB’s head office in Munich, following the merger of the Unicredit and HVB groups in 2005.
Traderforce Bolsters Asian Presence
Paris-based data and trading technology vendor Traderforce is building up its Asian presence and making investments in new infrastructure, offices and additional staff to support growing demand for its products in the region.
LiquidityHub Launches Pricing Platform
LiquidityHub, an electronic platform formed by a consortium of 16 banks for facilitating price discovery for fixed-income instruments, will go live with its first phase of operations today, Monday Oct. 22, providing market data on euro-denominated…
LSE Manages Latency with Corvil
LONDON-The London Stock Exchange announced today, Oct. 22, that it has adopted the network latency monitoring platform from networking tool vendor Corvil to minimize latency on the LSE's TradElect trading platform, vendor officials tell DWT .
Deutsche Börse Preps FAST Eurex Feed
Deutsche Börse will launch a new low-latency datafeed for vendors and non-member trading firms on Dec. 3 that will also provide increased market depth data, following the launch of a new trading API being rolled out by the exchange's Eurex derivatives…