News
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.
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…