News
London Banks Take Tube Strike in Stride
LONDON—Investment banks in the City of London and Canary Wharf were largely unaffected by a transit strike in London last week, as several banks instructed employees to work remotely if travel to their offices was too difficult.
Boston Stock Exchange Shutters BeX
BOSTON—In existence for less than two years, the electronic Boston Equities Exchange (BeX) is closing, officials from BeX operator the Boston Stock Exchange (BSE) announced last week.
Pipeline Trading Preps Algo Switching Engine
NEW YORK—Crossing network provider and agency brokerage Pipeline Trading is set to release a new prediction engine with a suite of third-party algorithms in the coming weeks, DWT has learned.
Middle East Broker Integrates Aspen
Indemaj, a Jordanian broker trading on the local Amman Stock Exchange, is working with Colorado-based charting and analytics vendor Aspen Graphics to deploy the vendor's charting software, utilizing new market data from Middle East exchanges.
New ICE Feed Makes Early Impact
The IntercontinentalExchange (ICE) will this month roll out ahead of schedule a new consolidated market data feed that includes data from both its US and European markets.
Wombat Integrates OneTick Analysis, CEP
Low-latency data software vendor Wombat Financial Software has integrated New York-based OneMarketData's OneTick data management system.
StarMine Buy Bolsters Reuters Analytics
Reuters is planning to use the recent acquisition of San Francisco-based equity analytics and research performance data provider StarMine to develop new analytics on Reuters' data sets and to broaden its offering for buy-side firms.
Opra Unveils Timetable for Symbology Changes
The Options Price Reporting Authority has released a timetable for implementing changes to Opra data messages as part of the options symbology initiative, an industry project being co-ordinated by staff members of the Options Clearing Corp. that will…
Trading Glitch Halts SWX Data
Subscribers to market data from the SWX Swiss exchange experienced a data blackout on Tuesday, Aug. 28 for products traded on its Quotematch electronic platform, following a trading halt caused by an undisclosed technical problem.
S&P's Rieger Defects to… S&P
JR Rieger, former vice president of securities evaluations at Standard & Poor's, has taken on a new role within a different department of the ratings agency and data vendor, after two weeks of confusion about his position.
Scoach to Adopt Deutsche Börse's Xetra
FRANKFURT—The structured products trading joint venture between Deutsche Börse and the SWX Swiss Exchange Group, Scoach, will migrate to Deutsche Börse's trading platform, Xetra, for the German market on April 28, 2008, exchange officials say.
Microsoft Acquires Parlano
NEW YORK—Operating system and application provider Microsoft has inked a deal to purchase persistent group-chat vendor Parlano, say vendor officials.
Consortium Readies Italian MTF
MILAN—Three Italian banks and one trading firm are awaiting approval by Italian markets regulator Commissione Nazionale per le Società e la Borsa (Consob) to launch their new fixed-income and equities multilateral trading facility (MTF), dubbed Hi-mtf,…
CME Group Begins Floor Consolidation
CHICAGO—The CME Group plans to kick off construction on its trading floor consolidation project this week, say exchange officials.
Cornhill Goes Live with Fidessa
LONDON—Specialist initial public offering (IPO) and pre-IPO brokerage firm Cornhill Asset Management has gone live today, Monday, Sept. 3, with Fidessa's European Trader Workstation (ETW) in its London office, vendor officials tell DWT.
Analyst: True SOA a Pipe Dream
NEW YORK—The age of pure service-oriented architecture (SOA) technology is getting closer, but is still almost a decade away, says James Wolstenholme, research director with Garnter, who spoke at the Gartner Financial Services Technology Summit in New…
Liquidnet Preps LQTS Front End
NEW YORK—Agency broker and crossing network provider Liquidnet is on the verge of entering the second and final integration phase for its trading front end, which it acquired when it bought Miletus Trading, DWT has learned.
Kershner Rolls Out TransactTools' TCM6
NEW YORK—Proprietary trading firm Kershner Trading Group is in the midst of deploying NYSE TransactTools' Trading Connectivity Management 6.0 (TCM6) exchange gateway to replace the firm's internally developed legacy gateway, firm officials tell DWT .