News
Options Exchanges Squeeze Data Traffic
US options exchanges are moving forward with plans to refine their quote mitigation plans and in some instances to make the strategies a permanent addition to their markets, following the Securities and Exchange Commission's expansion of the options…
ICE Waives Web Data Fees
The Atlanta-based IntercontinentalExchange has waived fees for displaying its futures data on public Web sites for the remainder of this year and next. The fee holiday applies to delayed data on key benchmark contracts traded on the exchange.
LSE Preps Low-Latency 'Channels' Launch
The London Stock Exchange will launch its low-latency Performance Channels data distribution architecture in the first quarter of 2008, requiring customers of the service to upgrade their circuits from 10 megabits per second (Mbps) to 100 Mbps. Those…
OTC Val Opens for Business
Pricing and risk specialist OTC Valuations officially opened for business last week, offering valuations for illiquid over-the-counter derivatives and structured products. The company—founded by three Canadian financial industry and technology…
Banks Scuttle Yellow Submarine
Project Yellow Submarine, a consortium of four continental European banks, has halted the process of selecting a vendor partner following a lack of management support at the banks pursuing the initiative, according to sources familiar with the situation.
HKEx Migrates to MDF, Preps Closing Auction
Hong Kong Exchanges and Clearing provided an update on a number of market data initiatives at its H1 earnings presentation last week, including plans to integrate news and regulatory announcements into its Market Data Feed, discontinue support for its…
Coral8 Further Enhances Query Mechanism
California-based event processing engine provider Coral8 is enhancing its query writing interface, providing new options for receiving alerts and incorporating a new charting package in the latest release of its Coral8 Engine, officials tell Inside…
CME Sheds 380 Jobs
CHICAGO—Derivatives exchange CME Group expects to eliminate 380 positions by June 2008 as part of the derived synergies from the July merger of the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT), company officials said last week.
OMX, Verizon Enter Outsourcing Talks
STOCKHOLM & NEW YORK—Swedish exchange operator and technology vendor OMX Group plans to outsource its external network operations and datacenter management and has began partner discussion with U.S. telcom provider Verizon, OMX officials announced last…
SunGard to Link Brass, MicroHedge
NEW YORK—Users of SunGard's sell-side equities order management system (OMS) Brass now have the capability to trade options, routed from the vendor's options-trading product, MicroHedge from a single view, DWT has learned.
144A Trading Platforms Gain Ground
NEW YORK—With the rise of the popularity of private placements, several banks and one exchange have launched, or are in the process of launching, electronic venues to trade securities under Rule 144A of the U.S. Securities Act.
Eurex to Launch Version 10.0
FRANKFURT—Derivative exchange Eurex plans to roll out version 10.0 of its exchange system on Nov. 26, exchange officials tell DWT .
GL Trade to Debut ASP-based MEFF Link
PARIS & MADRID—Trading software and services provider GL Trade expects to add Spanish derivatives exchange Mercado Español de Futuros Financieros (MEFF) to its pan-European application service provider (ASP) platform by the end of September, DWT has…
HKEx Preps Closing Auction
HONG KONG—Hong Kong Exchanges and Clearing Limited (HKEx) is preparing to implement an end-of-day closing session for all securities, with an aim to "improve the determination of securities closing prices, facilitate trading at market close and enhance…
Taifex Enlists BT Radianz for International Direct Feeds
The Taiwan Futures Exchange last week began providing its market data via BT Radianz's financial extranet, under a deal between the two to provide international trading firms with direct access to the exchange's datafeed.
GL Cross-Connects to Other Networks; Closes PoPs
French data and trading technology vendor GL Trade is in the process of decommissioning redundant points of presence (PoPs), allowing the vendor to free up funds to invest in new access points in other regions, officials tell Inside Market Data .
Murdoch: No DJ Sell-Offs or Layoffs
News Corporation chairman and chief executive Rupert Murdoch last week committed to preserve the businesses and staff of Dow Jones, and to expand its real-time information business against key news rivals Reuters and Bloomberg, during News Corp.'s Q4…
KTS-Arcontech Targets In-House Deploys
UK data display software vendor Knowledge Technology Solutions last week bought Arcontech, a London-based provider of feed handlers and market data technology, in a move intended to accelerate KTS's strategy of licensing its browser-based data software…
Revere Increases Data Focus on Canadian BioPharm, MedTech Stocks
San Francisco-based data and research provider Revere Data has expanded its range of data available on equities and related companies in the Canadian bio-pharmaceutical and medical technology sectors, where the vendor says it is seeing increased demand…
Thomson Adds Chi-X Data
Thomson Financial is to distribute real-time market data from Chi-X, the MiFID-inspired European equity market operated by broker Instinet, via its key data products and feeds, as part of a strategy to bolster the data carried by the vendor resulting…
OptionsXpress Integrates Aspen Tools
Online options broker OptionsXpress is integrating components of Aspen Graphics' charting and technical analysis tools into its trading API, to increase the broker's appeal to sophisticated individual futures and options traders, officials tell Inside…