News
ISE: Data Rises Could Reverse
The International Securities Exchange is predicting falls in market data revenues, despite last week reporting an 8.1 percent rise in data revenues for the second quarter to $4.4 million.
Edgar Adds Summaries for Buy Side
Filings and company information provider Edgar Online has created new display options for clients viewing data using the vendor's I-Metrix Professional, a Web-based tool for accessing financial statements tagged in eXtensible Business Reporting Language …
NeoNet Preps Three Mifid Routers
NEW YORK—Global agency brokerage NeoNet Securities is developing three new synthetic order routers to satisfy a component detailed in the E.U.'s Markets in Financial Instruments Directive (Mifid), which calls for new order types, DWT has learned.
RTS Offers Singapore Exchange Gateway
SINGAPORE—The Singapore Exchange (SGX) announced an expanded cooperation with independent software vendor (ISV) RTS Realtime Systems Group, allowing RTS customers to access SGX through the vendor's multi-asset trading platform, Realtime Trading Desktop …
Inside BNP Paribas' Peak Performance
LONDON—On a serene London side street next to the Marylebone railway station sits BNP Paribas' U.K. headquarters. The building is a labyrinth of ceilings and stylish cladding, which nestle around a central atrium. Inside, Andrew Mullock, the London-based…
4th Story Adds HotSpot FX Support
SAN FRANCISCO—Algorithmic trading software vendor 4th Story has connected its multi-asset-class strategy trading platform 4S.Everglade to foreign exchange (FX) ECN HotSpot FXi, vendor officials announced last week.
Pabuk Halts HKEx Trading
Trading in the securities and derivatives markets on the Hong Kong Exchanges and Clearing Ltd. (HKEx) was terminated 15 minutes into its Friday-afternoon session after the Hong Kong Observatory, the local government-owned meteorological center, issued a…
Turquoise to Go X-Stream
LONDON—Multilateral trading facility (MTF) Project Turquoise is in the midst of hammering out a contract with Swedish exchange operator and technology vendor OMX Group, which will provide the bank-led consortium with its X-Stream trading platform, says a…
Fidessa Adds Morgan Stanley to EMS
LONDON—Order management system (OMS) and market data provider Fidessa announced today, Aug. 13, an agreement to distribute Morgan Stanley's electronic trading services through its new Fidessa LatentZero execution management system (EMS).
ICE to Double OTC Valuations Frequency
The Atlanta-based IntercontinentalExchange (ICE) is planning to provide more frequent valuations of long-dated over-the-counter forward swaps, options and exotic derivatives via its Market Price Validation (MPV) product for benchmarking and validation of…
Orc Plans Low-Latency Europe, Asia Market Data Connectivity
Swedish trading technology vendor Orc Software is planning to set up co-location facilities at exchanges in Europe and Asia, to provide low-latency market data to clients of the vendor's hosted Orc Liquidator algorithmic trading engine.
OMX Prepares OTC Reporting Utility
Nordic exchange group and technology provider OMX will next week begin testing a new trade reporting service to help firms take advantage of changes to over-the-counter trade reporting requirements under the Markets in Financial Instruments Directive,…
SEC OKs Nasdaq Portal Despite Data Concerns
US regulator the Securities and Exchange Commission last week approved the launch of Nasdaq's Portal Market Trading System for Rule-144a securities, despite concerns raised by industry association the Securities Industry and Financial Markets Association…
Perfect Info Adds Indexing Tool for Sub-Prime Exposure
UK-based data vendor Perfect Information has launched a new indexing category within its Perfect Debt archive of fixed-income prospectuses and pricing supplements to help users search for collateralized debt obligations (CDOs) and collateralized loan…
ICE Wins Nymex Data Suit
The New York Mercantile Exchange last week expressed disappointment at the Second Circuit Court of Appeals' dismissal of its long-running lawsuit against the IntercontinentalExchange over use of Nymex price data.
Tocom Raises Data Distribution Frequency
The Tokyo Commodity Exchange has increased the frequency of its market data distribution in response to market forces and client demand, reducing the interval at which it delivers snapshot prices via its member terminals from three seconds to one second.
NYSE Glitch Delays OpenBook
The New York Stock Exchange's OpenBook feed of real-time NYSE limit order book data experienced disruption and delays for more than an hour last Tuesday morning, July 31, as a result of an undisclosed software issue.
Fidessa Readies US Ticker Plant Upgrade
UK-based data and trading software vendor Fidessa is preparing to upgrade its US ticker plant to include enhanced data on US exchanges and new feeds from the Toronto Stock Exchange, officials tell Inside Market Data .