News
Dow Jones Talks Up News Corp. Buy
News Corp. chairman and chief executive Rupert Murdoch is expected to outline his company's plans for the businesses of Dow Jones at News Corp.'s financial results presentation this week, following the media empire's $5.6 billion acquisition of Dow Jones…
Opra Mandates FAST Migration
The Options Price Reporting Authority will switch off its existing ASCII-format datafeed and distribute consolidated US options data using only the FAST (FIX Adapted for Streaming data) protocol as of Jan. 28 next year, to provide additional bandwidth to…
SocGen Targets U.S. Traders
Hometown audiences can be some of the toughest crowds to please. That has not stopped Société Générale's New York-based John Shaw, the newly minted leader of the bank's program and electronic trading services business in the U.S. DWT editor Rob Daly sits…
UBS Rolls Out Algo Strategy for Commodities
LONDON—UBS Investment Bank has launched its UBS Commodities Portfolio Algorithmic Strategy System (Comm-Pass), a portfolio-based algorithmic strategy that exploits momentum in the commodity markets to generate returns through automated long and short…
Nasdaq Preps 144A Trading Portal
NEW YORK—After receiving approval from the U.S. Securities and Exchange Commission (SEC), the Nasdaq Stock Market announced last week plans to launch a new online negotiating and trading venue for Rule 144A securities, dubbed Portal, on Aug. 15, say…
Paper: Japan to See IT Spending Spike
TOKYO—Japan's economic recovery is spurring renewed IT investment in the country's securities industry, with firms expected to increase their IT spending by 7.5 percent—or $2.8 billion—by the fiscal year ending March 2008, concludes a recently published…
Insinger Taps Fidessa for Derivatives
LONDON—Anglo-Dutch bank Insinger de Beaufort will be replacing its legacy third-party derivatives trading platform with a multi-asset trading system from London-based trading system vendor Fidessa, DWT has learned.
Orc Software Debuts Hosted Algorithms
NEW YORK—Swedish trading platform vendor Orc Software has launched Orc Liquidator Hosted, an exchange co-located, fully hosted algorithmic trading solution, which aids in the quick deployment of derivatives trading algorithms while providing low-latency…
NYSE Euronext Slashes Messaging Latency
NEW YORK—Over the past year, the New York Stock Exchange (NYSE) has cut average trade messaging latency in half, say NYSE Euronext officials.
Making the Most of Reference Data
Reference data management has mostly been treated as an operational issue in recent years, but investment managers are increasingly focusing on how reference data can benefit other areas of the business. Julia Schieffer reports
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