News
SWX, Virt-x Prep New Trading Platform
LONDON—SWX Swiss Exchange and Virt-x, its London-based securities exchange, are launching a trading platform based on SWX's X-Stream technology, to address the rising demand for algorithmic and direct market access (DMA) trading, say exchange officials.
Panel: Mifid's Impact on Exchanges Uncertain
LONDON—The future of liquidity after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect is still uncertain, panelists concluded during last week's meeting of the Financial Services Club.
Bombay Exchange Debuts App for Corporates
MUMBAI—The Bombay Stock Exchange (BSE) has released a browser-based trading application to support the development of its exchange-traded market for corporate bonds, dubbed Indian Corporate Debt Market (ICDM), say exchange officials.
BAS to Enhance InstaQuote
NEW YORK—Banc of America Securities (BAS) plans to add strategy engines to its InstaQuote electronic execution system, bank officials tell DWT .
Liffe Preps Liffe Connect Upgrade
LONDON—European derivatives exchange Liffe, formerly Euronext.liffe, plans to release new versions of its electronic trading platform, Liffe Connect, by the end of this year, DWT has learned.
FSA Mulls MTF Oversight
LONDON—Prodded into action by Her Majesty's Treasury (HMT) proposing a modernization of its Stamp Duty relief policy in February, the U.K.'s Financial Services Authority (FSA) released a discussion paper investigating possible strategies for the…
TSX Slaps Pure Trading with Copyright Lawsuit
TORONTO—The Toronto Stock Exchange (TSX) filed a C$101 million ($96.3 million) copyright infringement suit in the Superior Court of Justice in Ontario last month against Pure Trading and its parent company, Canadian Trading and Quotation System (CNQ)…
Report: 25K New Trading Positions by 2010
TAUNTON, U.K.—The global need for new traders will rise by 7 percent, to approximately 25,000 new trading positions, according to a white paper recently published by industry research firm Kimsey Consulting.
BNP Buys Into Turquoise
French banking giant BNP Paribas announced that it has taken a 3 percent stake in the multilateral trading facility (MTF) known as Project Turquoise, various media outlets were reporting at press time.
FISD Sets Up Data Piracy Committee
Industry association FISD has established a committee to address the worsening problem of market data piracy, which leaves data providers unable to compete in countries where piracy is rampant.
AC Capital Takes On-Demand CDO² Pricing
Dublin-based asset manager AC Capital Partners last week went live using derivatives pricing and risk analytics from UK-based vendor CDO², running on a pay-on-demand grid computing solution from Sun Microsystems’ Network.com subsidiary.
Nasdaq Makes Data Available via Web
Nasdaq last month began providing direct access to a number of its market data and analytical products via its Web site, eliminating the need for consumers of the data to develop specific feed handlers to receive the data.
Exchanges Rally Against Anti-Fee Campaign
The issue of a petition by Internet interest group NetCoalition to block the imposition of fees for certain market data products by exchanges was raised during testimony of Securities and Exchange Commission chairman Christopher Cox before the House…
Project Boat Finalizes Data Interface
Project Boat, the nine-bank data consortium established to take advantage of the pre- and post-trade transparency requirements of the European Union’s Markets in Financial Instruments Directive, last week issued the final version of the application…
Interactive, Tullett Expand OTC Data
Interactive Data Corp. is rolling more data from interdealer broker Tullett Prebon onto its PlusFeed consolidated feed, covering new geographies and asset classes, expanding a longstanding deal between the vendor and Tullett Prebon Information, the…
Thomson Drops Dow Jones for Own News
Thomson Financial has ended a deal to distribute Dow Jones news as the default service within Thomson products, replacing it with its proprietary Thomson Financial News.
Acquire Media Buys NewsEdge as Thomson Continues Divestments
Acquire Media, a Roseland, NJ-based provider of news distribution and management systems, is hoping to expand its potential customer base as the result of buying the NewsEdge consolidated news service from Thomson Corp. for an undisclosed sum last week.
MicrocapTrade Re-brands, Expands
MicrocapTrade, a Montreal-based provider of data on micro and small-cap stocks, is expanding its coverage to include larger and international markets, and is changing its name to reflect the new, expanded focus.
Yes Bank Rolls Out RTFX for FX Pricing
MUMBAI—As part of a wider foreign-exchange (FX) initiative, Mumbai-based private sector bank Yes Bank has deployed bank-to-client FX trading service Reuters Trading for Foreign Exchange (RTFX) to distribute prices, bank officials tell DWT .
OMX Set to Win Turquoise Contract
LONDON—Nordic stock exchange operator and technology provider OMX Group is in advanced negotiations to become the sole technology provider to the Markets in Financial Instruments Directive (Mifid)-inspired multilateral trading facility (MTF) Project…