News
WestLB Outsources Data Tech to Reuters
German bank WestLB has migrated its market data infrastructure to a solution supported by Reuters, which is now hosting the bank's Reuters Market Data System (RMDS) data backbone and all datafeed connectivity at BT Radianz sites in London and Düsseldorf.
Savvis to Host Direct Exchange Connectivity
Network and hosting provider Savvis is setting up a service that will allow trading firms to cut latency by locating the servers that run their algorithmic trading engines in its Weehawken, New Jersey data center, directly alongside the trading engines…
Amex Plans Last Sale Pilot
The American Stock Exchange has proposed a one-year pilot program to allow market data vendors to disseminate last sale prices for Amex trades on a real-time basis for a flat monthly fee.
Mitsubishi Preps Tick Data for Auto Hedging
The rates trading group of Japanese securities trading firm Mitsubishi UFJ Securities International is in the process of implementing a tick capture database comprising Aleri's Streaming Platform and Sybase's Risk Analytics Platform to support the firm's…
IDC's Analytix Direct Bows in US
Interactive Data is rolling out its Analytix Direct risk analytics system to the North American market, to address data consolidation and region-specific risk factors.
Quant House Adds Deutsche Börse CEF
French low-latency data and trading technology vendor Quant House has begun providing Deutsche Börse's CEF feed of data from the Xetra cash and Eurex derivatives markets via its proprietary fiber-optic network, which allows the vendor to cope with peaks…
TSX Launches Low-Latency SFTI Feed
The Toronto Stock Exchange is this month installing communications lines to provide firms in the US with low-latency access to TSX market data via the Secure Financial Transaction Infrastructure (SFTI) network.
Orc Launches FAST Data Integration App
Swedish trading technology and market data vendor Orc Software will launch a new application, dubbed CameronFAST, to support data transfer using the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol at this week's SIFMA show.
Yipes Readies LSE Ethernet Feed
The London Stock Exchange is preparing to provide US clients with low-latency Ethernet access to its Infolect datafeed, under a new agreement with US-based Ethernet network provider Yipes Enterprise Services.
Pricing Direct Adds Swaptions
Bear Stearns' Pricing Direct division has added swaptions pricing to its evaluated pricing service, and is planning more expansions to its service and international operations, depending on client demand, officials say.
Icap Upgrades
It's never a dull moment in the world of the inter-dealer community as firms integrate voice- and electronic-trading businesses in order to maintain their positions within the competitive landscape. DWT editor Rob Daly sat down with Icap's Global CIO Jay…
LSE Takes TradElect Live
LONDON—TradElect, the London Stock Exchange's (LSE's) new trading platform, has gone live today, June 18.
BNY ConvergEx Launches EMS
NEW YORK—Global agency broker BNY ConvergEx announced that it has added execution management system (EMS) functionality to version 5.7 of its Eze Castle order management system (OMS), vendor officials announced last week.
GigaSpaces Releases Middleware Platform
LONDON—Grid computing vendor GigaSpaces Technologies announced the version 6.0 release of its Space-based architecture platform under its new name, eXtreme Application Platform (XAP), during its first European user conference last week.
GS, CS See Algo Growth in Asia
HONG KONG—Although Asia has been a late joiner to the game of algorithmic trading, the region is seeing rapid adoption of the technology due to increasing buy-side demand and larger and more sophisticated trades, which in turn are spurring greater…
Report: Time to Redefine FX Liquidity Management
LONDON—When it comes to liquidity management for foreign exchange (FX) trading, banks are in need of a radical overhaul of their liquidity management systems, according to a whitepaper released today by London-based research and advisory firm…
WestLB Outsources Data Hosting to Reuters
LONDON—German bank WestLB has migrated its market data infrastructure to a solution supported by Reuters, which is now hosting the bank's Reuters Market Data System (RMDS) data backbone and all data feed connectivity at BT Radianz sites in London and…
Dubai Exchange Braces for Growth
DUBAI—After having to delay its first day of trading for one month due to regulatory clearing arrangements, the Dubai Mercantile Exchange (DME) is in full production.
Chi-X, ICMA Partner for Regulatory Reporting
Chi-X last week announced a transaction reporting service that uses the International Capital Market Association's Trax2 reporting system. The service is already in the final stages of testing with one firm, and is expected to go live by the end of June.