News
S&P Adds Global Data to Backtester Tool
Standard & Poor's has expanded the range of data available to users of its Backtester tool for selecting investment strategies using historical company financial information, by adding the ability to use the tool with S&P's Compustat Global Database.
Fitch Readies Market-Implied Ratings
Fitch Ratings is preparing to roll out a new set of credit rating indicators to complement its traditional research-based ratings by providing alternative, market-based indicators of a company's creditworthiness.
SGX Offers Proximity Hosting as New Feed Raises Interest
The Singapore Exchange (SGX) last week announced a proximity hosting service to give clients low-latency access to the exchange's data, under an agreement with network provider BT Radianz that will allow trading firms to locate high-frequency trading…
Nexa Eyes Partners for Asian Data
Nexa Technologies' Tick Data division is expanding its database of historical tick data to include quote and trade information from Asia-Pacific exchanges, with the aim of having "a meaningful group of Asian exchanges" available to customers by the end…
Users, Exchanges Weigh Data Volume Issues
Exchanges and user firms are still grappling with capacity issues to handle the flood of increasing market data, according to panel discussions at recent industry events in New York.
Activ: Cut Networking to Cut Latency
Like rivals Reuters and Wombat Financial Software ( see story, page 5 ), ticker plant and data provider Activ Financial is examining ways to reduce internal network latency. But unlike the others, Activ believes the best solution is to migrate more…
Fidessa Rolls Out DLA Service
NEW YORK—Order management system (OMS) and market data provider Fidessa announced the launch of its Fidessa Global Direct Liquidity Access offering last week.
Amex Suffers Trading Outage
NEW YORK—Traders on the American Stock Exchange (Amex) experienced an interruption in equity and exchange-traded funds (ETFs) last Thursday as the exchange halted trading in both instruments at 12:20 p.m. local time.
Borsa Italiana Fights Heating with Blade Servers
MILAN—In a drive to increase trading performance and reduce cooling costs and the amount of server real estate required, Borsa Italiana has recently adopted AMD Opteron-powered Hewlett-Packard (HP) ProLiant BL blade servers, say exchange officials.
Need for Speed Dominates Sifma 2007
NEW YORK—Attendees to last week's Securities Industry and Financial Markets Association's (Sifma's) technology management conference faced more than just a new name forthe show.
SGX to Offer Radianz Proximity
LONDON—To address the rising tide of foreign algorithmic traders, the Singapore Exchange (SGX) announced that it has adopted the Radianz Proxmity Solution from BT for the exchange's derivatives market, say SGX officials who spoke at a jointly hosted…
Panel: Industry Puts Low-Latency in Check
LONDON—The quest for ultra-low-latency execution in algorithmic trading was put in check by industry participants at the FIA/FOA International Derivatives Conference 2007, held in London last week.
Activ, Skyler Integrate with Reuters
Low-latency data provider Activ Financial has created an interface between its direct and consolidated market data feeds and the Reuters Market Data System. The Activ RMDS Gateway allows Activ to deliver its feeds directly into customers' existing RMDS…
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…