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BT Rolls Out ITS Anywhere for Nortel

LONDON—Telecom vendors Nortel and BT have announced a collaboration to bring to market ITS Anywhere for Nortel that will enable investors' phone calls and communications to be monitored and accessed on or off the trading floor, say BT officials.

West Highland, CJC Ally For Global Support Services

NEW YORK—West Highland Support Services, a New York-based provider of remote system management and market data support services, is preparing to unveil an agreement with CJC, a London-based consultancy providing market data consulting, administration and…

HKEx Starts Final Network Migration

HONG KONG—The Hong Kong Exchanges and Clearing Ltd. (HKEx) has entered the final stages of its multi-year network consolidation project, as it will start moving batches of AMS/3 securities trading platform users to the exchange's new consolidated IP…

CESR Releases Best Execution Guidance

PARIS—In order to clarify the best execution requirements under the E.U.'s Markets in Financial Instruments Directive (Mifid), the Committee of European Securities Regulators (CESR) published a question-and-answer (Q&A) document last week.

eSpeed to Acquire and Integrate BGC

NEW YORK—In a surprise move last week, electronic inter-dealer broker eSpeed announced that it plans to acquire Cantor Fitzgerald's brokerage arm BGC in an all-stock deal valued at $1.3 billion.

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