News
New York Exchanges Stumble
NEW YORK—The two largest U.S. stock exchanges experienced technical glitches late last week that led to quoting issues and delayed trade confirmations, DWT has learned.
JWG-IT: Firms Must Start Mifid Tests
LONDON—It is critical that firms get their testing strategies and plans for the Markets in Financial Instruments Directive (Mifid) together early, as the longer they wait, the more costly it will be downstream, say industry participants and…
RSJ Invest Taps BT Radianz Proximity
PRAGUE—Czech specialist brokerage RSJ Invest is utilizing the BT Radianz Proximity Solution to enable low-latency direct market access (DMA) from its Prague headquarters to exchanges in London, say firm officials.
Panel: New Markets Eye Event Processing Tech
NEW YORK—Event processing (EP) technology—typically employed in high-frequency equities and derivatives markets—is now being adopted more by less commoditized markets such as fixed income and foreign exchange (FX), according to a panel discussion…
BNY ConvergEx Preps TCA Offering
NEW YORK—Agency brokerage BNY ConvergEx Group announced last week that it plans to release its pre-trade, intra-day and post-trade analysis tool, dubbed Perform-Ex, on June 1 to fill out its suite of liquidity management offerings, company officials say.
Trading-Floor Synergies for Thomson, Reuters?
NEW YORK—Although the recently announced acquisition of Reuters by Thomson Corp. may lead to consolidation in market data distribution, industry insiders tell DWT that they expect to see the proposed merger leading to new synergies on the trading floor.
Tehran Exchange to Debut New Systems
TEHRAN—As part of a plan to introduce financial- and commodity-based derivative trading, the Tehran Stock Exchange (TSE) is in process of implementing new pre-trade, trade and post-trade systems from exchange platform provider Atos Euronext Market…
Vendors Await 'Yes' Decision
LONDON—Project Yes, an initiative devised by a consortium of continental European banks to rival post-trade reporting utility Project Boat, is expected to name vendor partners that will provide data and technology support for its planned services by the…
Cargill Enlists Interactive Data For Agri Portal Content
Minneapolis-based commodities broker Cargill is developing a new data portal aimed at the agricultural commodities industry, in partnership with Interactive Data Managed Solutions division.
Credit Suisse Lightens Data Load
Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution.
Vietnam Exchange Enlists NextView for International Data Distribution
Singapore-based data vendor NextView signed an MOU with Vietnamese stock exchange the Ho Chi Minh Securities Trading Center (HSTC), last Friday, May 4, to distribute the exchange's data to foreign and domestic investors via NextView's terminals and data…
Blue System Integrates Interactive Data
Blue System Inc., a London-based provider of direct market access trading, charting and analytics systems, will this month incorporate data from Interactive Data Real-Time Services into its trading systems after signing a distribution agreement with the…
QuoteMedia Looks Beyond Retail with Quotestream II
QuoteMedia, a provider of market data, news and charts primarily to retail banking and investment groups, is completing the rollout of new exchange data and capabilities to the latest version of its Quotestream product, which the vendor hopes will allow…
Fixnetix to Offer Wombat-Enabled Eurex Feed
UK-based low-latency data vendor Fixnetix is rolling out a version of Eurex's CEF Ultra feed via its iX Direct hosted feed delivery service, tailored for use in client installations of Wombat Financial Software's data platform.
Users Endorse News Algos
Although end-user firms have thus far been playing their cards close to their chests on the subject of algorithmic news feeds, this sector is attracting significant interest, according to the results of last week's Inside Market Data awards.
Credit Suisse Lightens Data Load
NEW YORK—Global investment bank Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution and improve system up-time, say bank officials.
Panel: Automated OTC Derivatives Processing Grows
LONDON—The financial services industry has seen a dramatic improvement in automating the processing of over-the-counter (OTC) derivatives, according to a poll taken last week during a panel at the DWT 2007 conference and exhibition in London.