News
Chi-X Plans for European Cross-Market Routing
LONDON—Chi-X, Instinet's Mifid-prompted multilateral trading facility (MTF), is planning to introduce U.S.-style onward routing to other exchanges and trading venues, officials tell sibling publication Inside Market Data .
Caplin Debuts Web-Based Trading Platform
LONDON—Market data management and real-time Web connectivity provider Caplin Systems released its Web-based trading application for foreign exchange (FX) and fixed income, dubbed Caplin Trader, today, vendor officials tell DWT .
FPL: FIX 5.0 Gains in FX Support
BOSTON—Although version 5.0 of the FIX protocol fully supports outright forwards and swaps for foreign-exchange (FX) trades, support for allocations and confirmation for over-the-counter (OTC) spot options remains minimal, according to findings in a…
NYSE, Nasdaq Prep New Crossing Sessions
NEW YORK—As part of a complete technology revamp, NYSE Euronext plans to launch a point-in-time crossing solution, dubbed MatchPoint, in July, pending approval by the U.S. Securities and Exchange Commission (SEC), DWT has learned.
RSJ Preps Chicago Feeds via BT Radianz
RSJ Invest, a Czech brokerage firm specializing in automated derivatives trading, is to expand its use of BT Radianz's Proximity Solution to provide low-latency access to direct datafeeds from the Chicago Mercantile Exchange and the Chicago Board of…
Vendors Await 'Yes' Decision
Project Yes, an initiative devised by a consortium of continental European banks to rival trade reporting utility Project Boat, is expected to begin selecting vendor partners to provide data and technology support for its planned services by the end of…
Users Wary of Thomson-Reuters Deal
Market data professionals last week expressed caution over the proposed takeover of Reuters by Thomson Corp., but cited low product overlap and the combined entity's ability to take on rival Bloomberg as positive aspects of the deal.
Glitch Halts Euronext Data
A half-hour trading halt on Euronext's cash markets last Monday resulted in an interruption to market data dissemination to members after a technical glitch on its NSC trading platform slowed down the order-matching process.
HKEx Builds on Data Revenue Rise
Data revenues from Hong Kong Exchanges and Clearing (HKEx) rose nearly 50 percent in Q1, according to HKEx's financial statement, released last week.
Panel: EP to Marry More Analytics
Sophisticated analytics are likely to become ever-more tightly integrated with event processing engines as firms begin using them for more complex strategies in less liquid asset classes, according to a panel organized by Aite Group last week.
Markit Expands Structured Finance Data
UK-based pricing provider Markit is readying an expansion of its structured finance data portfolio with the launch of new services and additions to existing datasets, officials say.
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.