News
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.
Skyler Enlists Tervela to Cut Latency
Skyler Technologies, a Walnut Creek, Calif.-based provider of order book aggregation and trading software, will this week announce an agreement with hardware-based messaging technology vendor Tervela, to reduce system latency by combining their feed…
FirstRain Adds Global Info
Research software provider FirstRain will this week unveil a new release of its FirstRain Financial application for asset managers that includes data on global markets as well as just US equities, officials tell Inside Market Data . The new version will…
Q-Wixx Targets CDS Data Transparency
Q-Wixx, a new credit derivatives trading platform created by interdealer broker Creditex and a number of bank partners, will improve price discovery for trading lists of single-name credit default swaps (CDSs) by automating the process of gathering…
Vendors Win B-Pipe Status; B-POD Still Under Wraps
Wombat Financial Software will this week announce that its feed handler to support Bloomberg's B-Pipe broadcast datafeed has been awarded platinum status by the vendor, making it the third software provider in six days to achieve the certification.
PIA Launches Independent Research Service
A team of three former Dresdner Kleinwort bankers last week launched Price Information Advantage, an independent provider of technical research covering 15 spot foreign exchange currency pairs, seven interest-rate cash and futures products and six equity…
Data Volumes Prompt SFTI Upgrade
NYSE Euronext is putting the finishing touches to a major upgrade to SFTI (the Secure Financial Transaction Infrastructure), its industry-mandated network for market data distribution and order routing, to cope with increased data traffic and…
Ref. Data Glitch Halts Euronext.liffe
Trading and market data distribution on Euronext's derivatives markets ground to a halt early last Monday, June 4, because of a technical issue with its market surveillance system, forcing the exchange operator to shut down the Euronext.liffe markets for…
Penny-Options Strategies Slow Growth
Following the success of quote mitigation strategies by US options exchanges to manage the anticipated growth in market data from the Securities and Exchange Commission's pilot phase of quoting options in penny increments, exchanges and observers are now…
Pivot Preps Integrated "360 Workspace"
Pivot Solutions, developer of the IMTrader FIX-enabled trader messaging system, will unveil a new strategy to reposition itself as an "institutional-strength collaboration vehicle" at the upcoming SIFMA Technology Management conference, according to…
DME to Distribute Data via Nymex Network
The Dubai Mercantile Exchange, which began trading Friday, June 1, is using a network operated by the New York Mercantile Exchange to distribute market data to Nymex members, officials say.
Chi-X Targets FAST Feed by Year-End
Chi-X, the MiFID-inspired alternative trading system set up by broker Instinet, plans to introduce a new datafeed based on FAST (FIX Adapted for Streaming data) compression algorithms by the end of this year, officials say.
Detica Signs Kx to Support FSA's Sabre II
UK-based technology consultancy Detica is using Kx Systems' kdb+ database to store and query multiple terabytes of real-time and historic data as the basis of the Sabre II market monitoring system that Detica is building for UK regulator the Financial…
Pivot Debuts Collaboration Platform
NEW YORK—Secure instant messaging (IM) solutions provider Pivot Solutions plans to debut its inter-enterprise collaboration platform, dubbed Pivot 360, at next week's Securities Industry and Financial Markets Association (Sifma) technology management…
Panel: Europe Lagging in Mifid Preparedness
COMO, ITALY—With under five months left until it comes into force, the E.U.'s Markets in Financial Instruments Directive (Mifid) still represents a challenge for most of the financial industry and member states in Europe, say industry participants.
DMA Gains Traction in Asia
HONG KONG—Adoption of direct market access (DMA) in Asia is being spurred on by market deregulation, bigger trade volumes and more sophisticated clients; however, current regulatory controls, wide spreads and illiquidity are some of the issues hindering…