Exchange Technologies
NYSE Euronext to Consolidate Datacenters
NEW YORK-Exchange operator NYSE Euronext is in the early planning phase of consolidating its existing datacenters located on the east coast of the U.S. Datacenters located outside the region will be unaffected by the plan, officials say.
RTS Plans New Year's Tech Revamp
MOSCOW-The Russian Trading System (RTS) Stock Exchange plans numerous technology upgrades beginning in the first quarter of 2008, DWT has learned.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
CBOE to Debut Flex Options Platform
CHICAGO—After 15 years of floor trading, the Chicago Board Options Exchange (CBOE) plans to introduce electronic trading of its Flexible Exchange (Flex) options on its new CboeFlex.net trading platform, DWT has learned.
Bourse, Bank JV to Launch SmartPool MTF
LONDON—NYSE Euronext, along with French bank BNP Paribas and London-headquartered HSBC, have entered into a joint venture to launch a multilateral trading facility (MTF), dubbed Project SmartPool, sometime in the second quarter of 2008, say officials.
Panel: Exchanges Must Evolve or Die
LONDON-European exchanges will need to adapt in order to stay ahead of competition that will arise in the new fragmented market after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect on Nov. 1, according to participants of the…
Nymex, MX Ready New Canadian Bourse
NEW YORK-The Alberta-based Canadian Resources Exchange (Carex), a joint venture between the New York Mercantile Exchange (Nymex) and the Montréal Exchange (MX), is set to launch in the first quarter of 2008, although it might hit some regulatory snags…
Central Africa to Gain New Exchange
LIBREVILLE, GABON-A new multi-nation Central African regional exchange is set to go live in the middle of next year, DWT has learned .
LSE, Borsa Italiana Complete Merger
LONDON & MILAN-Officials from the London Stock Exchange (LSE) and Borsa Italiana announced last week their organizations completed their merger.
Nasdaq Seeks Second Protected Quote
NEW YORK-The Nasdaq Stock Market plans to establish a second protected quote from the assets it is set to purchase from the Boston Stock Exchange (BSE), according to Nasdaq officials, who spoke during an analyst call last week.
Thai Bourse Upgrades Matching Engine
HONG KONG-The Stock Exchange of Thailand (SET) is investing $1.5 million to move to a new trading engine by the beginning of next year and upgrade network connectivity in 2009. The changes are part of SET's latest IT plan, dubbed the "Next Generation…
TSX Sets Gateway Revamp for 2009
TORONTO-As the final phase of its trading platform upgrade, the Toronto Stock Exchange (TSX), plans to roll out a new internally developed exchange gateway sometime in the second quarter of 2009, TSX officials tell DWT .
Börse Berlin Acquires Equiduct
BERLIN & London-German regional exchange Börse Berlin is set to buy a majority stake in pan-European market operator Equiduct, DWT has learned.
Chicago Board of Trade Suffers E-Trading Snag
CHICAGO-Electronic traders using the Chicago Board of Trade's (CBOT's) e-cbot trading platform experienced a two-hour trading halt on Wednesday, according to exchange officials.
Hi-mtf Takes FastTrade Matching Platform
MILAN—The new fixed-income and equities multilateral trading facility (MTF) Hi-mtf plans to use the FastTrade (FT) matching platform from Pisa, Italy-based financial software vendor List Group in preparation for the MTF's October launch, vendor officials…
Scoach to Adopt Deutsche Börse's Xetra
FRANKFURT—The structured products trading joint venture between Deutsche Börse and the SWX Swiss Exchange Group, Scoach, will migrate to Deutsche Börse's trading platform, Xetra, for the German market on April 28, 2008, exchange officials say.
Consortium Readies Italian MTF
MILAN—Three Italian banks and one trading firm are awaiting approval by Italian markets regulator Commissione Nazionale per le Società e la Borsa (Consob) to launch their new fixed-income and equities multilateral trading facility (MTF), dubbed Hi-mtf,…
CME Group Begins Floor Consolidation
CHICAGO—The CME Group plans to kick off construction on its trading floor consolidation project this week, say exchange officials.
144A Trading Platforms Gain Ground
NEW YORK—With the rise of the popularity of private placements, several banks and one exchange have launched, or are in the process of launching, electronic venues to trade securities under Rule 144A of the U.S. Securities Act.
Eurex to Launch Version 10.0
FRANKFURT—Derivative exchange Eurex plans to roll out version 10.0 of its exchange system on Nov. 26, exchange officials tell DWT .
HKEx Preps Closing Auction
HONG KONG—Hong Kong Exchanges and Clearing Limited (HKEx) is preparing to implement an end-of-day closing session for all securities, with an aim to "improve the determination of securities closing prices, facilitate trading at market close and enhance…
Turquoise to Go X-Stream
LONDON—Multilateral trading facility (MTF) Project Turquoise is in the midst of hammering out a contract with Swedish exchange operator and technology vendor OMX Group, which will provide the bank-led consortium with its X-Stream trading platform, says a…
Nasdaq Preps 144A Trading Portal
NEW YORK—After receiving approval from the U.S. Securities and Exchange Commission (SEC), the Nasdaq Stock Market announced last week plans to launch a new online negotiating and trading venue for Rule 144A securities, dubbed Portal, on Aug. 15, say…
NYSE Euronext Slashes Messaging Latency
NEW YORK—Over the past year, the New York Stock Exchange (NYSE) has cut average trade messaging latency in half, say NYSE Euronext officials.