Exchange Technologies
Burgundy Suffers Trading Halt
STOCKHOLM - Less than a month after its soft launch, Nordic multilateral trading facility (MTF) Burgundy was forced to shut down trading due to a problem in its FIX gateway.
Deutsche Börse Sets XIM Test for Latter Part of '09
FRANKFURT-Deutsche Börse officials plan to start testing the exchange operator's new pan-European trading facility, Xetra International Market (XIM), in the second half of 2009, officials tell DWT .
JonesTrading Adds International Trading Desk
LOS ANGELES-Agency-broker JonesTrading Institutional Services announced today, June 1, that it has deployed the international trading capabilities of its order management system (OMS) and connectivity provided by Fidessa to support the firm's new…
Instinet Launches Third-Generation EMS
NEW YORK-Agency broker Instinet is close to completing the global deployment of the latest version of its execution management system (EMS), Newport 3, officials tell DWT.
Exchange Giants Prepare for New Markets
LONDON & NEW YORK-To meet the rapidly changing market structures, major exchange operators are on the verge of launching a number of initiatives to maintain their dominant positions in the global markets.
NYSE Euronext Sets 2010 London Datacenter Debut
LONDON-Exchange operator NYSE Euronext is set to finish building its new primary European datacenter, located outside London, next month, and will have the core technologies in place by the first quarter of 2010, say officials.
CBOE Readies Management Automation
CHICAGO-In order to automate its application and infrastructure management, and stem the loss of institutional memory, the Chicago Board Options Exchange (CBOE) is using two products from IT and business service management provider BMC Software.
Router Utilization Downs Tocom Trading
TOKYO-Traders executing on the Tokyo Commodity Exchange (Tocom) experienced a three-and-a-half-hour break in action last Tuesday, May 12.
PHLX to Begin Inet Migration
NEW YORK-Global exchange operator Nasdaq OMX plans to begin moving the Philadelphia Stock Exchange (PHLX) to the operator's Inet trading system later this year as part of a trading platform upgrade. Nasdaq OMX aims to complete the project early in the…
Multi-Asset Platforms Pose Challenges for Exchanges
NEW YORK-Due to the latest wave of consolidation in the U.S. exchange space, several futures and options marketplaces have become multi-asset venues and are now grappling with the challenges that entails, according to industry insiders.
Nasdaq OMX to Finalize Clearing Deals
STOCKHOLM-Global exchange operator Nasdaq OMX plans to announce it has added one or two clearing partners for its European markets, which will go beyond the memorandum of understanding (MoU) the exchange operator signed with the European Multilateral…
First Nordic MTF to Go Live Friday
STOCKHOLM-This week the European market will become more fragmented with the launch of multilateral trading facility (MTF) Burgundy serving the Nordic market.
North American Exchanges Rein in Costs for 2009
TORONTO-Continued datacenter consolidation and deploying new equity trading offerings will be on Canadian exchange operator TMX Group's plate for the rest of the year as it addresses the ongoing fragmentation of the Canadian market, according to exchange…
Knight Match ATS Gets Update
JERSEY CITY, N.J.-Agency broker Knight Capital Group has recently redesigned its Knight Match dark liquidity pool to deliver an average response time for order acknowledgement or order cancels of less than 2 milliseconds, DWT has learned.
Chi-X Announces Dark Book
LONDON-Pending regulatory approval, multilateral trading facility (MTF) operator Chi-X Europe plans to launch a dark liquidity book later this quarter, MTF officials tell DWT .
Baikal Selects Technology Partner
LONDON-London Stock Exchange (LSE) officials have selected Fidessa to develop order management and smart order routing (SOR) technology for the LSE's dark-liquidity trading platform Baikal, which is set to launch in July.
CME Pushes Back Datacenter Construction
CHICAGO-In order to bring down capital expenditure for this year, exchange operator and technology provider CME Group is delaying the second phase of its datacenter construction project.
Switching Error Leads to NYSE, NYSE Amex 'Self-Help'
NEW YORK-A network switching error that occurred last Tuesday, April 21, saw a number of U.S. market centers declare "self-help" against the New York Stock Exchange (NYSE) and NYSE Amex markets under the terms of Regulation NMS.
Pipeline Dives Into Block Options
NEW YORK-In a move to widen its instrument support, block equities crossing network provider Pipeline Trading has recently acquired the assets of block options crossing platform operator 3D Markets in an undisclosed private transaction.
Ukrainian Exchange to Roll Out Micex Platform
KIEV-Later this month Ukrainian PFTS Stock Exchange is set to deploy a new trading and settlement system, dubbed PFTS Next, based on technology from the Moscow Interbank Currency Exchange (Micex), as well as exchange operator and technology provider…
Quote MTF Moves Launch to Q3
BUDAPEST-Officials at Hungarian multilateral trading facility (MTF) Quote MTF have delayed the venue's launch to Sept. 4 from its planned June 5 debut since unnamed "major players" could not connect to the platform by then, DWT has learned.
Vienna Exchange Adopts Xetra for Warrants
VIENNA-Officials at the Wiener Börse expect to complete the migration of warrants to the Xetra platform, provided by Deutsche Börse, by the end of June in a single-day switchover. Once completed, all Vienna cash market products will be run on Xetra,…
Deutsche Börse Xetra to Adopt Socket-Based Interface
FRANKFURT-With the next release of the Xetra trading platform, slated for June 8, German exchange operator Deutsche Börse will eliminate the need for users to maintain their member-integrated system server (MISS) in client datacenters, according to…
Turquoise Set to Launch Aggregation Service
LONDON - European multilateral trading facility (MTF) Turquoise is preparing to launch a pan-European liquidity aggregation service later this month, officials tell DWT .