Trading floor technologies
RTS Offers Singapore Exchange Gateway
SINGAPORE—The Singapore Exchange (SGX) announced an expanded cooperation with independent software vendor (ISV) RTS Realtime Systems Group, allowing RTS customers to access SGX through the vendor's multi-asset trading platform, Realtime Trading Desktop …
Fidessa Adds Morgan Stanley to EMS
LONDON—Order management system (OMS) and market data provider Fidessa announced today, Aug. 13, an agreement to distribute Morgan Stanley's electronic trading services through its new Fidessa LatentZero execution management system (EMS).
UBS Rolls Out Algo Strategy for Commodities
LONDON—UBS Investment Bank has launched its UBS Commodities Portfolio Algorithmic Strategy System (Comm-Pass), a portfolio-based algorithmic strategy that exploits momentum in the commodity markets to generate returns through automated long and short…
Orc Software Debuts Hosted Algorithms
NEW YORK—Swedish trading platform vendor Orc Software has launched Orc Liquidator Hosted, an exchange co-located, fully hosted algorithmic trading solution, which aids in the quick deployment of derivatives trading algorithms while providing low-latency…
Knight Preps FX for EMS
JERSEY CITY, N.J.—Market-maker Knight Capital Group plans to integrate foreign exchange (FX) trading capabilities into the next release of its Knight Direct EMS platform, due out in September, say brokerage officials.
CNCB Rolls Out BT to Trading Floor
BEIJING—China CITIC Bank Corp. (CNCB) officials announced last week that the bank has deployed BT's converged trading communications solutions for its main trading floor in Beijing.
Paper: Expand Cross-Asset OMS Support
NEW YORK—Trading systems that support cross-asset trading are no longer an option, but a necessity, concludes a recent white paper issued by consultancy Tabb Group.
On Point Debuts Options Sweep
NEW YORK—Agency brokerage On Point Executions plans to roll out its new smart order routing and liquidity matching engine for equities options, dubbed Sting, today, July 16, DWT has learned.
BAS to Enhance InstaQuote
NEW YORK—Banc of America Securities (BAS) plans to add strategy engines to its InstaQuote electronic execution system, bank officials tell DWT .
Euronext.liffe to Launch Stirs Algo
LONDON—European derivatives exchange Euronext.liffe plans to debut a new trade matching algorithm for its short-term interest rate (Stirs) futures contracts on Aug. 20, exchange officials say.
Fidessa Rolls Out DLA Service
NEW YORK—Order management system (OMS) and market data provider Fidessa announced the launch of its Fidessa Global Direct Liquidity Access offering last week.
SGX to Offer Radianz Proximity
LONDON—To address the rising tide of foreign algorithmic traders, the Singapore Exchange (SGX) announced that it has adopted the Radianz Proxmity Solution from BT for the exchange's derivatives market, say SGX officials who spoke at a jointly hosted…
BNY ConvergEx Launches EMS
NEW YORK—Global agency broker BNY ConvergEx announced that it has added execution management system (EMS) functionality to version 5.7 of its Eze Castle order management system (OMS), vendor officials announced last week.
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…
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…
BT Rolls Out ITS Anywhere for Nortel
LONDON—Telecom vendors Nortel and BT have announced a collaboration to bring to market ITS Anywhere for Nortel that will enable investors' phone calls and communications to be monitored and accessed on or off the trading floor, say BT officials.
Instinet Launches Sidewinder Algorithm
NEW YORK—Agency broker Instinet has announced the addition of Sidewinder to its suite of algorithms, say firm officials.
BEA Leaps Into Complex Event Processing
NEW YORK—To address Java’s shortcomings in complex event processing (CEP) environments, BEA Systems announced today the planned summer launch of its WebLogic Event Server (WLES) and version 2.0 of its WebLogic Real-Time (WLRT) platform.
CIB Taps Etrali for Shanghai Trading Floor
SHANGHAI—As part of a new dealing room deployment, China Industrial Bank (CIB) plans to roll out 70 Mach 3D turrets from Orange Business Services (OBS)–Trading Solutions, née Etrali, in early June, a vendor official tells DWT.
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.
Mifid Morphs Trade Cost Analysis, Says Industry
LONDON—The days of post-trade transaction cost analysis (TCA) is quickly being supplanted by institutional investors' desire for real-time pre-trade analytics, say industry insiders.
Panel: 'Direct Market Access Is Dead'
LONDON—Direct market access (DMA) execution will be going the way of the dodo bird in the face of Regulation NMS in the U.S. and the E.U.'s Markets in Financial Instruments Directive (Mifid), which will further facture market liquidity, say industry…