Trading Tech
Pension power plays
In early 2009, House Call noted that $200 billion pension fund manager California Public Employees' Retirement System (CalPERS), the largest in the US, announced intentions to get tough with hedge fund managers seeking its capital, requiring more…
Advent unveils update to Axys
Advent Software has released Axys 3.8, an updated version of the San Francisco-based buy-side vendor's portfolio accounting and reporting platform. Axys 3.8 includes updates to support the 2010 Options Symbology Initiative (OSI), an industry-wide…
Risk tech reviewed
Following the market collapse of 2008, 2009 was a year when asset managers regrouped in terms of portfolio performance and operational margins, which now stand at about 15%, on average, across Europe. But what will happen in the sector this year? Where…
Thomson Reuters launches Islamic Finance Gateway
Thomson Reuters has launched its 'next generation' Islamic Finance Gateway, a global, neutral platform and directory consisting of details for and links to Islamic finance professionals, rating agencies, industry standards bodies, Islamic finance hubs,…
Pricing Partners launches Price-it VaR module
Pricing Partners, the Paris-based independent revaluation specialist and provider of mathematical models and analytics for derivatives and structured products, has released a module providing VaR and stress-test calculations. Named Price-it VaR, it is…
Exchanges Gear Up to Comply with Uptick Rule
NEW YORK-Major U.S. exchanges say modifying their trading systems to comply with the recent changes to limit short selling by the U.S. Securities and Exchange Commission (SEC) will be a coordinated effort and should be completed by the end of the year.
The Deal of the Millennium
As the CEO of an exchange technology provider, what do you do when a premier global exchange comes knocking on your door asking if you would be interested in providing them with a new trading system and also whether they could make a strategic investment…
RTI, Paremus Partner for Next-Gen Cloud
Paremus, a London-based distributed computing software vendor, is integrating its Service Fabric software runtime platform with a low-latency data messaging layer from Sunnyvale, Calif.-based middleware vendor Real-Time Innovations, to create a framework…
Activ Lets Fly With Arrowhead MPU
Low-latency data vendor Activ Financial has added support for low-latency data from the Tokyo Stock Exchange's new Arrowhead technology platform to its datafeed, as well as to its ActivFeed MPU (Market data Processing Unit) hardware accelerated ticker…
Paremus Adds Clients with Low-Latency Messaging
LONDON-Two unnamed global investment banks plan to have pilot implementations of the OSGi-based Paremus Service Fabric (PSF) from Paremus up and running this spring, vendor officials tell DWT .
Capital IQ Revamps Comps, Expands Spotfire Visuals
Standard and Poor's Capital IQ subsidiary has rolled out a new release of its desktop data display platform that incorporates its revamped comparative analytics functionality, as well as updates to existing components to make it quicker and easier for…
Fixnetix Uncorks Burgundy Data
Low-latency data and trading technology vendor Fixnetix is in the final stages of conformance testing with Stockholm-based multilateral trading facility Burgundy, and will next month begin offering a low- latency feed of data from the trading venue, as…
QuantHouse to Update QuantFactory
Low-latency data provider QuantHouse will launch a new version of its QuantFactory automated trading strategy development framework next month that will be more robust, faster, and able to handle higher volumes of data when back-testing trading…
Keeping an Eye on the Prize
I must apologize in advance to all theoretical physicists out there, but I recently heard a wonderful joke. A dairy owner is trying to figure out how to maximize his milk production so he writes to the smartest man he knows-his brother, the theoretical…
Australian Securities Exchange to Adopt Genium Inet
SYDNEY-Operators of the Australian Securities Exchange (ASX) plan to retire the exchange's legacy Click XT trading platform from Nasdaq OMX and replace it with the Genium Inet trading platform, also from Nasdaq OMX, for its equities and derivatives…
European Regulators Okay Clearinghouse Interoperability
LONDON-Several European market regulators have recently published their positions on central counterparty (CCP) clearing linkages, and clearinghouses are preparing to take the next step in interoperability.
Icap Revamps Global Messaging Architecture
NEW YORK-As part of a broader infrastructure initiative intended to establish a services framework atop a high-performance low-latency messaging infrastructure, Icap Electronic Broking (IEB) is in the midst of deploying a global network of message…
Cost, Performance Concerns Dominate SIX Swiss Exchange
With the rise of multilateral trading facilities (MTFs) and systematic internalizers (SIs), European exchanges face challenges they never envisioned prior to the introduction of the Markets in Financial Instrument Directive (Mifid). DWT European reporter…
UNX Eyes Europe, Multi-Asset Support
NEW YORK-Execution management system (EMS) provider UNX plans to expand its UNX Catalyst Portal to include more assets and greater geographic coverage, vendor officials tell DWT .
Cinnober Gains Real-Time Clearing Client
STOCKHOLM-Trading and clearing platform vendor Cinnober has signed the first client-an unnamed firm-for its new real-time clearing platform, and is negotiating with three or four parties in Europe who are looking for a clearing system, vendor officials…
Introducing Brokers Ramp Up Application Spending
BOSTON-U.S. introducing brokerage firms are poised to increase spending on business applications this year, while clearing firms will compete to get more of that spending, according to the authors of a recent white paper from industry research firm Aite…