Trading Tech
Interactive Data Conflates NYSE Feed
Interactive Data has begun offering a reduced-bandwidth version of the New York Stock Exchange's Level 1 equity data feed via its PlusFeed consolidated feed service, to help clients save on the costs required to source and process the data.
StatPro Readies SaaS Analytics Platform
UK-based data and analytics vendor StatPro is preparing to launch a new analytics platform, dubbed StatPro Seven, which will employ software-as-a-service (SaaS) technology to provide end-of-day portfolio pricing, performance attribution and risk…
TXC Eyes Connectivity, Asset Class Expansion
Trading Cross Connects (TXC), an incubator and provider of trading technology for high-frequency foreign exchange traders, is building a hosting center in Tokyo that will provide trading firms with low-latency access to trading and market data from FX…
Bats Prepares for Post-OSI Options Launch
KANSAS CITY, MO.-Following last's week's approval by the U.S. Securities and Exchange Commission (SEC), operators of the Bats Exchange plan to roll out options trading in 18 underlying securities beginning Feb. 26.
Pipeline Integrates Block Options
NEW YORK-Block-crossing network provider Pipeline Trading Systems has completed the integration of options trading support with its recently launched Blind Bid Options Cross (BBOX) platform, say officials.
Latency Arms Race Turns to Pre-Trade Risk
NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…
Buy-side compliance and risk functions to align more closely
Compliance and risk operations at some investment management firms appear likely to integrate more closely - or in some instances may even combine outright - over the course of 2010, according to projections by financial technology consultancy Aite Group.
Editor's Letter - The greed for speed
Speed is good. At least, when it comes to the increasingly popular phenomenon of high-frequency trading it is. Speed plays such a crucial role in this respect that if it were absent, high-frequency trading (HFT) would simply be known as... trading.
Quantifi releases Version 9.3
London-based Quantifi, a provider of analytics and risk management products to the global credit markets, has released Version 9.3 of its pricing, hedging and risk analysis platform. Quantifi says V9.3 provides more robust risk reporting, streamlined…
SunGard unveils VPM version 9.0
SunGard has released a new version of its VPM portfolio accounting platform for hedge funds. According to SunGard, VPM version 9.0 provides funds with an enterprise-level portfolio accounting application built on a service-oriented architecture for plug…
Buy-side risk projects set to increase in 2010
Following mounting evidence that risk management processes in the traditional asset management and hedge fund industries proved alarmingly inadequate in the midst of the global credit crisis, investment managers are now intending to beef-up risk…
Daiwa looks to Syncova OPTIMA/Broker for margining support
Daiwa Securities Europe, the European arm of Japanese investment bank Daiwa Securities, has deployed Syncova's OPTIMA/Broker platform, with a global licence, to support its expanding synthetic prime brokerage business line. OPTIMA/Broker is a prime…
Evercore takes Advent's APX and Moxy applications
Evercore Pan-Asset Capital Management will imple ment Advent's Moxy OMS and the vendor's Advent Portfolio Exchange (APX), an integrated portfolio and client-relationship management platform. According to Advent, Evercore had previously relied on…
Holland Park selects Algo Risk Service
Holland Park Risk Management (HPRM), a Toronto-based independent risk management adviser to pension fund managers in the US and Canada, has signed a three-year contract for the Algo Risk Service, Algorithmics' outsourced risk management and portfolio…
Reduced latency for SunGard's GL Net global order-routing service
SunGard has deployed new ultra-low latency market data distribution (MDD) servers for GL Net, its market-data and order-routing network. GL Net customers are now able to access highly scalable and enriched market-data flows delivered at a microsecond…