Trading Tech
Guest Editorial - Evolving to Meet New Challenges
Ray D'Arcy recaps the year in which he became president and CEO of Interactive Data Corp., and looks ahead to 2010
Regulators Take Aim at Flash, High-Frequency Trading
Regulators spent much of early 2009 in the spotlight for failing to spot and halt Ponzi schemes like Bernie Madoff's, but shifted the focus in the latter half of the year to practices surrounding algorithmic and high-frequency trading, to the distress of…
Economic Woes Drive Data Caution
The economy continued to overshadow data strategies and decisions in 2009, and even though the markets have shown a swift recovery in some quarters, continued uncertainty about the economic climate is prompting firms to take a cautious approach to…
Latency: Industry Ups Focus on Measurement
The race to zero of eliminating latency from data distribution and processing continued apace in 2009, though firms also became more critical of their ability to accurately measure latency, to assess their status compared to their peers.
CEP Consolidates Position as Technology Matures
Complex event processing software vendors pushed into new business areas in 2009 as CEP gained adoption for mainstream applications, and to mitigate the impact of the economy with a diversified product set.
InfoNgen Preps Internal Content Management 'Appliance'
Web-based content aggregator InfoNgen is rolling out an application that aggregates and filters content to which firms already have access, providing portfolio managers and analysts with a manageable stream of individually targeted information.
Data Consumers Spend for Technology Edge
Difficult operating conditions prevailed in the aftermath of the financial crisis, but user firms continued to invest in data technologies to give them an edge over rivals during 2009, either in the speed of sourcing and processing data, or in quality of…
SystematIQ Boosts AlphaWorks Analytics
SystematIQ, the Chicago-based quantitative research group of Standard and Poor's Capital IQ Solutions division, this month rolled out a new version of its Web-based AlphaWorks market analysis and quantitative research tool, expanding the comparative…
Chi-Tech Adds 29West to MarketPrizm
NEW YORK-Chi-X Global Technology (Chi-Tech), the technology unit of market operator Chi-X Global, recently swapped out its legacy middleware platform for its MarketPrizm hosted trading environment for the European markets in favor of 29West Messaging.
Colt Prepares Fastnet Ultra Service
LONDON-European network service provider Colt Telecom is investing up to £100 million ($161 million) in its network infrastructure to support a new service, Fastnet Ultra, which will provide clients with easily provisioned high-bandwidth networks to…
Aite: Naked Access Ready for Reform
BOSTON-According to a recent research note published by industry analyst firm Aite Group entitled Sponsored Access: Where the Naked Need Not Apply , most high-frequency traders, sponsoring brokers and exchanges have come to a consensus that some sort of…
TMS Update Targets Real-Time Risk Management
CHICAGO-Trading platform vendor InfoReach has added a number of risk management features to the latest release, version 7.1, of its InfoReach Trade Management System (TMS), DWT has learned.
GFI Eyes Europe for Credit Auction
NEW YORK-Interdealer Broker GFI Group aims to deploy its Web-based over-the counter (OTC) auction capability to the European and Australian markets sometime in the first quarter of 2010, DWT has learned.
Colt Readies New Fastnet Ultra Service
European network service provider Colt Telecom is preparing to launch a new service, dubbed Fastnet Ultra, which will provide trading clients with easily provisioned high-bandwidth networks to connect to their choice of European marketplaces via a single…
Omgeo Slates ProtoColl Update
LONDON-Post-trade utility Omgeo is set to release version 4.9 of its Omgeo ProtoColl collateral management service in early 2010, say officials.
BMO Preps for Regulatory Revamp
As demand for high-frequency trading migrates to Canada, the country's regulators, like their U.S. counterparts, are likely to reconsider the financial industry regulatory framework. These changes, in turn, will require major Canadian firms to re-think…
Exegy Adds Chi-X Canada Handler
St. Louis, Mo.-based hardware ticker plant provider Exegy has developed a feed handler to process Level 2 market data from Canadian alternative trading system Chi-X Canada to meet demand from its high-frequency trading clients for access to more Canadian…
Banks Unfazed by Public Clouds
NEW YORK-The industry will find ways to allay concerns about the public nature of cloud computing as practiced by corporations such as Google and Amazon.com, according to panelists at the Waters USA 2009 conference hosted by sibling publication Waters .
Credit Suisse Wins Best IT Team
NEW YORK-On a cool and starry Manhattan evening last week, Credit Suisse took home the fifth annual American Financial Technology Award (AFTA) for Best IT Team for its application development and infrastructure teams' Armor Day 2 initiative, which…
Bond MTF Waits for Regulatory Green Light
LONDON-The new Vega-Chi multilateral trading facility (MTF) is awaiting final approval by the U.K. Financial Services Authority (FSA) to commence operation as what Chi-Vega officials claim is the first convertible bonds MTF.
CIOs: Lack of Standards, Scale Plague Firms
NEW YORK-Scale, standardization and legacy software are three of the greatest industry challenges identified by CIOs and CTOs who spoke at the recent Waters USA 2009 conference hosted by sibling publication Waters .