Trading Tech
Aegisoft Rolls Out Algo Back Tester
NEW YORK-Execution management system (EMS) and FIX validation vendor Aegisoft has recently launched its Java-based Algo Back Tester (ABT) platform, which allows developers to hone their algorithms using real-time and historical market data.
Thomson Reuters Plots Roadmap to Utah
Thomson Reuters has announced a new product roadmap for the rollout of its next-generation market data desktop platform, also known as the "common platform" and internally dubbed Project Utah until the vendor reveals final branding, which will be…
FPL Prepares Latency Working Group Launch
LONDON-FIX messaging protocol governing body FIX Protocol Ltd. (FPL) plans to formulate a new standard engine aimed at measuring latency and increasing transparency. In the coming weeks, FPL expects to form a new working group to address the development…
Enlightening the Dark Pools
It was bound to happen eventually-the U.S. Securities and Exchange Commission (SEC) has taken on dark liquidity pool reform ( see story, page 1 ). In a five-to-nothing vote, the regulator has sent a clear message to the industry that things are going to…
A Lesson in Latency from LA
Last Thursday night, seeking inspiration for my column, I had the pleasure of watching a playoff game between the New York Yankees and the Los Angeles Angels of Anaheim. In a 45-minute seventh inning, the Yankees came back from a 4-0 deficit to end the…
Latency, Infrastructure Key at FIA Expo
News from exhibitors at the Futures Industry Association's annual Futures and Options expo in Chicago last week reflected the ongoing themes of direct feeds, co-location and low-latency connectivity.
EquityFeed Strikes Trading Alliances
Montreal-based data vendor EquityFeed has integrated its market data and idea generation terminal product with trading platforms from New York-based direct market access broker Lightspeed Financial and Chicago-based trading terminal vendor Sterling…
BATS Extends Savvis Hosting Deal
BATS Global Markets, the parent company of the BATS Exchange and BATS Europe trading platforms, will this week announce a multi-year deal with network and hosting provider Savvis to expand its datacenter in the vendor's hosting facilities in Weehawken,…
Cloud Computing: The Future, Delayed
LONDON-Cloud computing is unavoidable at present-consumer-grade offerings have already hit the market, universities and city governments are using a number of cloud-based applications, while software vendors and cloud service providers are touting its…
Oslo Børs Diversifies Clearing Offering
OSLO-Norwegian exchange operator Oslo Børs has recently signed a memorandum of understanding (MoU) with Oslo Clearing, its existing clearing partner, and LCH.Clearnet to offer exchange members a choice of central counterparty (CCP) clearinghouses.
Brokers Seek Clearing Transparency
LONDON-Price transparency isn't just a front-office concern for brokers as many are seeking better transparency from European exchanges about clearing and settlement tariffs so that firms can calculate fees as a proportion of value traded.
Lime Certifies Open-Source OMS
NEW YORK-Traders seeking to execute on agency broker Lime Brokerage's low-latency trading systems can do so via an open-source offering, as the firm recently certified the Automated Trading Platform (ATP) from open-source order management system (OMS)…
Trayport Targets Smaller Firms with Pre-Trade Risk
LONDON-Commodities trading system provider Trayport plans to lower the barrier of entry for proprietary trading houses and hedge funds to participate in the energy markets with a pre-trade risk offering to be launched in about 12 months, according to…
Townsend Rolls Out Trading API Update
CHICAGO-Multi-asset trading platform provider Townsend Analytics recently debuted the version 3.0 of its RealTick application programming interface (API), which sports a new QuickStart application that simplifies code development and expanded…
Bats Readies Global Datacenter Upgrade
KANSAS CITY, MO.-In preparation for the launch of the a second protected cash equities quote and a new options exchange in the U.S. market, exchange and multilateral trading facility (MTF) operator Bats Trading has leased a significant amount of new…
CarryQuote Adds Italy Data, Sales Partner
Zug, Switzerland-based desktop and mobile data vendor CarryQuote has expanded its data coverage with market data from the London Stock Exchange's Italian subsidiary Borsa Italiana, and has enlisted a sales partner in Italy as part of an ongoing effort to…
7Ticks Deploys Correlix for Latency Monitoring
Chicago-based managed services provider 7Ticks is rolling out New York-based latency monitoring technology vendor Correlix's Latency Intelligence suite to support internal monitoring and performance analysis across its infrastructure.
SR Labs Allies With Options IT for Hosted Feed Handler
New York-based low-latency co-location technology vendor SR Labs has partnered with infrastructure-as-a-service provider Options IT to launch a fully managed feed-handler component in Options IT's Options Pipe direct feed and infrastructure management…
Thomson Reuters Boosts Direct Asia Data
Thomson Reuters has added new market venues to its low-latency Reuters Data Feed Direct (RDF-D) managed feed service, bringing the total number of markets supported by RDF-D in the Asia-Pacific region to more than 20, officials tell Inside Market Data .
PrismTech, CSI Prep Open-Source Trading Infrastructure
Boston-based integration software and middleware vendor PrismTech will next year combine its OpenSplice DDS (Data Distribution Service) middleware platform with the Open Market Data (OMD) architecture from Portland, OR-based data technology provider…
Managing High-Frequency Risks
While commentators eagerly debate the merits of high-frequency trading, everyone agrees that high-frequency trading, like any trading activity, requires thorough risk management.
Dark Liquidity Pools Come of Age
As dark liquidity pools continue to cause paranoia for retail investors and consternation for regulators, a panel of industry insiders gathered at the Best Execution 2009 conference in New York, hosted by DWT and sibling publication Buy-Side Technology ,…