Trading Tech
On Turning Two
There seems to be a Hollywood law that sequels can never be as good as the originals. This rule will be tested with the release of the Michael Douglas film Wall Street 2 , which many on Wall Street witnessed being filmed in the neighborhood last week…
The Next Wave of Algorithmic Trading
Although no one is totally sure what the next generation of trading algorithms will look like, a number of industry insiders expect that they will use complex event processing (CEP) capabilities and support multi-asset trading strategies.
Mapping Out Smart Order Routing
As smart order routers continue to gain in importance for achieving best execution, regulators and buy-side firms are eyeing this sell-side technology in greater detail than ever before. Now regulators and buy-side clients are demanding more transparency…
Examining How to Do More with Less
As the global economy continues to limp along, financial services firms are forced to rationalize their IT investment even more than in the past. However, lower IT investment does not necessarily mean lower-performing trading infrastructures.
Best Execution: Beyond the Numbers
As we approach the end of the decade, it is interesting to reflect on the seismic shifts that have taken place in our industry since the start of the new millennium-a period of change unrivaled in our history.
Rapid Addition FIX Engine Targets Garbage Collection
LONDON-Users of FIX messaging platform provider Rapid Addition's RA Cheetah FIX engine and RA Quantum FIX Adapted for Streaming (FAST) gateway should see a performance improvement as the vendor rolls out new memory management techniques, which eliminate…
Nomura Deploys Xaqua as Single-Dealer Front End
LONDON-After initial conversations that took place in early summer, global investment bank Nomura went live last week with a Web-based single-dealer front end from Caplin Systems for the bank's cash foreign exchange (FX) business, officials announced…
Chi-X Debuts Sponsored DMA Access
LONDON-To better cater to high-frequency traders, officials from pan-European equity multilateral trading facility (MTF) Chi-X Europe announced today, Oct. 19, the rollout of Chi-Velocity, a proximity-hosted risk management offering for sponsored direct…
Alone in the dark
For years, as dark pools proliferated in the US and now take hold in Europe, industry sources have speculated that consolidation among these venues was inevitable. The consensus was that upwards of 40 different venues operating in the US couldn’t all…
Fitch Bows Standardized Delivery
Fitch Solutions, the technology and content arm of ratings agency Fitch, will this week unveil a new platform for providing its content in a standardized delivery format that will enable the vendor to better meet specific client data needs.
Exchanges on the Ascendant
I would like to thank everyone who attended our Best Execution 2009 event in Manhattan last week for making the conference such as roaring success. I would also like to thank our event sponsors who made the free event possible. Also, to our internal team…
A Funny Thing Happened on the Way to Reform
Thomas Peel didn't invent the police force to manage law-abiding citizens, but rather to bring criminals to justice. Thus it's hardly surprising that market participants sometimes feel uncomfortable about the role they are cast in when dealing with…
Caplin Adds Reuters News to Trader
London-based data technology and trading software vendor Caplin Systems has integrated RSS news feeds from Thomson Reuters into its Caplin Trader front end, for banks to distribute to clients as part of their single-dealer trading platforms.
Endace Adds Visualizations, Data Forwarding to NinjaProbe
New Zealand-based network monitoring technology provider Endace last month rolled out a new version of its hardware-based NinjaProbe monitoring platform, which expands on the system's core packet capture functionality by adding a visualization tool and…
NYSE Expands SFTI Services in Europe
NYSE Euronext is expanding the range of services available via its Secure Financial Transaction Infrastructure (SFTI) network in Europe, to include a European version of its SuperFeed low-latency consolidated feed, and connectivity to rival exchanges and…
Townsend Adds QuickStart Setup Tool to API
Chicago-based data and trading technology vendor Townsend Analytics has released a new version of its data API that is easier to use and requires less coding by clients to integrate the data with proprietary or third-party analytical systems.
Aleri Slates Platform Integration for 2010
CHICAGO-After its acquisition of Coral8 in the first quarter of this year, complex event processing platform vendor Aleri plans to have the next generation of its architecture fully backwards compatible for both legacy platforms beginning in 2010, vendor…
Is Wall Street Trading Theft?
Capitalism in the U.S. has taken a body blow and old socialists and newer free-economy alternatives echo the charge that Wall Street has plundered the economy. However, the maligned Wall Street trading rooms, Chicago trading pits and the exchanges still…
Nasdaq OMX Launches Nordic CCP
STOCKHOLM-Global ex-change operator Nasdaq OMX launched its central counterparty (CCP) clearing services as DWT went to press on Oct. 9.
MS Bows Corvil to Combat Data Latency
Morgan Stanley is deploying systems from Dublin-based latency monitoring technology vendor Corvil to manage data latency across its European and US market data and trading infrastructure.
Morgan Stanley Seeks Latency TCA Offering
NEW YORK-As execution latency becomes a growing opportunity cost for low-latency traders, Morgan Stanley is investigating offering inter-party latency data as part of its transaction cost analysis (TCA) to its buy-side clients.
Panopticon Eyes EX Update
LONDON-Data visualization platform provider Panopticon Software expects to release version 5.3 of its Panopticon EX offering on Nov. 5 with a quick followup release of version 5.4 of its Panopticon Developer (PD) software development kit (SDK) on Nov. 23…
Morningstar Launches Thin-Client QuoteSpeed Terminal
Chicago-based data vendor Morningstar is rolling out a new, thin-client version of its QuoteSpeed workstation, designed to utilize Web delivery to cut the cost of ownership for clients and to appeal more to a US-based audience.