Trading Tech
Bank of East Asia Signs Up FinIQ
HONG KONG-Bank of East Asia plans to go live with the FinIQ Structured Products System to augment its treasury business in Hong Kong by the end of the year, say vendor officials.
Savvis Slates 2010 Launch for Project Spirit
LONDON-Rolling out the capabilities of a new datacenter might be as simple as clicking a mouse button if cloud computing platform Project Spirit gets off the ground, according to officials from network and hosting facilities provider Savvis.
Front End Vendors Move Spreader Algos to Servers
NEW YORK-Multi-asset traders looking to shave extra milliseconds of latency off their spread-order trade messages have two new options as trading platform providers CQG and Trading Technologies International (TT) move their respective spreading…
Interactive Brokers Readies Mobile Trading Release
GREENWICH, CONN.- Traders who use Apple iPhones will be able to step away from their desks as prime broker Interactive Brokers (IB) is preparing to launch an iPhone-enabled version of its Trader Workstation (TWS) trading front end, dubbed iTWS, brokerage…
Oslo Børs Continues TradElect Migration
OSLO-Operators of the Oslo Børs have confirmed plans to continue the exchange's matching engine migration to the London Stock Exchange's (LSE's) TradElect platform, despite the U.K. exchange's recent acquisition of exchange platform provider MillenniumIT.
Bids Preps for Datacenter Move
NEW YORK-By the end of the year, operators of alternative trading system (ATS) Bids Trading expect to relocate their systems to their own datacenter facility within the Equinix NY-4 datacenter located in Jersey City, N.J., according to Bids officials.
RTI Unveils Data Routing Service
Messaging provider RTI will this week allow early adopters to begin testing its RTI Routing Service, a software router for distributing, transforming and filtering data between DDS (Data Distribution Service) systems that improves integration between…
Putting a Value on Valuations
Valuations aren't just a part of firms' investment and portfolio management strategies; they are also big business, as Thomson Reuters' recent forays into evaluated pricing with the acquisition of part of Moody's Evaluations, and the hires of staff from…
Fidessa Adds OTC Data to Liquidity Analytics
UK-based trading technology and market data vendor Fidessa is planning to incorporate data from over-the-counter trade reporting venues and dark pools into its Fidessa Fragmentation Index (FFI) liquidity analytics service, which traditionally focused on…
European Data Dilemmas: Navigating Fragmented Liquidity
The end of concentration rules brought about by the European Commission's Markets in Financial Instruments Directive has heralded a new age of competition between exchanges and multilateral trading facilities. But what are the implications for the market…
The Future of High-Frequency Trading
The popularity of high-frequency trading is growing by leaps and bounds within the financial services industry, despite the growing political pressure to further regulate it. High-frequency trading adds liquidity to the market, tightens spreads while…
Handling the Growing Buzz
High-frequency trading is at a crossroads. The barriers to entry for high-frequency trading have never been this low for buy-side firms. At the same time, sell-side brokers are facing a low-latency arms race trying to make sure they can deliver the…
Evolving Demands Lead Wedbush to Diversify
Automated trading has been constantly evolving over the past decade as trading technology progresses, but its overall effect on the cash equities markets has not changed: Trading margins continue to come under increasing pressure as more firms want to…
TradElect Replacement Fuels LSE's MillenniumIT Buy
LONDON-In a move that surprised many in the industry, the LSE Group recently announced plans to acquire Sri Lankan exchange platform provider MillenniumIT in a deal priced at £18 million ($30 million), say exchange officials.
Bank Leumi Takes WSS FX Options Module Live
TEL AVIV-Bank Leumi went into production with Wall Street Systems' (WSS's) foreign exchange (FX) options module for the middle- and back-office processing of vanilla, exotic and non-deliverable options at the end of August, DWT has learned.
Options IT Acquires BNP Paribas IaaS Unit
NEW YORK-Infrastructure-as-a-service (IaaS) provider Options IT has expanded its U.S. datacenter footprint with the acquisition of the assets and clients of BNP Paribas' infrastructure hosting business, officials announced today, Sept. 21.
Bats Mulls Second U.S. Quote
KANSAS CITY, MO.-The operators of the Bats Exchange plan to file an application with the U.S. Securities and Exchange Commission (SEC) for a second equities exchange license for a new exchange to be called BYX, according to officials.
Carnegie Bank Upgrades PC Blades
NEW YORK-As part of a trading floor re-fresh, Swedish investment bank Carnegie Bank plans to roll out the latest version of ClearCube Technology's quad-monitor PC blade platform across its trading floor, vendor officials announced today, Sept. 21.
BarCap Strengthens Barx's FX Bite
LONDON-Barclays Capital (BarCap), the investment banking division of Barclays Bank, has expanded the foreign exchange (FX) trading capabilities of its Barclays Automated Real-time Execution (Barx) electronic trading platform by introducing a new suite of…
Cloud Consortium Starts Monterey Initiative
NEW YORK-Several cloud computing vendors have announced the planned availability of an integrated enterprise cloud computing test bed, dubbed Monterey, today, Sept. 14.
Solace Upgrades SolaceMQ Scalability, Security
OTTAWA-Hardware-based data accelerator platform provider Solace Systems announced today, Sept. 14, version 4.5 of its SolaceMQ queued messaging platform that offers a major performance boost and improved security capabilities over the previous release.
Solace Touts Latency, Volume Advances
Hardware-based messaging provider Solace Systems will this week announce that it has achieved latency of less than 700 nanoseconds for data transfer between applications using shared memory over the same motherboard in co-location environments requiring…
Kx Improves kdb+ Data Management
Data technology vendor Kx Systems has released version 2.6 of its kdb+ database, which adds support for nanosecond timestamps, and improved tools for managing data transfer across different instances of kdb+ and to other data-consuming applications.