Trading Tech
XtremeData Debuts High-Performance Database Appliance
SCHAUMBURG, ILL.-Hardware-based analytics accelerator platform provider XtremeData has released a new database product for analytic queries, dubbed dbX Analytics System, today, Monday, July 27.
Equiduct Gains Citadel Cash, Eyes Retail Flow
LONDON—Citadel Securities, an arm of alternative asset manager Citadel Investment Group, has taken a majority stake in Equiduct Trading, a move that should transform the multilateral trading facility (MTF) after a slow start in the European market, say…
AboveNet Grows U.K. Network
LONDON-Global network service provider AboveNet is expanding its fiber-optic network to meet increasing demand for direct fiber connectivity to a growing numbers of exchanges and multilateral trading facilities (MTFs) located in and around the City of…
Getting That Second Wind
Operators of the Equiduct multilateral trading facility (MTF) are feeling a bit better now that Citadel Securities has taken a majority stake in the venue and guaranteed operating capital to keep it in business for at least the next two years (see story,…
AMD to Round Out Istanbul Family with Cloud Offering
NEW YORK-On the heels of last month's introduction of the six-core version of its Opteron processor line, chip maker Advanced Micro Devices (AMD) expects to add an Extremely Efficient (EE) line of processors tailored to the needs of high-density and…
BOX to Add Block Trading in 2010
BOSTON—Operators of the Boston Options Exchange (BOX) expect to roll out a block trading platform early next year, pending regulatory approval, DWT has learned.
Marco Polo to Own Exchange Gateways
NEW YORK-In order to offer its clients better and more secure access to emerging markets, FIX-enabled trading network provider Marco Polo Network is working to establish its own gateways into local exchanges, DWT has learned.
Kyte Group Plans Asia-Pacific Connectivity
LONDON–U.K.-based prime broker Kyte Group will connect to Asian derivatives exchanges later this year, officials tell DWT.
Pipeline Rolls Out European Business
LONDON-Officials at crossing network provider and agency brokerage Pipeline Financial Group, the European business of U.S.-headquartered Pipeline Trading Systems, are in the process of gradually introducing platform functionalities as well as onboarding…
Orc Software Readies Orc Trading Beta
LONDON-Trading platform and market connectivity provider Orc Software will start beta testing the latest version of its electronic trading platform, Orc Trading, in the next few weeks, in preparation for an October launch, according to officials.
SpryWare Preps NY4 Ticker Plants
Chicago-based low-latency data software provider SpryWare is deploying its Market Information Server (MIS) ticker plant technology into Equinix's NY4 datacenter, to support clients that need low-latency, direct connections to datafeeds from exchanges and…
SML To Launch Volatility Signal Subscriber Service on Hedgehogs
UK-based analytics vendor Something Modern Logic plans to make its Miri volatility trading signals available as a paid subscription service via Hedgehogs.net, an information portal targeted at hedge funds and their brokers and service providers, within…
AboveNet Bolsters UK Fiber Network
Global network service provider AboveNet is expanding its fiber-optic network to meet increasing demand for direct fiber connectivity to growing numbers of exchanges and multilateral trading facilities located in and around the city of London.
Icap, Fincad Bow Valuation Tool
Interdealer broker Icap and derivatives valuation and risk management software vendor Fincad will this week launch Fair Value Insight, a Web-based solution for users to subscribe to independent portfolio valuation reports that integrate Fincad's…
Have Trench Coat, Will Travel
Maybe it's because I'm watching a film adaptation of John le Carré's espionage novel Tinker, Tailor, Soldier, Spy, or maybe it's because summer is here and Tom Clancy and Robert Ludlum novels are perfect beach reading material, but for some reason I have…
Connors Readies Rise of The Machine
Connors Group, a provider of financial information and commentary portals, has launched a beta version of The Machine, a Web-based tool for traders that predicts the likelihood of price movements based on historical performance.
BMC Debuts Best Practices for Internal Clouds
HOUSTON-To help capital markets firms establish their own internal cloud computing infrastructures, IT and business service management provider BMC Software has released a set of best practices, dubbed the Business Service Management (BSM) platform.
Building for Better Service
As the intergration work between the brokerage activities of Société Générale (SocGen) and Calyon Financial to form Newedge nears completion, the broker-dealer looks to focus on other issues. DWT European reporter Cecilia Bergamaschi sat down with…
Citi Sets September Migration Deadline for Velocity
NEW YORK-Citi will complete the migration of all clients to CitiFX Velocity, from incumbent foreign exchange (FX) e-commerce system CitiFX Trade, by mid-September, according to a senior official.
IPC Cuts Staff, Reassesses Strategy
LONDON-After recently downsizing, trading floor communications technology provider IPC Systems is in the process of redefining its business strategy, DWT has learned.
Portware Readies New Options Front End
NEW YORK-Execution management system (EMS) provider Portware is currently testing a new options front-end trading system, dubbed Portware Options, slated to be released between the end of the third quarter and the beginning of the fourth quarter this…
ClearSight Scraps Cronos 2.0 Development
FREMONT, CALIF.-Network monitoring technology provider ClearSight Networks has scrapped plans to finish developing the second phase of its Cronos product, according to vendor officials.
IP Trade Expands Asia Business
NEW YORK-In order to expand its business into new markets, Internet protocol- (IP)-based trading communications platform provider and turret vendor IP Trade will open a new office in Asia later this summer, DWT has learned.