Trading Tech
Cyber Trading Technologies Europe Expects Smart Order Routing, Algo Overlap
LONDON-As smart order routing (SOR) technology becomes more prevalent in European markets, the lines between SOR and trading algorithms will blur, according to industry insiders.
Cyber Trading Technologies Algorithms Alter Dark Pool Dynamics, say Panelists
LONDON-Although dark liquidity cannot be considered an innovation in the financial markets, dark pools have been recently transformed by algorithmic trading, according to market participants.
Putting Humpty Dumpy Together Again: Dealing with Fragmentation and Liquidity Management
The following is an excerpt from a presentation entitled Impact of a Fragmented Market on Liquidity Management given by Tom Middleton, head of European algorithmic trading with Citigroup, during the Best Execution 2009 conference in London.
Bats Exchange Looks to Trade Options From 2010
KANSAS CITY, MO.-After several months of research and planning, operators of the Bats Exchange plan to file rule changes around the end of August with the U.S. Securities and Exchange Commission (SEC) to commence options trading in 2010.
Compliance Technologies New Faces and Regulations for the European Market
As the global economy attempts to right itself, national and supranational market regulators seek ways to prevent similar situations from reoccurring in the future. Below is an excerpt of the keynote address entitled The E.U. Regulatory Model: Challenges…
Infrastructure Technologies Build for Core, Buy for Generics
LONDON-When looking to add technologies to support their core businesses, financial firms should try to build them internally. However, when requiring more generic components, the best choice is to buy off-the-shelf products, say industry participants.
The Naked and the Dead
It appears that it will be only a matter of time before the U.S. Securities and Exchange Commission (SEC) writes the obituary for naked sponsored access to the exchanges. Most people in the industry agree that it is a smart thing to do in order to…
From Russia With Latency
With a birthday coming up at the end of the month, I was expecting some cards, so I was encouraged to see one arrive in the mail this week from some business contacts in Russia. However, when I opened the envelope, I realized that all was not as it first…
Interactive Data Eyes Global DirectPlus
Interactive Data is laying the groundwork to expand its DirectPlus direct feeds service outside North America, and is evaluating client demand for access to data from exchanges and trading venues in other regions worldwide, officials say.
EquityFeed Adds Short Data, Studies
Montreal-based data vendor EquityFeed Corp. has added a short-interest analysis feature to its data desktop, and is beefing up the workstation's analytics with new charting displays and a new library of technical analyses.
Panel Urges Euro Data Standards
The financial industry must encourage the adoption of standards in order to ease the burden of consolidating ever-increasing data volumes from a fragmented market, according to panelists at an event held by Thomson Reuters in London last week.
Derivix Adds External Volatilities
New York-based options pricing and risk analytics software provider Derivix has incorporated new features into its pricing and analytics platform, including the ability to compare its proprietary volatility models with external models, to help sell-side…
Navigating Market Volatility with Real-Time Risk Management
It wasn't long ago that the most sophisticated investment firms wanting to manage their risk needed to run their Monte Carlo simulations and other models as overnight processes due to IT constraints. Thanks to faster processors and innovations such as…
Eurex Looks East and West
As exchange mergers and partnerships become the norm, DWT European reporter Cecilia Bergamaschi sits down with Thomas Lenz, Eurex executive board member responsible for operations, to discuss the bourse's global technology and connectivity strategy.
Citi Adopts TradeSmart, Sunsets LavaX
NEW YORK-Global banking giant Citi has chosen to replace its internally developed single-stock LavaX execution management system (EMS) in favor of deploying the hosted multi-asset class TradeSmart platform from EMS provider TradingScreen.
Algorithmics Enhances Real-Time Risk Product
TORONTO-Financial risk management software provider Algorithmics is preparing to launch a new version of its Counterparty Credit Risk product, with enhancements in real-time risk management, in October this year, officials tell DWT .
New Display Book Cuts NYSE Equities Latency
NEW YORK-Traders on NYSE Euronext's NYSE Equities platform can now get their trade executed and reported within 5 milliseconds, claim exchange officials.
Tradeware Streamlines Reporting
NEW YORK-Electronic global equity market access provider Tradeware Global plans to provide its clients standard end-of-day reports before the end of the year.
UDP Feed Boosts Currenex Data Updates
Foreign exchange trading platform Currenex is preparing to roll out a recently launched low-latency datafeed based on UDP data transmission technologies to a second round of clients, to help high-frequency FX traders better manage latency and bandwidth…
UNX Readies Catalyst EMS Release
NEW YORK-Agency broker and technology provider UNX will go live with its new hosted broker-neutral execution management system (EMS), dubbed Catalyst, within a month, DWT has learned.
Nasdaq OMX Sets 144A Alliance Launch
NEW YORK-Global exchange operator Nasdaq OMX and a consortium of nine major global investment banks are preparing to announce the official formation of a business alliance to trade 144A securities on Nasdaq OMX's Web-based Portal platform.