Trading Tech
Onix Solutions Signs French Banks
LONDON-Two unnamed large energy trading French investment firms recently inked a deal with startup FIX connectivity vendor Onix Solutions (OnixS) to connect to the IntercontinentalExchange (ICE), say vendor officials.
CBOE Readies Management Automation
CHICAGO-In order to automate its application and infrastructure management, and stem the loss of institutional memory, the Chicago Board Options Exchange (CBOE) is using two products from IT and business service management provider BMC Software.
Router Utilization Downs Tocom Trading
TOKYO-Traders executing on the Tokyo Commodity Exchange (Tocom) experienced a three-and-a-half-hour break in action last Tuesday, May 12.
Capital IQ Expands Functionality, Datasets
Standard & Poor's Capital IQ division last month rolled out additional functionality and datasets in its Capital IQ desktop platform, to broaden its appeal and make it more of an enterprise-wide data offering.
A Sneak Preview
No one can deny that the unprecedented events of the past year have made life incredibly tough for the financial industry as a whole, and for the market data professionals at consumer firms and vendors that serve the industry with its data needs-all of…
Fixnetix Readies US Low-Latency Play
UK-based low-latency data vendor Fixnetix is setting up hubs and arranging connectivity to datacenters serving the financial trading community in the New York and Chicago, to provide European clients with access to exchanges in North America, and US…
Green Data: Impact vs Low Latency?
Milliseconds matter, but so does public opinion. Professor Michael Mainelli, executive chairman of London-based think-tank Z/Yen Group, says trading can remain competitive while dealing with issues more important than latency.
Correlix Speeds New London Office to Meet Europe Demand
New York-based latency monitoring technology vendor Correlix is preparing to open an office in London to support a growing number of clients it has recently signed in Europe, officials tell Inside Market Data .
IBM Updates Low-Latency Messaging
IBM has released version 2.2 of its MQ Low Latency Messaging (LLM) layer. New features include a message store and shared memory capability to improve the product's reliability, speed and usability.
Pivot Adds Equities to Instant Markets
Messaging and collaboration software vendor Pivot is expanding its Instant Markets application, which creates a quote montage from prices in instant messages, to support block trading of US equities.
Bloomberg, Microsoft Forge Closer Partnership with New Excel Add-in
Bloomberg last week announced an updated version of its plug-in for Microsoft Excel, built in partnership with Microsoft's development team, and a closer partnership with the software giant that involves closer cooperation on client sales and marketing…
Knight Slays Performance Latency
Most broker-dealers are in a race to achieve the lowest network messaging latency possible, but for trade execution and market data, agency broker Knight Capital Group sees managing latency as only one leg in the quest to deliver best execution for its…
PHLX to Begin Inet Migration
NEW YORK-Global exchange operator Nasdaq OMX plans to begin moving the Philadelphia Stock Exchange (PHLX) to the operator's Inet trading system later this year as part of a trading platform upgrade. Nasdaq OMX aims to complete the project early in the…
Mastering Latency Management
Since the introduction of electronic trading, achieving low-latency messaging has been a constant arms race amongst market participants. Being the first to see and execute against a quote puts traders in the best market position possible. Yet creating…
Solving the Latency Problem
As algorithmic and black box traders continue to grow their share of trading volume on the electronic markets, the importance of managing message latency continues to grow in parallel. For those firms that can receive the quotes the quickest and execute…
Multi-Asset Platforms Pose Challenges for Exchanges
NEW YORK-Due to the latest wave of consolidation in the U.S. exchange space, several futures and options marketplaces have become multi-asset venues and are now grappling with the challenges that entails, according to industry insiders.
Sybase Builds Analytics into RAP
Sybase will this week release a version of its RAP Trading Edition data and analysis platform that includes new, embedded real-time analytic capabilities and the ability for users to write or implement their own within RAP, streamlining the process of…
Capgemini Targets FIX QA Efficiency
NEW YORK-Technology and outsourcing services provider Capgemini has released a FIX testing accelerator, which aims to cut the quality assurance (QA) testing lifecyle by 30 to 50 percent, vendor officials tell DWT .
Sybase RAP Gains Real-Time Analytics
DUBLIN, CALIF.-Enterprise software and services provider Sybase has introduced time series analytics to its RAP-The Trading Edition platform in an effort to improve the development of risk and trading models with faster time-series analysis of market…
Nasdaq OMX to Finalize Clearing Deals
STOCKHOLM-Global exchange operator Nasdaq OMX plans to announce it has added one or two clearing partners for its European markets, which will go beyond the memorandum of understanding (MoU) the exchange operator signed with the European Multilateral…
DJ Co-locates Elementized Feeds
LONDON - U.K.-based algorithmic traders using the Dow Jones Elementized News Feed should expect microsecond latency as the vendor plans to collocate its service in Equinix's London-Slough (LD4) International Business Exchange (IBX) datacenter sometime in…
Great expectations
Institutional investors are driving the buy side in terms of the adoption of best practices and the technology that underpins such initiatives. Nowhere is this more apparent than in the client reporting realm where institutional players have come to…
Saratoga to Deploy Nirvana Multi-Prime Platform
NEW YORK-Mini-prime brokerage Saratoga Prime Services plans to provide its small and midsize hedge fund clients with a real-time portfolio management system from Nirvana Solutions, broker officials announced today, May 4.