Trading Tech
Cicada to Launch Hosted SOR
LONDON-Trading infrastructure technologies and data management vendor Cicada is preparing a September launch of its hosted smart order routing (SOR) MarketPrizm service, which enables firms to conduct algorithmic trading within the European market, say…
Nasdaq OMX Sees Consolidation Gains
NEW YORK-Exchange operator and technology provider Nasdaq OMX expects to complete integrating the Philadelphia Stock Exchange (PHLX) into its operations by 2009, according to exchange officials.
Bats Ramps Up for European Launch
LONDON-In preparation for a planned November launch of its multilateral trading facility (MTF), Bats Europe is getting ready to commence client testing in the near future, MTF officials tell DWT .
Swift Adds Cash, Fixed Income to Accord
BRUSSELS-Trade confirmations between executing and prime brokers may become a tad easier as the financial messaging and network industry cooperative Swift plans to introduce support for cash equities and fixed income on its Accord matching platform…
Pipeline Expands Algo Control
NEW YORK-Customers of crossing network-provider and agency brokerage Pipeline Trading now have full control over their access to the firm's suite of third-party trading algorithms, according to Pipeline officials.
EGX Nears X-stream Launch
CAIRO & STOCKHOLM-To address increasing trade volume and product diversity, the Egyptian Exchange (EGX) is in the midst of member-testing its implementation of the X-stream trading platform from Nasdaq OMX, which is set to go into production later this…
Error KOs NYSE Handhelds
NEW YORK-Floor traders on the New York Stock Exchange (NYSE) found that a server configuration error left their handheld trading devices useless during the market opening last Wednesdy, Aug. 6.
Cicada Enters Euro Low-Latency Fray
Oklahoma City-based data technology vendor Cicada is rolling out feed handlers to process data from all major European equity trading venues, and is taking space in co-location datacenters to provide a low-latency data delivery architecture for the…
SR Labs Rounds Out European Feed Coverage
New York-based low-latency data technology provider SR Labs has added support for three European exchange feeds to its SMDS market data platform for use in proximity hosting centers.
Turquoise Readies for Friday Debut
LONDON-By the end of this week, traders in Europe will have another order routing destination with the expected launch this Friday of the bank-backed multilateral trading facility (MTF) Turquoise, MTF officials tell DWT .
NZX Upgrades Clearing, Adds CCP
WELLINGTON, N.z.-The New Zealand Stock Exchange (NZX) is rolling out a new clearing and settlement system as part of a technology overhaul that includes a new core trading platform.
ClearCube Rolls Out Virtual Infrastructure
AUSTIN, TEXAS-To round out its virtualization strategy, PC-blade vendor ClearCube Technology is set to launch its bundled virtual desktop infrastructure (VDI) offering this week.
The Case for Consolidated Market Feeds
In this age of low-latency direct feeds, consolidated market feeds such as the CTS, CQS and Opra are viewed more as necessary evils than sexy must-haves. Yet not only do these feeds remain basic essentials for firms to gain a consolidated view of an…
A New Paradigm for Data Strategies
With capital markets facing a stream of new data that is growing in complexity, density and speed by the day, outsourcing underlying technology is one option for firms designing data strategies that encompass a broad spectrum of requirements. By Sinan…
Shanghai Wind Unveils Economic Database
China-focused data vendor Shanghai Wind Information has rolled out a new bilingual database of macro-economic data covering major industry sectors in China, as part of a push to attract more international data consumers.
TMX Makes Final Quantum Leap
TORONTO-TMX Group, operator of the Toronto Stock Exchange (TSX) and the Montréal Exchange (MX), is now trading solely on its new platform, Quantum, say exchange officials.
Bursa Malaysia Takes DMA Live
KUALA LUMPUR-Bursa Malaysia has implemented its second direct market access (DMA) gateway for its derivatives market, but is experiencing delays in migrating cash equities onto a new platform, say exchange officials.
Nyfix to Release 'Integrated' Ioinet
NEW YORK-Global crossing network provider Nyfix hopes to release within the next six months the integrated version of the Ioinet platform, which Nyfix acquired when it purchased indications of interest (IoIs) network provider Fixcity earlier this year,…
Omgeo to Expand CTM to Derivatives, FX
NEW YORK-Post-trade utility Omgeo plans to offer support for exchange-listed derivatives and foreign exchange (FX) trades on its automated settlement platform Central Trade Manager (CTM) by mid-2009, Omgeo officials tell DWT .
Thomson Reuters Averts IM Shutdown
Thomson Reuters last week migrated its instant messaging service to a new compliance engine from Global Relay, a Vancouver, BC-based provider of email archiving and compliance software, in time to prevent having to shut down Reuters Messaging after…
SunGard Eyes Europe with GL Buy
NEW YORK-At press time, SunGard officials announced the vendor's intention to acquire controlling interest in Paris-headquartered rival GL Trade for about €400.7 million ($623.9 million), a move observers say bolsters SunGard's global footprint.