Trading Tech
Safe Harbour for start-ups
Harbour Capital Partners, a recently launched London-based hedge fund hotel, became the first such UK-based operation boasting FSA regulatory approval. Victor Anderson speaks with Steve Williams, Harbour's chief executive, about what he believes makes…
SWX Europe joins dark pool fray
SWX Europe, the London-based stock exchange owned by SWX Swiss Exchange and formerly known as virt-x, this month launches Europe's first exchange-owned non-displayed liquidity pool.
OMS vendors look to smaller, international managers for future growth
With North American and Western European buy-side markets at their saturation points, a new TowerGroup report anticipates a slower rate of growth for the buy-side OMS market. The future of OMS vendors' growth prospects, says the report, lies with small-…
The back-office battleground
The intensely competitive and lucrative land-grab traditionally associated with the front office has slowly shifted towards the back office. Nowhere is this more prevalent than in the portfolio accounting, investor reporting, and in some cases, OTC…
Weeden Adopts FlexTrade's FlexOMS
NEW YORK-To handle its 162 percent trade volume increase since 2006, institutional brokerage Weeden & Co. has deployed FlexTrade Systems' new FlexOMS platform in the broker's middle and back office, sources tell DWT .
Interactive Data, GGY Integrate Valuation Tools
GGY, a Toronto-based provider of pricing, valuation and modeling software for insurance companies, has integrated cash flow calculations from Interactive Data Fixed Income Analytics' BondEdge product into its Axis actuarial modeling system, to speed up…
EPFR Develops Web Portal For Fund Flows Data
EPFR Global, a Cambridge, MA-based provider of fund flows and asset allocations data, has begun testing a new, Web-based interface with a handful of early-adopter clients, that will give users easy access to the vendor's data without the need to deploy a…
Julius Preps Credit Derivative Analysis Tool
Julius Finance, a New York-based provider of data and software for credit derivative modeling, is developing a new data product to help clients evaluate default risk in portfolios of credit default swaps, and to value collateralized debt obligations.
Fixnetix Targets European MTFs
UK-based low-latency market data and connectivity provider Fixnetix will provide connectivity to all new European multilateral trading facilities (MTFs) scheduled to launch this fall, officials say.
CME Group Preps Brazilian Link
CHICAGO-CME Group, operator of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), is on track with its strategic technology partnership with Brazilian Mercantile and Futures (BM&F), according to exchange officials.
Aqua Eyes Europe
NEW YORK-Alternative trading system (ATS) Aqua is in the process of creating a U.K. entity to broaden its reach to the European markets and to develop a multilateral trading facility (MTF), according to the ATS' leadership.
Wall Street Aces 'Delayed Opening' Test
NEW YORK-In the event of a local or small-scale disaster resulting in a delayed opening, Wall Street firms would be able to respond quickly, according to the results of a recent post-business continuity test survey. Nearly two-thirds of those who…
Appro to Upgrade Cluster Engine
MILPITAS, CALIF.-Enterprise server maker Appro will roll out the second version of its cluster management offering in the latter half of this year, vendor officials tell DWT.
TSE Update Halts Trading
TOKYO-Due to a malfunction in the Tokyo Stock Exchange's (TSE's) derivatives trading platform, traders were unable to execute order for half the day on July 22.
NYSE Euronext Takes TradeEngine to Floor
NEW YORK-Exchange operator and technology provider NYSE Euronext has signed a partnership agreement with quantitative financial software provider Pragma Financial Systems to provide New York Stock Exchange (NYSE) floor traders with a suite of trading…
Knight Readies New London Floor
LONDON-In an effort to grow its European operations, broker-dealer Knight Capital Group is in the process of building out a new trading floor in London, DWT has learned.