Trading Tech
Nyfix Acquires Fixcity
NEW YORK & LONDON-Global crossing network provider Nyfix has expanded its portfolio of offerings with its recent acquisition of indications of interest (IoIs) network provider Fixcity.
Swift Plans Managed Service
NEW YORK-Attendees of the Swift Operations Forum Americas 2008 in Midtown Manhattan were given a peak at three new services that bank messaging cooperative Swift plans to launch to help members manage their Swift connections.
Citi Takes Datacenter Green
LONDON-Without investing in leading-edge green technologies, Citi has managed to achieve a 20 percent energy savings for its new datacenter serving Europe, the Middle East and Africa (EMEA), say bank officials who spoke during a recent conference on the…
Merrill Lynch's Three Steps to a Global Grid
Creating a global compute grid is not an easy task, but traders at Merrill Lynch have been benefiting from the firm's global grid for the past year as they send analytics calculations across the wide area network (WAN) on a daily basis.
One Grid to Rule Them All?
If you do a quick term search on Google for "grid to rule them all," it returns 205 pages. If you search just on the term "grid computing," it returns another 4.88 million-in English alone.
SpryWare Launches Order Book Manager
Chicago-based low-latency data and ticker plant provider SpryWare has begun rolling out to clients a new order book management product, dubbed Depth Plus, which enables firms to more cost-effectively build market display applications, officials say.
Capital IQ Integrates FirstRain Company Data
The Capital IQ division of Standard & Poor's has integrated Web-sourced content links from buy-side search technology provider FirstRain into its research platform, to provide portfolio managers and buy-side research analysts with access to key…
Challenges, Opportunities in Volume Rises
The impact of algorithmic trading and new venues created in response to the Markets in Financial Instruments Directive is expected to generate a flood of new market data across Europe, but may result in more competitive markets and adoption of newer,…
Edgar Online Mulls XBRL Tags for Funds
Company filings and data provider Edgar Online is working on a project to apply XBRL (Extensible Business Reporting Language) tags to mutual fund information, to enable investors and asset managers to more easily compare information across multiple funds…
Activ Financial Builds London Hub for UK Exchange Data
Chicago-based low-latency data and ticker plant provider Activ Financial has set up a datacenter in London to locally collect direct feeds from UK exchanges, in preparation for a broader program of sourcing European low-latency data and targeting…
Bats ECN Lands in London
NEW YORK-Bats Trading, operator of U.S.-based exchange-in-waiting Bats ECN, plans to go into production with Europe's latest multilateral trading facility (MTF) by the fourth quarter, say Bats officials.
Townsend Analytics Targets Asia
NEW YORK-Execution management system (EMS) provider Townsend Analytics plans to announce this week that it has incorporated trading algorithms and other execution services from UBS for the Asian and Canadian markets into its RealTick EMS platform, DWT…
Panel: BCP Technology Not Enough
LONDON-Those tasked with creating a firm's business continuity strategy should avoid being blinded by technology and never forget the human element, according to members of the financial services industry.
Chi-X Gains New Headquarters
LONDON-Pan-European multilateral trading facility (MTF) Chi-X has recently moved out of agency broker and alternative trading system (ATS) operator Instinet's premises to its own office in London.
Brazilian Exchanges Enter Defensive Pact
SÃO PAOLO, BRAZIL-In what can be seen as a defensive move, two Brazilian exchanges-Bovespa Holding and the Brazilian Mercantile and Futures Exchange (BM&F)-have announced their intent to merge to form the New Exchange.
U.S. Adds Seventh Options Market
NEW YORK-After a nearly 14-month wait, the Nasdaq Options Market, owned by Nasdaq OMX Group, has gone live.
Australia Preps for New Liquidity Pools
SYDNEY-Australian markets can expect to see an explosion in liquidity sources as the Australian Securities Investment Commission (ASIC) is expected to grant a number of alternative trading systems operating licenses as soon as June.
Brokers Unfazed by Exchange Algos
LONDON-As exchange operators, such as NYSE Euronext, plan to develop and deploy their own trading algorithms, few sell-side firms consider the offerings to be a competitive threat, according to industry participants.
Integration: The Key to Enterprise Data Management
Financial institutions are increasingly investing in enterprise data management solutions, writes Mario Orphanou, product manager at Odyssey Financial Technologies
EvaluatingValuation Risk
Customer demand for evaluated prices is increasing, and with the current turbulent market conditions, the trend is set to continue. The problem now is to ensure independent valuations do not result in increased risk. Carla Mangado reports on how firms…