Trading Tech
Eurex Readies High-Frequency Trading Interface
FRANKFURT-Eurex traders can expect faster and more streamlined access to the European futures exchange on April 14, with the planned launch of Eurex Transaction Services (ETS), which targets high-frequency trading, according to bourse officials.
Datacenter Spending Needs Revamping
NEW YORK-The industry is facing an invisible crisis due to rapidly increasing infrastructure costs for new datacenters, concludes a recently published survey by datacenter think tank Uptime Institute.
Thomas Weisel Deploys Pivot
SAN FRANCISCO-Investment banking firm Thomas Weisel Partners is in the midst of a global and enterprise-wide rollout of the Pivot 360° secure instant messaging platform, vendor officials announced today, March 31.
Korea Gains First ATS
SEOUL-Agency broker and alternative trading system (ATS) operator Instinet and Korean investment bank Samsung Securities Co. announced the creation of an anonymous securities crossing network, dubbed KoreaCross, today, March 31.
Cisco Preps Latency Management Offering
NEW YORK-Networking equipment and management provider Cisco Systems' financial services group is working to develop industry-wide solutions to mitigate latency for financial services, DWT has learned.
FIXATDL Set for Q2 Debut
LONDON-Deploying new trading algorithms and orders types should get easier this year as messaging standards body FIX Protocol Ltd. (FPL) expects to launch its FIX Algorithmic Trading Definition Language (FIXATDL) by the end of the second quarter, FPL…
SunGard STN Lands in U.K.
LONDON-SunGard Transaction Network's (STN's) trading and connectivity offerings are now available in the U.K., coinciding with STN's recent operational approval by the U.K.'s Financial Services Authority (FSA), vendor officials announced today, March 24.
If Content Is Still King...
... then why do we keep hearing that it's "commoditized," or that it's "noise"? If it's so valuable, why are market forces and industry initiatives seemingly aiming to make so much of it freely available? And if content is the priority, how come we hear…
Xignite Expands On-Demand Data Content
Web services data vendor Xignite is increasing the breadth of content available on-demand via its online distribution platform, which developers can use to create Web mashups and applications on the fly without needing to write hard coding and interface…
ODL Capital Deploys Fixcity's Ioinet
LONDON-Institutional brokerage ODL Capital (ODLC) has gone live with Fixcity's indication-of-interest (IoI) distribution platform Ioinet, say vendor officials.
NYSE Euronext, ADSM Ink Pact
NEW YORK & ABU DHABI-In a move to further expand its global presence, NYSE Euronext has signed a cooperation agreement with the Abu Dhabi Securities Market (ADSM), officials tell DWT .
CME Acquires Nymex
CHICAGO & NEW YORK-After extending exclusive acquisition talks, Chicago Mercantile Exchange operator CME Group has announced its purchase of the New York Mercantile Exchange (Nymex) for $9.4 billion in cash and stock.
HKEx Preps Remote Participation
HONG KONG-The Hong Kong Exchanges and Clearing (HKEx) is in discussions with telecommunications giant BT's Global Financial Services division to distribute market data and possibly trading capabilities via the vendor's RadianzNet financial intranet,…
Saxo Jumps on the Bus
Trading front end updates, architecture redesigns and a message bus deployment are just a few of the projects that are keeping Saxo Bank executive director and co-CIO Flemming Skov busy this year. DWT editor Rob Daly sits down with Skov to see what else…
Opra Delays FAST Switchover
The Options Price Reporting Authority has delayed the date for clients to complete their migration to the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol, to give subscribers additional time for testing with the new format.
STAC: 10GE Rivals InfiniBand
Tests conducted by the Securities Technology Analysis Center show high throughput and low latency for the Reuters Market Data System, when using 10-gigabit Ethernet switches and network cards from networking technology provider Teak Technologies.
Quant House Grows US Feeds, Ops
French low-latency data provider Quant House is planning to add to the range of US markets accessible via its feed handlers and QuantFeed low-latency feed, and to bolster its US presence with a Chicago office, officials tell Inside Market Data .
Edgar Online Adds Ratios, Plans White-Label Tools
Filings and company data provider Edgar Online has increased the number of ratios, for assessing companies' risk and identifying trends from figures in financial statements, within its I-Metrix product suite for viewing and filtering financial statement…
Sybase Integrates CEP Vendor Tools
Database vendor Sybase is preparing to launch a new technology platform targeted at addressing different data speed and throughput requirements of trading desks for different data types, such as streaming data, historic data and trade messages, within…
Sybase Gears Up for Hybrid Offering
NEW YORK-Database vendor Sybase plans to release a new platform offering targeting the trading desk's need for streaming, transaction and historic data, officials say.
FX Lags in TCA Adoption
NEW YORK-Transaction cost analysis (TCA) will take a back seat in 2008, as markets focus on challenges in credit, liquidity and balance sheets, say senior bankers in London.
ITG Rolls Out Netting Service
NEW YORK-Agency brokerage and crossing network provider ITG has recently added a new trade-ticket netting service, dubbed Single Ticket Clearing, to its ITG Net order routing network, according to firm officials.