Trading Tech
Credit Suisse Expands FX Algos
LONDON-Swiss investment bank Credit Suisse plans to expand its trading algorithm offering in the near future, according to bank officials.
Illiquidity Dampens Institutional Options Trade
NEW YORK-Despite the introduction of automated trading tools like smart order routers and trading algorithms, buy-side traders are still demanding more liquidity in listed equity options before expanding further into the growing market.
Industry Unfazed by BlackBerry Outage
WATERLOO, ONTARIO-For the second time in 10 months, BlackBerry users experienced a partial service outage as Internet service was disrupted during the afternoon of Feb. 11.
SLA Dearth Holds Back SOAs
NEW YORK-The lack of service level agreements (SLAs) is keeping financial services firms from realizing the full potential of service-oriented architecture (SOA), say industry insiders.
Icap Opens EBS to ISVs
LONDON-Interdealer broker Icap is expanding access to electronic spot foreign exchange (FX) broking platform EBS by allowing selected independent third-party software vendors (ISVs) to write directly to its platform.
SunGard Preps First Infinity Client
NEW YORK-Financial services platform provider SunGard is on the cusp of signing its first deal with a large unnamed investment bank for its Infinity Process Platform, vendor officials tell DWT .
Bombay Stock Exchange Upgrades Platform
Mumbai-The operators of the Bombay Stock Exchange (BSE) are in the midst of deploying the Click XT trading and clearing platform from Nordic exchange operator and technology provider OMX, according to vendor officials.
Cross-Asset Platforms Not a Done Deal
LONDON-Although true cross-asset trading from a single platform is an industry desire, widespread adoption is still a long way off, agree buy- and sell-side experts.
Ionic Info Upgrades Alpha Terminal
UK-based data vendor Ionic Information has enhanced a number of features and added new content to the latest version of its Alpha terminal product, which was released last month.
RDF Direct adds Asian Exchanges
Reuters has expanded its low-latency Reuters Data Feed Direct service with data from several Asian exchanges, most recently the Tokyo Stock Exchange, officials tell Inside Market Data .
Fuller Enlists Fixnetix Data for New Smart Routing Service
Former Equiduct chief executive Bob Fuller is setting up a new company to provide hosted smart order-routing services for firms that collect low-latency market data from multiple trading venues.
ISE to Phase Out OMX
NEW YORK-The International Securities Exchange (ISE) plans to move from its current OMX Click platform to an options trading system to be developed internally, in conjunction with Eurex, exchange officials say.
On the Road to Derivatives Automation
Whether it's the tightened spreads in the listed derivatives markets or manual nature of the over-the-counter (OTC) derivatives markets, investment banks are looking to automate their derivatives desks. Dealing with Technology sits down with Jesper…
OMX Plans 2009 Genium Debut
STOCKHOLM-OMX, technology provider and the operator of the Nordic Exchange, expects to deploy its next-generation trading platform, Genium, during the second quarter of 2009, OMX officials tell DWT .
Swapstream Signs 33 Clients
Multilateral electronic trading platform for interest rate swaps (IRSes) Swapstream has 33 buy-side participants committed to the vendor's Early Adopter Program (EAP) for Chicago Mercantile Exchange (CME) Swaps on Swapstream, according to a company…
Taking Advantage of New Market Opportunities in Algorithmic Trading
Electronic options market making has always been automated, at least on some level.
Industry Hazy on Project Rainbow
Seven investment banks have put the major derivatives exchanges on notice with their recent announcement that they plan to launch a multilateral trading facility (MTF) for financial derivatives, dubbed Project Rainbow, according to media reports.
London Metal Exchange Launches Online Hedging Tool
The London Metal Exchange (LME) has recently launched its own online steel hedging simulator, say officials. The interactive hedging tool is designed to help anyone interested in managing steel price risk to better understand the process of hedging, and…
The Changing Path of Derivatives Trading
Around the world, derivatives trading desks are changing. It doesn't matter if they are trading listed instruments, such as options or warrants, or the fat-margined over-the-counter (OTC) one-off contracts. Automation is making these instruments far more…
Exchange Alliances Set to Grow
KINGSTON, JAMAICA-Traders on the Jamaica Stock Exchange (JSE), Barbados Stock Exchange (BSE) as well as the Trinidad and Tobago Stock Exchange (TTSE) soon will have direct market access (DMA) to each venue via a new exchange alliance set to go live in…
Exchange Axis Preps Smart Routing ASP
LONDON-Industry startup Exchange Axis plans to provide hosted smart order routing for firms looking to aggregate data from and intelligently route orders to multiple trading venues, DWT has learned.
Common Technology Drives Derivatives Success for UBS
After a major technology overhaul that began four yeas ago, UBS Investment Bank is reaping the rewards by rolling out common technology across its various trading desks. So far, the listed equities derivatives desk has been the highest-profile…