Trading Tech
Administrator takes SuperDerivatives for derivatives pricing
Columbus Avenue Consulting, a New York-based hedge fund administrator with $6.5 billion under administration, has deployed SuperDerivatives' SD-CD credit derivatives pricing and analytics application for more efficient valuations of its clients'…
Brian Sentance
Chief executive officer, Xenomorph Software
CRD announces EMS, enhances architecture and derivatives support
Charles River's IMS is something of a household name on the buy side, combining order management, compliance, and various analytics functions within a single, front-office platform. Now, the Burlington-MA-based vendor is preparing to enter the EMS market…
Exceeding expectations
Performance reports on the buy side are hardly worth the paper they are printed on, unless of course, they are fully GIPS-compliant. Performa is one of a select handful of vendors operating in this space, proving that, in an industry increasingly…
Credit where it's due By Stewart Eisenhart
I'm a little late to the annual game of 'Top 10 (or five) trends for the year ahead', but there's no time like the present. Now that broad indicators of how 2008 will shape up for the financial services industry and for global economies in general have…
FirstRain Analytics Highlight Trends in People Moves, Management Comments
Web research software vendor FirstRain will this week unveil a new qualitative analytics package that uses pattern detection technology to search, store and present news items and reports in a way that enables users to identify trends in executive…
The Shock in SocGen
Last week's €4.9 billion ($7.2 billion) write-down by Société Générale (SocGen) for losses incurred by junior trader Jérome Kerviel has finally dethroned former Barings Bank bad boy Nick Leeson as the poster boy for unauthorized trading.
The 'Complexity' of CEP
With the volume of financial market data growing daily, many firms are turning to largely undefined complex event processing solutions, but must still deepen their understanding of CEP to ensure these solutions can fully meet the data demands of their…
Aspen Enlists IDC for Web Hosting
Aspen Graphics has set up a new, hosted server farm within Interactive Data's point of presence in BT Global Financial Services' Nutley, New Jersey datacenter, to provide better service to clients of the vendor's Aspen on the Net (AOTN) online charting…
Activ Upgrades API Technology
Low-latency data and ticker plant vendor Activ Financial has made changes to its Application Program Interfaces (API) and Software Development Kit (SDK), which clients use to create interfaces between their applications and Activ's datafeed, to support…
TSE, OSE Bank On IT and Product Boost
LONDON-Keeping competitive in the shrinking global exchange marketplace is all about IT investments and product diversification, say senior officials from Japanese exchanges.
Triton Makes Asian Debut
HONG KONG-Agency broker-dealer and block-crossing network provider Investment Technology Group (ITG) has recently rolled out its Triton execution management system (EMS) to the Asia-Pacific regional markets.
Turquoise Picks Progress Apama for Surveillance
LONDON-Pan-European multilateral trading facility (MTF) Turquoise is preparing to roll out a real-time market surveillance platform from complex event processing (CEP) and algorithmic trading software vendor Progress Apama and U.K.-based consultancy…
NYSE Euronext, Caisse des Dépôts Launch BlueNext
PARIS-Global exchange operator NYSE Euronext and French state-owned financial institution Caisse des Dépôts have recently gone live with a new environmental exchange, dubbed BlueNext, say officials.
Newedge Preps for Yearend Integration
PARIS-Newly minted as a result of a joint venture, multi-asset brokerage Newedge plans to combine its operations into one trading system by the end of the year, say firm officials.
AFA to Add Non-U.S. Equities
NEW YORK-In part to capture more institutional business, order management system (OMS) provider Advanced Financial Applications (AFA) expects to support non-U.S. equities by the end of the first quarter, according to vendor officials.
Lehman Works to Share Grids
NEW YORK-Global investment bank Lehman Brothers is preparing to share its various production computing grids among several of its businesses with the eventual goal of merging them, firm officials tell DWT .
Merrill Debuts London Datacenter
LONDON-Merrill Lynch has recently doubled its computing capacity in Europe, the Middle East and Africa (EMEA) with the launch of a new London datacenter, DWT has learned.
Global Exchanges Withstand Market Slide
NEW YORK-Throughout two days of dramatic market volatility on Jan. 22 and 23, many global exchanges saw record setting volumes, but few report technical difficulties.
Bringing Color to European Equities
Data is expected to become a key battleground for trading market share as multilateral trading facilities emerge across Europe to shake up the equities trading market. Eli Lederman, a former managing director and head of electronic trading at Morgan…
29West Preps Desktop Messaging Layer
Low-latency messaging provider 29West is developing a new messaging product that will enable users of its high-performance Latency Busters Messaging (LBM) and Ultra Messaging for the Enterprise (UME) to use those existing backbones to serve desktop…