Trading Tech
Vhayu Melds Real-time, Historical Data
California-based tick processing software vendor Vhayu will this week announce version 2.0 of its Velocity Order Book Analyzer, which combines real-time and historical market data analysis and storage capabilities for building and recreating current or…
Activ Expands Asia-Pacific Direct Feeds
Low-latency data and technology vendor Activ Financial is increasing its line-up of data from Asia-Pacific exchanges, in response to demand for low-latency data from trading firms in the region.
Study: Firms Not Ready to Compete in Mifid
LONDON—Financial firms have spent 20 to 25 percent less than initial estimates on preparation for the E.U.’s Markets in Financial Instruments Directive (Mifid), concludes research by IT services provider Atos Origin.
Downtime Costs Firms Over $10K per Hour
LONDON—When an internally developed system fails, U.K. banks and financial firms can expect to pay over $10,000 per hour for the downtime, according to a study published by IT market research firm Vanson Bourne and sponsored by business service…
Bourse, Bank JV to Launch SmartPool MTF
LONDON—NYSE Euronext, along with French bank BNP Paribas and London-headquartered HSBC, have entered into a joint venture to launch a multilateral trading facility (MTF), dubbed Project SmartPool, sometime in the second quarter of 2008, say officials.
FutureTrade Links to Emerging Markets
NEW YORK—Clients of electronic agency brokerage FutureTrade should be able to access the Asian and Latin American markets within weeks, brokerage officials tell DWT .
Wall Street Passes Pandemic Test
NEW YORK—The U.S. securities industry’s emergency preparedness has paid off, according to preliminary results of a three-week influenza pandemic test sponsored jointly by U.S. regulators and financial firms.
Portware Adds FX Support
NEW YORK—Portware users trading equities, futures and options soon will be able to trade foreign exchange (FX) as the execution management system (EMS) provider prepares for a platform upgrade targeted for January 2008, DWT has learned.
MTFs: Dark Pools On the Rise
On the eve of the E.U.’s Markets in Financial Instruments Directive (Mifid) taking effect and permanently altering how the European markets operate, DWT has gathered opinions from leading multilateral trading facilities (MTFs) on what a post-Mifid world…
Connotate, Serena, Xignite Prep Mashup Portals
Three vendors of technologies for creating “mashups”—applications created by combining different Web services—aimed at financial services firms are rolling out new portals for pulling together data services and building tools on the fly without needing…
Quant House Plans Asia Network
French low-latency data vendor Quant House is planning to expand its proprietary fiber-optic network into Asia next year, to support datafeed collection from more exchange data sources in the region.
GL Preps for LSE ‘Performance Channels’ as ASP Demand Spikes
French data and trading technology vendor GL Trade will sign up to connect to Performance Channels, the new 100-megabit low-latency data service being launched next year by the London Stock Exchange.
LiquidityHub Launches Pricing Platform
LiquidityHub, an electronic platform formed by a consortium of 16 banks for facilitating price discovery for fixed-income instruments, will go live with its first phase of operations today, Monday Oct. 22, providing market data on euro-denominated…
LSE Manages Latency with Corvil
LONDON-The London Stock Exchange announced today, Oct. 22, that it has adopted the network latency monitoring platform from networking tool vendor Corvil to minimize latency on the LSE's TradElect trading platform, vendor officials tell DWT .
LiquidityHub Goes Live
LONDON-After numerous delays, the bank consortium-backed fixed-income pricing aggregator LiquidityHub has gone live today, Oct. 22, DWT has learned.
LIM Debuts XMIM Options Tester
Chicago-based derivatives data vendor Logical Information Machines will this week release XMIM Options Tester, a tool for back-testing the performance of equity and futures options strategies using historical end-of-day bid-and-ask price data to create…
Preparing the ICE Storm
In the past year, the IntercontinentalExchange (ICE) has acquired the Winnipeg Commodities Exchange (WCE), opened its own European clearinghouse and has been growing like a snowball rolling down hill.
STP Through the Front Door?
This spring, at an industry event, I learned of a new C-level title-the chief optimization officer. I didn't get to meet the person, but one of his colleagues told me that his role is to make sure that every trading system within the investment bank…
Mapping Market and Reference Data
Whenever I return from New York to London-for example, for our European Financial Information Summit-I realize there's a certain something that I miss about the old country. Maybe it's the rolling countryside, cream teas and postal strikes. Maybe it's…
Feeds, Terminals in Evolution Race
Standalone data terminals must evolve if they are to continue to have value for traders in the face of growing usage of direct datafeeds to power algorithmic trading and pricing applications, according to participants on a panel dubbed "Is the terminal…
EquityFeed Preps Screening Tools
Montreal-based micro-cap data vendor EquityFeed is planning to add an industry sector data analysis tool and an earnings calendar to its products as part of a software upgrade scheduled for Nov. 1, officials tell Inside Market Data .
CodeStreet Plans Open-Source Scenario Library
New York-based financial software provider CodeStreet plans to develop an open-source library to make it easier for business users to develop and test applications by running market data scenarios using its Market Data Works testing suite, which the…