Trading Tech
Panel Voices MiFID Fragmentation Concerns
Fragmentation of data sources as a result of the European Union's Markets in Financial Instruments Directive is a key concern for data managers, according to industry experts.
FIX Protocol Makes Gains in FX
LONDON-The FIX messaging protocol is gaining ground in the foreign exchange (FX) market, according to panelists who spoke at an event held by the FIX Protocol Ltd. (FPL) late last week.
BGC Partners Taps GFI Exec for E-Commerce Head
NEW YORK-Hybrid voice and electronic interdealer broker BGC Partners has named Clive England to the newly created position of director of the North American e-commerce unit, brokerage officials tell DWT .
Swift Readies Next Phase of Derivatives Pilot
NEW YORK-Industry messaging cooperative Swift expects to launch a pilot for XML-based messaging standards for reconciling derivative trades in the first half of 2008, DWT has learned.
Panel: Exchanges Must Evolve or Die
LONDON-European exchanges will need to adapt in order to stay ahead of competition that will arise in the new fragmented market after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect on Nov. 1, according to participants of the…
UNX Opens Trading Service Bureau
NEW YORK-Agency brokerage UNX announced today, Oct. 15, that is now offering its suite of execution and algorithmic trading offerings as a service bureau, DWT has learned.
Fixnetix Offers Pan-Euro Low Latency
UK-based low-latency feed vendor Fixnetix is rolling out a low-latency data service using proximity hosting data centers and the highest available bandwidth connections for access to the three major European markets-the London Stock Exchange, Euronext…
OptionMetrics Adds Europe Data
New York-based options data vendor OptionMetrics has added expanded exchange coverage and enhanced proprietary models for calculating dividends to its product for European historical equity and index option prices, and implied volatility data.
CQG Bolsters TradeFlow Tools
Denver, Colo.-based data and analytics vendor CQG is in the process of migrating clients to the latest release of its charting software, which includes new studies for using other traders' activity to identify and predict price trends.
Essex Radez Rolls Out Hosted Historical Ticks
Market maker and trading technology provider Essex Radez will this week launch a new historical data product that provides hosted access to historical tick data going back to August 2006.
UBS Launches Structured Products Trading Platform
NEW YORK-Global investment banking giant UBS went into production with its Web-based structured products trading platform, SI Trader, late last week, UBS officials tell DWT .
Panel: FX E-Trading Flourishing in Asia
SINGAPORE-Growth in the foreign exchange (FX) market in Asia is leading to major operational changes in the way both buy-side and sell-side institutions do business, according to Justyn Trenner, CEO of market research firm ClientKnowledge. Summing up a…
Nymex, MX Ready New Canadian Bourse
NEW YORK-The Alberta-based Canadian Resources Exchange (Carex), a joint venture between the New York Mercantile Exchange (Nymex) and the Montréal Exchange (MX), is set to launch in the first quarter of 2008, although it might hit some regulatory snags…
Expert: Sell Side Leads in Mifid Readiness
LONDON-Sell-side firms are in a better position than their buy-side counterparts when it comes to the Markets in Financial Instruments Directive's (Mifid's) best-execution requirement, concludes a white paper by the Best Execution Subject Group of the…
FPL Preps Algo Schema Launch
LONDON-The new FIX Algorithmic Trading Definition Language (FIXATDL) is set to launch in the first quarter of 2008, FIX Protocol Ltd. (FPL) officials tell DWT .
Fimat to Develop Margining Module
NEW YORK-Global brokerage Fimat Group will be looking to develop new technology to create a convertible bonds portfolio margining module to be available in the first quarter of next year, brokerage officials tell DWT .
OMX Readies New Feed, Content
Nordic exchange operator and technology provider OMX will launch a low-latency market depth feed of Nordic equity data in November, and will add new content sets to its existing Targin datafeed later this month, officials tell Inside Market Data .
Nasdaq's New Toy
Ever since the Nasdaq Stock Market announced the purchases it made at the Boston Stock Exchange's (BSE's) estate sale the last week, one thing that puzzles many in the industry is what Nasdaq will do with its new clearing license.
Limas Rolls Out Tullett Prebon FX Data
Jakarta, Indonesia-based data vendor Limas Centric Indonesia last week unveiled plans to add foreign exchange data from interdealer broker Tullett Prebon's data arm to its Limas StockWatch Desktop terminal and Web-based StockWatch Retail product, as well…
MiFID's New World Order
As the Nov. 1 MiFID deadline draws near, it is becoming clear that it will take much more time and work to clarify what the new rules mean, and how investors, managers and brokers will behave in the post-MiFID world order. By Bill Haney, European…
Swift Ratchets Up Aggressiveness
BOSTON-The annual Sibos user conference kicked off last week as Swift chairman Yawar Shah and new CEO Lázaro Campos engaged the audience with Swift's new aggressive strategy to win increased market share and improve product and service offerings.