Trading Tech
Opra Mandates FAST Migration
The Options Price Reporting Authority will switch off its existing ASCII-format datafeed and distribute consolidated US options data using only the FAST (FIX Adapted for Streaming data) protocol as of Jan. 28 next year, to provide additional bandwidth to…
UBS Rolls Out Algo Strategy for Commodities
LONDON—UBS Investment Bank has launched its UBS Commodities Portfolio Algorithmic Strategy System (Comm-Pass), a portfolio-based algorithmic strategy that exploits momentum in the commodity markets to generate returns through automated long and short…
Nasdaq Preps 144A Trading Portal
NEW YORK—After receiving approval from the U.S. Securities and Exchange Commission (SEC), the Nasdaq Stock Market announced last week plans to launch a new online negotiating and trading venue for Rule 144A securities, dubbed Portal, on Aug. 15, say…
Paper: Japan to See IT Spending Spike
TOKYO—Japan's economic recovery is spurring renewed IT investment in the country's securities industry, with firms expected to increase their IT spending by 7.5 percent—or $2.8 billion—by the fiscal year ending March 2008, concludes a recently published…
Insinger Taps Fidessa for Derivatives
LONDON—Anglo-Dutch bank Insinger de Beaufort will be replacing its legacy third-party derivatives trading platform with a multi-asset trading system from London-based trading system vendor Fidessa, DWT has learned.
Orc Software Debuts Hosted Algorithms
NEW YORK—Swedish trading platform vendor Orc Software has launched Orc Liquidator Hosted, an exchange co-located, fully hosted algorithmic trading solution, which aids in the quick deployment of derivatives trading algorithms while providing low-latency…
NYSE Euronext Slashes Messaging Latency
NEW YORK—Over the past year, the New York Stock Exchange (NYSE) has cut average trade messaging latency in half, say NYSE Euronext officials.
Adding Up the Value-Add
Roundtable
The Race to Lay the Golden Copy Egg
By building a golden source security master, firms can realize cost savings through reductions in data management issues fuelled by improved data quality, say BusinessEdge Solutions' Rachel Haines and Jignesh Prajapati. Here, they outline the best…
R&R 2.0: Summer Getaways
COVER STORY
NASDAQ Leads the Way
WATERS RANKINGS 2007 WINNER'S CIRCLE
MiFID High Tide
REGULATION
CDSes Go Electronic
DERIVATIVES TRADING
NASDAQ Leads the Way
WATERS RANKINGS 2007 WINNER'S CIRCLE
Cisco Rocks the Infrastructure
WATERS RANKINGS 2007 WINNER'S CIRCLE
Stocks on eBay
EXCHANGES
NASDAQ Leads the Way
WATERS RANKINGS 2007 WINNER'S CIRCLE
Summer Fun?
THE DALY CLOSE
French fund administrator rolls out Capstone Minerva
Natixis Investor Servicing (NIS), a French fund administrator and provider of middle- and back-office services to the asset management industry, has gone live with Capstone Minerva, the flagship order management system (OMS) from Fidessa LatentZero.
Corporate firefighters – Joel Clark looks at enterprise data management initiatives on the buy side and concludes that firms’ approaches to managing data is more reactive than proactive due to spiralling costs and debilitating time frames.
As buy-side firms trade increasingly complex instruments and new regulations demand stronger evidence of best execution, it seems a natural time to streamline the processes governing the management of data across the organisation. But as Joel Clark…