Trading Tech
Playing in Harmony
Everyone in the industry can all but agree that the days of the single-asset-trading exchange has gone the way of the open-outcry trading pit both have become quaint curiosities in the Internet age.
Orc Plans Low-Latency Europe, Asia Market Data Connectivity
Swedish trading technology vendor Orc Software is planning to set up co-location facilities at exchanges in Europe and Asia, to provide low-latency market data to clients of the vendor's hosted Orc Liquidator algorithmic trading engine.
Perfect Info Adds Indexing Tool for Sub-Prime Exposure
UK-based data vendor Perfect Information has launched a new indexing category within its Perfect Debt archive of fixed-income prospectuses and pricing supplements to help users search for collateralized debt obligations (CDOs) and collateralized loan…
Reports Predict Costly Volume Rises
Market data volumes could increase by 900 percent over the next five years, largely driven by Reg NMS and the European Union's Markets in Financial Instruments Directive, with spend on data technology set to rise to $2.4 billion by 2009, according to…
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