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US Senator Charles Grassley and German Chancellor Angela Merkel make unlikely partners in commiseration. But both politicians face dim prospects in their attempts to assert more control over hedge funds, which seems to reflect a general lack of interest…
Multi-asset class trading systems...still a pipe dream?
Paul Miller and Jonathan Hammond discuss the current shortcomings of multi-asset class trading systems initiatives, and propose a new approach to this growing conundrum which involves meaningful collaboration between technology producers and consumers
The Third Time’s the Charm
With much fanfare earlier this year, the New York Stock Exchange and Euronext finalized their merger into NYSE Euronext. Several weeks later, Eurex announced its acquisition of the International Securities Exchange (ISE). And late last week, corks were…
New LIM Releases Simplify Queries, Fix Java Bug
Logical Information Machines, a Chicago-based provider of financial, energy and commodities data, last week released the latest version of its XMIM analytical software that simplifies the way that users construct queries to run on market data.
Latency Top Priority, but Firms Cool on Proximity Hosting
Latency remains a priority to support trading strategies such as high-frequency statistical arbitrage, though firms are examining a variety of options to achieve optimal performance, according to a panel organized by Reuters in London last week.
BEA Announces CEP, Real-Time Platform
Enterprise software vendor BEA Systems will this week announce the upcoming launch of WebLogic Event Server and the release of version 2.0 of its WebLogic Real-Time platform this summer, which will improve the ability of Java-coded applications to handle…
Turquoise Reveals Plans for Hybrid Model
LONDON—Markets in Financial Instruments Directive (Mifid)-inspired multilateral trading facility (MTF) Project Turquoise will offer a hybrid trading model—incorporating both displayed and non-displayed liquidity—once the bank-led consortium goes live…
BEA Leaps Into Complex Event Processing
NEW YORK—To address Java’s shortcomings in complex event processing (CEP) environments, BEA Systems announced today the planned summer launch of its WebLogic Event Server (WLES) and version 2.0 of its WebLogic Real-Time (WLRT) platform.
FIX City to Launch Fixed-Income IOI
LONDON—Officials from FIX City, a provider of software for FIX-based indications of interest (IOI) announced last week plans to launch a multi-asset support for the vendor’s IOI platform Ioinet this summer.
Nasdaq Makes Tech Buy with OMX
NEW YORK—The Nasdaq Stock Market plans to acquire exchange operator and technology provider OMX Group in a deal valued at SEK25.1 billion ($3.7 billion) and re-brand the new entity Nasdaq OMX Group, officials from both exchanges announced on Friday.
CIB Taps Etrali for Shanghai Trading Floor
SHANGHAI—As part of a new dealing room deployment, China Industrial Bank (CIB) plans to roll out 70 Mach 3D turrets from Orange Business Services (OBS)–Trading Solutions, née Etrali, in early June, a vendor official tells DWT.
Panel: Derivatives Automation Wanting but Needed
LONDON—Although the derivatives industry has seen an upsurge in post-trade automation, it’s not enough to meet the current demand, say industry participants who spoke last week during a panel discussion on the topic hosted by GL Trade.
Panel: Latency Measurements Need Help
LONDON—Although cutting message latency remains a top priority for most firms, the industry still needs to address standard measurements and performance optimization in order to conqueror it, say exchange, market data and network provider officials
STAC: Multi-Core Suns Tame Opera
Using a technology stack comprising the latest multi-core Sun Microsystems hardware and operating systems could enable firms to handle anticipated data traffic rises for the Options Price Reporting Authority's data feed while also reducing their hardware…
Townsend, Zacks Combine Wares
Trading software and data vendor Townsend Analytics is integrating its RealTick front end with the research content and analytical capabilities of Zacks Investment Research in a bid to create a more comprehensive product to compete with services from…
Conquering Latency
As firms continue to wrest every millisecond of latency out of their trading systems, DWT editor Rob Daly sat down with research firm Securities Technology Analysis Center (STAC) director Peter Lankford to discuss the industry's approach to latency…
JPMorgan Rolls Out FinIQ
SINGAPORE—JPMorgan is in the midst of rolling out a structured deposit pricing and processing system from options-linked structured deposits solution vendor FinIQ for the bank's foreign exchange (FX) business, say bank officials.
Intel Opens Low-Latency Lab
LONDON—Intel has opened a low-latency laboratory that will help financial institutions fine tune their trading systems, vendor officials tell DWT .
Chi-X Plans for European Cross-Market Routing
LONDON—Chi-X, Instinet's Mifid-prompted multilateral trading facility (MTF), is planning to introduce U.S.-style onward routing to other exchanges and trading venues, officials tell sibling publication Inside Market Data .
Caplin Debuts Web-Based Trading Platform
LONDON—Market data management and real-time Web connectivity provider Caplin Systems released its Web-based trading application for foreign exchange (FX) and fixed income, dubbed Caplin Trader, today, vendor officials tell DWT .
Stuff Happens
Back in my college days, I took a job as a file clerk at a global tier-one bank. Working in the bowels of an office tower in downtown Buffalo, N.Y., I noticed that on my manager's desk was a vanity bumper sticker that read: "T.W.H.I.P." I asked him what…