Trading Tech
FPL: FIX 5.0 Gains in FX Support
BOSTON—Although version 5.0 of the FIX protocol fully supports outright forwards and swaps for foreign-exchange (FX) trades, support for allocations and confirmation for over-the-counter (OTC) spot options remains minimal, according to findings in a…
NYSE, Nasdaq Prep New Crossing Sessions
NEW YORK—As part of a complete technology revamp, NYSE Euronext plans to launch a point-in-time crossing solution, dubbed MatchPoint, in July, pending approval by the U.S. Securities and Exchange Commission (SEC), DWT has learned.
And Then There Were Two
Shock news! Last week, after secret negotiations, two parties unveiled a massive deal that took the market by surprise. One of our most respected figures is taking on a new role to help steer a struggling team to a revival. Yes, Roger Clemens is…
Panel: EP to Marry More Analytics
Sophisticated analytics are likely to become ever-more tightly integrated with event processing engines as firms begin using them for more complex strategies in less liquid asset classes, according to a panel organized by Aite Group last week.
New York Exchanges Stumble
NEW YORK—The two largest U.S. stock exchanges experienced technical glitches late last week that led to quoting issues and delayed trade confirmations, DWT has learned.
JWG-IT: Firms Must Start Mifid Tests
LONDON—It is critical that firms get their testing strategies and plans for the Markets in Financial Instruments Directive (Mifid) together early, as the longer they wait, the more costly it will be downstream, say industry participants and…
RSJ Invest Taps BT Radianz Proximity
PRAGUE—Czech specialist brokerage RSJ Invest is utilizing the BT Radianz Proximity Solution to enable low-latency direct market access (DMA) from its Prague headquarters to exchanges in London, say firm officials.
Panel: New Markets Eye Event Processing Tech
NEW YORK—Event processing (EP) technology—typically employed in high-frequency equities and derivatives markets—is now being adopted more by less commoditized markets such as fixed income and foreign exchange (FX), according to a panel discussion…
BNY ConvergEx Preps TCA Offering
NEW YORK—Agency brokerage BNY ConvergEx Group announced last week that it plans to release its pre-trade, intra-day and post-trade analysis tool, dubbed Perform-Ex, on June 1 to fill out its suite of liquidity management offerings, company officials say.
Tehran Exchange to Debut New Systems
TEHRAN—As part of a plan to introduce financial- and commodity-based derivative trading, the Tehran Stock Exchange (TSE) is in process of implementing new pre-trade, trade and post-trade systems from exchange platform provider Atos Euronext Market…
Vendors Await 'Yes' Decision
LONDON—Project Yes, an initiative devised by a consortium of continental European banks to rival post-trade reporting utility Project Boat, is expected to name vendor partners that will provide data and technology support for its planned services by the…
How Fast Is Fast Enough?
While in London last week, I found myself in conversations about execution latency almost every day. Besides smart order routing and defining best execution, it seems to be the most popular topic in the City.
Users: Keep It Simple, Vendors
Market data managers want their data suppliers to go back to basics and provide service that is flexible, consistent, and where there is trust on both sides of the relationship, according to the opening user panel at Inside Market Data's North American…
Reuters, Bloomberg Take IMD Spoils
Reuters and Bloomberg were the big winners at last week's Inside Market Data Awards, taking home seven awards between them.
QuoteMedia Looks Beyond Retail with Quotestream II
QuoteMedia, a provider of market data, news and charts primarily to retail banking and investment groups, is completing the rollout of new exchange data and capabilities to the latest version of its Quotestream product, which the vendor hopes will allow…
.X Marks the Spot
With just six months until MiFID takes effect, Stephen Wilson, global head of exchange-traded instruments at Reuters, outlines the data challenges facing the industry as a result of the new regulations.
Fixnetix to Offer Wombat-Enabled Eurex Feed
UK-based low-latency data vendor Fixnetix is rolling out a version of Eurex's CEF Ultra feed via its iX Direct hosted feed delivery service, tailored for use in client installations of Wombat Financial Software's data platform.
Shielding the Market Data Explosion
User firms are increasingly examining sophisticated technologies to address capacity problems by filtering out "noise" from datafeeds to focus only on the most useful data.
Credit Suisse Lightens Data Load
NEW YORK—Global investment bank Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution and improve system up-time, say bank officials.
DWT London Tackles Industry Pain Points
LONDON—As growing regulations force change on the global financial markets, they haven't stifled innovation, say participants who spoke at the DWT 2007 conference and exhibition held last week in London at the Hilton Tower Bridge.
Panel: Automated OTC Derivatives Processing Grows
LONDON—The financial services industry has seen a dramatic improvement in automating the processing of over-the-counter (OTC) derivatives, according to a poll taken last week during a panel at the DWT 2007 conference and exhibition in London.
Grid Adoption Gains Traction, Say Experts
LONDON—Global top-tier banks are not the only firms interested in grid computing, according to a panel discussion on the topic held at last week's DWT 2007 conference in London.