Trading Tech
eSpeed Completes Migration to Nasdaq OMX Data Center
eSpeed, the electronic trading platform for the US fixed-income market, acquired by the Nasdaq OMX group in April 2013, has completed its migration to the Nasdaq OMX data center in Carteret, New Jersey.
4th Story Combines Market, Fundamental Analytics, Boosts Analyst Automation
San Francisco-based data and trading software developer 4th Story has unveiled a new tool for analysts and portfolio managers that runs analytics on a combination of traditional price data and fundamental information, and which also automates time…
SMA Eyes Front-Office Traders, PMs with Social Indicators Excel Add-in
Social Market Analytics, a Naperville, Illinois-based provider of trading signals derived from analysis of social media sentiment, is rolling out a Microsoft Excel spreadsheet add-in to make its proprietary S-Factor sentiment scores more accessible by…
Pragma Launches Spot FX Trading Tools
Pragma, a New York-based algo technology specialist, has released Pragma360, a suite of spot FX trading tools. Pragma360 includes algorithms, transaction cost analysis (TCA), smart order routing, risk controls, and an EMS front end.
Former ISE Exec Soule Boards Redline
Jeff Soule, former head of market data at the International Securities Exchange, has joined Woburn, Mass.-based low-latency feed handler provider Redline Trading Solutions as vice president of business development, responsible for bringing new data…
Boutique Options Shops Ponder Exit, Improvements as Opportunities Narrow
Citing fragmented markets, IT costs, and larger market makers' increasing dominance, a panel of proprietary traders discussed what ails options firms at this year's Options Industry conference, recently held outside Austin, Texas. Though not every…
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…
Volta, Venus Offer Co-Lo with AWS
Datacenter provider Volta Data Centres and fiber network vendor Venus Business Communications have partnered to offer enhanced hybrid co-location solutions via Amazon Web Services at Volta's Great Sutton Street datacenter in London, in a move to provide…
Activ Preps PoP in TMX Co-Lo
Market data and ticker plant provider Activ Financial is building a point of presence (PoP) in Canadian exchange group TMX Group's co-location facility in Toronto, to provide traders subscribing to Activ's Canadian data services with low-latency access…
ICE Confirms Euronext IPO Details
The IntercontinentalExchange Group (ICE) has released plans for the intial public offering (IPO) of Euronext, the European exchange arm of NYSE Euronext, which the Atlanta-headquartered venue operator acquired in November 2013
Athens Exchange Selects Cinnober for Surveillance
The Athens Stock Exchange (Athex) has selected Cinnober's Scila Surveillance suite to handle a multi-asset monitoring environment.
Enyx, Options Ally for FPGA-Accelerated US Equities Data Distribution
Paris-based hardware-accelerated data capture and network technology vendor Enyx is enabling clients of infrastructure-as-a-service provider Options (formerly Options IT) to access its managed NXFeed ultra-low-latency market data distribution system via…
CFH Clearing, NetDania Partner on NetStation Data-Trading Platform
London-based prime brokerage firm CFH Clearing and NetDania Markets, the subsidiary of Danish foreign exchange data display and technology provider NetDania, have launched a new data and trading platform, dubbed NetStation, aimed at retail brokers.
Opening Cross: Market Data Meteorologists: Forecasting the Many Faces of Cloud
Over 200 years ago, British chemist and amateur meteorologist Luke Howard laid the foundations for the classification of clouds used today, which, in their various forms, can resemble anything from gauzy material shrouding the sky, to flying saucers,…
FINRA Begins Migration of Market Surveillance Apps to Amazon Cloud, Adopts Big Data Tech
US financial industry regulator FINRA is migrating all of its market surveillance platforms into the Amazon Web Services cloud, to enable the regulator to more efficiently store and process data, in a move that could deliver an annual cost saving of 40…
All About the Buy Side in London
This year's iteration of the Buy-Side Technology European Summit featured an array of London-based asset management firms, and an even greater number of topics covered. Anthony highlights some of the coverage produced by colleagues James Rundle and…
Front-Office Influence Wanes in Modern Buy-Side Firms
A hard-and-fast rule in buy-side firms used to be that the trader’s word was God, at least for middle- and back-office teams who often had to scramble to implement their requests at short notice. Given the increased focus on cost savings and efficiency,…
NAFIS 2014: Rising Volumes Present New Analytics Challenges
As market data volumes in the US continue to grow, firms are coming under increasing pressure to modernize their data infrastructures and respond quickly and cost effectively to new requirements for data analytics, according to a panel at this week's…
NAFIS 2014: Cloud's Security Concerns Continue to Outweigh Cost Savings
Firms can deliver significant cost savings by moving their data infrastructures into the cloud, but concerns over security--as well as mistrust of services providers for whom capital markets are not their primary focus--are holding back migration,…
Delegated Reporting not a Silver Bullet for the Buy Side
While delegated reporting for derivative transactions can ease some of the strain on buy-side firms, the onus is still firmly on them to ensure the accuracy of what’s being reported on their behalf, and this can be difficult to determine, senior…
IMA Publishes IBOR Standards, but Every IBOR is Unique
Just as the UK's Investment Management Association (IMA) releases the first circular on the requirements and definition of the Investment Book of Record (IBOR), panelists at the Buy-Side Technology European Summit in London on Tuesday reflected on what…
Obstacles to Modernizing Infrastructure
Other than cost, asked Imtiaz Koujagli, VP of equity research and software at Deutsche Bank Securities, what is the biggest impediment to modernizing a firm's technology infrastructure? A North American Financial Information Summit panel had a few ideas.
Liquid, ConvergEx Pen Agreement
OEMS provider Liquid and prime services division of ConvergEx have signed a joint marketing agreement wherein Liquid will be offered to ConvergEx's roster of hedge fund, family office, mutual fund, and registered advisor customers.
Altibase Looks to NFV, SDN for Data Security Uses
In-memory database provider Altibase is working to incorporate Network Functions Virtualization and Software-Defined Networking to its products to serve a range of use cases, including data security.