Trading Tech
European Firms Grapple with Algo-Tagging Rules
Although the flagging and tagging of algorithms is only currently required in Germany, under the German HFT Act, it is slowly making its way into Pan-European law. Marina Daras looks at the German rule to see how the algo labeling requirement under Mifir…
Advent Unveils Plethora of Product Suite Enhancements
For the first time in 2014, Advent Software has rolled out new product enhancements for Advent Geneva, Advent Portfolio Exchange (APX), Moxy, Advent Rules Manager and Advent Revenue Center.
Traiana to Provide Pre-Trade Credit Checks to Buy-Side Firms Trading on SEFs
Traiana has added capabilities to its pre-trade credit checking hub CreditLink to enable streamlined post-trade processing for buy-side firms trading electronic credit default swaps (CDSs) and interest rate swaps.
Empirasign Bows MyData Excel Integration Web Service
Empirasign Strategies, a New York-based provider of fixed income dealer offerings and trade color, has rolled out Empirasign MyData, which allows users to upload a list of bond tickers to Empirasign's website and have the vendor return updated prices for…
BT Partners With Korean Koscom to Build Liquidiity Hub
BT has partnered with Korean financial technology provider Koscom to provide new trading opportunities on the Korea Exchange (KRX) and help attract global investors to the region.
Maitland Taps StatPro for Portfolio Analytics Tool
Maitland Fund Services has implemented StatPro Revolution, the vendor’s cloud-based portfolio analysis platform, in order to provide daily performance, risk, contribution, and attribution analysis to its clients.
Eurex to Launch FX Contracts in July
Eurex, the German exchange operated by Deutsche Boerse, has announced it will offer foreign-exchange (FX) futures and FX options on six currency pairs beginning on July 7 2014.
Sprott Asset Management Picks SS&C for Settlement Notification
California-based Sprott Asset Management has selected SS&C's Technologies' SSCNet for automated settlement notification. The global network will enable trade communication between Sprott and its broker-dealers, custodian and prime brokers.
Nasdaq Completes eSpeed Datacenter Migration
Nasdaq OMX's eSpeed US treasuries trading platform has completed its migration to Nasdaq's datacenter in Carteret, NJ, resulting in a 100 microsecond improvement in market data distribution, and a 25 percent improvement in roundtrip order-entry response…
Horizon Integrates Azul’s Zing to its Trading Platform
Front-end trading solutions provider Horizon Software has partnered with Azul Systems to integrate Zing, Azul’s Java runtime product, to its electronic trading platform in order to enhance application productivity.
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,…