Trading Tech
Bats Set to Enhance Sponsored Access
KANSAS CITY, MO.-Bats Global Markets is working on improvements to its sponsored access tools for its U.S.-based Bats Exchange, as well as its European multilateral trading facility (MTF) Bats Europe, according to Bats officials.
The Naked Truth
The 60-day feedback period allocated by the SEC to its proposed changes to the practice of sponsored access is almost up, and by the time this issue hits desks, ‘unfiltered’ access may be a thing of the past. But the real issue here is how brokers…
GTX Girds for Algo Trading Traffic
NEW YORK-Gain Capital, operator of the GTX foreign exchange (FX) ECN, expects to see an uptick in algorithmic trading as complex event processing (CEP) platform provider StreamBase Systems announced the availability of a GTX adapter for the vendor's CEP…
Fidessa Preps Toronto Datacenters to Meet Canada Demand
London-based market data and trading technology vendor Fidessa is in the early stages of setting up two datacenters in Toronto to meet demand for market data from its Canadian clients, and to provide a local connectivity hub for sourcing and distributing…
Exegy Taps 29West for Data Distribution
St. Louis, Mo.-based hardware ticker plant provider Exegy has integrated its ticker plant with Chicago-based 29West's LBM (Latency Busters Messaging) messaging middleware to create a combined low-latency data platform that can distribute data to…
Lowering the Bar to High-Frequency Trading
Low-latency trading infrastructure is a must for high-frequency trading, but the costs and knowledge required to optimize and maintain it have kept it out of the hands of most firms. DWT sits down with Dave Malik, director of solutions architecture in…
Lime Branches Out
The growth in high-frequency trading (HFT) is about to bear fruit for New York-based agency broker Lime Brokerage as HFT firms continue to sprout up across the industry.
Alpha ATS Set for Engine Update
TORONTO-Operators of Canadian alternative trading system (ATS) Alpha ATS plan to roll out the latest version of the TradExpress matching engine from exchange technology provider Cinnober sometime in the second half of the year, Alpha officials tell DWT .
Equinix Enlists West Highland for Co-Lo Support
Datacenter and co-location operator Equinix is to offer clients hosted within its facilities around the world a new option for remote support of their systems, provided by New York-based remote systems monitoring and support provider West Highland…
Liquidnet Canada Deploys Triton Link
TORONTO-Canadian alternative trading system (ATS) Liquidnet Canada has gone live with a link to agency broker ITG's Triton execution management system (EMS), giving Canadian traders yet another entry point to block liquidity, DWT has learned.
Fidessa Prepares New U.K. Datacenter
LONDON-Trading platform and market connectivity vendor Fidessa plans to move its U.K. operations into a new purpose-built datacenter later this year.
SunGard Expands Data Access Options
SunGard's Global Trading division has integrated market data feeds from French low- latency data vendor QuantHouse with its smart order-routing and algorithmic trading solutions, while SunGard's Fame business is releasing new capabilities to make it…
Ancerno Debuts Web-based Trade Compass
NEW YORK-Transaction cost analysis (TCA) tools and consulting services provider Ancerno is nearing its first major milestone of moving its entire TCA offerings to the Web, vendor officials announced today, March 1.
IPC Upgrades South African Footprint
NEW YORK-Trading communications platform vendor IPC Systems expects to see an upswing in electronic trading in the South African market as it nears the completion of the deployment of a new delivery mechanism for IP-based voice and message traffic,…
Totan Group Rolls Out BT ITS.Netrix
TOKYO-Japanese interdealer broker Totan Group has selected to deploy global telecom giant BT's ITS.Netrix turret platform on the firm's new trading floor, vendor officials announced today, March 1.
Safe From the Startup
Risk Technology
It's Back
After the U.S. Securities and Exchange Commission (SEC) repealed the "uptick" rule in 2007, I remember asking a CTO of one of the major market-makers at the time if we would ever see its return. I didn't realize the floodgates I was opening. He went on…
SIX Telekurs Adds IM to iD
SIX Telekurs plans to incorporate an instant messaging feature into upcoming versions of its Telekurs iD desktop data display application, to facilitate communications between different users of the product, officials tell Inside Market Data .
Second Client Tests TXC
NEW YORK-Trading Cross Connects US (TXC) has a second high-frequency trading client that began test trades last week, says a senior official.
Revised GIPS standards focus on pricing and risk management
The CFA Institute, the Virginia-based investment industry group, has rolled out a new version of its Global Investment Performance Standards (GIPS) emphasising stronger valuation and risk management practices.
Editor's Letter - This one's a goner
Naked sponsored access is as good as gone. I cannot see how there can be any other conceivable conclusion to the SEC's January 13 proposals than an immediate ban on the practice whereby non-member trading firms are granted unsupervised access to…