Trading Tech
Atrium Adds Two Toronto PoPs
TORONTO-Global connectivity provider Atrium Network has expanded connectivity to the Canadian market with two new points of presence (PoPs) at 100 Wellington Street and 151 Front Street in Toronto's financial district, Atrium Network officials announced…
Data Veterans Engage Industry Leaders To Create a Central Counterparty for Data Management
NEW YORK - US-based data specialists are engaging C-level executives at global firms to set up the Central Counterparty for Data Management (CCDM), an initiative focused on global data standardization and cleansing in the financial services industry,…
Uncertain AII Implementation Date
To Delay Proceedings, Say Market Participants
Pushing for Change
The standardization of corporate actions at the issuer level is a vital area for the industry to address. Carla Mangado explores whether exchanges could do more and what 2010 will bring in corporate actions standardization
Utilizing Centralization
The concept of a global centralized reference data utility is not new. But some argue now could be the right, and perhaps the only time, to make it a reality. Carla Mangado asks what the next step will be, and whether there is enough clarity on the issue…
Preparing for Central Clearing
While the market is awaiting news of financial reform in the US, firms have started analyzing the potential impact of a move to central clearing of over-the-counter derivatives. The change in infrastructure would mean a growing need for automated…
The New Standards Era
With increased focus on efficiency in the financial markets, data professionals are looking for open standards and adoption of common identifiers. Tine Thoresen reports
Is Sub-Penny Pricing Just Common Cents?
This Monday, the Nasdaq Options Market and its PHLX market (the former Philadelphia Stock Exchange) will expand the pilot program of quoting options contracts in one-cent increments to a further 75 IWM and SPY option issues, joining the QQQQ options…
Interactive Data Conflates NYSE Feed
Interactive Data has begun offering a reduced-bandwidth version of the New York Stock Exchange's Level 1 equity data feed via its PlusFeed consolidated feed service, to help clients save on the costs required to source and process the data.
StatPro Readies SaaS Analytics Platform
UK-based data and analytics vendor StatPro is preparing to launch a new analytics platform, dubbed StatPro Seven, which will employ software-as-a-service (SaaS) technology to provide end-of-day portfolio pricing, performance attribution and risk…
TXC Eyes Connectivity, Asset Class Expansion
Trading Cross Connects (TXC), an incubator and provider of trading technology for high-frequency foreign exchange traders, is building a hosting center in Tokyo that will provide trading firms with low-latency access to trading and market data from FX…
Bats Prepares for Post-OSI Options Launch
KANSAS CITY, MO.-Following last's week's approval by the U.S. Securities and Exchange Commission (SEC), operators of the Bats Exchange plan to roll out options trading in 18 underlying securities beginning Feb. 26.
Pipeline Integrates Block Options
NEW YORK-Block-crossing network provider Pipeline Trading Systems has completed the integration of options trading support with its recently launched Blind Bid Options Cross (BBOX) platform, say officials.
Latency Arms Race Turns to Pre-Trade Risk
NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…
Buy-side compliance and risk functions to align more closely
Compliance and risk operations at some investment management firms appear likely to integrate more closely - or in some instances may even combine outright - over the course of 2010, according to projections by financial technology consultancy Aite Group.
Editor's Letter - The greed for speed
Speed is good. At least, when it comes to the increasingly popular phenomenon of high-frequency trading it is. Speed plays such a crucial role in this respect that if it were absent, high-frequency trading (HFT) would simply be known as... trading.
Quantifi releases Version 9.3
London-based Quantifi, a provider of analytics and risk management products to the global credit markets, has released Version 9.3 of its pricing, hedging and risk analysis platform. Quantifi says V9.3 provides more robust risk reporting, streamlined…
SunGard unveils VPM version 9.0
SunGard has released a new version of its VPM portfolio accounting platform for hedge funds. According to SunGard, VPM version 9.0 provides funds with an enterprise-level portfolio accounting application built on a service-oriented architecture for plug…