Trading Tech
Risk Management Hampers International DMA
WASHINGTON, D.C.-Pre-trade risk analysis and management concerns about international direct market access (DMA) fall partially on the traders, according to members of the U.S. Commodity Futures Trading Commission (CFTC).
Swift Vies for Wider SwiftNet
NEW YORK-Banking cooperative Swift is working to make connectivity more efficient for its users by striking relationships with other industry bodies in order to access products and services from the other firms via the SwiftNet infrastructure, say…
Glitch Delays JSE Open
JOHANNESBURG-A networking issue forced South African stock exchange JSE Limited to delay the opening of its equities market Monday, July 14 by approximately six hours. Trading resumed at 3:10 p.m. local time with trading hours extended to 7 p.m., say…
Savvis Offers ISE Depth Feed
Network and hosting provider Savvis will provide connectivity to the International Securities Exchange's market depth datafeed at the end of July, in response to client demand for more low-latency access to options exchanges, officials say.
Applications: New Latency Culprits
LONDON-Investment banks wanting to wring the last milliseconds of latency out of their trade processes need to look to optimize their application software stack rather than their networks, according to new research recently published by networking…
TT Eyes Additional Hub in Asia
NEW YORK-Futures trading platform and exchange connectivity provider Trading Technologies International (TT) is looking to open its seventh global hub in Hong Kong, vendor officials tell DWT .
RTS Readies New FIX Gateway
MOSCOW-The Russian Trading System Stock Exchange (RTS) plans to implement a FIX gateway, which uses version 4.4 of the messaging protocol, and have it in production by the end of August, DWT has learned.
Smart Trade Goes Dark
NEW YORK-In a defensive move, cross-asset liquidity management system (LMS) provider Smart Trade Technologies will soon have a dark pool as an option for its European customers when routing orders, DWT has learned.
Newsflows Now a Necessity
LONDON-According to a recent white paper commissioned by Thomson Reuters on the role of news feeds in algorithmic trading, 65 percent of those surveyed say they could increase trading profits through automatic trading on news and 75 percent say it was…
ISE Updates SOR Engine
NEW YORK-In an effort to gain more control over its technology, the International Securities Exchange (ISE) has rolled out its own order routing system for its options exchange.
NSX Suffers FIX Outage
CHICAGO-A glitch in one of the 10 FIX engines at the National Stock Exchange (NSX) caused a disruption in connectivity last Tuesday.
Algos: The Next Generation
With the dramatic growth in available processing power and advancements in complex event processing (CEP) technology to handle expanded real-time inputs, trading algorithms are on the verge of the next evolutionary quantum leap. DWT has gathered a panel…
Power, Latency Still Top CPU Priorities
LONDON-Reducing energy consumption as well as latency are key requirements from sell-side firms when it comes to processors, according to an industry insider.
Equiduct Eyes September Launch
LONDON-Aiming for a soft launch by the end of September, multilateral trading facility (MTF) Börse Berlin Equiduct Trading officials are now in the process of onboarding members and fine tuning the technology, officials tell DWT .
Portfolio Trading Dominates Algo Growth
Most Wall Street players tend to leave divining the future to mediums with basement storefront dens, but most agree that in the next five years the use of trading algorithms will be going nowhere but up.
Front-Office Quant Spending to Increase
BOSTON-Traders in the front office need to make room for quantitative analysts, as the role of the model-generators has shifted in the past several years, according to a recent report on alpha-generation platforms from research firm Aite Group.
Passports, Please
Every time I land at London Heathrow Airport, there are two things I know I'm not going to enjoy. First is schlepping a week's worth of luggage and a laptop bag through that underground corridor from Terminal 3 to the Heathrow tube stop on the Piccadilly…
Xeno Survey Questions Data Quality
Nearly 80 percent of market data professionals consider market data quality a serious issue that requires them to spend significant time checking and validating data rather than on projects that deliver competitive advantage, according to the results of…
Edgar Online: Redefining Data
Philip Moyer, former entrepreneur and general manager of global customers and professional services at Microsoft, joined Edgar Online last April as president, becoming chief executive in July. Inside Market Data recently quizzed Moyer on his plans for…
Market Data Sourcing Challenges for Alpha-Seekers
With markets becoming fragmented and more competitive, the way that firms source market data is becoming a key component in the search for competitive advantage. By John Panzica, general manager of global financial markets at Reliance Globalcom
Algos to Solve FX Fragmentation
NEW YORK-Systematic and algorithmic trading could be implemented to combat the liquidity fragmentation in the electronic foreign exchange (FX) space, according to an industry insider.