Trading Tech
IP Trade to Add Video
NEW YORK-Traders using turrets from IP-based trading communications platform provider IP Trade will soon be able to hold video conferences on the trading floor.
LSE, Lehman Brothers Go Dark
LONDON-The London Stock Exchange (LSE) and Lehman Brothers have entered the dark liquidity fray as the exchange and investment bank have partnered to develop a new multilateral trading facility (MTF) for non-displayed orders.
Customization Key to Algo Growth
LONDON-When it comes to trading algorithms, off-the-rack solutions aren't cutting it in the competitive market as more buy-side clients demand bespoke solutions, say industry insiders.
DSM Turns to NYSE Euronext for Tech
NEW YORK & DOHA, QATAR-In a significant, yet somewhat expected, move into the Arab Emirates, NYSE Euronext has purchased a 25 percent stake in the Doha Securities Market (DSM).
Nordic Firms to Launch MTF
STOCKHOLM-Competition in the Nordic markets is heating up as a consortium of Scandinavian banks announced the formation of a new multilateral trading facility (MTF) that plans to dethrone Nasdaq OMX as the dominant market in the region.
SunGard Upgrades Front Arena
LONDON-Software and services vendor SunGard plans to debut the latest version of its Front Arena trading platform, DWT has learned.
Pivot Gains Weather Support
NEW YORK-Straight through processing (STP) of weather derivative trades is a step closer to reality as secure instant messaging provider Pivot launched the Instant Market module for its Pivot 360° platform today, June 30.
eSignal Expands Weather Data, Corrections, Performance
The eSignal active trader workstation division of Interactive Data will this week release Version 10.1 of its flagship eSignal product, with new content additions and enhancements that improve the speed and throughput of the system, officials tell Inside…
Nasdaq Expands Market Replay Tool
Nasdaq OMX will next month unveil version 2.0 of its Market Replay tool for analyzing historical data by replaying quoting activity, with the addition of trade data and activity on other markets.
Kx Retires 32-bit Kdb+ Software
Tick database and complex event processing software vendor Kx Systems is retiring support for a 32-bit version of its Kdb+ tick database in response to rising market data volumes that are forcing clients to migrate to 64-bit technologies with greater in…
FPL Eyes Exotic Options in SP2
NEW YORK-Exotic options traders can expect to see a little added connectivity support as FIX Protocol Ltd. (FPL) plans to release its second service pack for FIX 5.0 in early 2009, officials tell DWT .
LSE to Double TradElect Capacity
LONDON-The London Stock Exchange (LSE) is set to double the messaging capacity of its TradElect platform to 10,000 messages per second by September and to 20,000 messages per second in October, say exchange officials.
ITG Aims for a Global Triton
NEW YORK-Agency brokerage and crossing network provider Investment Technology Group (ITG) plans to deliver a global version of its Triton execution management system (EMS) sometime in the second half of this year, DWT has learned.
IDX Preps for X-stream Launch
JAKARTA-The Indonesia Stock Exchange (IDX) is set to have a new X-stream multi-product trading system from exchange operator and technology provider Nasdaq OMX in production by Dec. 1, IDX officials tell DWT .
Sales Traders Here to Stay
NEW YORK & LONDON-Although the use of sales traders across European markets will continue to decline, the belief that the European sales trader is no longer in wide use is unfounded, according to recently published Tabb Group research.
GT Software to Launch Ivory Update
ATLANTA-Service-oriented architecture (SOA) software developer GT Software plans to release version 4.0 of its SOA development environment for mainframes, Ivory Service Architect, later this week.
SocGen Debuts European SOR
LONDON-Société Générale Corporate & Investment Banking (SocGen CIB) has gone live with order management system (OMS) and market data provider Fidessa's smart order routing technology in Europe, officials announced today, June 23.
NYSE Euronext Set for Specialist Change
NEW YORK-In preparation for a potential rule change by the U.S. Securities and Exchange Commission (SEC) that will transform New York Stock Exchange (NYSE) floor specialists into designated market-makers (DMMs), NYSE plans to roll out a new trading…
BT Readies 'Shared' Ultra-Proximity Data
BT Global Financial Services is preparing to launch a new addition to its Radianz suite of network and hosting services, dubbed Radianz Ultra Shared, that combines elements of the vendor's existing low-latency exchange connectivity and proximity hosting…
Where Do Old Acronyms Go to Die?
It's remarkable what you find when you start packing up to move offices. I recently uncovered a cache of old articles circa 2003 heralding the triumphant return of straight-through processing (STP) after the implosion of the Global Straight Trough…
Boston Options Exchange Readies Blackbox Changes
NEW YORK-Operators of the Boston Options Exchange (BOX) plan to entice more black-box and algorithmic traders to the options exchange by increasing its trade messaging performance three- to four-fold by December, say exchange officials.
Blocks Opens Platform to Client Data
Durham, NC-based stock market analysis software vendor Worden Brothers plans to open up its Blocks visualization tool later this year, to enable clients to incorporate their own proprietary or internal datasets into Blocks' analytics, officials tell…