Trading Tech
Pure Trading Upgrades FIX Gateway
TORONTO-Seeking to capture more liquidity from south of the border, Canadian alternative trading system (ATS) operator Pure Trading is in the midst of bring its FIX gateway closer to U.S. standards, and upgrading its trading engine, DWT has learned.
SGX Hits Exchange Update Milestone
SINGAPORE-Singapore Exchange (SGX) is in the process of implementing a series of new systems, several of which are from Nordic exchange operator and technology provider OMX Group, as part of a rolling five-year technology plan, say exchange officials.
A Matter of Principles
Since the E.U.'s Markets in Financial Instruments Directive (Mifid) took effect on Nov. 1, 2007, financial firms have been in a race to implement principles-based regulation in order to remain compliant and competitive.
Exegy Adds European Level 2 Data
St. Louis, MO-based vendor Exegy last week rolled out feed handlers for low- latency Level 2 data from European exchanges to its hardware ticker plant, in addition to existing handlers for European Level 1 data, and support for Level 2 data from US…
Xignite Adds Third-Party Integration
Web-based data provider Xignite last week formally launched its Splice platform for creating "mashup" data applications on the fly from different Web services without the need to hard-code dedicated applications.
Xasax Preps Direct Feed Network for Hedge Funds
Xasax, a Naples, Fla-based provider of data, proximity hosting and software, is preparing to roll out a hosted direct feed offering for North American markets, dubbed xsFeed, that will target high-frequency hedge funds and active trader users of trading…
Penson Readies Derivatives API
CHICAGO-Penson GHCO, the futures and derivatives clearing subsidiary of Penson Worldwide, will roll out a new applicaiton programming interface (API) with the ability to trade options on futures sometime in the second quarter, DWT has learned.
3Tera Adds Solaris Support
ALISO VIEJO, CALIF.-By the end of March, users of AppLogic platform, a grid operating system designed to enable utility computing for running and scaling Web applications from 3Tera, will be able to run Sun Microsystems Solaris-based applications, say…
NYSE shops in India
At press time, NYSE Euronext announced its purchase of a 5 percent equity stake in Indian commodity marketplace Multi Commodity Exchange (MCX).
Turquoise Selects AppLabs for Acceptance Testing
LONDON & PHILADELPHIA-Pan-European multilateral trading facility (MTF) Turquoise will be testing its new trading platform using offerings from software testing specialist AppLabs, say vendor officials.
Credit Suisse Expands FX Algos
LONDON-Swiss investment bank Credit Suisse plans to expand its trading algorithm offering in the near future, according to bank officials.
Illiquidity Dampens Institutional Options Trade
NEW YORK-Despite the introduction of automated trading tools like smart order routers and trading algorithms, buy-side traders are still demanding more liquidity in listed equity options before expanding further into the growing market.
Industry Unfazed by BlackBerry Outage
WATERLOO, ONTARIO-For the second time in 10 months, BlackBerry users experienced a partial service outage as Internet service was disrupted during the afternoon of Feb. 11.
SLA Dearth Holds Back SOAs
NEW YORK-The lack of service level agreements (SLAs) is keeping financial services firms from realizing the full potential of service-oriented architecture (SOA), say industry insiders.
Icap Opens EBS to ISVs
LONDON-Interdealer broker Icap is expanding access to electronic spot foreign exchange (FX) broking platform EBS by allowing selected independent third-party software vendors (ISVs) to write directly to its platform.
SunGard Preps First Infinity Client
NEW YORK-Financial services platform provider SunGard is on the cusp of signing its first deal with a large unnamed investment bank for its Infinity Process Platform, vendor officials tell DWT .
Bombay Stock Exchange Upgrades Platform
Mumbai-The operators of the Bombay Stock Exchange (BSE) are in the midst of deploying the Click XT trading and clearing platform from Nordic exchange operator and technology provider OMX, according to vendor officials.
Cross-Asset Platforms Not a Done Deal
LONDON-Although true cross-asset trading from a single platform is an industry desire, widespread adoption is still a long way off, agree buy- and sell-side experts.
Ionic Info Upgrades Alpha Terminal
UK-based data vendor Ionic Information has enhanced a number of features and added new content to the latest version of its Alpha terminal product, which was released last month.
RDF Direct adds Asian Exchanges
Reuters has expanded its low-latency Reuters Data Feed Direct service with data from several Asian exchanges, most recently the Tokyo Stock Exchange, officials tell Inside Market Data .
Fuller Enlists Fixnetix Data for New Smart Routing Service
Former Equiduct chief executive Bob Fuller is setting up a new company to provide hosted smart order-routing services for firms that collect low-latency market data from multiple trading venues.
ISE to Phase Out OMX
NEW YORK-The International Securities Exchange (ISE) plans to move from its current OMX Click platform to an options trading system to be developed internally, in conjunction with Eurex, exchange officials say.