Trading Tech
Panels: Firms Must Cut Internal Latency
The growth of data volumes from new trading and reporting venues, and the need for ever-lower latencies for algorithmic trading, are forcing firms to re-evaluate their existing data infrastructures and consider dual tiers of technology, to eliminate…
eSignal Revamps Quote.com
eSignal, a division of Interactive Data Corp., last week released version 2.0 of its Quote.com portal for professional and individual traders, which adds new charting and portfolio tracking functions.
Wombat Fabric Puts Opra on Single Server
Wombat Financial Software's new Data Fabric middleware reduces the hardware required to process Opra's feed of US options quote and trade data to a single server, officials say.
Dresdner Kleinwort Integrates Trade Ideas
LONDON-Users of Dresdner Kleinwort's research and analytic portal can now receive trade ideas for firm officials since the bank integrated its centralized trade idea distribution platform from vendor youDevise with its proprietary Web-based research…
Q-Wixx to Offer Multi-Dealer Support
NEW YORK-Clients trading on credit derivatives platform Q-Wixx will have the option to give up their orders to multiple prime brokers in the first quarter of 2008, officials tell DWT .
Virt-x, Nyfix to Launch Swiss Dark Pool
NEW YORK & LONDON-SWX Swiss Exchange's London-based securities exchange Virt-x and crossing network provider Nyfix will deliver a non-displayed, block-trading service for Swiss blue-chip equities in mid-2008, say officials from both organizations.
CLS Goes Live with NDF Settlement Platform
LONDON-ABN Amro, Credit Suisse, Fortis, HSBC and The Royal Bank of Scotland became the first settlement banks to go live with non-deliverable forwards (NDF) settlement via CLS' new settlement platform last week.
Outsourced Grids Coming
LONDON-As compute processing becomes a commodity, investment banks are facing the economic pressure to outsource or incorporate third-party compute power within their compute grids. However, many firms are still tackling the security and data privacy…
UBS to Expand European Smart Routing
LONDON-Global broker-dealer UBS Investment Bank plans to expand its recently debuted smart order routing in Europe to other asset classes, including exchange-traded derivatives (ETDs), officials tell DWT .
Credit Suisse Adds Exotic FX Options Trading
LONDON-Credit Suisse has enabled trading in structured exotic foreign exchange (FX) options on its proprietary electronic trading platform, Merlin, with select institutional clients globally, dealer officials announced recently.
Virtualization Set to Grow
LONDON-Investment banks facing the challenges of maintaining physical servers in crowded datacenters have stopped experimenting with server virtualization and have made it a key component of their grid computing strategy, say industry insiders.
LSE, Borsa Italiana Detail New Structure
LONDON-The London Stock Exchange (LSE) and Borsa Italiana have outlined their combined organizational structure in an internal document distributed to staff last week following the completion of their merger in October ( DWT , Oct. 8), a copy of which…
On Point Migrates Networks
NEW YORK-Users of agency brokerage On Point Executions' smart order routing platform and matching engine for equities options, Sting, will have their connections migrated onto an updated version of the platform over the next few weeks, say firm officials.
Platform to Update Symphony
NEW YORK-The latest version of grid computing platform Symphony from Platform Computing will be available in pre-release form this week, DWT has learned.
Turquoise Preps Data Plans, Mulls FAST
Bank-backed European multilateral trading facility Turquoise has begun the process of determining the best means for distributing quote and trade data from its trading platform, which is scheduled to go live next year.
Toffler, We Are Here
A reader took me to task for The Daly Open column I wrote last month on Web 2.0 ( DWT , Nov. 12), arguing that mashups and social networking platforms should not be avoided-as I suggested in my editorial-but rather, should be adopted because of their…
Bad Credit? You're Fired!
We've all seen the TV ads: "Bad credit? No credit? No problem! Call 1-800-LOAN-SHARK." ... Or something like that. But could this year's credit crunch have more personal ramifications? Apparently, because at a briefing hosted by sibling Inside Reference…
S&P Upgrades Backtester
Standard & Poor's Compustat division last week rolled out version 1.5 of its Backtester quantitative analysis tool for back-testing trading and investment strategies by simulating portfolio strategies and investment conditions at specific points in time.
Tibco Cuts RV Latency
Tibco Software has slashed the latency of its Rendezvous messaging layer in response to rising message rates and increases in the number of applications that consume real-time data.
Gissing Preps ConteX 4.0 Beta Tests
UK-based data technology vendor Gissing Software has begun beta testing the latest release of its ConteX price contribution system, and is in the final stages of completing interfaces between ConteX and other systems in place at end-user firms.
Aleri Unveils Liquidity Consolidation, Analysis Tool
Chicago-based event processing software vendor Aleri will this week announce it has built a new liquidity aggregation and analysis tool designed to help users deal with the demands of trading in a fragmented marketplace by consolidating and analyzing…