Trading Tech
Blue Systems Readies Low-Cost Data
Blue Systems, a London-based provider of trading software and services, will launch a new suite of low-cost market data display software before the end of this year, targeted at non-institutional data consumers.
Orange Business Services Expands China Presence
BEIJING & SHANGHAI-Orange Business Services has acquired the trading activities sector of its Chinese exclusive distributor, Dataway, DWT has learned.
UNX Launches Component-based Algorithms
NEW YORK-Agency brokerage UNX has released five new trading algorithms today, Nov. 26, officials tell DWT .
The Coming Datacenter Dearth
There's a saying among students of military history: Good generals think in terms of strategies, but great generals think in terms of logistics. This axiom can be easily applied to any IT department, especially when it comes to planning datacenters.
Thanksgiving and Turkeys
Thanksgiving, the quintessential American holiday, stems from the first harvest gathered by British pilgrim settlers after being taught how to hunt and grow native crops in the New World by Native Americans. As the story goes, having survived their first…
29West Adds Network Monitoring Features
Low-latency messaging middleware provider 29West will this week unveil a new software component for monitoring the performance of computers and applications consuming or contributing data to the vendor's messaging systems.
Hedge Funds Sign for IDC Hosting
Interactive Data's Real-Time Services division has signed up three hedge fund clients for its DirectPlus hosted direct feeds service, and is in the final stages of agreeing a deal with a fourth, officials tell Inside Market Data .
InfoDyne Enlists RTI for Messaging Boost
Ticker plant and feed handler vendor InfoDyne is upgrading the multicast data distribution capabilities of its TPS+Plus ticker plant by integrating software from Santa Clara, Calif.-based low-latency messaging infrastructure provider Real-Time…
Liquidnet Sets Up Shop in Pacific Rim
HONG KONG-New York-headquartered crossing network provider Liquidnet is going live in four Asian markets this week-Hong Kong, Japan, Singapore and South Korea.
Citi White-Labels Saxo Platform
NEW YORK-Global banking giant Citi will white-label Saxo Bank's foreign exchange (FX) trading platform as Citi FX Pro for smaller institutions, officials from both banks have announced.
Knight Makes Algo Buy with EdgeTrade
JERSEY CITY, N.J.-Getting some holiday shopping done early, broker-dealer Knight Capital Group is acquiring agency broker EdgeTrade to fill out Knight's current electronic trading capabilities, according to Knight officials.
NYSE Euronext to Consolidate Datacenters
NEW YORK-Exchange operator NYSE Euronext is in the early planning phase of consolidating its existing datacenters located on the east coast of the U.S. Datacenters located outside the region will be unaffected by the plan, officials say.
RTS Plans New Year's Tech Revamp
MOSCOW-The Russian Trading System (RTS) Stock Exchange plans numerous technology upgrades beginning in the first quarter of 2008, DWT has learned.
GL Trade Adds Turkish Hub
ISTANBUL-In an effort to expand its global connectivity network, trading software and services provider GL Trade has started operating its newly developed connectivity hub in Istanbul, officials announced today, Nov. 19.
Achtung, Baby!
Retired Formula 1 racing champ Michael Schumacher returned to a Ferrari for testing duties last week, and promptly put his younger rivals in the shade. However, Schumi is the exception to the rule: in the market data industry, older inevitably means…
Activ Enlists BT for Pan-Asia Data Hubs
Activ Financial is building a pan-Asia network of ticker plants for delivering direct and locally-consolidated exchange datafeeds, using connectivity and datacenter hosting solutions from network and hosting services provider BT Global Financial Services.
StreamBase, Reuters Ally for Faster Development
Event processing software vendor StreamBase last week unveiled a bundled package of services tailored for use with Reuters' RMDS data platform, to enable developers to more easily create applications that utilize data from firms' RMDS installations.
Wall Street Source Apps AIM to Cut Time, Costs
Wall Street Source, a New York-based provider of news aggregation and instant messaging technology, has launched a new Web site for distributing multiple messages at once via AOL instant messaging, to reduce the time taken by sell-side sales traders to…
Hybrid Trading Still Rules in Fixed Income
NEW YORK-Although there is a constant growing need to make fixed-income trading more efficient and cost-effective, the likelihood of the market turning completely electronic is highly unlikely, according to a recent panel of industry experts.
TradeWeb, Omgeo Form STP Alliance
NEW YORK-Electronic fixed-income-trading network Thomson TradeWeb and post-trade, pre-settlement utility Omgeo plan to improve the straight-through processing (STP) of fixed-income instruments through a strategic alliance, officials from both firms…
Bloomberg, Swift to Offer FX STP
NEW YORK-To address the schism that exists between the front, middle and back offices in processing foreign exchange (FX) trades, Bloomberg is teaming up with industry messaging cooperative Swift, DWT has learned.
Merrill Lynch Upgrades Trading Floor Communications
NEW YORK-As part of a multi-year program to standardize its trading floor communications infrastructure, Merrill Lynch will deploy approximately 4,000 IQ/Max trading turrets and related software and services from IPC over the next several quarters, say…