Trading Tech
Calyon Financial, CQG Provide Asian Connectivity
CHICAGO-Global brokerage firm Calyon Financial and analytics trading platform and market data provider CQG are partnering to provide trading access to nine Asian futures exchanges, officials announced.
Cinnober Launches SI Platform
STOCKHOLM-An unnamed global investment bank plans to deploy the TradExpress trading engine from trading platform provider Cinnober Financial Technology to handle its systematic internalized trades, vendor officials tell DWT .
UBS Goes Live with Options DMA
NEW YORK-Global banking giant UBS has expanded its direct market access (DMA) offerings to its institutional clients with its recent rollout of the bank's DMA for Options Trading service, say bank officials.
Panel: FX Algos No Longer Just for the Large Players
LONDON-Gaining an edge on foreign exchange (FX) execution via trading algorithms is no longer solely the domain of the largest FX dealers, say several industry experts.
FX Must Put Mifid House in Order
LONDON-The vast majority of the members of the foreign exchange (FX) market are still unaware of the Markets in Financial Instruments Directive's (Mifid's) impact on their business, says Chris Pickles, London-based chair of the Mifid Joint Working Group.
Intel Debuts Penryn Family of Processors
NEW YORK-To help investment banks improve processing performance while maintaining the same level of electrical consumption, Intel is releasing its Xeon Processor 5400 series, dubbed Penryn, with 45 nanometer technology, today, Nov. 12, vendor officials…
Data Consumers Still Struggle with Volumes
Rising market data volumes-resulting from new execution venues created in response to the Markets in Financial Instruments Directive and firms turning to emerging and niche markets to drive growth in higher margin businesses-continues to be the key…
SuperD Adds Inflation Products to Pricing Platform
Derivatives data and pricing software vendor SuperDerivatives is adding support for inflation-linked securities and derivatives to its SD-IR interest rate derivatives pricing module in response to client demand for data to hedge inflation risk in fixed…
Bringing Transparency to European Bonds-Part 2
A year ago, there were already suggestions that the trade reporting requirements of the Markets in Financial Instruments Directive-which came into force on Nov. 1-could extend beyond equity markets. Niteen Sharma, then compliance manager at bond trading…
Crunching Credit Data's Hot Issues
The credit markets have taken a battering in recent months. However, there is renewed interest in fixed-income and associated credit instruments-from investors, dealers and regulators (which are monitoring rating agencies and also weighing mandatory…
Fidessa Plans 2008 Enhancements
Data and trading software vendor Fidessa will roll out improved capabilities to its US ticker plant to handle multicast exchange feeds, options data, and improved analytics.
OILspace to Add LME Data
Web-based energy data and analytics provider OILspace will next month roll out quote and trade data for metals and plastics contracts traded on the London Metal Exchange to its OILwatch data portal.
Specialization Takes Command
Electronic trading is getting more difficult. There are just too many new technologies and strategies to choose from, with algorithms everywhere-hundreds of them-at every stage of the investment and trading process. The number of venues has also exploded…
CIOs: IT Budgets Not Feeling the Credit Blues
LONDON-Although some investment banks are writing down the worst earnings in their histories due to the meltdown in the credit markets, many banks' IT organizations aren't feeling the budgetary pain, according to a number of bank CIOs.
CLSA Upgrades Trading Platform
HONG KONG-To keep up with growing trade and messaging volume due to algorithmic trading, broker Credit Lyonnais Securities Asia (CLSA) is in the process of deploying the next generation of its trading platform, FMS, say broker officials.
Icap Debuts Low-Latency Connectivity
LONDON-Fixed-income and foreign-exchange (FX) traders in North America have a new option to connect to inter-dealer broker Icap's BrokerTec and EBS platforms: a new low-latency connectivity service, dubbed i-Cross, say officials.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
HSBC to Add Multi-Leg Support to Fierce
LONDON-Developers at HSBC are busily working on adding support for multi-legged trades to the bank's internally developed asset-agnostic trading platform, bank officials tell DWT .
Weeden Preps LMS Launch
NEW YORK—Agency brokerage Weeden & Co. plans a soft launch of its OnePipe liquidity management system (LMS) in a matter of weeks, say brokerage officials.
LIM Enables Spreadsheet Sharing
Chicago-based derivatives and energy data provider Logical Information Machines will this week announce a partnership with Team and Concepts, a Hong Kong-based provider of online spreadsheet technologies, to enable users in multiple locations to use the…
Exchange Consolidation: Act II
It is safe to say that global exchange consolidation has entered its second act, as tier-one bourses have begun acquiring secondary exchanges and trading venues.
Panel: Collaborate on Data Sourcing
Collaborative, knowledge-sharing relationships between vendors and clients are the most effective and reliable methods for obtaining data, according to a panel on best practices for data sourcing.