Trading Tech
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…
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.