Trading Tech
LiquidityHub Launches Pricing Platform
LiquidityHub, an electronic platform formed by a consortium of 16 banks for facilitating price discovery for fixed-income instruments, will go live with its first phase of operations today, Monday Oct. 22, providing market data on euro-denominated…
LSE Manages Latency with Corvil
LONDON-The London Stock Exchange announced today, Oct. 22, that it has adopted the network latency monitoring platform from networking tool vendor Corvil to minimize latency on the LSE's TradElect trading platform, vendor officials tell DWT .
LiquidityHub Goes Live
LONDON-After numerous delays, the bank consortium-backed fixed-income pricing aggregator LiquidityHub has gone live today, Oct. 22, DWT has learned.
LIM Debuts XMIM Options Tester
Chicago-based derivatives data vendor Logical Information Machines will this week release XMIM Options Tester, a tool for back-testing the performance of equity and futures options strategies using historical end-of-day bid-and-ask price data to create…
Preparing the ICE Storm
In the past year, the IntercontinentalExchange (ICE) has acquired the Winnipeg Commodities Exchange (WCE), opened its own European clearinghouse and has been growing like a snowball rolling down hill.
STP Through the Front Door?
This spring, at an industry event, I learned of a new C-level title-the chief optimization officer. I didn't get to meet the person, but one of his colleagues told me that his role is to make sure that every trading system within the investment bank…
Mapping Market and Reference Data
Whenever I return from New York to London-for example, for our European Financial Information Summit-I realize there's a certain something that I miss about the old country. Maybe it's the rolling countryside, cream teas and postal strikes. Maybe it's…
Feeds, Terminals in Evolution Race
Standalone data terminals must evolve if they are to continue to have value for traders in the face of growing usage of direct datafeeds to power algorithmic trading and pricing applications, according to participants on a panel dubbed "Is the terminal…
EquityFeed Preps Screening Tools
Montreal-based micro-cap data vendor EquityFeed is planning to add an industry sector data analysis tool and an earnings calendar to its products as part of a software upgrade scheduled for Nov. 1, officials tell Inside Market Data .
CodeStreet Plans Open-Source Scenario Library
New York-based financial software provider CodeStreet plans to develop an open-source library to make it easier for business users to develop and test applications by running market data scenarios using its Market Data Works testing suite, which the…
Panel Voices MiFID Fragmentation Concerns
Fragmentation of data sources as a result of the European Union's Markets in Financial Instruments Directive is a key concern for data managers, according to industry experts.
FIX Protocol Makes Gains in FX
LONDON-The FIX messaging protocol is gaining ground in the foreign exchange (FX) market, according to panelists who spoke at an event held by the FIX Protocol Ltd. (FPL) late last week.
BGC Partners Taps GFI Exec for E-Commerce Head
NEW YORK-Hybrid voice and electronic interdealer broker BGC Partners has named Clive England to the newly created position of director of the North American e-commerce unit, brokerage officials tell DWT .
Swift Readies Next Phase of Derivatives Pilot
NEW YORK-Industry messaging cooperative Swift expects to launch a pilot for XML-based messaging standards for reconciling derivative trades in the first half of 2008, DWT has learned.
Panel: Exchanges Must Evolve or Die
LONDON-European exchanges will need to adapt in order to stay ahead of competition that will arise in the new fragmented market after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect on Nov. 1, according to participants of the…
UNX Opens Trading Service Bureau
NEW YORK-Agency brokerage UNX announced today, Oct. 15, that is now offering its suite of execution and algorithmic trading offerings as a service bureau, DWT has learned.
Fixnetix Offers Pan-Euro Low Latency
UK-based low-latency feed vendor Fixnetix is rolling out a low-latency data service using proximity hosting data centers and the highest available bandwidth connections for access to the three major European markets-the London Stock Exchange, Euronext…
OptionMetrics Adds Europe Data
New York-based options data vendor OptionMetrics has added expanded exchange coverage and enhanced proprietary models for calculating dividends to its product for European historical equity and index option prices, and implied volatility data.
CQG Bolsters TradeFlow Tools
Denver, Colo.-based data and analytics vendor CQG is in the process of migrating clients to the latest release of its charting software, which includes new studies for using other traders' activity to identify and predict price trends.
Essex Radez Rolls Out Hosted Historical Ticks
Market maker and trading technology provider Essex Radez will this week launch a new historical data product that provides hosted access to historical tick data going back to August 2006.
UBS Launches Structured Products Trading Platform
NEW YORK-Global investment banking giant UBS went into production with its Web-based structured products trading platform, SI Trader, late last week, UBS officials tell DWT .