Trading Tech
Are we there yet?
Are we there yet? Simon Morris and Ash Saluja, partners at CMS Cameron McKenna, look at Mifid and its various permutations for buy-side organisations from a legal perspective.
Placemark takes Pyxis for mobile sales, data functions
Placemark Investments, a Dallas and Boston-based overlay manager with $7 billion from managed account sponsors, has implemented Pyxis Mobile's mWholesaler wireless application to align its sales and data management operations. Placemark, which pro-vides…
Martin Currie live on Fidessa LatentZero Trading Network
Martin Currie, the Scotland- based investment manager with £14.1 billion under management, has become the first buy-side organisation to go live on Fidessa LatentZero's Trading Network (LTN), which provides FIX connectivity to trading counterparties over…
Time with the traders – Joel Clark and photographer Robert Aberman spend the morning with the trading team at AXA Investment Management in London.
For the small group of traders at AXA Investment Managers in London the expectation to perform is intense, but as Joel Clark discovers, the quiet times can be just as demanding as the pressure that goes with the territory. Photos by Robert Aberman
Bandwidth's silver bullet
The expectations of regulators and investors of best execution are forcing broker/dealers on both sides of the Atlantic to evaluate their connectivity and supporting infrastructure. John Panzica argues that ethernet technology has the potential to…
Thinning the herd
War isn't pretty and neither, so it seems, is running a leveraged investment strategy with significant credit exposures in the face of a precipitous mortgage market downturn. The list of hedge fund casualties continues to climb in the wake of the US sub…
Savvis Offers Direct Amex Feed
Network and hosting provider Savvis has rolled out a low-latency Ethernet connectivity service to access exchange market data and has incorporated the depth-of-book feed from Amex into the offering.
Coral8 Further Enhances Query Mechanism
California-based event processing engine provider Coral8 is enhancing its query writing interface, providing new options for receiving alerts and incorporating a new charting package in the latest release of its Coral8 Engine, officials tell Inside…
OMX, Verizon Enter Outsourcing Talks
STOCKHOLM & NEW YORK—Swedish exchange operator and technology vendor OMX Group plans to outsource its external network operations and datacenter management and has began partner discussion with U.S. telcom provider Verizon, OMX officials announced last…
SunGard to Link Brass, MicroHedge
NEW YORK—Users of SunGard's sell-side equities order management system (OMS) Brass now have the capability to trade options, routed from the vendor's options-trading product, MicroHedge from a single view, DWT has learned.
144A Trading Platforms Gain Ground
NEW YORK—With the rise of the popularity of private placements, several banks and one exchange have launched, or are in the process of launching, electronic venues to trade securities under Rule 144A of the U.S. Securities Act.
Eurex to Launch Version 10.0
FRANKFURT—Derivative exchange Eurex plans to roll out version 10.0 of its exchange system on Nov. 26, exchange officials tell DWT .
GL Trade to Debut ASP-based MEFF Link
PARIS & MADRID—Trading software and services provider GL Trade expects to add Spanish derivatives exchange Mercado Español de Futuros Financieros (MEFF) to its pan-European application service provider (ASP) platform by the end of September, DWT has…
HKEx Preps Closing Auction
HONG KONG—Hong Kong Exchanges and Clearing Limited (HKEx) is preparing to implement an end-of-day closing session for all securities, with an aim to "improve the determination of securities closing prices, facilitate trading at market close and enhance…
The Calm After the Storm?
The tornado that hit New York last week left not only a wake of felled trees, downed power lines and damaged homes, but also people stranded, late, confused, and struggling to reach their destination. What immediately became clear is that New York City's…
GL Cross-Connects to Other Networks; Closes PoPs
French data and trading technology vendor GL Trade is in the process of decommissioning redundant points of presence (PoPs), allowing the vendor to free up funds to invest in new access points in other regions, officials tell Inside Market Data .