Trading Tech
Making Global Warming Pay
The nice thing about capitalism is that no matter what happens, for better or worse, there is always a way to make a buck, or a quid, off it.
Toronto Stock Exchange Readies ATX
TORONTO—The Toronto Stock Exchange (TSX) plans to roll out its Alternative Trade eXecution (ATX) trading platform by the end of August, say officials from TSX Group, operator of the exchange.
Chi-X Gains Industry Support
LONDON—Instinet alternative trading system (ATS) Chi-X is gaining traction in the European markets as more clients demand datafeeds from the pan-European multilateral trading facility (MTF), say vendor officials.
FIX Protocol Goes Algo
LONDON—FIX Protocol Ltd. (FPL) officials announced last week that the organization's new FIX Algorithmic Trading Definition Language (FIXATDL) has entered its beta-testing phase and should be released later this year.
City of London Prepared for Potential Deluge
LONDON—As the U.K. experiences its worst flooding in 60 years, financial firms in the City of London and Canary Wharf aren't in harm's way, but they say they are prepared for the possibility of a flood.
Paying for Mifid
Call me a cynic, but is there any firm in the industry that doesn't expect to write a large check to regulators once the Markets in Financial Instruments Directive (Mifid) goes into effect on Nov. 1?
TSX Signs Aussie Deal for Index Analysis Software
Bond Index Systems, a new Australian company being set up by Melbourne-based Australian Indices and Kevin Lamont, a former fixed-income risk manager at the Bank of Nova Scotia, is preparing to roll out the Toronto Stock Exchange's PC Bond index analysis…
Knight Preps FX for EMS
JERSEY CITY, N.J.—Market-maker Knight Capital Group plans to integrate foreign exchange (FX) trading capabilities into the next release of its Knight Direct EMS platform, due out in September, say brokerage officials.
Mercari Taps IPC for Network
SYDNEY—Mercari, Australia's first specialist electronic interbank over-the-counter (OTC) interest rate derivative brokering company, announced last week that it has gone live on an IP data network from communications vendor IPC, which includes hosted…
CNCB Rolls Out BT to Trading Floor
BEIJING—China CITIC Bank Corp. (CNCB) officials announced last week that the bank has deployed BT's converged trading communications solutions for its main trading floor in Beijing.
Beneficiary-Driven Solutions
Business transformation is akin to making a silk purse from a sow's ear— long pursued, but elusive. The trite "it is about people, not technology" masks a hard reality. To reap the potentially rich harvest envisioned by major business shifts demands a…
Paper: Industry Expects Mifid Fines
LONDON—Approximately 95 percent of surveyed firms affected by the E.U.'s Markets in Financial Instruments Directive (Mifid) expect to pay fines for non-compliance in the first quarter of 2008, according to recently published white paper.
RSJ: Liffe Algo Will Down System
PRAGUE & LONDON—Czech specialist brokerage RSJ Invest, one of the largest traders of interest-rate futures on the Liffe futures exchange, claims to have found inconsistencies in the exchange's new trade matching algorithm, Time Pro Rata. The algorithm…
Markit Transforms Emails to Quote Feeds
UK-based data and pricing vendor Markit last week unveiled Markit Quotes, a real-time parsing service that extracts dealer quotes and prices from emails sent by broker-dealers to their clients and reformats the information into real-time data.
MTS Enlists Fixnetix for Low-Latency Data
European fixed-income market operator MTS is to begin providing trading firms with low-latency access to its market data via a partnership with UK-based vendor Fixnetix, officials tell Inside Market Data .
BATS Slashes Bandwidth with FAST Feed
BATS Trading, the Kansas City, Mo.-based ECN-turned-exchange hopeful, has rolled out a version of its PITCH depth of book datafeed that utilizes the FAST (FIX Adapted for Streaming data) protocol to provide clients with a low-bandwidth feed option to…
Paper: Expand Cross-Asset OMS Support
NEW YORK—Trading systems that support cross-asset trading are no longer an option, but a necessity, concludes a recent white paper issued by consultancy Tabb Group.
Expert Hails Algo Trading
NEW YORK—The rise of algorithmic trading has significantly improved the health of the foreign exchange (FX) market, according to a keynote address at the FX Week USA congress last week.
Algorithms Gain Traction in FX
NEW YORK—Wider adoption of algorithmic trading within the foreign exchange (FX) markets is all but inevitable, according to panelists who spoke during last week's FX Week USA conference hosted by sibling publication FX Week .
On Point Debuts Options Sweep
NEW YORK—Agency brokerage On Point Executions plans to roll out its new smart order routing and liquidity matching engine for equities options, dubbed Sting, today, July 16, DWT has learned.
CME, CBOT Plan Common Platform for 2008
CHICAGO—After respective shareholders approved the acquisition of the Chicago Board of Trade (CBOT) by the Chicago Mercantile Exchange (CME) last week, CME officials say they expect to complete the technology integration by the first half of 2008, DWT…