Trading Tech
Vendors Jump on Infini-Band-Wagon
Low-latency data rivals Reuters and Wombat Financial Software both unveiled new configuration options last week that utilize InfiniBand inter-application networking technologies from Voltaire to deliver reductions in data latency.
SIFMA Roundup: News From the Floor
With much of the discussion arising from last week's SIFMA show revolving around low latency and measuring latency, the issue threatened to drown out other news announced by vendors in different niches within the market data industry.
Activ: Cut Networking to Cut Latency
Like rivals Reuters and Wombat Financial Software ( see story, page 5 ), ticker plant and data provider Activ Financial is examining ways to reduce internal network latency. But unlike the others, Activ believes the best solution is to migrate more…
Fidessa Rolls Out DLA Service
NEW YORK—Order management system (OMS) and market data provider Fidessa announced the launch of its Fidessa Global Direct Liquidity Access offering last week.
Amex Suffers Trading Outage
NEW YORK—Traders on the American Stock Exchange (Amex) experienced an interruption in equity and exchange-traded funds (ETFs) last Thursday as the exchange halted trading in both instruments at 12:20 p.m. local time.
Borsa Italiana Fights Heating with Blade Servers
MILAN—In a drive to increase trading performance and reduce cooling costs and the amount of server real estate required, Borsa Italiana has recently adopted AMD Opteron-powered Hewlett-Packard (HP) ProLiant BL blade servers, say exchange officials.
Need for Speed Dominates Sifma 2007
NEW YORK—Attendees to last week's Securities Industry and Financial Markets Association's (Sifma's) technology management conference faced more than just a new name forthe show.
SGX to Offer Radianz Proximity
LONDON—To address the rising tide of foreign algorithmic traders, the Singapore Exchange (SGX) announced that it has adopted the Radianz Proxmity Solution from BT for the exchange's derivatives market, say SGX officials who spoke at a jointly hosted…
Panel: Industry Puts Low-Latency in Check
LONDON—The quest for ultra-low-latency execution in algorithmic trading was put in check by industry participants at the FIA/FOA International Derivatives Conference 2007, held in London last week.
Activ, Skyler Integrate with Reuters
Low-latency data provider Activ Financial has created an interface between its direct and consolidated market data feeds and the Reuters Market Data System. The Activ RMDS Gateway allows Activ to deliver its feeds directly into customers' existing RMDS…
Savvis to Host Direct Exchange Connectivity
Network and hosting provider Savvis is setting up a service that will allow trading firms to cut latency by locating the servers that run their algorithmic trading engines in its Weehawken, New Jersey data center, directly alongside the trading engines…
SIFMA Showstoppers
The annual trek around the SIFMA Technology Management conference's exhibition halls has become a pilgrimage for many. To save the wear and tear on our readers' feet, Inside Market Data presents a comprehensive list of exhibitors within our space, to…
IDC's Analytix Direct Bows in US
Interactive Data is rolling out its Analytix Direct risk analytics system to the North American market, to address data consolidation and region-specific risk factors.
Coral8 Release Anticipates CEP Uptake
At the end of June, complex event processing software vendor Coral8 will release version 5.0 of its Coral8 Engine, which features updates designed to enable early adopters of CEP technology to expand their usage across multiple applications, officials…
Orc Launches FAST Data Integration App
Swedish trading technology and market data vendor Orc Software will launch a new application, dubbed CameronFAST, to support data transfer using the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol at this week's SIFMA show.
Gissing Adds Speed, Functions To ConteX Contributions Tool
UK-based data technology vendor Gissing Software will launch the latest release of its ConteX data contribution platform at this week's SIFMA conference, with a new underlying data model to increase throughput and reduce latency, and a new scripting…
Exegy Update Boosts Performance
St. Louis-based data technology provider Exegy has released version 1.2 of its hardware-based ticker plant appliance, which can accommodate greater throughput volumes at lower latency, officials say.
Icap Upgrades
It's never a dull moment in the world of the inter-dealer community as firms integrate voice- and electronic-trading businesses in order to maintain their positions within the competitive landscape. DWT editor Rob Daly sat down with Icap's Global CIO Jay…
LSE Takes TradElect Live
LONDON—TradElect, the London Stock Exchange's (LSE's) new trading platform, has gone live today, June 18.
BNY ConvergEx Launches EMS
NEW YORK—Global agency broker BNY ConvergEx announced that it has added execution management system (EMS) functionality to version 5.7 of its Eze Castle order management system (OMS), vendor officials announced last week.
GigaSpaces Releases Middleware Platform
LONDON—Grid computing vendor GigaSpaces Technologies announced the version 6.0 release of its Space-based architecture platform under its new name, eXtreme Application Platform (XAP), during its first European user conference last week.
GS, CS See Algo Growth in Asia
HONG KONG—Although Asia has been a late joiner to the game of algorithmic trading, the region is seeing rapid adoption of the technology due to increasing buy-side demand and larger and more sophisticated trades, which in turn are spurring greater…