Trading Tech
Dubai Exchange Braces for Growth
DUBAI—After having to delay its first day of trading for one month due to regulatory clearing arrangements, the Dubai Mercantile Exchange (DME) is in full production.
The Mustang or the Minivan?
Let's face it: minivans just aren't sexy. Sure, they have seating for your entire extended family, cargo space the size of a small basketball court, and enough hidden stowage to get lost in, but they won't turn heads the same way as the open-top Mustang…
Chi-X, ICMA Partner for Regulatory Reporting
Chi-X last week announced a transaction reporting service that uses the International Capital Market Association's Trax2 reporting system. The service is already in the final stages of testing with one firm, and is expected to go live by the end of June.
Skyler Enlists Tervela to Cut Latency
Skyler Technologies, a Walnut Creek, Calif.-based provider of order book aggregation and trading software, will this week announce an agreement with hardware-based messaging technology vendor Tervela, to reduce system latency by combining their feed…
FirstRain Adds Global Info
Research software provider FirstRain will this week unveil a new release of its FirstRain Financial application for asset managers that includes data on global markets as well as just US equities, officials tell Inside Market Data . The new version will…
Vendors Win B-Pipe Status; B-POD Still Under Wraps
Wombat Financial Software will this week announce that its feed handler to support Bloomberg's B-Pipe broadcast datafeed has been awarded platinum status by the vendor, making it the third software provider in six days to achieve the certification.
Data Volumes Prompt SFTI Upgrade
NYSE Euronext is putting the finishing touches to a major upgrade to SFTI (the Secure Financial Transaction Infrastructure), its industry-mandated network for market data distribution and order routing, to cope with increased data traffic and…
Chi-X Targets FAST Feed by Year-End
Chi-X, the MiFID-inspired alternative trading system set up by broker Instinet, plans to introduce a new datafeed based on FAST (FIX Adapted for Streaming data) compression algorithms by the end of this year, officials say.
Detica Signs Kx to Support FSA's Sabre II
UK-based technology consultancy Detica is using Kx Systems' kdb+ database to store and query multiple terabytes of real-time and historic data as the basis of the Sabre II market monitoring system that Detica is building for UK regulator the Financial…
Pivot Debuts Collaboration Platform
NEW YORK—Secure instant messaging (IM) solutions provider Pivot Solutions plans to debut its inter-enterprise collaboration platform, dubbed Pivot 360, at next week's Securities Industry and Financial Markets Association (Sifma) technology management…
Market Proliferation: A Paradox of Choice?
Unprecedented growth in the number and variety of trading venues will challenge even the bravest market participants.
Panel: Europe Lagging in Mifid Preparedness
COMO, ITALY—With under five months left until it comes into force, the E.U.'s Markets in Financial Instruments Directive (Mifid) still represents a challenge for most of the financial industry and member states in Europe, say industry participants.
Monday Morning Blues for Euronext.liffe
LONDON—Trading on Euronext.liffe derivatives markets ground to a halt just 21 seconds into the trading day last Monday morning, as the exchange operator was forced to shut down markets for more than four hours because of a technical issue with its market…
Q-Wixx Tackles Trading of CDS Lists
LONDON—A new trading platform, dubbed Q-Wixx, was launched last week to ease trade execution for lists of single-name credit default swaps (CDSes), say vendor officials.
If Not Now, When?
A little over a month ago at the DWT conference in London, a panel consisting of technologists from a number of major investment banks proclaimed the death of direct market access (DMA).
Deutsche Börse Expands Data Connectivity with Dark Fiber
Deutsche Börse Systems has partnered with European network provider euNetworks to offer increased bandwidth connectivity to consumers of the exchange's data, to help them deal with bandwidth issues arising from rising market data volumes and algorithmic…
Finucane's Theory of Evolution
Consolidated datafeed dinosaurs are evolving to escape the same fate as data dodos. By Don Finucane, vice president of product management and marketing, Interactive Data Real-Time Services
Exegy Integrates DRC Processor Module
St. Louis-based technology provider Exegy will integrate DRC Computer Corp.'s Reconfigurable Processor Unit (RPU) into its hardware-accelerated ticker plant, enabling Exegy to add complex event processing and algorithmic functions to the ticker plant in…
Thomson Buys Xinhua News; DJ in Play
Newswire consolidation continued last week with news during early Asia trading on Friday that Thomson Financial had acquired the news assets of Xinhua Finance News outside of China, and that Dow Jones' controlling Bancroft family is now considering a…
BT Rolls Out ITS Anywhere for Nortel
LONDON—Telecom vendors Nortel and BT have announced a collaboration to bring to market ITS Anywhere for Nortel that will enable investors' phone calls and communications to be monitored and accessed on or off the trading floor, say BT officials.
West Highland, CJC Ally For Global Support Services
NEW YORK—West Highland Support Services, a New York-based provider of remote system management and market data support services, is preparing to unveil an agreement with CJC, a London-based consultancy providing market data consulting, administration and…
HKEx Starts Final Network Migration
HONG KONG—The Hong Kong Exchanges and Clearing Ltd. (HKEx) has entered the final stages of its multi-year network consolidation project, as it will start moving batches of AMS/3 securities trading platform users to the exchange's new consolidated IP…
Instinet Launches Sidewinder Algorithm
NEW YORK—Agency broker Instinet has announced the addition of Sidewinder to its suite of algorithms, say firm officials.