Trading Technologies and Strategies

Baptism of fire

Counterparty risk has historically been an issue mostly for sell-side institutions to address, but the collapse of Lehman Brothers laid that notion to rest. Now, investment managers have had to get up to speed on what risks their counterparty exposures…

Saxo CEO: Data Is Both Cause of And Cure for Economic Crisis

Financial firms must focus on improving data quality process automation to navigate their way out of the current financial crisis, while regulators and competitive forces will also dictate change by contributing to further requirements for increased…

Latency Still a Priority, But Not 'Holy Grail'

At the cutting edge of market data, firms are still investing in the latency arms race by adopting the latest technologies and strategies for reducing latency, though some participants are beginning to question whether they can justify the investment…

MarketAxess Plans European Cross

NEW YORK-Electronic fixed-income trading venue MarketAxess expects to introduce its hybrid Market List crossing capability to its European business sometime before the end of the year, say MarketAxess officials.

Tullett Prebon Selects Orc for Paris Office

PARIS-Global interdealer broker Tullett Prebon recently went live with Orc Software's electronic trading platform Orc Trading, which will be its main derivatives trading platform for its listed derivatives trading desk in Paris, say officials.

Front Arena Update Sports Added FX Functionality

LONDON-Trading software and services provider SunGard has recently rolled out version 4.3 of its Front Arena trading platform, which includes high-volume foreign exchange (FX) trading capabilities, straight-through processing (STP) features, scalable…

Building the Better Algorithm

Seldom is optimizing a trading algorithm a matter of simply writing a tighter line of code or turning one screw: It usually involves a more holistic approach. DWT sits down with John Bates, founder and managing director of Progress Apama, to discuss how…

CME Ramps Up Exchange Integration

U.S. exchanges are getting off the consolidation bandwagon and the real work of integrating systems and realizing synergies has begun. It is vital, however, that execution venues not lose sight of the big picture and remain competitive in a tough market…

EBS Suffers Network Outage

LONDON-Foreign exchange (FX) traders needed to reroute their trades from the Icap-owned EBS platform for two hours last Thursday due to problems with the firm's network service provider, say Icap officials.

Fund managers gear up down south

The South African investment management industry is small compared with those of the US East Coast and Western Europe. But as Victor Anderson reports, a small industry does not necessarily imply an unsophisticated one.

Calypso Gains CDO Management Platform

SAN FRANCISCO-In an effort to expand its functionality, trading software vendor Calypso Technology has acquired a collateralized debt obligation (CDO) portfolio construction and management platform from a London-headquartered vendor Codefarm.

Algo banks on the buy side

One name, arguably now more so than any other, is synonymous with risk management technology: Algorithmics. In the past, however, Algo's offerings enjoyed strong sell-side traction but only relatively modest buy-side up-take due to a blend of heady price…

Long-distance infrastructure

For New York-based global hedge fund and investment firm Marathon Asset Management, best-of-breed and off-the-shelf became mutually exclusive concepts early in its development. After identifying a number of crucial advantages in developing proprietary…

Registration redux

For months now, hedge fund industry participants have anticipated greater regulatoryinvolvement by the US government. But while no concrete regulatory requirement yet exists for hedge funds, proposed rules pushing for hedge fund registration under the…

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