Sell-Side Technology/News
There's a Ferrari in Mexico, But What About the Roads?
The Connect and Trade Mexico conference was a chance for the Mexican exchange to show off its new, faster matching engine and the upswing of the local economy. But are high-frequency traders willing to overlook Mexico's other hurdles?
Imagine Software Releases High-Volume Risk Management Tool
The HVRM solution, targeted at clearing houses, enables firms to cope with CFTC rules 1.73 and 1.74, which require screen orders and monitoring for pre-established risk-based limits.
Polish CCP Signs First Member
Polish central counterparty clearing house (CCP) KDPW_CCP has announced that Raiffeisen Bank Polska SA has become its first member, ahead of European regulations governing the trading of over-the-counter (OTC) derivatives.
Philippine Exchange Adopts Nasdaq Smarts for Surveillance
The Philippine Dealing and Exchange Corporation (PDEx) has selected Nasdaq OMX's SmartsOnline market surveillance system to monitor market activity across the fixed income market in the Philippines.
SIX Axes Scoach Partnership with Deutsche Börse
SIX Swiss Exchange has terminated its cooperation contract with Deutsche Börse for the joint running of structured products trading platform, Scoach.
TeleWare Opens Call Recording Records
UK-based communications vendor Teleware has announced the release of a new application that provides streamlined access to its mobile recording functionality.
Perseus Joins FPL
The connectivity provider says it will join the High Performance and Latin America Working Groups of industry group Fix Protocol Limited, adding insight to discussions about layer-2 networking.
ICAP Brings its European Interest Rate Swap Platform to the US
ICAP, the London-based interdealer broker and post-trade risk service provider, has been waiting to bring i-Swap, its electronic trading platform for interest rate swaps (IRS), to the US. First it needed to know what the rules governing swap execution…
ICE's NYSE Euronext Acquisition Nears
IntercontinentalExchange's (ICE) proposed takeover of NYSE Euronext drew closer today, following the expiration of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act.
Calypso Captures Credit Vet for Senior Post
Technology vendor Calypso has announced the appointment of David Kelly as its director of financial engineering.
ASX Launches Low-Latency Network Through BT Radianz
The Australian Securities Exchange (ASX) has launched a low-latency network through BT Radianz to improve global connectivity to its trading platforms.
National Bank Financial Activates Orc for Canadian Algo Trading
National Bank Financial (NBF), a wholly owned subsidiary of the National Bank of Canada, has extended its use of technology from Orc by offering clients algorithmic trading in Canadian markets.
Torstone Adds OData Interface For Analytics, Reporting
Torstone Technology, a London-headquartered provider of securities and derivatives processing software, has released the Open Data Protocol (OData) interface for improved analytics and reporting capabilities.
Cates Joins Rule Financial
Rule Financial, the London-based provider of advisory, business consulting, IT and software services to the investment banking community, has appointed Emily Cates as a principal consultant in the firm's Domain Group.
Eurex Handed Keys to South Korean DMA
Eurex Exchange has received approval from the South Korean Financial Services Commission (FSC) to offer direct market access (DMA) in South Korea.
FIX Protocol Pens Electronic Bonds Trading Best Practices
FIX Protocol (FPL), the industry standards organization for global electronic trading, has released a new set of guidelines for best practices in electronic bonds trading.
Options to Open Chicago Office
Options, a private cloud provider, will open an office in Chicago on March 1 to serve regional clients, as well as communicate with proprietary trading firms in the area.
GFI Group Changes CEOs
GFI Group president Colin Heffron will assume responsibility as CEO, effective immediately. A company spokesperson says Heffron was being groomed to take over the role.
Trad-X Launches Dollar Rate Swaps
The hybrid platform for interest rate swap (IRS) trading, jointly operated by a consortium of 11 major banks and managed by interdealer broker Tradition, is set to build off its successful launch of Euro products 18 months ago.
Moscow Exchange Announces IPO
Moscow Exchange has announced the successful pricing of its initial public offering (IPO) in Moscow, which has been set at RUB 55 ($1.83) per share.
NSX Securities Taps Morgan Stanley for Clearing, Order Routing
NSX Securities, the wholly-owned broker-dealer and exchange facility of the National Stock Exchange, has chosen Morgan Stanley to provide its clearing services and outbound order routing.
Randall Steps Down as Equiduct CEO
Peter Randall has stepped down as CEO of pan-European trading platform Equiduct.
Mellanox to Provide Server Interconnects for NLX
Nasdaq OMX NLX has selected the InfiniBand solution of Mellanox Technologies, a supplier of interconnect solutions for data centers, as the server interconnect for its matching engines.
NYSE Enters Sentiment Analysis Market with SMA Alliance
NYSE Technologies, the technology division of NYSE Euronext, has partnered with quantitative analytics firm Social Market Analytics (SMA) to provide its customers with access to sentiment analytics that can be integrated within trading algorithms.