Sell-Side Technology/News
Deutsche Börse Flexes IT Muscle
New business area will focus on IT outsourcing services.
Thomson Reuters Upgrades Datastream Offering
Thomson Reuters aims to appeal to a wider audience with the launch of Datastream Professional.
Young Joins Liquidnet Europe
Industry veteran takes board post.
Eurex to Roll Out New Trading System in Q4
The new platform will be based on Deutsche Börse’s proprietary architecture, already in use at ISE.
Avaloq Opens Philippines Center
Partnering with Sofgen, the Swiss company will use the software center for basic support tasks.
JPMorgan Launches Frames for Mutual Funds
JPMorgan Worldwide Securities Services launches a site for mutual fund administration as part of its Access web-based platform.
Quadriserv Goes With Co-CEOs
Former CEO Thomas Perna will stay on as chairman.
Nasdaq OMX Amps Up Datacenter Capabilities
Clients at the New Jersey datacenter will be able to access higher power and bandwidth, and lower latency.
SEC Approves Bats’ Liquidity Provider Program
The Bats program encourages market-makers to post competitive quotes and add liquidity.
Ghana International Bank Selects Lombard Risk
GHIB implements Reporter as a replacement for legacy systems.
MetaTrader Goes Multi-Asset with Gold-i
Gold-i Gate Bridge allows for trading outside of FX.
ConvergEx Opens Hong Kong Office for RealTick
New location will serve as Asia-Pacific headquarters.
State Street Names Portfolio Heads
Nicholas Bonn and John Minderides are taking over portfolio solutions for State Street Global Markets.
TMX Moves Up Co-Lo Timetable
Following faster-than-expected implementation of the first three phases of it's co-location facility, and increasing demand, TMX Group will begin phase four sooner than expected.
Renaissance Capital Successfully Goes Live with GATElab
Renaissance Capital went live on the LSE-IOB segment in late 2011 using GATElab's HFTS module.
TSE's Arrowhead Suffers 'Hardware Failure', Halts Trading
This is the first failure to halt trading for Arrowhead since its launch last year.
Jefferies Buys Hoare Govett from RBS
The US investment bank will acquire the historic UK broker from RBS, which is selling off its investment banking side.
Brussels Halts NYSE/Deutsche Börse Merger
Remedies fail to move Commission on monopoly concerns.
Dubai Exchange Approves FlexTrade as ISV
FlexTrade will offer a variety of derivatives trading solutions to Dubai Gold and Commodities Exchange customers.
ICE Clear Credit to Offer Portfolio Margining Benefits
A move is made to allow for more efficient collateralization of opposite positions in index and correlated single-name credit default swap instruments.
OIB Selects SunGard for Treasury Management
OIB will use SunGard's Ambit suite of products for treasury and risk management.
Andall on as Network Manager for FXecosystem
As part of a plan to bring in more technical personnel, FXecosystem has hired Chris Andall.
Trading Physics Adopts Myricom Low-Latency Software
The software provider opts for Myricom adapters that achieve sub-four microsecond latency.