Sell-Side Technology/News
Liquidnet Canada Deploys Triton Link
TORONTO-Canadian alternative trading system (ATS) Liquidnet Canada has gone live with a link to agency broker ITG's Triton execution management system (EMS), giving Canadian traders yet another entry point to block liquidity, DWT has learned.
Fidessa Prepares New U.K. Datacenter
LONDON-Trading platform and market connectivity vendor Fidessa plans to move its U.K. operations into a new purpose-built datacenter later this year.
Ancerno Debuts Web-based Trade Compass
NEW YORK-Transaction cost analysis (TCA) tools and consulting services provider Ancerno is nearing its first major milestone of moving its entire TCA offerings to the Web, vendor officials announced today, March 1.
Totan Group Rolls Out BT ITS.Netrix
TOKYO-Japanese interdealer broker Totan Group has selected to deploy global telecom giant BT's ITS.Netrix turret platform on the firm's new trading floor, vendor officials announced today, March 1.
Second Client Tests TXC
NEW YORK-Trading Cross Connects US (TXC) has a second high-frequency trading client that began test trades last week, says a senior official.
RNA Taps Execs, Grows Boards
PORTLAND, ORE.-Datacenter virtualization technology provider RNA Networks has bolstered its financial markets and client support expertise, and its boards of directors and advisors with recent hires.
ISDA Delays FpML Version 5.0
NEW YORK-The International Swaps and Derivatives Association (ISDA) has delayed the release of version 5.0 of its derivatives trading communication protocol, the Financial products Markup Language (FpML), as it extends coverage to collateral management.
Exchanges Gear Up to Comply with Uptick Rule
NEW YORK-Major U.S. exchanges say modifying their trading systems to comply with the recent changes to limit short selling by the U.S. Securities and Exchange Commission (SEC) will be a coordinated effort and should be completed by the end of the year.
Chi-X Europe Won't Fill Vacated COO Role
NEW YORK-Pan-European multilateral trading facility (MTF) Chi-X Europe will not replace former chief operating officer (COO) Hirander Misra, who resigned Feb. 19, saying he planned to pursue other interests.
The Deal of the Millennium
As the CEO of an exchange technology provider, what do you do when a premier global exchange comes knocking on your door asking if you would be interested in providing them with a new trading system and also whether they could make a strategic investment…
Paremus Adds Clients with Low-Latency Messaging
LONDON-Two unnamed global investment banks plan to have pilot implementations of the OSGi-based Paremus Service Fabric (PSF) from Paremus up and running this spring, vendor officials tell DWT .
BoA-ML Shakes Up Broadcort
NEW YORK-Broadcort, the U.S.-based broker-dealer clearing and execution services unit of Bank of America Merrill Lynch (BoA-ML), is regrouping its senior management team and its product offerings, as well as reaching abroad with its offerings in an…
Australian Securities Exchange to Adopt Genium Inet
SYDNEY-Operators of the Australian Securities Exchange (ASX) plan to retire the exchange's legacy Click XT trading platform from Nasdaq OMX and replace it with the Genium Inet trading platform, also from Nasdaq OMX, for its equities and derivatives…
European Regulators Okay Clearinghouse Interoperability
LONDON-Several European market regulators have recently published their positions on central counterparty (CCP) clearing linkages, and clearinghouses are preparing to take the next step in interoperability.
LSE Completes Turquoise Acquisition
LONDON-Last week, LSE Group, operator of the London Stock Exchange (LSE), completed the purchase of pan-European multilateral trading facility (MTF) Turquoise-which it plans to integrate with its Baikal MTF-and appointed David Lester CEO of Turquoise…
Icap Revamps Global Messaging Architecture
NEW YORK-As part of a broader infrastructure initiative intended to establish a services framework atop a high-performance low-latency messaging infrastructure, Icap Electronic Broking (IEB) is in the midst of deploying a global network of message…
Cost, Performance Concerns Dominate SIX Swiss Exchange
With the rise of multilateral trading facilities (MTFs) and systematic internalizers (SIs), European exchanges face challenges they never envisioned prior to the introduction of the Markets in Financial Instrument Directive (Mifid). DWT European reporter…
UNX Eyes Europe, Multi-Asset Support
NEW YORK-Execution management system (EMS) provider UNX plans to expand its UNX Catalyst Portal to include more assets and greater geographic coverage, vendor officials tell DWT .
Cinnober Gains Real-Time Clearing Client
STOCKHOLM-Trading and clearing platform vendor Cinnober has signed the first client-an unnamed firm-for its new real-time clearing platform, and is negotiating with three or four parties in Europe who are looking for a clearing system, vendor officials…
Introducing Brokers Ramp Up Application Spending
BOSTON-U.S. introducing brokerage firms are poised to increase spending on business applications this year, while clearing firms will compete to get more of that spending, according to the authors of a recent white paper from industry research firm Aite…