Sell-Side Technology/News
ICE Plans ICE Clear Europe Migration
ATLANTA-IntercontinentalExchange (ICE), operator of European clearinghouse ICE Clear Europe, expects to complete the clearinghouse's migration to completely internally developed technology by the beginning of next year, exchange officials tell DWT .
Banco Fator Deploys Low-Latency Architecture
São Paulo-Brazilian bank and brokerage Banco Fator Corretora has adopted the Progress Apama Algorithmic Trading Accelerator and Event Modeler systems from complex event processing (CEP) platform provider Progress Software in order to provide the broker's…
Atrium Adds Two Toronto PoPs
TORONTO-Global connectivity provider Atrium Network has expanded connectivity to the Canadian market with two new points of presence (PoPs) at 100 Wellington Street and 151 Front Street in Toronto's financial district, Atrium Network officials announced…
CME, ELX Continue EFF Donnybrook
NEW YORK-The regulatory fight between ELX Futures and the CME Group over prohibitions by the CME's Chicago Board of Trade (CBOT) unit on execution of exchange of futures for futures (EFFs) witnessed another round.
Progress Revamps Sales Organization
BOSTON-Progress Software, which owns complex event processing (CEP) software vendor Apama, is in the midst of reorganizing its sales and support organizations to provide a "joined-up" sales strategy that enables the vendor to cross-market its diverse…
Bats Prepares for Post-OSI Options Launch
KANSAS CITY, MO.-Following last's week's approval by the U.S. Securities and Exchange Commission (SEC), operators of the Bats Exchange plan to roll out options trading in 18 underlying securities beginning Feb. 26.
Pipeline Integrates Block Options
NEW YORK-Block-crossing network provider Pipeline Trading Systems has completed the integration of options trading support with its recently launched Blind Bid Options Cross (BBOX) platform, say officials.
FTEN Targets Global Expansion
NEW YORK-High-frequency execution and risk-control platform provider FTEN has set its sights on establishing its presence in Asia as well as expanding its European footprint, according to a vendor spokesperson.
Latency Arms Race Turns to Pre-Trade Risk
NEW YORK-Sell-side firms that have focused too much on reducing their execution latency at the expense of reducing pre-trade risk-check latency may find they have fewer clients, as buy-side firms strive to synchronize the pre- and post-trade checks,…
Lightspeed Preps for Multi-Asset Algo Trading
NEW YORK-Low-latency execution broker Lightspeed Financial is paving the way to offer algorithmic trading in equities options and futures enabled by a backend consolidation between its Lightspeed Trader direct market access (DMA) and Lightspeed Gateway…
Thomson Reuters Takes Hosted RMDS Global
NEW YORK-Market data and trading platform provider Thomson Reuters imminently plans to complete the initial global deployment of the hosted version of its Thomson Reuters Market Data System (RMDS) with facilities serving the Tokyo and Frankfurt markets,…
Orc Takes Aim at Equities with Neonet Buy
STOCKHOLM-In order to expand its presence in the global equities markets, Scandinavian trading platform and connectivity provider Orc Software plans to acquire Swedish agency broker Neonet in a $17.7 million (SEK130 million) deal, which is set to close…
TXC Adds Tokyo Co-Location Site
NEW YORK-Trading Cross Connects US (TXC)-an incubator for high-frequency traders seeking to trade on the foreign exchange (FX), fixed-income, listed derivatives, energy and commodities markets-expects to have a co-location facility in production next…
Corvil Debuts Central Latency Monitoring
DUBLIN-Network latency monitoring vendor Corvil has incorporated a central management console and an appliance update with version 6.0 of its CorvilNet platform, according to vendor officials.
SunGard Delivers European DMA
LONDON-Targeting regional European broker-dealers who are having difficulty supporting connections to new European trading centers, SunGard has rolled out its high-frequency direct market access (DMA) offering, according to vendor officials.
Clearinghouses Address Regulatory Concerns
LONDON-To head off a regulator-imposed regime on how to mitigate the risks of clearinghouse linkages, expected from the U.K.'s Financial Services Authority (FSA) later this month, European clearinghouses have been working to build an industry consensus…
Morgan Stanley Completes Spot FX Deployment
LONDON-Global investment bank Morgan Stanley has completed the final phase of deploying the Thomson Reuters Spot Matching platform as a foreign exchange prime broker (FXPB) and is preparing to onboard clients, bank officials tell sibling publication FX…
NYSE Euronext Eyes Summer Sunset for Liffe Connect
LONDON-Customers of global futures exchange NYSE Liffe, operated by NYSE Euronext, will be migrated onto NYSE Euronext's Universal Trading Platform (UTP) at the end of June, officials inform DWT .
Tibco Plans Cloud Play
New York-Following its purchase of grid platform provider Data Synapse last year, middleware messaging vendor Tibco is looking to leverage the acquisition to enter the cloud computing environment space, DWT has learned.
StreamBase Updates CEP Platform
BOSTON-StreamBase Systems has released version 6.5 of its StreamBase complex event processing (CEP) platform, adding a trace debugger feature and upgrading its FX Data Aggregation Framework, officials tell DWT .