Sell-Side Technology/News
Gain Capital Moves into Institutional Waters
NEW YORK-The foreign exchange (FX) ECN landscape is about to become more crowded as retail FX trading firm Gain Capital marks its first foray into the institutional trading space with the launch of its Gain Capital GTX ECN in the coming weeks.
New Year Brings New Risk Management for BNY ConvergEx
In the past few quarters, agency brokerage BNY ConvergEx has seen explosive growth through a number of strategic acquisitions, namely the Nyfix Millennium crossing network. It has also stepped into the role of technology provider with its development of…
Chi-X Canada Moves Toronto Datacenter
TORONTO-Canadian alternative trading system (ATS) Chi-X Canada has relocated its primary Toronto datacenter to datacenter host Switch and Data's Toronto Financial EcoCenter, officials announced today, Jan. 18.
Nasdaq OMX Eyes Second Nordic CCP
STOCKHOLM-Pending regulatory approval, global exchange operator Nasdaq OMX plans to introduce its second central counterparty (CCP) clearer to the Nordic markets by the end of March, officials tell DWT .
CME Set to Conclude Nymex Migration
NEW YORK-Operators of the Chicago Mercantile Exchange (CME), the CME Group, are nearing completion of moving legacy New York Mercantile Exchange (Nymex) systems onto CME platforms, CME Group officials tell DWT .
Global IT Spending Set to Rise
NEW YORK-Budget makers in the securities and investment vertical can expect to see between a 2 percent and 4 percent increase in IT spending in 2010, depending on their geographic location, conclude the authors of a recent white paper published by…
Exchanges: Unfiltered Ban Won't Stop Fat Fingers
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposed rule change banning unfiltered market access will not stop as many erroneous trades as widely believed, say exchange representatives who recently spoke at a conference on the topic.
Constructing the Greek Ideal
As smaller exchanges continue to face competition from the large global exchange operators, they need to find the balance between innovation and nimbleness. DWT European reporter Tanzeel Akhtar sits down with Spyros Capralos, chairman of the Athens…
Knight Link Targets Scandinavia
LONDON-Electronic broker Knight Capital plans to expand the European coverage of its Knight Link crossing network to include the Nordics beginning in February, DWT has learned.
NYSE Euronext Decamps From MetroTech
NEW YORK-As part of its global datacenter consolidation and network rationalization plan, NYSE Euronext aims to vacate its MetroTech facility in Brooklyn by year end.
SEC Proposes Ending Unfiltered Access
NEW YORK-In a recent open meeting, all five commissioners of the U.S. Securities and Exchange Commission (SEC) voted unanimously to release a proposed rule change that would end unfiltered, or naked, access to trading venues by buy-side firms.
Arbitrage Changes Look of Marco Polo
NEW YORK-To meet the needs of its changing client base, emerging markets connectivity provider Marco Polo network expects to add its fifth and sixth electronic futures exchanges to its global network in the near future, Marco Polo officials tell DWT .
FXall Plans Hybrid Platform
NEW YORK-Operators of the multi-bank electronic foreign-exchange (FX) trading venue FXall plan to integrate the recently acquired LavaFX, which FXall purchased from Citi, with its current platform sometime in the coming year, FXall officials tell DWT .
HSBC Takes DMA to the Gulf
LONDON-HSBC is now offering direct market access (DMA) to the Abu Dhabi Securities Market (ADSM) and Dubai Financial Markets (DFM), switching on its first clients last week, according to bank officials.
TSE Targets Latency with Arrowhead Launch
TOKYO-With the New Year, operators of the Tokyo Stock Exchange (TSE) rolled out the exchange's new Arrowhead matching engine to improve support for advanced automated trading strategies on the TSE, according to officials.
Regulatory Uncertainty Delays C2
NEW YORK-Although flash orders were not yet a hot-button issue when the Chicago Board Options Exchange (CBOE) filed for regulatory approval from the U.S. Securities and Exchange Commission (SEC) for the CBOE's planned all-electronic C2 options exchange,…
Scrambling Toward Liquidity Risk Compliance
Since the start of the financial crisis, the U.K. Financial Services Authority (FSA) has moved swiftly to revamp the U.K.'s liquidity risk management regulatory regime. DWT speaks with P.J. Di Giammarino, CEO of industry think thank JWG-IT Group, to…
Nasdaq OMX Amps Up U.K. Power Market
STOCKHOLM-Nasdaq OMX Commodities and Nord Pool Spot have launched the N2EX U.K. power market and auctioning will go live today, reveal officials.
LSE to Merge Turquoise, Baikal
LONDON—Operators of the London Stock Exchange (LSE) plan to integrate the exchange's Baikal multilateral trading facility (MTF) with fellow MTF Turquoise and run the resulting MTF using the LSE's technology stack, say officials.