Sell-Side Technology/News
SunGard Offers BM&F Back-Office Support
NEW YORK—U.S.-based futures commission merchants (FCMs) looking to better automate their processing and clearing of trades on the Brazilian Mercantile and Futures Exchange (BM&F), which is owned by exchange operator BM&FBovespa, can now use SunGard GMI…
FPL Eyes Latency Standards
NEW YORK—After delivering standards for market data compression and algorithmic strategy distribution, messaging standards body FIX Protocol Ltd. (FPL) plans to launch the FIX Inter-party Latency (FIPL) Working Group, which will begin mid-month, FPL…
CMA Expands Latin America Network
NEW YORK-Brazilian trading platform, market data and network connectivity provider Consulting, Methods, Advisory and Mercantil (CMA) has established a new route to local broker-dealers in Latin American markets by adding Miami-based broker-dealer LatAm…
Chi-Tech Adds 29West to MarketPrizm
NEW YORK-Chi-X Global Technology (Chi-Tech), the technology unit of market operator Chi-X Global, recently swapped out its legacy middleware platform for its MarketPrizm hosted trading environment for the European markets in favor of 29West Messaging.
Colt Prepares Fastnet Ultra Service
LONDON-European network service provider Colt Telecom is investing up to £100 million ($161 million) in its network infrastructure to support a new service, Fastnet Ultra, which will provide clients with easily provisioned high-bandwidth networks to…
Aite: Naked Access Ready for Reform
BOSTON-According to a recent research note published by industry analyst firm Aite Group entitled Sponsored Access: Where the Naked Need Not Apply , most high-frequency traders, sponsoring brokers and exchanges have come to a consensus that some sort of…
StreamBase Grows Sales Force
NEW YORK-Complex event processing (CEP) platform vendor StreamBase Systems has added a number of new people to its sales organization to support the vendor's growing client base, vendor officials tell sibling publication Inside Market Data .
TMS Update Targets Real-Time Risk Management
CHICAGO-Trading platform vendor InfoReach has added a number of risk management features to the latest release, version 7.1, of its InfoReach Trade Management System (TMS), DWT has learned.
GFI Eyes Europe for Credit Auction
NEW YORK-Interdealer Broker GFI Group aims to deploy its Web-based over-the counter (OTC) auction capability to the European and Australian markets sometime in the first quarter of 2010, DWT has learned.
Omgeo Slates ProtoColl Update
LONDON-Post-trade utility Omgeo is set to release version 4.9 of its Omgeo ProtoColl collateral management service in early 2010, say officials.
BMO Preps for Regulatory Revamp
As demand for high-frequency trading migrates to Canada, the country's regulators, like their U.S. counterparts, are likely to reconsider the financial industry regulatory framework. These changes, in turn, will require major Canadian firms to re-think…
Banks Unfazed by Public Clouds
NEW YORK-The industry will find ways to allay concerns about the public nature of cloud computing as practiced by corporations such as Google and Amazon.com, according to panelists at the Waters USA 2009 conference hosted by sibling publication Waters .
Credit Suisse Wins Best IT Team
NEW YORK-On a cool and starry Manhattan evening last week, Credit Suisse took home the fifth annual American Financial Technology Award (AFTA) for Best IT Team for its application development and infrastructure teams' Armor Day 2 initiative, which…
ITG Sets for Layoffs
NEW YORK-Employees of trading platform provider and crossing network operator Investment Technology Group (ITG) are bracing for downsizing as the firm prepares for a restructuring aimed at saving $25 million to $28 million in operating expenses beginning…
Bond MTF Waits for Regulatory Green Light
LONDON-The new Vega-Chi multilateral trading facility (MTF) is awaiting final approval by the U.K. Financial Services Authority (FSA) to commence operation as what Chi-Vega officials claim is the first convertible bonds MTF.
CIOs: Lack of Standards, Scale Plague Firms
NEW YORK-Scale, standardization and legacy software are three of the greatest industry challenges identified by CIOs and CTOs who spoke at the recent Waters USA 2009 conference hosted by sibling publication Waters .
BoA Merrill Deploys Canada Market Cap Algos
TORONTO-Bank of America Merrill Lynch is rolling out enhancements to its algorithmic trading platform for Canadian equities, in the form of the Instinct and Quantitative Implementation Shortfall (QIS) algorithms that offer users the ability to better…
Fidessa, MFS to offer Middle East DMA
LONDON-Market connectivity provider Fidessa has partnered with Middle Eastern broker Mubasher Financial Services (MFS) to offer direct market access (DMA) and algorithmic trading to a range of Middle Eastern exchanges, officials announced today, Dec. 14.
Kyte Group Deploys CQG
LONDON-Global futures commission merchant (FCM) Kyte Group went live in mid-November with the initial deployment of a hosted trading platform from CQG, vendor officials tell DWT .