Sell-Side Technology/News
Portuguese Energy Exchange Adopts Trayport
LISBON-Iberian power market derivatives exchange Operator del Mercado lbérico de Energía (OMIP) plans to have all of its trading on trading platform provider Trayport's Exchange Trading System by July 2010, exchange officials tell DWT.
ATS Operators Wary of SEC Dark Liquidity Proposal
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposals for regulating dark liquidity, if enacted, could significantly change the way trade orders are routed and liquidity is posted, according to executives from alternative trading…
Cuttone Banks on Tech for Mini-Prime Status
NEW YORK-Introducing brokerage Cuttone & Co. has moved closer to the growing "mini-prime" brokerage model with its Global Prime Solutions (GPS) service, which provides agency execution and floor trading capability.
IPC Eyes Financial Extranet Offering
NEW YORK-Trading floor communications and network provider IPC Systems has announced the launch of its shared IP access strategy in an attempt to create the latest financial extranet for its approximately 3,600 on-network clients, according to vendor…
Newedge Rolls Out India Operations
In a global market where all Western firms face challenges in gaining a foothold in Asia and finding the systems needed to do so successfully, multi-asset brokerage firm Newedge -a joint venture of Société Générale and Calyon-recently launched its…
Swedbank Adopts Aleri for Liquidity Risk
CHICAGO-Officials from Stockholm-headquartered Swedbank announced today, Nov. 16, that the bank has selected complex event processing (CEP) platform provider Aleri's Liquidity Risk Manager (LRM) for risk management and to meet regulatory requirements.
Canadian Markets Prepare for High-Frequency Trading
TORONTO-Although dark liquidity and high-frequency trading are less prevalent in the Canadian markets compared to the U.S. and Europe, rule proposals from the country's securities regulators appear to be pushing leading Canadian trading venues to enhance…
Pragma Securities Relocates Datacenter
NEW YORK-When Pragma Securities looked for a new datacenter to house its automated trade execution and dark liquidity pool, it selected to deploy its blade servers within datacenter hosting provider Switch and Data's New York Financial EcoCenter facility…
ITRS Set to Update Geneos
LONDON-Data technology vendor International Trading Room Software (ITRS) Group plans to add new developments to its Geneos platform by providing advanced analytics, due out in 2010, according to vendor officials.
NYSE Euronext Finds ATS Buyer
NEW YORK-In a $5 million three-way deal expected to close by the end of the year, agency brokerage BNY ConvergEx will acquire alternative trading system (ATS) operator Nyfix's U.S.
Velocity Trade Readies API Connectivity
TORONTO-Canadian foreign exchange (FX) dealer Velocity Trade expects to take its first client live sometime this week, say officials, with an application programming interface (API) connection into the dealer's middle- and back-office systems, officials…
BGC Hires Sybase for Database Support
NEW YORK-As part of a plan to adjust its internal IT systems, global inter-dealer broker BGC Partners tells DWT it has contracted database provider Sybase to support the firm's database in order to improve management of real-time risk.
Stock Exchange Outage Spurs MTF Changes
LONDON-As undisclosed server issues brought trading in one twelfth of the stocks traded on the London Stock Exchange (LSE) to a halt last week, the knock-on effect has led to changes in trading on multilateral trading facilities (MTFs), according to MTF…
Pure Trading Girds for High-Frequency Trading
TORONTO-Operators of the Pure Trading Canadian alternative trading system (ATS) are braced for an onslaught of high-frequency trades as a number of U.S. trading firms connect to the platform later this month.
Options IT Adds Nordic Support
NEW YORK-Infrastructure-as-a-service vendor Options IT has extended its Velocity high-speed market connectivity service to the Nasdaq OMX Nordic Exchanges, officials announced today, Nov. 9.
Regulatory Concerns Stall Clearinghouse Links
LONDON-Independent global clearinghouse LCH.Clearnet has suspended discussion on bilateral clearinghouse interoperability with European Multilateral Clearing Facility (EMCF) due to concerns of regulators in the U.K. and Holland over the potential…
FX Connect Looks to Executable Pricing
NEW YORK-FX Connect will launch executable streaming prices on the platform in the first quarter of next year, among other upgrades being made to the system.
Panel: HFT, Dark Pools Not Synonymous
NEW YORK-As the U.S. Securities and Exchange Commission (SEC) examines market structure with an eye toward new rules for the markets, it is likely to find that high-frequency trading accounts for very little of the activity in dark pools of liquidity,…