Sell-Side Technology/News
Tradeware Banks on FIX for the Future
NEW YORK-As trade orders continue to be sliced and diced into ever smaller and more numerous orders, electronic global equity market access provider Tradeware Global sees the FIX messaging protocol as key to future growth, say vendor officials.
OS Switch Nets Hotspot FX Performance Gain
NEW YORK-As part of a project to bring Hotspot FX's architecture in line with its other trading and matching platform, Knight Capital Group has moved the electronic foreign exchange (FX) trading platform to a Linux platform from a Microsoft Windows…
Kondor+ Update Set for 2010
LONDON-Market data and trading platform provider Thomson Reuters plans to release version 3.2 of its trade capture and risk management platform Kondor+ sometime during the first quarter of 2010, DWT has learned.
MarketAxess to Debut Click-to-Trade
LONDON-Electronic fixed-income trading platform provider MarketAxess Europe is rolling out click-to-trade (CTT) functionality to version 6.5 of its MarketAxess trading platform, which should be available to European clients beginning Nov. 23, DWT has…
Agency Consortium Backs New Crossing Network
NEW YORK-In an attempt to give its members better control over block order trading flow, agency brokerage cooperative Mahogany Partners has announced a technology alliance with ConvergEx to deliver a multi-crossing network front end to its partners…
London Stock Exchange Expands Hosted Offering
LONDON-Operators of the London Stock Exchange (LSE) have opened a dedicated floor within the LSE's datacenter for client hosting, exchange officials tell DWT .
NYSE Technologies Grows Asia Presence
SINGAPORE-The Asia-Pacific business of NYSE Technologies, the data and trading technology arm of NYSE Euronext, is setting up a development team in Singapore to provide dedicated local development and support resources to serve clients throughout the…
Industry Clamors for Regulatory Clarity
NEW YORK-The "two-tiered" market identified by U.S. Securities and Exchange Commission (SEC) chair Mary Schapiro in an address to the Securities Industry and Financial Markets Association (Sifma) annual meeting in New York on Oct. 27 is in fact a three…
Pipeline Sets for Eastern European Expansion
LONDON-Officials from Pipeline Financial Group, the European business of the U.S.-headquartered Pipeline Trading Systems, have completed the first phase of Pipeline's deployment in Europe and plan to expand its clearing models by early 2010.
Tibco Debuts Distributed Caching Platform
PALO ALTO, CALIF.-Enterprise software developer Tibco Software has released ActiveSpaces, a distributed middleware product combining an in-memory database and messaging system, to support the development of distributed applications that need to run…
OTC Derivatives Clearing Debate Continues
NEW YORK-The Over-the-Counter Derivatives Act of 2009 approved by the U.S. House Financial Services Committee on Oct. 15, if signed into law, would shift the responsibility for regulating and ensuring central clearing of over-the-counter (OTC)…
BNP's Foster Ends Leave, Starts at Instinet
LONDON-Global agency broker Instinet has hired Alexandra Foster to head its U.K. sales team starting today, Nov. 2. Foster has been on gardening leave from her former employer BNP Paribas, where she was the head of sales and global execution services.
Pulse Trading Seeks to Expand BlockCross Coverage
BOSTON-Agency broker Pulse Trading, operator of alternative trading system (ATS) BlockCross, plans to grow the continuous crossing network organically as well as through partnerships with other crossing networks, officials tell DWT .
SEC Takes Multi-faceted Approach on Market Reform
NEW YORK-The ardor for a wholesale regulatory restructuring in the financial industry appears to have cooled, focusing on points where there is widespread agreement throughout the financial industry that measures are necessary to restore trust among…
Data Warehouse to Boost Performance for Pink OTC
NEW YORK-Over-the-counter (OTC) securities trading venue Pink OTC Markets expects to see a trading system performance boost as it moves its analytic and reporting functions from its trading database onto a recently deployed data warehouse, DWT has…
Aegisoft Rolls Out Algo Back Tester
NEW YORK-Execution management system (EMS) and FIX validation vendor Aegisoft has recently launched its Java-based Algo Back Tester (ABT) platform, which allows developers to hone their algorithms using real-time and historical market data.
FPL Prepares Latency Working Group Launch
LONDON-FIX messaging protocol governing body FIX Protocol Ltd. (FPL) plans to formulate a new standard engine aimed at measuring latency and increasing transparency. In the coming weeks, FPL expects to form a new working group to address the development…
Industry: IoIs Down but Not Out
NEW YORK-Although the tempest over flash orders led Nasdaq OMX and Bats Exchange to discontinue their use, market participants are continuing to use indications of interest (IoIs) to place orders, in an effort to protect the interests of their end users…
Cloud Computing: The Future, Delayed
LONDON-Cloud computing is unavoidable at present-consumer-grade offerings have already hit the market, universities and city governments are using a number of cloud-based applications, while software vendors and cloud service providers are touting its…
Oslo Børs Diversifies Clearing Offering
OSLO-Norwegian exchange operator Oslo Børs has recently signed a memorandum of understanding (MoU) with Oslo Clearing, its existing clearing partner, and LCH.Clearnet to offer exchange members a choice of central counterparty (CCP) clearinghouses.