Sell-Side Technology/News
Brokers Seek Clearing Transparency
LONDON-Price transparency isn't just a front-office concern for brokers as many are seeking better transparency from European exchanges about clearing and settlement tariffs so that firms can calculate fees as a proportion of value traded.
SEC Set to Rein in Dark Liquidity
WASHINGTON, D.C.-In a unanimous vote by the commissioners of the U.S. Securities and Exchange Commission (SEC) last week, the U.S. regulatory body adopted three recommendations put forth by its Division of Trading and Markets to better regulate dark…
Lime Certifies Open-Source OMS
NEW YORK-Traders seeking to execute on agency broker Lime Brokerage's low-latency trading systems can do so via an open-source offering, as the firm recently certified the Automated Trading Platform (ATP) from open-source order management system (OMS)…
Trayport Targets Smaller Firms with Pre-Trade Risk
LONDON-Commodities trading system provider Trayport plans to lower the barrier of entry for proprietary trading houses and hedge funds to participate in the energy markets with a pre-trade risk offering to be launched in about 12 months, according to…
Townsend Rolls Out Trading API Update
CHICAGO-Multi-asset trading platform provider Townsend Analytics recently debuted the version 3.0 of its RealTick application programming interface (API), which sports a new QuickStart application that simplifies code development and expanded…
Bats Readies Global Datacenter Upgrade
KANSAS CITY, MO.-In preparation for the launch of the a second protected cash equities quote and a new options exchange in the U.S. market, exchange and multilateral trading facility (MTF) operator Bats Trading has leased a significant amount of new…
Uniloc Delivers System Fingerprint
IRVINE, CALIF.-Officials from network security vendor Uniloc announced today, Oct. 19, the general availability of its WebAnchor security platform, which establishes unique identifiers for edge systems connecting to secure networks.
McCormick to Lead Boston Options Exchange
CHICAGO-Operators of the Boston Options Exchange (BOX) announced that they have named Tony McCormick the exchange's CEO, effective last week.
Rapid Addition FIX Engine Targets Garbage Collection
LONDON-Users of FIX messaging platform provider Rapid Addition's RA Cheetah FIX engine and RA Quantum FIX Adapted for Streaming (FAST) gateway should see a performance improvement as the vendor rolls out new memory management techniques, which eliminate…
Nomura Deploys Xaqua as Single-Dealer Front End
LONDON-After initial conversations that took place in early summer, global investment bank Nomura went live last week with a Web-based single-dealer front end from Caplin Systems for the bank's cash foreign exchange (FX) business, officials announced…
Chi-X Debuts Sponsored DMA Access
LONDON-To better cater to high-frequency traders, officials from pan-European equity multilateral trading facility (MTF) Chi-X Europe announced today, Oct. 19, the rollout of Chi-Velocity, a proximity-hosted risk management offering for sponsored direct…
Aleri Slates Platform Integration for 2010
CHICAGO-After its acquisition of Coral8 in the first quarter of this year, complex event processing platform vendor Aleri plans to have the next generation of its architecture fully backwards compatible for both legacy platforms beginning in 2010, vendor…
WFE Calls for Dark Pool Surveillance
Vancouver, B.C.-During the World Federation of Exchanges' (WFE's) 49th general assembly and annual meeting, the global industry body continued its call for regulators to level the playing field for exchanges and dark pools of liquidity.
Nasdaq OMX Launches Nordic CCP
STOCKHOLM-Global ex-change operator Nasdaq OMX launched its central counterparty (CCP) clearing services as DWT went to press on Oct. 9.
Morgan Stanley Seeks Latency TCA Offering
NEW YORK-As execution latency becomes a growing opportunity cost for low-latency traders, Morgan Stanley is investigating offering inter-party latency data as part of its transaction cost analysis (TCA) to its buy-side clients.
LSE Unveils MillenniumIT Transition Team
LONDON-London Stock Exchange Group, operator of the London Stock Exchange (LSE) and Borsa Italiana, has named the team of executives that will manage the integration of data and trading technology assets from recently acquired exchange systems vendor…
Panopticon Eyes EX Update
LONDON-Data visualization platform provider Panopticon Software expects to release version 5.3 of its Panopticon EX offering on Nov. 5 with a quick followup release of version 5.4 of its Panopticon Developer (PD) software development kit (SDK) on Nov. 23…
Avoiding the Budgetary Drought
As IT budgets across the industry continue to shrink, all firms face the common challenge to do more with less while trying to preserve innovation within their firms. DWT European reporter Tanzeel Akhtar sits down with Magnus Falk, CIO for Europe, the…