Sell-Side Technology/News
RadianzNet Inches Closer to Sunset
LONDON-BT officials expect to complete the decommissioning of the telecommunications giant's RadianzNet financial intranet, which it acquired from Reuters in 2005, in the next two years as it moves remaining RadianzNet clients onto BT's multiprotocol…
LCH.Clearnet, EMCF Set for November Link
LONDON-European clearinghouses LCH.Clearnet Group and the European Multilateral Clearing Facility (EMCF) have inked a bilateral agreement to achieve interoperability by November of this year, according to officials.
LSE Begins Talks with Turquoise
LONDON-As DWT went to press on Oct. 2, LSE Group, operator of the London Stock Exchange (LSE), issued a statement that it had entered exclusive talks with pan-European multilateral trading facility (MTF) Turquoise about a possible acquisition of the MTF.
BT Preps New Soft Turret
LONDON-Three unnamed investment banks and brokerages are pilot testing iTrader, an open-standards collaborations platform from telecommunications giant BT, which is slated for general availability by the end of the year, DWT has learned.
Instinet Adds BLX Liquidity Provider
NEW YORK-Traders looking for alternative methods to execute block trades have a new option as Pulse Trading and Instinet have linked their respective BlockCross and BLX dark liquidity pools, officials from both brokerages announced today, Oct. 5.
Bank of East Asia Signs Up FinIQ
HONG KONG-Bank of East Asia plans to go live with the FinIQ Structured Products System to augment its treasury business in Hong Kong by the end of the year, say vendor officials.
Lightening the Load
As lower revenues dictate smaller IT budgets across the industry, many banks and IT organizations are turning critical eyes to their infrastructure to see which systems are pulling their weight and which need to be retired. DWT editor Rob Daly speaks…
Savvis Slates 2010 Launch for Project Spirit
LONDON-Rolling out the capabilities of a new datacenter might be as simple as clicking a mouse button if cloud computing platform Project Spirit gets off the ground, according to officials from network and hosting facilities provider Savvis.
Front End Vendors Move Spreader Algos to Servers
NEW YORK-Multi-asset traders looking to shave extra milliseconds of latency off their spread-order trade messages have two new options as trading platform providers CQG and Trading Technologies International (TT) move their respective spreading…
Industry: Regulators Must Clarify Sponsored Access Rules
LONDON-Sponsored access, also known as "naked access," is generating heated debates on both sides of the Atlantic as the U.S. Securities and Exchange Commission (SEC) talks of banning the practice while European regulators muddle through attempting to…
Interactive Brokers Readies Mobile Trading Release
GREENWICH, CONN.- Traders who use Apple iPhones will be able to step away from their desks as prime broker Interactive Brokers (IB) is preparing to launch an iPhone-enabled version of its Trader Workstation (TWS) trading front end, dubbed iTWS, brokerage…
Oslo Børs Continues TradElect Migration
OSLO-Operators of the Oslo Børs have confirmed plans to continue the exchange's matching engine migration to the London Stock Exchange's (LSE's) TradElect platform, despite the U.K. exchange's recent acquisition of exchange platform provider MillenniumIT.
Bids Preps for Datacenter Move
NEW YORK-By the end of the year, operators of alternative trading system (ATS) Bids Trading expect to relocate their systems to their own datacenter facility within the Equinix NY-4 datacenter located in Jersey City, N.J., according to Bids officials.
TradElect Replacement Fuels LSE's MillenniumIT Buy
LONDON-In a move that surprised many in the industry, the LSE Group recently announced plans to acquire Sri Lankan exchange platform provider MillenniumIT in a deal priced at £18 million ($30 million), say exchange officials.
Bank Leumi Takes WSS FX Options Module Live
TEL AVIV-Bank Leumi went into production with Wall Street Systems' (WSS's) foreign exchange (FX) options module for the middle- and back-office processing of vanilla, exotic and non-deliverable options at the end of August, DWT has learned.
Options IT Acquires BNP Paribas IaaS Unit
NEW YORK-Infrastructure-as-a-service (IaaS) provider Options IT has expanded its U.S. datacenter footprint with the acquisition of the assets and clients of BNP Paribas' infrastructure hosting business, officials announced today, Sept. 21.
Bats Mulls Second U.S. Quote
KANSAS CITY, MO.-The operators of the Bats Exchange plan to file an application with the U.S. Securities and Exchange Commission (SEC) for a second equities exchange license for a new exchange to be called BYX, according to officials.
Carnegie Bank Upgrades PC Blades
NEW YORK-As part of a trading floor re-fresh, Swedish investment bank Carnegie Bank plans to roll out the latest version of ClearCube Technology's quad-monitor PC blade platform across its trading floor, vendor officials announced today, Sept. 21.
BarCap Strengthens Barx's FX Bite
LONDON-Barclays Capital (BarCap), the investment banking division of Barclays Bank, has expanded the foreign exchange (FX) trading capabilities of its Barclays Automated Real-time Execution (Barx) electronic trading platform by introducing a new suite of…
Cloud Consortium Starts Monterey Initiative
NEW YORK-Several cloud computing vendors have announced the planned availability of an integrated enterprise cloud computing test bed, dubbed Monterey, today, Sept. 14.