Sell-Side Technology/News
MTS Eyes Brazilian Operations
LONDON—Pan-European sovereign debt trading venue provider MTS Group expects to have its latest operation, MTS Brazil, in production trading real-denominated Brazilian international bonds in the next to 12 to 18 months, firm officials tell DWT.
Ivory to Offer Improved CA Integration
ATLANTA-Officials at mainframe service-oriented architecture (SOA) software developer GT Software are currently working on the latest version of the Ivory Service Architect (ISA) product, DWT has learned.
Icap Completes Arkhe Purchase
RIO DE JANEIRO—To beef up its presence in the Brazilian market, interdealer broker Icap has completed its acquisition of independent Brazilian broker Arkhe Distribuidora de Títulos e Valores Mobiliários (Arkhe DTVM). The Banco Central do Brasil, the…
NYSE Liffe Set for UTP Testing in Early 2010
LONDON-Firms trading on international futures exchange NYSE Liffe, operated by NYSE Euronext, should plan on testing connectivity to the exchange's Universal Trading Platform (UTP) in the first quarter of next year, according to exchange officials.
Bids Trader Update Sports Consolidated Interface
NEW YORK-Operators of alternative trading system (ATS) Bids Trading are in the process of rolling out version 6 of the firm's front end, dubbed Bids Trader.
Bloomberg Debuts 3G B-Smart Auto Algo
NEW YORK-Trading system and market data provider Bloomberg recently introduced the third generation of its B-Smart Auto trading algorithm, which allows users to automatically set how aggressively they want their trades executed.
TT Readies Exchange Gateway Betas
CHICAGO-Derivatives trading platform provider Trading Technologies International (TT) expects to go live with gateways to Icap's EBS foreign exchange (FX) trading venues and the London MetalsExchange (LME) by the end of the quarter, according to…
FTIL Takes Aegisoft for FIX Testing
NEW YORK-Multi-asset exchange platform provider Financial Technologies India Ltd. (FTIL) has adopted the FIX messaging simulator from FIX validation vendor Aegisoft to test and support FTIL's FIX-based trading gateway, vendor officials announced today,…
XtremeData Debuts High-Performance Database Appliance
SCHAUMBURG, ILL.-Hardware-based analytics accelerator platform provider XtremeData has released a new database product for analytic queries, dubbed dbX Analytics System, today, Monday, July 27.
Equiduct Gains Citadel Cash, Eyes Retail Flow
LONDON—Citadel Securities, an arm of alternative asset manager Citadel Investment Group, has taken a majority stake in Equiduct Trading, a move that should transform the multilateral trading facility (MTF) after a slow start in the European market, say…
AboveNet Grows U.K. Network
LONDON-Global network service provider AboveNet is expanding its fiber-optic network to meet increasing demand for direct fiber connectivity to a growing numbers of exchanges and multilateral trading facilities (MTFs) located in and around the City of…
AMD to Round Out Istanbul Family with Cloud Offering
NEW YORK-On the heels of last month's introduction of the six-core version of its Opteron processor line, chip maker Advanced Micro Devices (AMD) expects to add an Extremely Efficient (EE) line of processors tailored to the needs of high-density and…
BOX to Add Block Trading in 2010
BOSTON—Operators of the Boston Options Exchange (BOX) expect to roll out a block trading platform early next year, pending regulatory approval, DWT has learned.
Marco Polo to Own Exchange Gateways
NEW YORK-In order to offer its clients better and more secure access to emerging markets, FIX-enabled trading network provider Marco Polo Network is working to establish its own gateways into local exchanges, DWT has learned.
Kyte Group Plans Asia-Pacific Connectivity
LONDON–U.K.-based prime broker Kyte Group will connect to Asian derivatives exchanges later this year, officials tell DWT.
Pipeline Rolls Out European Business
LONDON-Officials at crossing network provider and agency brokerage Pipeline Financial Group, the European business of U.S.-headquartered Pipeline Trading Systems, are in the process of gradually introducing platform functionalities as well as onboarding…
Orc Software Readies Orc Trading Beta
LONDON-Trading platform and market connectivity provider Orc Software will start beta testing the latest version of its electronic trading platform, Orc Trading, in the next few weeks, in preparation for an October launch, according to officials.
FTEN Gets Flying Start in Europe
LONDON-New York-based direct market access (DMA) and trading technology provider FTEN has bolstered its European product offering as it looks to grow its local presence following the appointment of Valerie Bannert-Thurner from Skyler Technology to head…
BMC Debuts Best Practices for Internal Clouds
HOUSTON-To help capital markets firms establish their own internal cloud computing infrastructures, IT and business service management provider BMC Software has released a set of best practices, dubbed the Business Service Management (BSM) platform.
Finding the Trading Platform Middle Ground
Top-tier financial institutions have suffered much over the past year, but their losses may benefit smaller firms, which are well-positioned to pounce. As the transformations brought about by the Markets in Financial Instruments Directive (Mifid) began…