Sell-Side Technology/News
Building for Better Service
As the intergration work between the brokerage activities of Société Générale (SocGen) and Calyon Financial to form Newedge nears completion, the broker-dealer looks to focus on other issues. DWT European reporter Cecilia Bergamaschi sat down with…
Citi Sets September Migration Deadline for Velocity
NEW YORK-Citi will complete the migration of all clients to CitiFX Velocity, from incumbent foreign exchange (FX) e-commerce system CitiFX Trade, by mid-September, according to a senior official.
IPC Cuts Staff, Reassesses Strategy
LONDON-After recently downsizing, trading floor communications technology provider IPC Systems is in the process of redefining its business strategy, DWT has learned.
Portware Readies New Options Front End
NEW YORK-Execution management system (EMS) provider Portware is currently testing a new options front-end trading system, dubbed Portware Options, slated to be released between the end of the third quarter and the beginning of the fourth quarter this…
ClearSight Scraps Cronos 2.0 Development
FREMONT, CALIF.-Network monitoring technology provider ClearSight Networks has scrapped plans to finish developing the second phase of its Cronos product, according to vendor officials.
IP Trade Expands Asia Business
NEW YORK-In order to expand its business into new markets, Internet protocol- (IP)-based trading communications platform provider and turret vendor IP Trade will open a new office in Asia later this summer, DWT has learned.
FFastFill Expands Asia-Pacific Markets Footprint
LONDON-To deliver better performance to its customers in the Asia-Pacific (Asia-Pac) markets, electronic-trading software provider FFastFill plans to add three new datacenters in the region that will host its software-as-a-service (SaaS) offerings.
TNS Preps New Canadian PoP
TORONTO-Telecommuni- cations network and services provider Transaction Network Services (TNS) is in the process of relocating one of its two Toronto points of presence (PoPs) to a new facility, DWT has learned.
Alpes Broadens Apama CEP Use for Risk
SÃO PAULO-To aid in its entrance to high-frequency trading on the Brazilian BM&FBovespa electronic exchange, local broker-dealer Alpes Corretora de Câmbio, Títulos e Valores Mobiliários plans to develop post-trade risk management strategies using complex…
GigaSpaces Technologies Debuts XAP Upgrade
HERZLIYA, ISRAEL-In a bid to improve application scalability, grid computing vendor GigaSpaces Technologies plans to announce this week the availability of version 7.0 of its eXtreme Application Platform (XAP), officials tell DWT .
BOX Relocates New Jersey Datacenter
BOSTON-The Boston Options Exchange (BOX) has signed a four-year contract to host its primary matching engine and data distribution technologies in a Secaucus, N.J.-based datacenter operated by Equinix, according to exchange officials.
Bats Exchange Looks to Trade Options From 2010
KANSAS CITY, MO.-After several months of research and planning, operators of the Bats Exchange plan to file rule changes around the end of August with the U.S. Securities and Exchange Commission (SEC) to commence options trading in 2010.
Eurex Looks East and West
As exchange mergers and partnerships become the norm, DWT European reporter Cecilia Bergamaschi sits down with Thomas Lenz, Eurex executive board member responsible for operations, to discuss the bourse's global technology and connectivity strategy.
Citi Adopts TradeSmart, Sunsets LavaX
NEW YORK-Global banking giant Citi has chosen to replace its internally developed single-stock LavaX execution management system (EMS) in favor of deploying the hosted multi-asset class TradeSmart platform from EMS provider TradingScreen.
Algorithmics Enhances Real-Time Risk Product
TORONTO-Financial risk management software provider Algorithmics is preparing to launch a new version of its Counterparty Credit Risk product, with enhancements in real-time risk management, in October this year, officials tell DWT .
New Display Book Cuts NYSE Equities Latency
NEW YORK-Traders on NYSE Euronext's NYSE Equities platform can now get their trade executed and reported within 5 milliseconds, claim exchange officials.
Tradeware Streamlines Reporting
NEW YORK-Electronic global equity market access provider Tradeware Global plans to provide its clients standard end-of-day reports before the end of the year.
UNX Readies Catalyst EMS Release
NEW YORK-Agency broker and technology provider UNX will go live with its new hosted broker-neutral execution management system (EMS), dubbed Catalyst, within a month, DWT has learned.
Nasdaq OMX Sets 144A Alliance Launch
NEW YORK-Global exchange operator Nasdaq OMX and a consortium of nine major global investment banks are preparing to announce the official formation of a business alliance to trade 144A securities on Nasdaq OMX's Web-based Portal platform.