Sell-Side Technology/News
HSBC Offers Direct Market Access in Brazil
SÃO PAULO-HSBC has added Brazilian equities to the list of destinations to which it offers direct market access (DMA), officials will announce this week.
SunGard Opens Access To Japanese Markets
NEW YORK-Three Japanese exchanges-the Osaka Securities Exchange (OSE); the Tokyo Commodity Exchange (Tocom); and the Tokyo Stock Exchange (TSE), including its Tdex+ options trading platform-are now enabling remote membership through SunGard's application…
Chi-X Announces Dark Book
LONDON-Pending regulatory approval, multilateral trading facility (MTF) operator Chi-X Europe plans to launch a dark liquidity book later this quarter, MTF officials tell DWT .
Oracle to Acquire Sun Microsystems
SANTA CLARA, CALIF.-In a surprise move to beat out rival IBM and to beef up its own product lineup, database enterprise application behemoth Oracle has agreed to acquire software and hardware vendor Sun Microsystems for $7.4 billion in cash and debt.
Baikal Selects Technology Partner
LONDON-London Stock Exchange (LSE) officials have selected Fidessa to develop order management and smart order routing (SOR) technology for the LSE's dark-liquidity trading platform Baikal, which is set to launch in July.
CME Pushes Back Datacenter Construction
CHICAGO-In order to bring down capital expenditure for this year, exchange operator and technology provider CME Group is delaying the second phase of its datacenter construction project.
Panel: Market Conditions Driving Hybrid Adoption
PARIS-Buy-side firms are currently looking for a more hybrid offering-a combination of electronic tools and high-touch services to address the rising market volatility and widening spreads, according to industry insiders.
Switching Error Leads to NYSE, NYSE Amex 'Self-Help'
NEW YORK-A network switching error that occurred last Tuesday, April 21, saw a number of U.S. market centers declare "self-help" against the New York Stock Exchange (NYSE) and NYSE Amex markets under the terms of Regulation NMS.
Knight Consolidates Electronic Trading
JERSEY CITY, N.J.-Knight Capital Group has developed its own answer to the current global economic downturn-expand and invest.
Pipeline Dives Into Block Options
NEW YORK-In a move to widen its instrument support, block equities crossing network provider Pipeline Trading has recently acquired the assets of block options crossing platform operator 3D Markets in an undisclosed private transaction.
ISE Ready to Go Global
Two years after it was bought by futures exchange operator Eurex, the International Securities Exchange (ISE) is expanding its platforms to a global footprint. DWT editor Rob Daly discusses the ISE's plans to roll out a new global trading platform with…
ITG Releases List-Based Algo to Europe
LONDON-Officials at agency brokerage and crossing network provider Investment Technology Group (ITG) announced today, April 20, the addition of a new list-based algorithm, dubbed Dynamic Implementation Shortfall (Dynamic IS), to the European markets.
Pivot Launches into OTC Natural Gas Markets
JERSEY CITY, N.J.-Secure instant messaging (IM) platform provider Pivot has released today, April 20, Instant Markets for the over-the-counter (OTC) natural gas markets that will consolidate a trader's instant messages into a single market view, DWT has…
Fixnetix Debuts Risk Management Suite
LONDON-U.K.-based low-latency trading connectivity and market data distribution vendor Fixnetix is launching iX-Risk Control, a risk and limit management suite that integrates with its trading connectivity product iX-Trade, direct market data feed iX…
Bids Puts Best Face Forward
As the pace of liquidity fragmentation in the U.S. begins to slow, the players who managed to carve out a piece of the pie must now work harder to maintain their market share. As alternative trading system (ATS) Bids Trading marks two years since its…
InfoReach to Update TMS
CHICAGO-Officials from trading platform provider InfoReach tell DWT that a major upgrade to the vendor's Trade Management System (TMS) is approximately a month away.
Concannon Exits Nasdaq OMX
NEW YORK-After six years with exchange operator and technology provider Nasdaq OMX, Chris Concannon will step down as executive vice president of transaction services at the end of the month, Nasdaq OMX officials recently announced.
Swedbank Readies Nordic Markets SOR
STOCKHOLM-In preparation for the launch of the Nordic multilateral trading facility (MTF) Burgundy on May 8, Swedbank plans to offer a smart order routing (SOR) service to its institutional and retail clients, bank officials announced today, April 20.
Sydbank Revamps Trading Floor
AABENRAA, DENMARK-Danish financial firm Sydbank went live with its redesigned trading floor last week, officials announced today, April 20. The initiative is the foundation of a larger project that aims to unify communications on the bank's trading floor…