Sell-Side Technology/News
Equiduct Trading Sets New Launch Date
LONDON-After pushing back the launch date for Equiduct Trading, the multilateral trading facility's (MTF's) officials expect the venue to go live later this quarter.
Baikal Selects TradElect
LONDON-The London Stock Exchange's (LSE's) dark-liquidity trading platform, Baikal, will run on the exchange's TradElect trading platform and is scheduled to go live in June this year, according to recent industry reports.
European CCP Expands into Spain
LONDON-The European subsidiary of the U.S. Depository Trust and Clearing Corp. (DTCC), the European Central Counterparty (EuroCCP), expects to start offering clearing and settlement of equities from Spain next month.
Experts Predict Portfolio Platform Growth
NEW YORK-The industry is ripe for a growth spurt of portfolio trading technologies and tools to help traders better execute their strategies, according to a recent industry report.
Market Slump Prompts Orc Realignment
STOCKHOLM-Trading technology and connectivity provider Orc Software is set to shut 20 percent of its offices worldwide as well as implement a 15 percent reduction to its workforce, according to vendor officials.
Reliance Expands With MTF Hat Trick
NEW YORK-In an effort to expand its services in Europe, network provider Reliance Globalcom has connected its Ethernet-based financial extranet, FinancialConnect, to three multilateral trading facilities (MTFs), vendor officials announced today, Jan. 26.
StanChart Rolls Out FX Aggregation
SINGAPORE-Standard Chartered Bank (StanChart) has completed the first phase of its implementation of Progress Apama technology by going live in four cities on the vendor's foreign exchange (FX) liquidity aggregator.
UNX Adopts 4th Story
NEW YORK-Direct market access (DMA) clients of agency brokerage UNX now have access to trading algorithms via automated-trading technology provider 4th Story's 4S.BlueRidge algorithm trading server, vendor officials announced today, Jan. 26.
Fidessa Launches Boutique Platform
NEW YORK-Order management system (OMS) and market connectivity provider Fidessa announced the launch of its new Maax trading platform, targeted at the growing number of boutique institutional agency brokers, today, Jan. 19.
NYSE Euronext Launches Unified Order Book
PARIS-Exchange operator NYSE Euronext has reached a recent milestone in consolidating its order books. Traders on the Amsterdam, Brussels and Paris bourses can trade on a single consolidated order book.
LSE Adds to Baikal Management Team
LONDON-The London Stock Exchange (LSE) has shed more light on its Baikal dark-liquidity trading platform, announcing two senior appointments to the business.
HKEx Plans to Double Futures Capacity
HONG KONG-Hong Kong Exchanges and Clearing (HKEx) plans to increase capacity on its derivatives trading system by 50 percent by the end of the year and begin developing a next-generation trading system for its securities market over the next three years,…
Client Goes Live with Tervela, FIX Flyer
NEW YORK-An unnamed global investment bank is in production with a deterministic order-routing architecture that enables it to provide clients with service-level agreements on messaging between the broker-dealer and local cash equities exchange,…
Thomson Reuters Adds Risk Event Indices
LONDON-Market data provider Thomson Reuters announced at press time that it has rounded out its stable of machine-readable newsfeeds with its new NewScope Event Indices (NEI) datafeed.
Nasdaq OMX's Genium Imminent
STOCKHOLM-The long-anticipated implementation of exchange platform provider and operator Nasdaq OMX's Genium trading platform is slated for the second half of this year, with a number of clients taking the platform live in 2010, officials tell DWT .
Trayport Readies for Algorithmic Trading
LONDON-Although the commodities markets are still in the early stages of adopting algorithmic trading, commodities trading platform provider Trayport is busily readying its broker platform, Trader Gateway, to handle the expected increase in volume, DWT…
Nyfix Debuts IoI Network
NEW YORK-Global alternative trading system operator Nyfix announced today, Jan. 19, that it has completed its integration of European FIX-based indications of interest (IoIs) network provider Fixcity and has launched its re-branded Nyfix Ioinet liquidity…
Marketcetra Releases Open-Source OMS
SAN FRANCISCO-Open-source platform provider Marketcetra plans to announce later this week the general availability of its Marketcetra Automated Trading Platform, DWT has learned.
Manual FX Processing Proves Costly
BOSTON-Corporates trades are at the root of the majority of post-trade processing costs at small banks, according to technology vendors.
Nasdaq OMX Readies BX Quote
NEW YORK-Exchange platform provider and operator Nasdaq OMX plans to launch its second protected quote for the U.S. cash equities markets, dubbed Nasdaq OMX BX, this Friday, Jan. 16.