Sell-Side Technology/News
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.
MF Global Taps Iress for CFDs
SINGAPORE-In order to broaden its direct market access (DMA) offering for contracts for differences (CFDs) in the Asian markets, broker MF Global has recently deployed the browser-based equity trading portal from trading platform provider Iress,…
Experts: Firms to Increase Offshoring in 2009
LONDON-Financial firms will look more for low-cost IT centers in 2009 as the demand for services that help them to reduce their IT operating costs increases, according to an industry observer.
Pure Trading Readies For New Year
As the European and Asian markets mature, broker-dealers and investment banks look north of the U.S. border for their next frontier. DWT U.S. reporter Oksana Poltavets sits down with Richard Carleton, vice president of corporate development for CNSX…
BarCap Reaches Integration Milestone
LONDON-The investment banking division of Barclays Bank, Barclays Capital (BarCap), has recently completed a major phase in its integration of systems acquired from defunct Lehman Brothers, according to officials.
Direct Edge Vies for Exchange Status
JERSEY CITY, N.J.-In the latest bout of exchange applications, ECN operator Direct Edge plans to formally file for dual exchange licenses with the U.S. Securities and Exchange Commission (SEC) in a matter of weeks.
SunGard Rebrands GL Trade
PARIS-As part of its integration effort, trading software and services giant SunGard has changed the name of recently acquired Paris-based exchange connectivity and trading platform provider from GL Trade to Global Trading, vendor officials tell DWT .
Do More Than Just Keep the Lights On
The new mandate for successful investment banking technology architectures is clear-they have to be fast, flexible and cheap. We live in interesting times. Program trading volumes continue to climb while the world is in the worst recession in more than…
The Tech Year Ahead
Wall Street as we know it has changed forever. We'll remember 2008 for the struggle and demise of some of the largest and most venerable institutions, with spikes in equity market volume and volatility the likes of which we have never seen. Technology…
Mining for Power-Saving Gold
This year IT needs to lean down. Effectiveness, efficiency and cost deferral will play a much larger role in decision-making as IT budgets flatten or shrink. For many IT shops, substantially increasing their energy efficiency is a matter of picking up…
IT Trends, Challenges in Energy Trading
Last year saw massive volatility in energy and commodity markets, the credit contraction-and the resulting decrease in market participants-and increased regulatory scrutiny. This is the context for 2009 where we can see continual improvements in…
Economic Woes Drive Asian Exchange Upgrades
HONG KONG-The harsher economic climate in 2009 means that Asian exchanges have a greater imperative to upgrade core exchange technology in order to be more competitive globally, according to the authors of a recently released white paper from industry…
HSBC Eyes End of Derivatives Platform Migration
LONDON-As part of its continuing initiative to standardize platforms across the bank, HSBC is nearing the completion of the move of its global cash derivatives business onto its Fidessa order management system (OMS), DWT has learned.
Correlix Debuts Multi-Route Engine
NEW YORK-Real-time network latency monitoring platform provider Correlix released its latest version, version 1.5, of its Latency Intelligence offering today, Jan. 5, vendor officials tell DWT .
Making FIX Fly
To survive in the tumultuous economy and to stay relevant to the industry it serves, FIX Protocol Ltd. (FPL) has adapted to meet changing times. DWT U.S. reporter Oksana Poltavets sits down with Ryan Pierce, FPL's new technical director, to discuss his…
Aleri Streaming Platforms to Gain Modularity
CHICAGO-Users of Aleri's complex event processing (CEP) engine will have an easier time running multiple projects as the vendor plans on adding modularity capabilities to its modeling tools and language in the next release of the Aleri Streaming Platform…
Data Sync Error Halts Toronto Trading
TORONTO-A glitch that caused a synchronization problem between primary and secondary data feed generators for Toronto Stock Exchange (TSX) and the TSX Venture Exchange gave traders an unexpected day off as the exchange operator, TMX Group, halted trading…
RTS Integrates MatLab
CHICAGO-Users of the RTD Tango algorithmic trading platform from RTS Realtime Systems are now able to perform computationally intensive tasks faster with the integration of The MathWorks' MatLab platform, officials tell DWT .
Gaming Recruitment
Finding fresh talent is never an easy task, but U.S. broker-dealer Interactive Brokers has found a novel way to raise interest in financial technology and scout potential new hires: the Interactive Brokers Collegiate Trading Olympiad. DWT editor Rob Daly…