Sell-Side Technology/News
Newedge Extends GL Trade Deal
LONDON-Multi-asset brokerage Newedge is set to consolidate its Paris, New York and Hong Kong operations onto GL Trade's Instant Brokerage platform, which is in place in the broker's U.K. office, officials say.
Liquidnet Preps Four New Algos
NEW YORK-Crossing network provider and agency brokerage Liquidnet is set to roll out four new trading strategies by yearend, DWT has learned.
Carbon Markets Adopt Algo Trading
LONDON-There is now sufficient activity in the European carbon offset market to attract black-box traders, according to European Climate Exchange (ECX) officials.
Iress Rolls Out IOS Plus
MELBOURNE-Iress Market Technology has deployed the next-generation order management system (OMS), Iress Order System (IOS) Plus, to its first institutional client in Australia, DWT has learned.
CSV Creates OTC Auction Portal
NEW YORK-CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter (OTC) instruments.
HSBC Banks 'Best IT Team' AFTA
NEW YORK-Surrounded by friends and colleagues last week, HSBC's IT team won the coveted Best IT Team award at the fourth annual American Financial Technology Awards (AFTAs) for its work in expanding the bank's emerging markets coverage.
Athens Exchange Weathers Riots, Strike
ATHENS-The civil unrest triggered by shooting of a 15-year-old boy and a general strike in the Greek capital put the Athens Exchange on alert; however, the events did not impede exchange operations, say exchange officials.
Panel: Proper Prioritization Key to Survival
NEW YORK-As the global economic crisis deepens and spreads, financial firms need to prioritize their operations and focus on their core business to weather the storm, according to industry participants.
Central Asia to Gain New Exchange
ALMATY, Kazakhstan-A consortium of firms is set launch a commodity exchange in Central Asia-dubbed JSC Eurasian Trading System (ETS)-in the first quarter of next year, according to consortium officials.
CA Cheuvreux to Offer Saudi DMA Trading
PARIS-Through the use of contracts for difference (CFDs), CA Cheuvreux, the brokerage arm of Crédit Agricole, plans to introduce direct market access (DMA) trading capabilities to Saudi Arabia's markets in the first quarter of next year, DWT has learned.
Credit Suisse Expands Asian Crossing
Hong Kong-Credit Suisse plans to roll out its CrossFinder and CrossFinder+ crossing engines to new markets in Asia next year as well as provide new regional post-trade reporting functionalities to the platforms's users in the region, according to bank…
Sophis Readies Platform Revamp
NEW YORK-French cross-asset trading and risk management platform vendor Sophis is set to begin regression and capacity testing for the next version of its products by the start of 2009, vendor officials tell DWT .
Pivot Names John Eley CEO
BOSTON-Secure communications platform provider Pivot has appointed the former CEO of foreign exchange (FX) ECN Hotspot FX John Eley the vendor's new CEO, vendor officials announced today, Dec. 8.
Quod Takes On The Big Apple
NEW YORK-Officials from multi-asset class order management system (OMS) provider Quod Financial have announced today, Dec. 8, that the vendor has launched operations in New York.
Market Crisis Pushes IT Agility
LONDON-The economic downturn is forcing firms to reassess their IT strategies in order to keep ahead of the competition in the coming year, according to industry participants.
RTS Debuts FIX-based DMA System
MOSCOW-In the face of the financial crisis, Russian Trading System Stock Exchange (RTS) officials are working on technology projects in an attempt to lure foreign investors.
Canadian Fragmentation Draws E-Trading Vendors
NEW YORK-Canadian and foreign traders have seen a number of new trading tools pop up to help them exploit the fragmented market structure following the recent introduction of a number of alternative trading systems (ATSes) in Canada.
SuperDerivatives Upgrades Front-End Productivity
NEW YORK-Options and derivatives pricing software provider SuperDerivatives plans to help its sell-side clients deliver and sell more complex derivatives with a new set of productivity enhancement tools that the vendor has added to its trading front end,…
Culture, Service Levels Challenge Grid Adoption
LONDON-Although grid computing has come a long way in terms of evolution, the financial industry still has some substantial barriers to overcome, especially for dynamic and utility computing, according to an industry observer.
29West Eyes In-Memory Additions
NEW YORK-Low-latency messaging products provider 29West is aiming enhance performance in hardware, as well as networking environments by adding in-memory transport in the next release of its Latency Business Messaging (LBM) and Ultra Messaging for the…