Sell-Side Technology/News
Panel: Should Firms Connect to Every Venue?
LONDON-As the number of multilateral trading facilities (MTFs) in Europe increases, firms face a dilemma: Should they connect to all venues?
StanChart Deploys FX Aggregator
SINGAPORE-Standard Chartered (StanChart) has gone live with a liquidity aggregator developed by Progress Apama for its FX electronic pricing and trading division in Singapore, bank officials tell DWT.
InfoReach Goes High-Frequency
NEW YORK-Traders using the execution management system (EMS) from electronic trading technology vendor InfoReach now have the ability to create high-frequency trading strategies on the same system.
Fixnetix Selects Corvil To Monitor Latency
LONDON-U.K.-based low-latency trading connectivity and market data-distribution vendor Fixnetix is deploying CorvilNet from networking and latency management tools vendor Corvil, to monitor latency and demonstrate record performance speed to its…
Citi Preps European Cross
NEW YORK-Investment banking giant Citi plans to roll out its Citi Match crossing network in Europe early next year, DWT has learned.
Q3 Turmoil Pushes Electronic Execution
NEW YORK-Many banks have been piling up record losses over the tumultuous third quarter, but it has been a boom for their electronic execution businesses across the spectrum.
MTF Growth Expected to Be Short-Lived
LONDON-Multilateral trading facilities (MTFs) continue to sprout up in Europe, but many industry participants expect that venue consolidation is just around the corner.
Enigmatec Spins Off Cloudsoft
EDINBURGH-Duncan Johnston-Watt, a founder and CTO of datacenter automation vendor Enigmatec, has launched a new startup that will focus on delivering enterprise-cloud services to the financial services industry.
Not Waiting Until the Thaw
As the credit freeze continues to affect the globe, some of the hardest-hit markets, such as the multi-asset class over-the-counter (OTC) markets, aren't waiting for credit to be loosened to expand their offerings. DWT reporter Oksana Poltavets sits down…
Savvis Expands Euro Proximity Service
LONDON-Network and hosting facilities provider Savvis is building out its proximity service in Europe with the addition of a managed hosting and low-latency connectivity service to provide investment firms with access to all European multilateral trading…
Misappropriated Spending Hampers BCP
NEW YORK-The money currently being spent on business continuity planning (BCP) and disaster recovery may be completely ineffective, according to an industry specialist.
DTCC, LCH.Clearnet Seek Merger
NEW YORK & LONDON-In an attempt to create a transatlantic clearinghouse, the Depository Trust & Clearing Corp. (DTCC) and LCH.Clearnet Group recently announced their intention to form a new clearinghouse that would be user-owned, user-governed and…
BofA Announces Transition Team
NEW YORK-Executives from Bank of America (BofA) have announced that Brian Moynihan, president of global corporate and investment banking for Bank of America, and Tom Sanzone, executive vice president and chief administrative officer (CAO) for Merrill…
Aegisoft Expands Monitoring in AthenaTrader
NEW YORK-Custom trading and testing software provider Aegisoft will add new tools to the next release of its AthenaTrader product that will be aimed at letting the end user have greater control of their foreign exchange (FX) trades, DWT has learned.
Coral8 Updates Engine
MOUNTAIN VIEW, CALIF.-Customers of Coral8, a provider of complex event processing (CEP) software, should be able to deploy live analytic applications that provide up-to-the-moment business intelligence on market and trade data quicker with the latest…
Bats Europe Gains FSA Approval
LONDON-Bats Trading, operator of the U.S.-based exchange Bats, has received authorization from the U.K. Financial Services Authority (FSA) to operate a multilateral trading facility (MTF) in Europe.
BOX Targets Blocks
BOSTON-Operators of the Boston Options Exchange (BOX) expect to offer their clients the ability to trade block orders by the beginning part of 2009, DWT has learned.
CNQ Loses Horizon
TORONTO-The Canadian Trading and Quotation System (CNQ), an exchange for the Canadian micro-cap stock market, was implementing a new trading system as DWT went to press on Oct. 17.