Sell-Side Technology/News
BarCap Selects Caplin for Fixed Income
LONDON-Barclays Capital (BarCap), the investment banking division of Barclays Bank, has selected Caplin Systems' Web-based trading application for BarCap's Fixed Income eCommerce offering, officials announced today, Oct. 20.
Icap Plans to Launch MTF
LONDON-Interdealer broker Icap is one step closer to achieving exchange status as it prepares to deploy a new multilateral trading facility (MTF), according to officials.
Open Source Gains in Front Office
NEW YORK-In an effort to bring open source to the sell side, open-source order management system (OMS) developer Marketcetera is teaming with professional services firm dbConcert to create a services package for broker-dealers, officials tell DWT.
Turquoise Taps Corvil for Latency
DUBLIN-European multilateral trading facility (MTF) Turquoise has selected an offering from networking and latency management tools vendor Corvil to monitor latency within its London market center.
360T Adds Multi-Leg Swaps
FRANKFURT-Multi-dealer trading platform vendor, 360 Treasury Systems (360T) introduced multi-leg foreign exchange (FX) swap trading on its cross-product trading platform, 360T TEX, in response to client demand today, Oct. 13, according to vendor…
Asia Passes U.S. in 2009 IT Spending Growth
HONG KONG-Asia is expected to hold steady, while IT spending in the U.S. will likely slow next year to more than originally expected, according to a recent report published by Forrester Research.
TSEC Consults NYSE for Platform Update
TAIPEI-The Taiwan Stock Exchange (TSEC) has entered into an IT assessment cooperation with NYSE Euronext. The design consultation involves a comparison of TSEC's current trading platform and that of the New York Stock Exchange (NYSE), according to TSEC…
Tocom Readies Co-Location
TOKYO-Staring in May 2009, commodity traders on the Tokyo Commodity Exchange (Tocom) will have the option to co-locate their servers in the exchange's datacenters, say officials
Chi-X Debuts Sponsored Access
LONDON-Clients of Chi-X Europe's trading participants are now able to connect directly to the multilateral trading facility's (MTF's) core matching engine, according to MTF officials.
Fragmentation Leads to Spending Uptick
LONDON-Brokerage firms are expected to increase IT spending by 3 percent compound annual growth rate (CAGR) for the next two years in Europe as the market continues to fragment, according to the authors of a recent study. Brokers are anticipated to spend…
Knight Quests for Rendezvous' Replacement
NEW YORK-Knight Capital Group is beta testing an internally developed messaging software that the firm plans to roll out later in the fourth quarter of this year to replace existing layers including its Tibco Rendezvous messaging layer, according to…
SunGard, Fidessa Add Global Equities Execution
NEW YORK-In the drive to meet growing client demand for trading on international markets from the U.S., SunGard and Fidessa have added capabilities to trade cash equities markets outside the U.S. to their respective order management systems (OMSes),…
MTFs Continue to Bank on EMCF
LONDON-Despite the forced acquisition of Fortis Bank Nederland by Dutch authorities, multilateral trading facilities (MTFs) relying on the European Multilateral Clearing Facility (EMCF), which is run by the bank, will continue regular operations,…
Baxter to Add Algos
NEW YORK-Customers trading on the Baxter ECN from venue operator and foreign exchange (FX) technology provider Baxter Financial Services will have algorithmic capabilities by the end of the year, DWT has learned.
Icap Expands i-Cross to Europe
LONDON-Interdealer broker Icap is in the process of expanding its low-latency connectivity service, i-Cross, to datacenter hosting provider Equinix's London-Slough Internet Business Exchange (IBX) datacenter, officials announced today, Oct. 6.
Marco Polo Delivers Trading Front Ends
NEW YORK-As part of an ongoing initiative to expand its footprint within the emerging markets, FIX-enabled trading network provider Marco Polo Network announced today, Oct. 6, that it will be bundling the IMTrader secure instant messaging and trade…
BNY ConvergEx Taps StreamBase CEP
NEW YORK-Agency brokerage BNY ConvergEx has rolled out complex event processing (CEP) software from Lexington, Mass.-based technology provider StreamBase to monitor trading and market data in its U.S. equities trading operations.
New Tech and Planning Deliver Lower Latency
LONDON-Financial firms are facing opposing forces in the latency battle, according to industry participants. Organizations are attempting to reduce costs but also to increase speed in a scenario where data volumes require more system capacity, they say.
Leadership Key for IT Hires
NEW YORK-As firms on Wall Street grapple with the current turmoil in the financial markets, they are looking to well-rounded IT professionals to help get them through it, according to industry experts.
Hybrid Demand Continues to Dominate Fixed Income
BOSTON-Despite the proliferation of electronic trading platforms in fixed income, the hybrid model is still the most sought-out approach, according to industry watchers.