Sell-Side Technology/News
Calypso Technology Updates Fast-Track
SAN FRANCISCO-Trading software vendor Calypso Technology has released today, Sept. 15, Fast-Track version 2, the latest version of its preconfigured application environment designed to expedite deployment of Calypso's offerings.
ASCI Readies ActiveBatch Release
MORRISTOWN, N.J.-Job-scheduling software vendor Advanced Systems Concepts Inc. (ASCI) will release the newest version of its ActiveBatch platform by yearend, vendor officials tell DWT .
Tokyo Market Gears Up for Platform Change
TOKYO-The Tokyo Financial Exchange (TFX) and Osaka Securities Exchange (OSE) are in the process of replacing their respective trading platforms.
LSE Trading Halt Reveals Dependencies
LONDON-The European market got an unexpected wake-up call last week when, due to a confluence of events that affected connection stability between London Stock Exchange (LSE) members and the exchange's gateway, traders were unable to complete orders in…
CantorCO2e Preps Web-based CER Auction
LONDON-Officials from CantorCO2e, a member of the Cantor Fitzgerald group of companies, plan to hold their first online auction for certified emission reductions (CERs) using the firm's new Web-based auction platform on Oct. 2.
Omgeo Moves to Collateral Management
NEW YORK-Industry utility best known for automating post-trade settlements has its eyes on the over-the-counter (OTC) derivatives markets with the acquisition of collateral management platform vendor Allustra and an exclusive licensing agreement with…
MUSI Takes RAP for Algo Rates Trading
LONDON-Mitsubishi UFJ Securities International (MUSI), the European hub of the global securities and investment banking business of Mitsubishi UFJ Securities Co., is finding new rates trading opportunities after implementing Real-time Analytics Platform …
New Members, New Access
The importance of various global markets wax and wane in response to the credit market crunch, and access to the Swift network has never been more important for financial institutions and corporations. DWT editor Rob Daly speaks with David Pryce, deputy…
Latency in Mind, LSE Debuts Hosting Service
LONDON-The London Stock Exchange (LSE) launched an exchange hosting service last week to tackle latency.
Report: Algos Face Uphill Battle in FX Landscape
BOSTON-Although the foreign exchange (FX) market has adapted to electronic trading, the industry might not see a proliferation of broker-provided execution algorithms in the short to medium term, according to an impact note from research firm Aite Group.
Deutsche Börse Targets Algo Trading
FRANKFURT-Deutsche Börse expects to attract more cash market algorithm-based trading to its Xetra platform with a series of technology improvements set to be implemented in the rest of this year and in 2009, according to officials.
Nasdaq OMX Europe Teams with Citi
LONDON-Pan-European multilateral trading facility (MTF) Nasdaq OMX Europe, scheduled to go live Sept. 26, has partnered with Citi to provide broker routing services.
Turquoise Suffers Connectivity Glitch
LONDON-Newly launched multilateral trading facility (MTF) Turquoise experienced a service interruption Monday, Sept. 1, after a failure in one of its firewalls triggered automatic failover capabilities, redirecting trading firms to its secondary firewall.
New Challenges for an Old Exchange
European reporter Joel Clark of Waters magazine, the sibling publication of DWT , sat down with David Lester, CIO of the London Stock Exchange, for an inside look at the venerable bourse.
BOCI Adopts CEP Platform from Progress
BEDFORD, MASS.-BOC International Holdings Ltd. (BOCI), the wholly owned investment bank of Bank of China, has selected application infrastructure software provider Progress Software's Progress Apama complex event processing (CEP) platform, the vendor…
JSDA Readies New OTC Reporting Platform
TOKYO-In October, Japanese brokerages must report over-the-counter (OTC) trades within five minutes of execution rather than at the end of the day to a new reporting platform that will replace the current system run by the Jasdaq Securities Exchange,…
Adaptivity Redesigns Bank IT Platform
CHARLOTTE, N.C.-A top-tier capital markets firm has called in IT strategy and consultancy Adaptivity to aid the firm in the redesign of its technology platform, DWT has learned.
Fragmentation Spurs Algo Re-Think
LEXINGTON, Mass.-The proliferation of trading venues is making firms adapt algorithmic trading strategies by taking a more entrepreneurial approach in their development, according to an industry insider.