Sell-Side Technology/News
Error KOs NYSE Handhelds
NEW YORK-Floor traders on the New York Stock Exchange (NYSE) found that a server configuration error left their handheld trading devices useless during the market opening last Wednesdy, Aug. 6.
Turquoise Readies for Friday Debut
LONDON-By the end of this week, traders in Europe will have another order routing destination with the expected launch this Friday of the bank-backed multilateral trading facility (MTF) Turquoise, MTF officials tell DWT .
Newedge Consolidates U.S. Operations
NEW YORK-Multi-asset brokerage Newedge plans to complete the integration of all of its operations in the U.S. into one entity, dubbed Newedge USA, by Sept. 1, DWT has learned.
NZX Upgrades Clearing, Adds CCP
WELLINGTON, N.z.-The New Zealand Stock Exchange (NZX) is rolling out a new clearing and settlement system as part of a technology overhaul that includes a new core trading platform.
ClearCube Rolls Out Virtual Infrastructure
AUSTIN, TEXAS-To round out its virtualization strategy, PC-blade vendor ClearCube Technology is set to launch its bundled virtual desktop infrastructure (VDI) offering this week.
TMX Makes Final Quantum Leap
TORONTO-TMX Group, operator of the Toronto Stock Exchange (TSX) and the Montréal Exchange (MX), is now trading solely on its new platform, Quantum, say exchange officials.
Bursa Malaysia Takes DMA Live
KUALA LUMPUR-Bursa Malaysia has implemented its second direct market access (DMA) gateway for its derivatives market, but is experiencing delays in migrating cash equities onto a new platform, say exchange officials.
Nyfix to Release 'Integrated' Ioinet
NEW YORK-Global crossing network provider Nyfix hopes to release within the next six months the integrated version of the Ioinet platform, which Nyfix acquired when it purchased indications of interest (IoIs) network provider Fixcity earlier this year,…
Omgeo to Expand CTM to Derivatives, FX
NEW YORK-Post-trade utility Omgeo plans to offer support for exchange-listed derivatives and foreign exchange (FX) trades on its automated settlement platform Central Trade Manager (CTM) by mid-2009, Omgeo officials tell DWT .
SunGard Eyes Europe with GL Buy
NEW YORK-At press time, SunGard officials announced the vendor's intention to acquire controlling interest in Paris-headquartered rival GL Trade for about €400.7 million ($623.9 million), a move observers say bolsters SunGard's global footprint.
Thomson Reuters in Legal Tussle; RM Stays On
NEW YORK-Users of the Reuters Messaging Compliance Manager (RMCM) are running a new logging and archiving engine developed by Thomson Reuters in conjunction with technology partner Global Relay that was deployed last Tuesday to avert the shutdown of…
ITG's Alasdair Haynes: Maintaining the Cross
The Markets in Financial Instruments Directive (Mifid) introduced multilateral trading facilities and systematic internalizers as new routing destinations for the European markets. With the rise of these new venues, what role do the established crossing…
Weeden Adopts FlexTrade's FlexOMS
NEW YORK-To handle its 162 percent trade volume increase since 2006, institutional brokerage Weeden & Co. has deployed FlexTrade Systems' new FlexOMS platform in the broker's middle and back office, sources tell DWT .
CME Group Preps Brazilian Link
CHICAGO-CME Group, operator of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), is on track with its strategic technology partnership with Brazilian Mercantile and Futures (BM&F), according to exchange officials.
Aqua Eyes Europe
NEW YORK-Alternative trading system (ATS) Aqua is in the process of creating a U.K. entity to broaden its reach to the European markets and to develop a multilateral trading facility (MTF), according to the ATS' leadership.
Wall Street Aces 'Delayed Opening' Test
NEW YORK-In the event of a local or small-scale disaster resulting in a delayed opening, Wall Street firms would be able to respond quickly, according to the results of a recent post-business continuity test survey. Nearly two-thirds of those who…
Appro to Upgrade Cluster Engine
MILPITAS, CALIF.-Enterprise server maker Appro will roll out the second version of its cluster management offering in the latter half of this year, vendor officials tell DWT.
TSE Update Halts Trading
TOKYO-Due to a malfunction in the Tokyo Stock Exchange's (TSE's) derivatives trading platform, traders were unable to execute order for half the day on July 22.