Sell-Side Technology/News
NYSE Euronext Takes TradeEngine to Floor
NEW YORK-Exchange operator and technology provider NYSE Euronext has signed a partnership agreement with quantitative financial software provider Pragma Financial Systems to provide New York Stock Exchange (NYSE) floor traders with a suite of trading…
Knight Readies New London Floor
LONDON-In an effort to grow its European operations, broker-dealer Knight Capital Group is in the process of building out a new trading floor in London, DWT has learned.
Thomson Reuters to Keep Desktop Lines
NEW YORK-Trading systems and market data provider Thomson Reuters plans to maintain support for its Thomson One and 3000 Xtra trading desktops for the foreseeable future, say officials, commenting on the vendor's product integration roadmap.
Charting Fragmented Liquidity
As European trading venues continue to proliferate as a result of the Markets in Financial Instruments Directive (Mifid), investment banks are finding new challenges in keeping up with the changing landscape.
HP Debuts Datacenter POD
NEW YORK-Joining the flock of its hardware and services competitors, Hewlett-Packard (HP) has released its datacenter-in-a-container product.
Analyst: SOR Still Gathering Traction
NEW YORK-Smart order routing has not become "super critical" in the European markets yet, but it will be critical in the future, according to an industry observer.
Survey: Cloud Becomes Reality for Banks
LONDON-Most large investment banks have implemented or are in the process of adopting cloud computing, according to an industry observer.
Risk Management Hampers International DMA
WASHINGTON, D.C.-Pre-trade risk analysis and management concerns about international direct market access (DMA) fall partially on the traders, according to members of the U.S. Commodity Futures Trading Commission (CFTC).
Swift Vies for Wider SwiftNet
NEW YORK-Banking cooperative Swift is working to make connectivity more efficient for its users by striking relationships with other industry bodies in order to access products and services from the other firms via the SwiftNet infrastructure, say…
Glitch Delays JSE Open
JOHANNESBURG-A networking issue forced South African stock exchange JSE Limited to delay the opening of its equities market Monday, July 14 by approximately six hours. Trading resumed at 3:10 p.m. local time with trading hours extended to 7 p.m., say…
Applications: New Latency Culprits
LONDON-Investment banks wanting to wring the last milliseconds of latency out of their trade processes need to look to optimize their application software stack rather than their networks, according to new research recently published by networking…
TT Eyes Additional Hub in Asia
NEW YORK-Futures trading platform and exchange connectivity provider Trading Technologies International (TT) is looking to open its seventh global hub in Hong Kong, vendor officials tell DWT .
RTS Readies New FIX Gateway
MOSCOW-The Russian Trading System Stock Exchange (RTS) plans to implement a FIX gateway, which uses version 4.4 of the messaging protocol, and have it in production by the end of August, DWT has learned.
Smart Trade Goes Dark
NEW YORK-In a defensive move, cross-asset liquidity management system (LMS) provider Smart Trade Technologies will soon have a dark pool as an option for its European customers when routing orders, DWT has learned.
Newsflows Now a Necessity
LONDON-According to a recent white paper commissioned by Thomson Reuters on the role of news feeds in algorithmic trading, 65 percent of those surveyed say they could increase trading profits through automatic trading on news and 75 percent say it was…
ISE Updates SOR Engine
NEW YORK-In an effort to gain more control over its technology, the International Securities Exchange (ISE) has rolled out its own order routing system for its options exchange.
NSX Suffers FIX Outage
CHICAGO-A glitch in one of the 10 FIX engines at the National Stock Exchange (NSX) caused a disruption in connectivity last Tuesday.
Power, Latency Still Top CPU Priorities
LONDON-Reducing energy consumption as well as latency are key requirements from sell-side firms when it comes to processors, according to an industry insider.
Equiduct Eyes September Launch
LONDON-Aiming for a soft launch by the end of September, multilateral trading facility (MTF) Börse Berlin Equiduct Trading officials are now in the process of onboarding members and fine tuning the technology, officials tell DWT .