Sell-Side Technology/News
Front-Office Quant Spending to Increase
BOSTON-Traders in the front office need to make room for quantitative analysts, as the role of the model-generators has shifted in the past several years, according to a recent report on alpha-generation platforms from research firm Aite Group.
Algos to Solve FX Fragmentation
NEW YORK-Systematic and algorithmic trading could be implemented to combat the liquidity fragmentation in the electronic foreign exchange (FX) space, according to an industry insider.
TraderTools Adopts SmartTrade LMS
NEW YORK & PARIS- Foreign exchange (FX) trading technology vendor TraderTools has adopted SmartTrade's STTP 5.5 liquidity management system for use within its Liquidity Management Platform, say vendor officials.
Landsbanki Kepler Debuts GL Trade's SOR
PARIS & LONDON-European investment bank Landsbanki Kepler has gone live with GL Trade's smart order routing (SOR) technology, say officials.
Minerva Gains Credit Suisse FX Algos
LONDON-Credit Suisse has integrated foreign exchange (FX) smart routing and algorithmic execution strategies into Fidessa LatentZero's Minerva order and execution management system (OEMS), with the bank's Advanced Execution Services (AES) FX, vendor…
Misys Eyes Latin American Operations
NEW YORK-Technology and software vendor Misys is expanding its operations in Latin America by beefing up its operations in the Brazilian market, DWT has learned.
StreamBase Expands Reuters Integration
NEW YORK-Complex event processing (CEP) software vendor StreamBase Systems is planning enhancements to its StreamBase Reuters Edition (SRE), a development framework for building applications utilizing data from Thomson Reuters' Reuters Market Data System…
Plus Markets Leaps into Dark Pools
LONDON-U.K.-based equity stock exchange Plus Markets expects to launch a dark pool of liquidity for small- and mid-cap issues, according to officials. The initiative is part of a number of projects that will be officially announced in the coming weeks…
Eurex Targets Risk In Next Upgrade
FRANKFURT-German derivatives exchange Eurex plans to add improved risk and clearing functionalities in release 11 of its exchange platform, slated for a Nov. 9 rollout, say bourse officials.
Sophis Increases TRS Support
NEW YORK-Clients using the Risque and Value offerings from French cross-asset trading and risk management platform vendor Sophis will soon have further enhancements for trading total-return swap (TRS) products.
Speakerbus Debuts I Turret
LONDON-Trading floor communications system provider Speakerbus announced today, June 30, that it has entered the turret market with its first voice over IP (VoIP)-based turret, DWT has learned.
Archangel Takes Full Flight
NEW HOPE, PA.-Alternative trading system (ATS) Archangel from software and network provider 3D Markets has gone into full production, officials tell DWT .
SDB Deploys VoIP on Its Trading Floor
SHENZHEN-Shenzhen Development Bank (SDB) has rolled out voice over IP (VoIP) turrets from trading communications vendor IPC for the bank's centralized China trading floor, sources tell DWT .
IP Trade to Add Video
NEW YORK-Traders using turrets from IP-based trading communications platform provider IP Trade will soon be able to hold video conferences on the trading floor.
LSE, Lehman Brothers Go Dark
LONDON-The London Stock Exchange (LSE) and Lehman Brothers have entered the dark liquidity fray as the exchange and investment bank have partnered to develop a new multilateral trading facility (MTF) for non-displayed orders.
Customization Key to Algo Growth
LONDON-When it comes to trading algorithms, off-the-rack solutions aren't cutting it in the competitive market as more buy-side clients demand bespoke solutions, say industry insiders.
DSM Turns to NYSE Euronext for Tech
NEW YORK & DOHA, QATAR-In a significant, yet somewhat expected, move into the Arab Emirates, NYSE Euronext has purchased a 25 percent stake in the Doha Securities Market (DSM).
Nordic Firms to Launch MTF
STOCKHOLM-Competition in the Nordic markets is heating up as a consortium of Scandinavian banks announced the formation of a new multilateral trading facility (MTF) that plans to dethrone Nasdaq OMX as the dominant market in the region.
SunGard Upgrades Front Arena
LONDON-Software and services vendor SunGard plans to debut the latest version of its Front Arena trading platform, DWT has learned.