Sell-Side Technology/News
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.
Pivot Gains Weather Support
NEW YORK-Straight through processing (STP) of weather derivative trades is a step closer to reality as secure instant messaging provider Pivot launched the Instant Market module for its Pivot 360° platform today, June 30.
FPL Eyes Exotic Options in SP2
NEW YORK-Exotic options traders can expect to see a little added connectivity support as FIX Protocol Ltd. (FPL) plans to release its second service pack for FIX 5.0 in early 2009, officials tell DWT .
LSE to Double TradElect Capacity
LONDON-The London Stock Exchange (LSE) is set to double the messaging capacity of its TradElect platform to 10,000 messages per second by September and to 20,000 messages per second in October, say exchange officials.
ITG Aims for a Global Triton
NEW YORK-Agency brokerage and crossing network provider Investment Technology Group (ITG) plans to deliver a global version of its Triton execution management system (EMS) sometime in the second half of this year, DWT has learned.
IDX Preps for X-stream Launch
JAKARTA-The Indonesia Stock Exchange (IDX) is set to have a new X-stream multi-product trading system from exchange operator and technology provider Nasdaq OMX in production by Dec. 1, IDX officials tell DWT .
Sales Traders Here to Stay
NEW YORK & LONDON-Although the use of sales traders across European markets will continue to decline, the belief that the European sales trader is no longer in wide use is unfounded, according to recently published Tabb Group research.
GT Software to Launch Ivory Update
ATLANTA-Service-oriented architecture (SOA) software developer GT Software plans to release version 4.0 of its SOA development environment for mainframes, Ivory Service Architect, later this week.
SocGen Debuts European SOR
LONDON-Société Générale Corporate & Investment Banking (SocGen CIB) has gone live with order management system (OMS) and market data provider Fidessa's smart order routing technology in Europe, officials announced today, June 23.
NYSE Euronext Set for Specialist Change
NEW YORK-In preparation for a potential rule change by the U.S. Securities and Exchange Commission (SEC) that will transform New York Stock Exchange (NYSE) floor specialists into designated market-makers (DMMs), NYSE plans to roll out a new trading…
Boston Options Exchange Readies Blackbox Changes
NEW YORK-Operators of the Boston Options Exchange (BOX) plan to entice more black-box and algorithmic traders to the options exchange by increasing its trade messaging performance three- to four-fold by December, say exchange officials.
Efficiency Reaps Rewards for BarCap
By implementing a new operating model for the firm's global IT organization, Barclays Capital (BarCap) saved $60 million in expenses through 2007. Waters reporter Emily Fraser sits down with Richard Greenbaum, managing director, head of global IT…
Credit Crunch Drives HPC
NEW YORK-With the credit crunch tightening, the demand for high-performance computing (HPC) has been growing at a dramatic rate across the enterprise within the capital markets, say the authors of recent Microsoft-sponsored survey by Washington, D.C…
Low-Latency Investment Picks Up
LONDON-The low-latency game is attracting a broader range of players, including firms that are not typically speed-sensitive but that want to gain competitiveness, according to industry participants.
TSEC Preps for FIX Selection
TAIPEI-In plans to roll out a new FIX gateway during the first quarter of 2009, the Taiwan Stock Exchange (TSEC) has narrowed its choice to two potential providers, says exchange officials.
Open Source Cuts Hotspot FX Latency
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group has reduced roundtrip times by two-thirds on its electronic foreign exchange (FX) venue Hotspot FX by switching to an open source FIX gateway, say ECN officials.
Equiduct Set for July Launch
BERLIN-Trading on multilateral trading facility (MTF) Börse Berlin Equiduct Trading is expected to begin in July, MTF officials tell DWT .
Calyon to Open New IRD Channel
LONDON-The corporate and investment bank of the Crédit Agricole Group, Calyon, plans to launch a single-dealer portal for its interest rates derivatives (IRDs) and other fixed-income instruments, which should go live next year.
Fidessa Rolls Out Intelligent Liquidity Access
NEW YORK-In an effort to level the playing field for its clients, order management system (OMS) and market connectivity provider Fidessa has launched its Intelligent Liquidity Access strategy today, June 16.