Sell-Side Technology/News
Merrill Adds Prime Brokerage to RealTick
NEW YORK-Global financial firm Merrill Lynch has tapped execution management system (EMS) provider Townsend Analytics to provide its integrated electronic trading and prime brokerages services to its hedge fund clients, officials have announced today,…
Low Latency Optional for Firms
LONDON-Prior to deciding to invest in low-latency technologies, firms should carefully assess how important the investment is for their business, according to industry insiders.
TM Targets Trade Latency
NEW YORK-Trading Metrics, a provider of latency monitoring tools, has expanded its services with a new product, dubbed Trading Latency Metrics.
U.S. Markets Execute BCP Drill
NEW YORK-To ensure preparedness for a small-scale or a local disastrous event, members of the U.S. securities industry participated in a business continuity test on Saturday, June 7.
Asia Dark Pools Gaining Traction
HONG KONG-Although few in number, dark pools of liquidity in Asia are set to grow, but are facing stiff resistance from technology issues, regulatory hurdles and hesitant buy-side firms, according to industry insiders.
Nyfix Updates Appia
NEW YORK-Global crossing network provider Nyfix has debuted the latest version, 5.0, of its FIX engine Appia today, June 2.
Kiodex Expands to Precious Metals
NEW YORK-Traders using SunGard's commodities risk management and trading platform, Kiodex, should be able to add precious metals to their portfolios by the end of the summer, say vendor officials.
Japanese Exchanges Seek to Standardize Platforms
NAGOYA & OSAKA-The potential first step toward a three-way exchange merger has taken place as the operators of the Central Japan Commodity Exchange (C-Com), Kansai Commodity Exchange (KEX) and the Osaka Securities Exchange (OSE) have inked a memorandum…
Marco Polo Targets Latin America
NEW YORK-Accessing Latin American liquidity may become easier for traders as connectivity and trading services provider Marco Polo Network plans to offer direct market access (DMA) into several of the region's exchanges by the end of the summer, DWT has…
innerExchange Offers Canned Exchange
LONDON-Firms seeking to roll out custom trading venues now have another option, as FIX trading and connectivity provider innerExchange launched the makeYOURmarket.com platform that lets users create a custom electronic trading exchange on the fly, say…
EEX, Powernext to Integrate Systems
PARIS & LEIPZIG-The European energy markets are quickly consolidating trading venues as Paris-based energy exchange Powernext and Leipzig-based European Energy Exchange (EEX) plan to integrate their systems, say bourse officials.
Knight Cuts Knight Link Latency
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group is reducing the latency in its internal crossing network, Knight Link, almost by half, firm officials tell DWT .
Schneider Upgrades Backbone
LONDON-To handle increased trading traffic and in preparation for adopting server virtualization and thin-client computing, execution broker Schneider Trading Associates plans to replace its dual 1 Gbps connections to its offsite datacenter in central…
DKIB Bolsters IT Audits
NEW YORK-After a two-year project to standardize, harmonize and enforce architectural standards for the investment bank's IT infrastructure, Dresdner Kleinwort (DKIB) is on the verge of using its enterprise infrastructure audit platform, Tideway Systems'…
Aegisoft Updates AthenaTrader
NEW YORK-Several Aegisoft clients are in the process of testing and will be going into production with version 4.0 of AthenaTrader, an algorithmic multi-asset execution management system (EMS).
SGX Readies Proximity Hosting
SINGAPORE-Traders on the Singapore Exchange's (SGX's) equities and derivatives markets can expect sub-millisecond trade executions in August as SGX rolls out a proximity hosting service, say SGX officials.
GS, MS, UBS Link U.S. Dark Pools
NEW YORK-Goldman Sachs, Morgan Stanley and UBS have opened their respective dark pools of liquidity to partnering firms, say officials from the three firms.