Sell-Side Technology/News
Grid Winners Announced
There was cause for celebration in the New York grid computing community last week as sibling publication Waters announced the winners of the first annual Global Grid Awards, or Griddies, after the second annual Street#Grid event in lower Manhattan.
Industry Launches SOA Association
LONDON-A group of banks, financial firms and vendors have founded the Banking Industry Architecture Network (BIAN), an association aimed at helping banks to move to a service-oriented architecture (SOA) by sharing technical and domain expertise, say…
Options Trading Goes Ballistic
As asset managers and hedge funds continue to grow their appetite for listed equities options, a number of new firms are springing up to handle the special needs associated with institutional orders. DWT editor Rob Daly sits down with Ballista's CEO Rob…
GL Readies Thin Client Update
PARIS-By the fourth quarter, exchange connectivity and trading platform provider GL Trade plans to release version 8.0 of its thin-client trading workstation that will sport new order execution functionality as well as updated back-end routing technology…
Infront Develops Options Module for Orc Display
LONDON-Norwegian trading technology and market data vendor Infront has developed a new derivatives module for its Web-based Online Trader data display and trading application, according to vendor officials.
Tibco to Take Rendezvous Hybrid
PALO ALTO, CALIF.-Messaging provider Tibco plans to release its first hardware-based messaging appliance by the year-end that will improve latency performance for its Rendezvous messaging platform.
Panel: Holistic Risk Analysis Needed
LONDON-The days of calculating risk exposure divorced from operational risk are over, say industry insiders.
Broadridge Targets Front Office
LAKE SUCCESS, N.Y.-Financial technology outsourcing provider Broadridge Financial Solutions will introduce products for the front office as part of its new Ascendis product group, DWT has learned.
CA Cheuvreux Plans Crossing Engine
PARIS-Global agency broker, a member of Crédit Agricole (CA) Cheuvreux, is planning to launch its own internal dark pool crossing engine at the end of the summer, officials tell DWT .
Chi-X to Offer Smart Order-Routing
LONDON-Multilateral trading facility (MTF) Chi-X Europe plans to shake up the European markets by offering a smart order-routing capability to its clients, DWT has learned.
Front-Office Grids Not a Pipe Dream
NEW YORK-Although financial firms have been mulling a grid environment in the front office, there are still challenges to making it happen, say industry insiders.
GemStone Debuts GemFire 5.5
NEW YORK-Enterprise data fabric platform provider GemStone Systems has announced today, April 28, the release of version 5.5 of its GemFire Enterprise offering, vendor officials tell DWT .
12,000 Trading Positions Lost by 2011
TAUNTON, U.K.-Job prospects for traders and the IT professionals who support them are expected to remain grim for the next three years as the industry is expected to shed a net of 12,000 trading positions globally, according to a report published by…
AMD Launches Desktop Initiative
SUNNYVALE, CALIF.-Processor maker Advanced Micro Devices (AMD) has released its new desktop offering as part of the AMD Business Class initiative, today, April 28.
Nord Pool Takes GlobalVision Live
FREDERICIA, DENMARK-Scandinavian power exchange Nord Pool Gas has recently gone live with Trayport's GlobalVision Exchange Trading System, announce officials.
Swift Expands Front-Office Staff
NEW YORK-To address the growing broker-dealer customer base, the interbank messaging cooperative Swift has increased its staff addressing its clients' front office needs by approximately 30 percent, DWT has learned.
Ascot to Roll Out Derivatives Trading
HONG KONG-Local brokerage Ascot Financial Services plans to expand its coverage into the global derivatives markets by deploying a number of application service provider- (ASP)-based systems from trading platform provider Patsystems, vendor officials say.
Thomson-Reuters Names New Leadership
LONDON-Despite a rocky start on the London Stock Exchange, Thomson-Reuters continues to solidify its integration and has named the latest round of managerial appointments.
Front-Office IT Spending Shrivels
BOSTON-The current economic downturn has stripped the short-term IT spending focus from the front office at large brokerages, according to a recently published report from Boston-based analyst firm Celent.
Liquidnet to Deploy Data Grid
NEW YORK-In an effort to combat and eliminate database bottlenecks, crossing network provider and agency brokerage Liquidnet is looking to adopt a data grid strategy by the end of 2009, DWT has learned.
Orc Releases CameronFIX Update
LONDON-Derivatives trading technology and connectivity provider Orc Software is launching version 6.3 of its Orc CameronFIX platform, say officials.