Sell-Side Technology/News
Panel: BCP Technology Not Enough
LONDON-Those tasked with creating a firm's business continuity strategy should avoid being blinded by technology and never forget the human element, according to members of the financial services industry.
Chi-X Gains New Headquarters
LONDON-Pan-European multilateral trading facility (MTF) Chi-X has recently moved out of agency broker and alternative trading system (ATS) operator Instinet's premises to its own office in London.
Brazilian Exchanges Enter Defensive Pact
SÃO PAOLO, BRAZIL-In what can be seen as a defensive move, two Brazilian exchanges-Bovespa Holding and the Brazilian Mercantile and Futures Exchange (BM&F)-have announced their intent to merge to form the New Exchange.
U.S. Adds Seventh Options Market
NEW YORK-After a nearly 14-month wait, the Nasdaq Options Market, owned by Nasdaq OMX Group, has gone live.
Australia Preps for New Liquidity Pools
SYDNEY-Australian markets can expect to see an explosion in liquidity sources as the Australian Securities Investment Commission (ASIC) is expected to grant a number of alternative trading systems operating licenses as soon as June.
Brokers Unfazed by Exchange Algos
LONDON-As exchange operators, such as NYSE Euronext, plan to develop and deploy their own trading algorithms, few sell-side firms consider the offerings to be a competitive threat, according to industry participants.
Linux Vendors Expand Real-Time Offerings
NEW YORK-The SUSE Linux Enterprise team at global infrastructure software and services firm Novell is working to bring real-time environments to all areas of the datacenter, say officials.
SEC Moves Forward in Mutual Recognition
WASHINGTON, D.C.-The U.S. Securities and Exchange Commission (SEC) is another step closer to mutual recognition of "high-quality" regulatory agencies outside of the U.S., say SEC officials.
Banks to Test Open-Source RegQ
NEW YORK-Two global, but unnamed banks, have begun the second round of beta testing the Regulatory Questionnaire (RegQ) from open-source developer Collaborative Software Initiative (CSI), say CSI officials.
Eurex Readies High-Frequency Trading Interface
FRANKFURT-Eurex traders can expect faster and more streamlined access to the European futures exchange on April 14, with the planned launch of Eurex Transaction Services (ETS), which targets high-frequency trading, according to bourse officials.
Datacenter Spending Needs Revamping
NEW YORK-The industry is facing an invisible crisis due to rapidly increasing infrastructure costs for new datacenters, concludes a recently published survey by datacenter think tank Uptime Institute.
Thomas Weisel Deploys Pivot
SAN FRANCISCO-Investment banking firm Thomas Weisel Partners is in the midst of a global and enterprise-wide rollout of the Pivot 360° secure instant messaging platform, vendor officials announced today, March 31.
Korea Gains First ATS
SEOUL-Agency broker and alternative trading system (ATS) operator Instinet and Korean investment bank Samsung Securities Co. announced the creation of an anonymous securities crossing network, dubbed KoreaCross, today, March 31.
Cisco Preps Latency Management Offering
NEW YORK-Networking equipment and management provider Cisco Systems' financial services group is working to develop industry-wide solutions to mitigate latency for financial services, DWT has learned.
FIXATDL Set for Q2 Debut
LONDON-Deploying new trading algorithms and orders types should get easier this year as messaging standards body FIX Protocol Ltd. (FPL) expects to launch its FIX Algorithmic Trading Definition Language (FIXATDL) by the end of the second quarter, FPL…
SunGard STN Lands in U.K.
LONDON-SunGard Transaction Network's (STN's) trading and connectivity offerings are now available in the U.K., coinciding with STN's recent operational approval by the U.K.'s Financial Services Authority (FSA), vendor officials announced today, March 24.
ODL Capital Deploys Fixcity's Ioinet
LONDON-Institutional brokerage ODL Capital (ODLC) has gone live with Fixcity's indication-of-interest (IoI) distribution platform Ioinet, say vendor officials.
NYSE Euronext, ADSM Ink Pact
NEW YORK & ABU DHABI-In a move to further expand its global presence, NYSE Euronext has signed a cooperation agreement with the Abu Dhabi Securities Market (ADSM), officials tell DWT .
CME Acquires Nymex
CHICAGO & NEW YORK-After extending exclusive acquisition talks, Chicago Mercantile Exchange operator CME Group has announced its purchase of the New York Mercantile Exchange (Nymex) for $9.4 billion in cash and stock.