Sell-Side Technology/News
HKEx Preps Remote Participation
HONG KONG-The Hong Kong Exchanges and Clearing (HKEx) is in discussions with telecommunications giant BT's Global Financial Services division to distribute market data and possibly trading capabilities via the vendor's RadianzNet financial intranet,…
JPM, Bear Scramble to Integrate
NEW YORK-On the heels of one of the shortest due-diligence periods on Wall Street, investment banks JPMorgan Chase and Bear Stearns are rushing to create an integration strategy, insiders tell DWT .
Saxo Jumps on the Bus
Trading front end updates, architecture redesigns and a message bus deployment are just a few of the projects that are keeping Saxo Bank executive director and co-CIO Flemming Skov busy this year. DWT editor Rob Daly sits down with Skov to see what else…
Sybase Gears Up for Hybrid Offering
NEW YORK-Database vendor Sybase plans to release a new platform offering targeting the trading desk's need for streaming, transaction and historic data, officials say.
FX Lags in TCA Adoption
NEW YORK-Transaction cost analysis (TCA) will take a back seat in 2008, as markets focus on challenges in credit, liquidity and balance sheets, say senior bankers in London.
ITG Rolls Out Netting Service
NEW YORK-Agency brokerage and crossing network provider ITG has recently added a new trade-ticket netting service, dubbed Single Ticket Clearing, to its ITG Net order routing network, according to firm officials.
IBM Readies Diskless On-Demand Environment
NEW YORK-IBM is working on releasing a diskless environment for the Dynamic option of its Deep Computing Capacity on Demand (DCCoD) offering to debut early in the second quarter, DWT has learned.
Study: Green IT Adoption Wanting
LONDON-European firms are increasingly alert to the green IT agenda, but lack an understanding of what environmental technology options are available in the market, according to a white paper published by IT market research firm Vanson Bourne.
Egenera Expands OEM Partnerships
MARLBORO, MASS.-Datacenter virtualization software and hardware provider Egenera is on the verge of announcing a newly inked original equipment manufacturer (OEM) agreement with a "global firm," DWT has learned.
Microsoft Integrates Turrets
LONDON-Global software and technology provider Microsoft announced today, March 17, the launch of its Institutional Client Platform (ICP) that enables firms to integrate their entire communication infrastructure including instant messaging (IM), e-mail…
CLSA to Outsource Datacenters to BT
HONG KONG-Broker-dealer Credit Lyonnais Securities Asia (CLSA) has contracted BT to manage its global datacenter, according to a vendor spokesperson.
Centralized Order Books Take Hit Under Mifid
LONDON-Reconstructing a centralized order book in a Markets in Financial Instruments Directive (Mifid) environment is proving a serious challenge for many investment banks, according to research by Mifid think tank JWG-IT, which will be released in April.
Skyler Enters European Markets
CONCORD, CALIF.-Low-latency trading products provider Skyler Technology announced today, March 10, that it has expanded the latest version of its C3 Liquidity Discovery Solution product to cover the European markets.
Schneider Adopts VoIP Turrets
LONDON-Execution broker Schneider Trading Associates has replaced its legacy hardwired Reuters dealerboards with Voice over IP (VoIP)-enabled turrets from Belgian turret vendor IP Trade, DWT has learned.
AMD Preps GPU-CPU Hybrid for 2009 Launch
SUNNYVALE, CALIF.-Processor maker Advanced Micro Devices (AMD) will release the first products featuring its new microprocessor design in 2009, officials tell DWT .
Tabb: Fragmentation Now the Norm
NEW YORK-Brokerages hoping to limit the number of U.S. liquidity pools to which they need to connect are in for a disappointment as the U.S. equity market is heading toward further fragmentation, according to a research note from industry analyst firm…
Archangel Plans June Flight
NEW HOPE, PA.-Listed options block traders will have a new execution venue in a few months as alternative trading system (ATS) Archangel from software and network provider 3D Markets is set to go into full production by early June, vendor officials tell…