Sell-Side Technology/News
Carbon Market Yet to Attract Algo Trading
LONDON-Carbon's position as a global asset class will continue to expand as carbon markets grow; however, it is not liquid enough to draw black-box traders, say European Climate Exchange (ECX) officials.
ISE, OSE to Form New Options Exchange
NEW YORK-Officials from the International Securities Exchange (ISE) and the Osaka Stock Exchange (OSE) have inked a memorandum of agreement (MoA) to create an equity options exchange for the Japanese market.
RTS Plans Century Mark
FRANKFURT-Trading software vendor RTS Realtime Systems Group plans to connect to more than 100 exchanges by June, DWT has learned.
And Then There Were Seven
As newly minted Nasdaq OMX Group waits for final approval from the U.S. Securities and Exchange Commission (SEC) to open the seventh equities options exchange, DWT editor Rob Daly catches up with Adam Nunes, vice president of Nasdaq Transactions Services…
BNP Paribas Upgrades Tokyo Floor
TOKYO-BNP Paribas in Tokyo is live on an upgraded trading floor that includes a new business continuity solution from Orange Business Services (OBS), nee Etrali, according to vendor officials.
Agora-X Gains Backer
New York & Kansas City, MO.-A new electronic trading venue for over-the-counter (OTC) commodity options, Agora-X, will receive a $7.5 million cash infusion from newly formed global exchange operator Nasdaq OMX Group, say officials.
Sanzone Out, Landert In at Credit Suisse
ZURICH-At press time, officials from Credit Suisse announced that Karl Landert, most recently head of IT for the firm's private banking business, has been named CIO, filling the position left by Tom Sanzone.
Turquoise Taps BT as Proximity Host
LONDON-European multilateral trading facility (MTF) Turquoise has selected BT to host its trading and data distribution systems and offer proximity hosting and connectivity services to its clients, MTF officials tell DWT .
Wachovia Standardizes Datacenters
NEW YORK-To achieve its ultimate goal of cost savings, energy efficiencies and processing power, Wachovia planned to deploy its "datacenters in a box" design; however, after a three-and-a-half-year project to upgrade its global datacenters, the Charlotte…
Bats, Savvis in Metro Ethernet Deal
NEW YORK-Brokerages connecting to the Bats ECN have another low-latency option as the ECN operator Bats Trading has inked a deal with financial network supplier Savvis to provide its Exchange Express metro Ethernet connectivity to the ECN's trading…
Platform Adds Cell Processor Support
NEW YORK—Grid computing software vendor Platform Computing has added support for high-performance cell processor-based systems with its latest version of Symphony, dubbed Symphony for the IBM BladeCenter with Cell Broadband Engine (Cell/B.E.) technology,…
Majority of Options Trading Automated by 2010
NEW YORK-In two years, over 60 percent of buy-side trades in U.S. equities options will be executed through low-touch channels, according to a recent white paper published by research firm Tabb Group.
Logicscope, NCI Enter STP Pact
LONDON-Post-trade technology vendors Logicscope and NCI have entered into an agreement to integrate elements of both vendors' platforms to release a trade notification solution to end-user clients of banks, brokers and trading platforms.
Mitsubishi Takes BlueBox Algos Live
TOKYO & LONDON-Mitsubishi UFJ Securities (MUS) has completed the initial phase of its algorithmic execution service based on Fidessa's algorithmic trading platform, BlueBox, vendor officials say.
Nordic Growth Market Trading Halted
STOCKHOLM-The 75-minute trade interruption on the Nordic Growth Market (NGM)-an exchange for growth companies in the Nordic region-that took place on Feb. 19 has been attributed to human error from the previous night, say exchange officials.
Intel Readies Nehalem Processor Line
NEW YORK-Following the release of its Penryn family of processors, Intel plans to debut new processor technology in the second half of this year, vendor officials tell DWT .
Pure Trading Upgrades FIX Gateway
TORONTO-Seeking to capture more liquidity from south of the border, Canadian alternative trading system (ATS) operator Pure Trading is in the midst of bring its FIX gateway closer to U.S. standards, and upgrading its trading engine, DWT has learned.
SGX Hits Exchange Update Milestone
SINGAPORE-Singapore Exchange (SGX) is in the process of implementing a series of new systems, several of which are from Nordic exchange operator and technology provider OMX Group, as part of a rolling five-year technology plan, say exchange officials.
A Matter of Principles
Since the E.U.'s Markets in Financial Instruments Directive (Mifid) took effect on Nov. 1, 2007, financial firms have been in a race to implement principles-based regulation in order to remain compliant and competitive.
Penson Readies Derivatives API
CHICAGO-Penson GHCO, the futures and derivatives clearing subsidiary of Penson Worldwide, will roll out a new applicaiton programming interface (API) with the ability to trade options on futures sometime in the second quarter, DWT has learned.