Sell-Side Technology/News
Saxo, JPMorgan Ink Prime Broker Accord
NEW YORK-Saxo Bank has recently signed a deal with JPMorgan to act as its prime broker to connect to Reuters Prime Brokerage for Matching-which provides anonymous direct market access, (DMA) via a prime broker, to the wholesale matching community-bank…
NYSE Euronext Readies CMS Replacement
NEW YORK-As part of its continuing process of consolidating and standardizing exchange systems, NYSE Euronext plans to have its new FIX protocol-based common customer gateway (CCG) in production for its NYSE Hybrid and NYSE Arca markets later this year,…
29West Updates UME
CHICAGO-Market data messaging software provider 29West released version 2.0 of its Ultra Messaging for the Enterprise (UME) last week.
CME Mulls Nymex Acquisition
CHICAGO & NEW YORK-In what is seen as a defensive move, the operator of the Chicago Mercantile Exchange (CME), the CME Group, has entered into discussions with the New York Mercantile Exchange (Nymex) to purchase the New York bourse.
GFI Group Acquires Trayport
NEW YORK-Interdealer broker GFI Group announced that it has acquired London-based real-time electronic trading technology provider Trayport.
Pandemic Exercise Yields Middling Results
NEW YORK-The majority of U.S. financial services industry members could do more to prepare for an influenza pandemic, according to the after-action report on a three-week pandemic preparedness exercise, which was sponsored by industry participants and…
Middle East, Asia Weather Cable Woes
NEW YORK-Financial firms, exchanges and vendors from Egypt to India are getting back to normal operations after two undersea telecom cables broke on Jan. 30 and reduced the region's access to the Internet by as much as 75 percent.
TSE, OSE Bank On IT and Product Boost
LONDON-Keeping competitive in the shrinking global exchange marketplace is all about IT investments and product diversification, say senior officials from Japanese exchanges.
Triton Makes Asian Debut
HONG KONG-Agency broker-dealer and block-crossing network provider Investment Technology Group (ITG) has recently rolled out its Triton execution management system (EMS) to the Asia-Pacific regional markets.
Turquoise Picks Progress Apama for Surveillance
LONDON-Pan-European multilateral trading facility (MTF) Turquoise is preparing to roll out a real-time market surveillance platform from complex event processing (CEP) and algorithmic trading software vendor Progress Apama and U.K.-based consultancy…
NYSE Euronext, Caisse des Dépôts Launch BlueNext
PARIS-Global exchange operator NYSE Euronext and French state-owned financial institution Caisse des Dépôts have recently gone live with a new environmental exchange, dubbed BlueNext, say officials.
Newedge Preps for Yearend Integration
PARIS-Newly minted as a result of a joint venture, multi-asset brokerage Newedge plans to combine its operations into one trading system by the end of the year, say firm officials.
AFA to Add Non-U.S. Equities
NEW YORK-In part to capture more institutional business, order management system (OMS) provider Advanced Financial Applications (AFA) expects to support non-U.S. equities by the end of the first quarter, according to vendor officials.
Lehman Works to Share Grids
NEW YORK-Global investment bank Lehman Brothers is preparing to share its various production computing grids among several of its businesses with the eventual goal of merging them, firm officials tell DWT .
Merrill Debuts London Datacenter
LONDON-Merrill Lynch has recently doubled its computing capacity in Europe, the Middle East and Africa (EMEA) with the launch of a new London datacenter, DWT has learned.
Global Exchanges Withstand Market Slide
NEW YORK-Throughout two days of dramatic market volatility on Jan. 22 and 23, many global exchanges saw record setting volumes, but few report technical difficulties.
Danske Markets Deploys Fenics FX
LONDON-Danske Markets plans to roll out pricing and risk management software Fenics FX from inter-dealer broker GFI Group in the bank's Copenhagen, Stockholm, Helsinki, Oslo, London, Dublin, Belfast, Luxembourg and Warsaw offices, say bank officials.
HKMA: Clean Up IT Problem Reporting
HONG KONG-The recent findings of the Hong Kong Monetary Authority's (HKMA's) annual audit of authorized institutions' (AIs') IT systems reveal inadequacies in reporting, risk assessment and rectification of IT problems, according to regulatory officials…