Sell-Side Technology/News
Cinnober Launches SI Platform
STOCKHOLM-An unnamed global investment bank plans to deploy the TradExpress trading engine from trading platform provider Cinnober Financial Technology to handle its systematic internalized trades, vendor officials tell DWT .
UBS Goes Live with Options DMA
NEW YORK-Global banking giant UBS has expanded its direct market access (DMA) offerings to its institutional clients with its recent rollout of the bank's DMA for Options Trading service, say bank officials.
Panel: FX Algos No Longer Just for the Large Players
LONDON-Gaining an edge on foreign exchange (FX) execution via trading algorithms is no longer solely the domain of the largest FX dealers, say several industry experts.
FX Must Put Mifid House in Order
LONDON-The vast majority of the members of the foreign exchange (FX) market are still unaware of the Markets in Financial Instruments Directive's (Mifid's) impact on their business, says Chris Pickles, London-based chair of the Mifid Joint Working Group.
Intel Debuts Penryn Family of Processors
NEW YORK-To help investment banks improve processing performance while maintaining the same level of electrical consumption, Intel is releasing its Xeon Processor 5400 series, dubbed Penryn, with 45 nanometer technology, today, Nov. 12, vendor officials…
NeoNet Adds Warsaw Stock Exchange
Clients of direct market access (DMA) agency broker and trading technology provider NeoNet will now have access to the Warsaw Stock Exchange, officials announced today, Nov. 12.
PHLX Buy Broadens Nasdaq Options
NEW YORK-In an effort to beef up and diversify its options market approach, the Nasdaq Stock Market announced its intention to acquire the Philadelphia Stock Exchange (PHLX) in a deal set to close in the first quarter of 2008, say exchange officials.
CSI Reduces Risk for Outsourcing Deals
NEW YORK-Investment banks looking to outsource now have a consistent electronic method of capturing data privacy and information technology security as Portland, Ore.-headquartered Collaborative Software Initiative (CSI) is in the midst of developing an…
CIOs: IT Budgets Not Feeling the Credit Blues
LONDON-Although some investment banks are writing down the worst earnings in their histories due to the meltdown in the credit markets, many banks' IT organizations aren't feeling the budgetary pain, according to a number of bank CIOs.
CLSA Upgrades Trading Platform
HONG KONG-To keep up with growing trade and messaging volume due to algorithmic trading, broker Credit Lyonnais Securities Asia (CLSA) is in the process of deploying the next generation of its trading platform, FMS, say broker officials.
Icap Debuts Low-Latency Connectivity
LONDON-Fixed-income and foreign-exchange (FX) traders in North America have a new option to connect to inter-dealer broker Icap's BrokerTec and EBS platforms: a new low-latency connectivity service, dubbed i-Cross, say officials.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
HSBC to Add Multi-Leg Support to Fierce
LONDON-Developers at HSBC are busily working on adding support for multi-legged trades to the bank's internally developed asset-agnostic trading platform, bank officials tell DWT .
Weeden Preps LMS Launch
NEW YORK—Agency brokerage Weeden & Co. plans a soft launch of its OnePipe liquidity management system (LMS) in a matter of weeks, say brokerage officials.
GFI to Take FX Options-Specific Trades Electronic
NEW YORK—Interdealer broker GFI Group plans to support trading of foreign exchange (FX) derivatives-specific contracts on its electronic FX derivatives trading platform, Forex Match, in early 2008, say firm officials.
CBOE to Debut Flex Options Platform
CHICAGO—After 15 years of floor trading, the Chicago Board Options Exchange (CBOE) plans to introduce electronic trading of its Flexible Exchange (Flex) options on its new CboeFlex.net trading platform, DWT has learned.
SFTI Targets Asia Exchanges
NEW YORK-NYSE TransactTools, the technology subsidiary of NYSE Euronext, is rolling out its industry-mandated Secure Financial Transaction Infrastructure (SFTI) network for trade and data communication to Asia, to provide exchange connectivity and order…
Banca Aletti Outsources SSO to Hi-mtf
MILAN—Italian bank Banca Aletti has outsourced its sistemi di scambi organizzati (SSO), or alternative trading system (ATS), functions to fixed-income and equities multilateral trading facility (MTF) Hi-mtf, officials tell DWT .