Sell-Side Technology/News
UBS Launches Structured Products Trading Platform
NEW YORK-Global investment banking giant UBS went into production with its Web-based structured products trading platform, SI Trader, late last week, UBS officials tell DWT .
Dealers Gain TradeWeb Stake
NEW YORK-Electronic trading of interest rates swaps is heating up as nine major global dealers have invested $180 million to gain a minority interest in electronic dealer-to-client over-the-counter (OTC) trading network Thomson TradeWeb.
Panel: FX E-Trading Flourishing in Asia
SINGAPORE-Growth in the foreign exchange (FX) market in Asia is leading to major operational changes in the way both buy-side and sell-side institutions do business, according to Justyn Trenner, CEO of market research firm ClientKnowledge. Summing up a…
Nymex, MX Ready New Canadian Bourse
NEW YORK-The Alberta-based Canadian Resources Exchange (Carex), a joint venture between the New York Mercantile Exchange (Nymex) and the Montréal Exchange (MX), is set to launch in the first quarter of 2008, although it might hit some regulatory snags…
Evolving Risk
With the front office trading faster and more creatively, can a firm's risk management system ever keep up? DWT European reporter Cecilia Bergamaschi sits down with Andrew White, global head of trade and risk management with Reuters, to discuss the…
Expert: Sell Side Leads in Mifid Readiness
LONDON-Sell-side firms are in a better position than their buy-side counterparts when it comes to the Markets in Financial Instruments Directive's (Mifid's) best-execution requirement, concludes a white paper by the Best Execution Subject Group of the…
FPL Preps Algo Schema Launch
LONDON-The new FIX Algorithmic Trading Definition Language (FIXATDL) is set to launch in the first quarter of 2008, FIX Protocol Ltd. (FPL) officials tell DWT .
Fimat to Develop Margining Module
NEW YORK-Global brokerage Fimat Group will be looking to develop new technology to create a convertible bonds portfolio margining module to be available in the first quarter of next year, brokerage officials tell DWT .
LSE, ICMA Gain ARM Status
LONDON-The exchange reporting service (ERS) of the London Stock Exchange (LSE) and the Trax2 system of ICMA Limited-the market services division of the International Capital Market Association (ICMA)-are now Approved Reporting Mechanisms (ARMs), say…
CBOT Suffers Second Trading Snag
CHICAGO-Open-outcry traders on the Chicago Board of Trade grain markets were forced to enter their orders manually as the exchange's electronic order routing network went down last week, say exchange officials.
Central Africa to Gain New Exchange
LIBREVILLE, GABON-A new multi-nation Central African regional exchange is set to go live in the middle of next year, DWT has learned .
LSE, Borsa Italiana Complete Merger
LONDON & MILAN-Officials from the London Stock Exchange (LSE) and Borsa Italiana announced last week their organizations completed their merger.
Nasdaq Seeks Second Protected Quote
NEW YORK-The Nasdaq Stock Market plans to establish a second protected quote from the assets it is set to purchase from the Boston Stock Exchange (BSE), according to Nasdaq officials, who spoke during an analyst call last week.
Thai Bourse Upgrades Matching Engine
HONG KONG-The Stock Exchange of Thailand (SET) is investing $1.5 million to move to a new trading engine by the beginning of next year and upgrade network connectivity in 2009. The changes are part of SET's latest IT plan, dubbed the "Next Generation…
Saxo Taps Aegis for Exchange Simulation
COPENHAGEN-Online foreign exchange (FX) trading firm Saxo Bank has selected Aegis Software's product to replace its legacy FIX and exchange-specific messaging protocol connectivity testing system, bank officials tell DWT .
Capis to Distribute Research Via Pivot
DALLAS-Agency brokerage Capital Institutional Services (Capis) announced today, Oct. 1, that it will start distributing independent research via AOL Instant Messenger (AIM) connections using the Pivot 360 platform from Pivot.
Singapore Exchange Adds TNS Connectivity
SINGAPORE-Members of the Singapore Exchange (SGX) have yet another avenue via which to access the exchange's securities and derivatives trading platform, as the SGX recently went live with a fully managed connection to financial extranet provider…
Panel: Exchanges See Derivatives Boom
LONDON-The massive growth in the listed derivatives market is attracting new exchanges to the sector, while those in the business are offering new products and services to clients, concluded a panel of global exchange officials last week.
Orc Software to Take FAST Native
NEW YORK-Users of Orc Software's CameronFIX Universal Server and CameronFIX Market Data Server may wind up with support for the FIX Adapted for Streaming (FAST) protocol whether they want it or not, as the vendor is preparing to migrate the underlying…