Sell-Side Technology/News
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…
Eurobase Launches Hosted Trading Platform
LONDON-Financial software vendor Eurobase Banking Solutions recently announced the launch of a Web-based version of its multi-asset trading platform Siena e-Trading Solutions, vendor officials say.
TSX Sets Gateway Revamp for 2009
TORONTO-As the final phase of its trading platform upgrade, the Toronto Stock Exchange (TSX), plans to roll out a new internally developed exchange gateway sometime in the second quarter of 2009, TSX officials tell DWT .
Colt to Expand Proximity Hosting Data Service
LONDON-Infrastructure and network services provider Colt Telecom is planning to expand its proximity hosting services to include datacenters in London, Madrid and Milan, and will eventually utilize all of its 16 datacenters in 10 countries across Europe…
Société Générale Takes Risk to Grid
PARIS-The Corporate and Investment Banking (CIB) division of French banking giant Société Générale (SocGen) has moved its credit risk calculations onto the bank's grid computing environment powered by Platform Computing's Symphony solution, vendor…
Börse Berlin Acquires Equiduct
BERLIN & London-German regional exchange Börse Berlin is set to buy a majority stake in pan-European market operator Equiduct, DWT has learned.
Nasdaq, Börse Dubai Enter OMX Pact
STOCKHOLM-The Nasdaq Stock Market and state-run Borse Dubai announced a deal last Thursday to join forces and acquire exchange operator and technology provider OMX.
Looking for America
As investment banks look to expand in emerging markets, DWT U.S. reporter Oksana Poltavets sits down with Fimat Group's North American managing director for equities Douglas Engmann to discuss what the coming year has in store for wholly owned subsidiary…
Panel: Watershed Moment for Trading
LONDON-The trading environment is on the eve of tectonic changes due to new technology and regulations, as well as increasing competition, say investment bank and exchange officials, who spoke during a roundtable hosted by networking vendor Colt Telecom.
Icap Enters Second Phase of Reuters Rollout
HONG KONG-Interdealer broker Icap is in the midst of its second phase of deploying the Reuters Market Data System (RMDS) in its Asia-Pacific offices. The latest phase consists of backend development for sharing data between Icap's core data platform and…
Chicago Board of Trade Suffers E-Trading Snag
CHICAGO-Electronic traders using the Chicago Board of Trade's (CBOT's) e-cbot trading platform experienced a two-hour trading halt on Wednesday, according to exchange officials.
Capis Rolls Out Hosted Fidessa
DALLAS—As part of a major technology upgrade, agency brokerage Capital Institutional Services (Capis) is in the midst of decommissioning its internally developed equities trading platform and deploying a fully hosted solution from order management system…
Savvis Launches Co-location Service
NEW YORK—IT infrastructure provider Savvis is looking to aid prime brokers and their buy-side clients with the introduction of the vendor's new Proximity Hosting service, which was announced today, Sept. 17.
Tervela Offering Cuts Routing Latency
NEW YORK—Emerging from stealth mode today, Sept. 17, hardware-accelerated messaging vendor Tervela announced that it has helped an unnamed tier-1 bank achieve sub-millisecond order-routing latency, sources tell DWT .
TSE, NYSE Euronext Ramp Up Tech Alliance
TOKYO & NEW YORK—Global exchange operator NYSE Euronext plans to send a team of engineers to Tokyo to provide technical assistance to the Tokyo Stock Exchange (TSE) as part of an memorandum of understanding that the two exchanges signed at the beginning…
Industry Preps for Rocky Mifid Launch
LONDON—With less than two months left before the E.U.'s Markets in Financial Instruments Directive (Mifid) comes into force, there is still a high level of uncertainty in the industry regarding implementation of the regulatory requirements, concluded…
AIB to Deploy Eurobase Gateway
LONDON—Allied Irish Bank (AIB) is in the midst of deploying Eurobase's Siena Gateway product to distribute foreign exchange (FX) rates within the bank's branch network, say vendor officials.
Fidessa Launches Mifid Suite
LONDON—Fidessa has today, Sept. 17, launched a suite of products and services to help broker-dealers meet requirements set forth by the E.U.'s Markets in Financial Instruments Directive (Mifid), vendor officials tell DWT .
Panel: Options Gaining on Equities Automation
NEW YORK—The equities options market is quickly catching up with the equities market in smart order routing and the adoption of trading algorithms, according to participants of a panel discussion hosted by agency brokerage BNY ConvergEx in midtown…
Analyst: U.S. Market Consolidation Inevitable
BOSTON—In the next two years, the U.S. equities market, which currently consists of 35 potential venues, is poised for a major consolidation, according to a recently published white paper from industry research firm Aite Group.