Sell-Side Technology/News
Stanford Deploys Fidessa OMS
NEW YORK—Brokerage Stanford Group Co. has gone live with Fidessa's fully hosted trading platform as an order management system (OMS) for its U.S. operations, vendor officials tell DWT .
AMD Debuts Quad-Core Offering
NEW YORK—Processor maker Advanced Micro Devices (AMD) is launching an industry-wide rollout of the quad-core version of its Opteron processor, dubbed Barcelona, today, Sept. 10, vendor officials tell DWT .
BEA Launches Virtualization Pricing
SAN JOSE, Calif.—Middleware provider BEA Systems has released its new per-instance pricing model for enterprise Java virtualization last week, say vendor officials.
Calyon Rolls Out Etrali Turrets in Asia
HONG KONG & TOKYO—Global investment bank Calyon Capital Markets is in the midst of installing 400 Mach 3D turrets from Orange Business Services (OBS) Trading Solutions, née Etrali, across Asia, vendor officials tell DWT .
InfoReach Debuts Web-based EMS
NEW YORK—Financial trading software vendor InfoReach announced the release of its light-weight Web-based execution management system (EMS), dubbed BrokerReach, today, Sept. 10.
Hi-mtf Takes FastTrade Matching Platform
MILAN—The new fixed-income and equities multilateral trading facility (MTF) Hi-mtf plans to use the FastTrade (FT) matching platform from Pisa, Italy-based financial software vendor List Group in preparation for the MTF's October launch, vendor officials…
London Banks Take Tube Strike in Stride
LONDON—Investment banks in the City of London and Canary Wharf were largely unaffected by a transit strike in London last week, as several banks instructed employees to work remotely if travel to their offices was too difficult.
Boston Stock Exchange Shutters BeX
BOSTON—In existence for less than two years, the electronic Boston Equities Exchange (BeX) is closing, officials from BeX operator the Boston Stock Exchange (BSE) announced last week.
Pipeline Trading Preps Algo Switching Engine
NEW YORK—Crossing network provider and agency brokerage Pipeline Trading is set to release a new prediction engine with a suite of third-party algorithms in the coming weeks, DWT has learned.
Scoach to Adopt Deutsche Börse's Xetra
FRANKFURT—The structured products trading joint venture between Deutsche Börse and the SWX Swiss Exchange Group, Scoach, will migrate to Deutsche Börse's trading platform, Xetra, for the German market on April 28, 2008, exchange officials say.
Microsoft Acquires Parlano
NEW YORK—Operating system and application provider Microsoft has inked a deal to purchase persistent group-chat vendor Parlano, say vendor officials.
Consortium Readies Italian MTF
MILAN—Three Italian banks and one trading firm are awaiting approval by Italian markets regulator Commissione Nazionale per le Società e la Borsa (Consob) to launch their new fixed-income and equities multilateral trading facility (MTF), dubbed Hi-mtf,…
CME Group Begins Floor Consolidation
CHICAGO—The CME Group plans to kick off construction on its trading floor consolidation project this week, say exchange officials.
Cornhill Goes Live with Fidessa
LONDON—Specialist initial public offering (IPO) and pre-IPO brokerage firm Cornhill Asset Management has gone live today, Monday, Sept. 3, with Fidessa's European Trader Workstation (ETW) in its London office, vendor officials tell DWT.
Analyst: True SOA a Pipe Dream
NEW YORK—The age of pure service-oriented architecture (SOA) technology is getting closer, but is still almost a decade away, says James Wolstenholme, research director with Garnter, who spoke at the Gartner Financial Services Technology Summit in New…
Liquidnet Preps LQTS Front End
NEW YORK—Agency broker and crossing network provider Liquidnet is on the verge of entering the second and final integration phase for its trading front end, which it acquired when it bought Miletus Trading, DWT has learned.
Kershner Rolls Out TransactTools' TCM6
NEW YORK—Proprietary trading firm Kershner Trading Group is in the midst of deploying NYSE TransactTools' Trading Connectivity Management 6.0 (TCM6) exchange gateway to replace the firm's internally developed legacy gateway, firm officials tell DWT .
CME Sheds 380 Jobs
CHICAGO—Derivatives exchange CME Group expects to eliminate 380 positions by June 2008 as part of the derived synergies from the July merger of the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT), company officials said last week.
OMX, Verizon Enter Outsourcing Talks
STOCKHOLM & NEW YORK—Swedish exchange operator and technology vendor OMX Group plans to outsource its external network operations and datacenter management and has began partner discussion with U.S. telcom provider Verizon, OMX officials announced last…
SunGard to Link Brass, MicroHedge
NEW YORK—Users of SunGard's sell-side equities order management system (OMS) Brass now have the capability to trade options, routed from the vendor's options-trading product, MicroHedge from a single view, DWT has learned.