Sell-Side Technology/News
BarCap Expands FX Algo Trading
LONDON—Barclays Capital (BarCap), the investment banking division of Barclays Bank, has launched PowerFill Orders, which provides a wider range of foreign exchange (FX) trading capabilities on the investment bank's multi-asset e-commerce platform,…
StanChart Launches Straight2Bank
HONG KONG—Standard Charted announced late last week the launch of its Straight2Bank e-banking platform for cash, trade, foreign exchange and securities servicing, bank officials tell DWT .
Eurex, ISE to Keep Separate Platforms
NEW YORK—Eurex and the International Securities Exchange (ISE) announced last week that they have signed a definitive agreement under which Eurex will acquire ISE for approximately $2.8 billion in cash, but there are no plans to consolidate their…
Mifid Morphs Trade Cost Analysis, Says Industry
LONDON—The days of post-trade transaction cost analysis (TCA) is quickly being supplanted by institutional investors' desire for real-time pre-trade analytics, say industry insiders.
Panel: 'Direct Market Access Is Dead'
LONDON—Direct market access (DMA) execution will be going the way of the dodo bird in the face of Regulation NMS in the U.S. and the E.U.'s Markets in Financial Instruments Directive (Mifid), which will further facture market liquidity, say industry…
Generating Reporting Magic
Founded in May 2004, prime broker Merlin Securities has carved out a clientele with its report offerings. DWT editor Rob Daly sat down with Merlin Securities CTO Amr Mohamed to discuss how the 45-person firm's technology offering makes the difference in…
Plus Markets to Upgrade Trading Technology
LONDON—Plus Markets Group is to embark on a £6.7 million ($13.3 million) upgrade to its trading technology involving Swedish exchange operator and technology provider OMX, Plus Markets officials say.
BNY ConvergEx Preps For Reg NMS
Just over six months ago, The Bank of New York (BNY) partnered with buy-side order management system provider Eze Castle Software and private equity firm GTCR Golder Rauner to launch the institutional trading and investment technology firm BNY ConvergEx…
Dexia, AEMS to Develop Mifid-Ready ORM
PARIS—Dexia Securities, a division of Benelux-based Dexia Bank, announced recently that it has formed a partnership with Atos Euronext Market Solutions (AEMS) to develop an order management relationship (ORM) for the post-Markets in Financial Instruments…
Sybase, Quant House to Deliver Trading Strategies
PARIS—Enterprise infrastructure and mobile software provider Sybase and program trading solutions provider Quant House announced an alliance last week to deliver a solution for algorithmic trading strategies for backtesting and regression testing for…
SEB to Offer Cross-Asset Algos
PARIS—Stockholm-headquartered Skandinaviska Enskilda Banken (SEB) will offer multi-asset class algorithmic trading starting in the third quarter of this year using platforms from transaction management solutions provider Ullink and application…
Panel: Mifid Offerings Clog Market
LONDON—New market facilities and services that are popping up in the face of the E.U.'s Markets in Financial Instruments Directive (Mifid) are becoming giant question marks for the financial community, industry watchers say.
FPL: FIX 5.0 Is Gaining Ground
PARIS—The latest release of the FIX protocol, version 5.0, is becoming a common language among financial firms, say officials from the FIX Protocol Ltd. (FPL), who spoke last week at the TradeTech conference in Paris.
Wombat Targets Algo Trading
LONDON—Market data feed handler Wombat Financial Software plans to release an algorithmic trading platform within a matter of weeks, DWT has learned.
Colt to Link First Proximity Services Client
LONDON—Colt Telecom, a European provider of business communications services, has signed a contract with its first customer to provide connectivity to the Deutsche Börse using the exchange's Proximity Services.
Plus Markets Preps for RIE Status
LONDON—As part of its plan to attain recognized investment exchange (RIE) status by the U.K.'s Financial Services Authority (FSA), market operator Plus Markets Group is currently working to improve its systems, Plus Markets officials tell DWT .
Sun, Fujistu Launch Enterprise Server Line
NEW YORK—Software and server providers Sun Microsystems and Fujitsu recently launched a co-developed line of high-end enterprise servers, dubbed Sparc Enterprise Servers, officials from both vendors tell DWT .
Saga Rolls Out Orc Front Office
AKIREYRI, ICELAND—In preparation for its first day of trading, Iceland's Saga Capital Investment Bank has deployed multiple platforms from Orc Software for the bank's first day of trading on May 1, bank officials tell DWT .