Feature
Divining the Future for Exchanges
With the number of multilateral trading facilities (MTFs) on the rise, can primary exchanges survive by following a "business as usual" strategy? DWT asks Ian-Patrick Lauder, Head of Trading Services at PLUS stock exchange, what exchanges must do to be…
Navigating the European Markets in 2010
As 2010 sets to unwind, market participants continue to face the challenges of finding liquidity and achieving best execution in a fragmented marketplace. DWT sits down with Michael Krogmann, Executive Director, Head of Sales, Xetra Market Development…
IT’s Moment to Shine
Technology Awards (AFTAs)
A New World Order
Cover Story
George Michaels, principal, G2 Systems
60 Seconds with
News In Numbers
Numbers
Editor's Letter - Bigging-up the back office
From a buy-side perspective, the front office has traditionally been where all the sexy action takes place. And rightly so. It's the area of the business directly responsible for performance. Come to think of it, the front office is a bit like the engine…
Speculators in the crosshairs
The Commodity Futures Trading Commission (CFTC) is considering implementing position limits for buy-side players trading energy products, potentially restricting the number of positions traders can take on futures exchanges. Stewart Eisenhart reports
Dabbling in the dark
Dark pools started to appear as early as a decade ago in the US market, but it has only been over the course of the last two years that they have attracted sufficient liquidity – perhaps as much as 12% of US equity orders and 4% in Europe – to make them…
Adapt or die
Smart order routing is not a new phenomenon for buy- and sell-side organisations, but the tools that let firms route trades according to their own specific criteria have evolved significantly over the last two years. Gone are the days when these…
Algorithmic News Gathers Pace
News providers found new ways to deliver and present their content to users during 2009, notably by broadening and reducing the latency associated with machine-readable news offerings as algorithmic and high-frequency traders increasingly seek to…
Exchanges, ATSs Battle for Share
2009 was a tough year for exchanges worldwide, especially in Europe, where continued fragmentation has resulted in lower market share for most incumbent markets at a time of subdued trading volumes compared to 2008.
Guest Editorial - Evolving to Meet New Challenges
Ray D'Arcy recaps the year in which he became president and CEO of Interactive Data Corp., and looks ahead to 2010
Regulators Take Aim at Flash, High-Frequency Trading
Regulators spent much of early 2009 in the spotlight for failing to spot and halt Ponzi schemes like Bernie Madoff's, but shifted the focus in the latter half of the year to practices surrounding algorithmic and high-frequency trading, to the distress of…
Economic Woes Drive Data Caution
The economy continued to overshadow data strategies and decisions in 2009, and even though the markets have shown a swift recovery in some quarters, continued uncertainty about the economic climate is prompting firms to take a cautious approach to…
Latency: Industry Ups Focus on Measurement
The race to zero of eliminating latency from data distribution and processing continued apace in 2009, though firms also became more critical of their ability to accurately measure latency, to assess their status compared to their peers.
Users Rethink, Re-organize as Costs Remain Key
With budgets strained by weak economic conditions, firms across the industry embarked on a series of initiatives this year to wring out cost savings and reap efficiencies across their global data operations.
CEP Consolidates Position as Technology Matures
Complex event processing software vendors pushed into new business areas in 2009 as CEP gained adoption for mainstream applications, and to mitigate the impact of the economy with a diversified product set.
Vendors Vie for Share with New Platforms
Though Thomson Reuters and Bloomberg maintained dominant market shares and unveiled major initiatives in 2009, other data providers launched their own projects to broaden their client bases as they vie with rivals for the remainder of the market.
Data Consumers Spend for Technology Edge
Difficult operating conditions prevailed in the aftermath of the financial crisis, but user firms continued to invest in data technologies to give them an edge over rivals during 2009, either in the speed of sourcing and processing data, or in quality of…
Emerging Markets Appeal Lingers, Bucking Global Trends
Despite the recent crisis in Dubai, emerging markets as a whole continued to grow as a combination of commoditization and the global economic crisis forced investors to look further afield for returns on capital.
Safety in numbers
One isn’t just the loneliest number – it can also be the most dangerous. The traditional ‘single-prime’ hedge fund model, severely tested at the close of 2008, is a case in point, as hedge funds move towards multiple prime broker relationships. By…
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