News
DZ Bank Readies VWD Terminal Rollout
Frankfurt-based Deutsche Zentral-Genossenschaftsbank (DZ Bank) is preparing a major initiative to roll out new market data terminals from local vendor VWD to service thousands of end users over the course of 2008, sources tell Inside Market Data .
Equiduct Debuts Pan-European VBBO Feed
European equity market operator Equiduct Trading will this week launch its Virtual Best Bid and Offer (VBBO) feed of data for equities listed across European markets, and will start publishing real-time VBBO data on a select number of securities via its…
Weisel Taps Pivot for Research Distribution
San Francisco-based investment bank Thomas Weisel Partners is rolling out technology from messaging and collaboration infrastructure vendor Pivot for distributing research, prices and indications of interest via instant messaging, officials say.
Thomas Weisel Deploys Pivot
SAN FRANCISCO-Investment banking firm Thomas Weisel Partners is in the midst of a global and enterprise-wide rollout of the Pivot 360° secure instant messaging platform, vendor officials announced today, March 31.
Korea Gains First ATS
SEOUL-Agency broker and alternative trading system (ATS) operator Instinet and Korean investment bank Samsung Securities Co. announced the creation of an anonymous securities crossing network, dubbed KoreaCross, today, March 31.
Cisco Preps Latency Management Offering
NEW YORK-Networking equipment and management provider Cisco Systems' financial services group is working to develop industry-wide solutions to mitigate latency for financial services, DWT has learned.
FIXATDL Set for Q2 Debut
LONDON-Deploying new trading algorithms and orders types should get easier this year as messaging standards body FIX Protocol Ltd. (FPL) expects to launch its FIX Algorithmic Trading Definition Language (FIXATDL) by the end of the second quarter, FPL…
SunGard STN Lands in U.K.
LONDON-SunGard Transaction Network's (STN's) trading and connectivity offerings are now available in the U.K., coinciding with STN's recent operational approval by the U.K.'s Financial Services Authority (FSA), vendor officials announced today, March 24.
Icap Reorganizes Info Services
Interdealer broker Icap has reshuffled its Information Services division, giving new responsibilities to some of the broker's senior data executives.
Wall Street Source Launches Free News Portal
New York-based news aggregator and technology provider Wall Street Source will this week launch a new service via its Web site that consolidates news stories scraped from publicly-available sources on the Internet, in a bid to drive new business to the…
Nasdaq: "Mutual Recognition" Threatens Data Products
Nasdaq OMX has voiced concerns that the concept of so-called "mutual recognition" currently being examined by US regulator the Securities and Exchange Commission could put US-based exchanges' data products at a competitive disadvantage against their…
ISE Streamlines Depth Messages
The International Securities Exchange has begun testing version 5.3 of its depth of market data feed, which will dramatically reduce the volume of information sent out in data messages, officials announced last Tuesday, March 18.
Xignite Expands On-Demand Data Content
Web services data vendor Xignite is increasing the breadth of content available on-demand via its online distribution platform, which developers can use to create Web mashups and applications on the fly without needing to write hard coding and interface…
Blue Systems Adds Icap OTC Content
UK-based data and trading technology vendor Blue Systems is to roll out over-the-counter market data from interdealer broker Icap next month, to broaden the vendor's content coverage beyond its original focus on exchange-traded equities and currency…
Court Ends Nymex-ICE Price Dispute
The US Supreme Court last week denied the New York Mercantile Exchange's appeal against the IntercontinentalExchange over ICE's unlicensed use of Nymex's settlement prices.
ODL Capital Deploys Fixcity's Ioinet
LONDON-Institutional brokerage ODL Capital (ODLC) has gone live with Fixcity's indication-of-interest (IoI) distribution platform Ioinet, say vendor officials.
NYSE Euronext, ADSM Ink Pact
NEW YORK & ABU DHABI-In a move to further expand its global presence, NYSE Euronext has signed a cooperation agreement with the Abu Dhabi Securities Market (ADSM), officials tell DWT .
CME Acquires Nymex
CHICAGO & NEW YORK-After extending exclusive acquisition talks, Chicago Mercantile Exchange operator CME Group has announced its purchase of the New York Mercantile Exchange (Nymex) for $9.4 billion in cash and stock.
Arbitragis Picks Quant House for Arb Algos
French proprietary trading firm Arbitragis has begun using low-latency market data from local vendor Quant House to power its algorithmic arbitrage trading strategies, officials say.
HKEx Preps Remote Participation
HONG KONG-The Hong Kong Exchanges and Clearing (HKEx) is in discussions with telecommunications giant BT's Global Financial Services division to distribute market data and possibly trading capabilities via the vendor's RadianzNet financial intranet,…