News
OILspace to Add LME Data
Web-based energy data and analytics provider OILspace will next month roll out quote and trade data for metals and plastics contracts traded on the London Metal Exchange to its OILwatch data portal.
PHLX Buy Broadens Nasdaq Options
NEW YORK-In an effort to beef up and diversify its options market approach, the Nasdaq Stock Market announced its intention to acquire the Philadelphia Stock Exchange (PHLX) in a deal set to close in the first quarter of 2008, say exchange officials.
CSI Reduces Risk for Outsourcing Deals
NEW YORK-Investment banks looking to outsource now have a consistent electronic method of capturing data privacy and information technology security as Portland, Ore.-headquartered Collaborative Software Initiative (CSI) is in the midst of developing an…
CIOs: IT Budgets Not Feeling the Credit Blues
LONDON-Although some investment banks are writing down the worst earnings in their histories due to the meltdown in the credit markets, many banks' IT organizations aren't feeling the budgetary pain, according to a number of bank CIOs.
CLSA Upgrades Trading Platform
HONG KONG-To keep up with growing trade and messaging volume due to algorithmic trading, broker Credit Lyonnais Securities Asia (CLSA) is in the process of deploying the next generation of its trading platform, FMS, say broker officials.
Icap Debuts Low-Latency Connectivity
LONDON-Fixed-income and foreign-exchange (FX) traders in North America have a new option to connect to inter-dealer broker Icap's BrokerTec and EBS platforms: a new low-latency connectivity service, dubbed i-Cross, say officials.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
HSBC to Add Multi-Leg Support to Fierce
LONDON-Developers at HSBC are busily working on adding support for multi-legged trades to the bank's internally developed asset-agnostic trading platform, bank officials tell DWT .
Weeden Preps LMS Launch
NEW YORK—Agency brokerage Weeden & Co. plans a soft launch of its OnePipe liquidity management system (LMS) in a matter of weeks, say brokerage officials.
LIM Enables Spreadsheet Sharing
Chicago-based derivatives and energy data provider Logical Information Machines will this week announce a partnership with Team and Concepts, a Hong Kong-based provider of online spreadsheet technologies, to enable users in multiple locations to use the…
NSX Rebates Target ECN Flow
The Chicago-based National Stock Exchange has restructured its market data and liquidity rebates in a push to attract higher order volumes from ECNs and alternative trading systems.
SFTI Eyes Asia Exchange Connectivity
NYSE TransactTools, the technology subsidiary of NYSE Euronext, is rolling out its industry-mandated SFTI (Secure Financial Transaction Infrastructure) network for data and trade communication to Asia, to provide exchange connectivity and order routing…
FISD, Asia Firms Ready Data User Group
Market data officials at a number of trading firms and FISD members in Hong Kong, Singapore and Australia are pooling their expertise to set up a market data user group organization focused on the Asia-Pacific markets, with the assistance of industry…
Stockgroup Takes Broker Clients Mobile
Vancouver-based financial data provider Stockgroup is developing a wireless real-time market data solution for brokerage firms to roll out to clients, which the vendor plans to release in January, officials say.
Platts Adds OTC ICE Data
Energy and commodities information provider Platts, a subsidiary of McGraw-Hill, has added OTC pricing data from Atlanta-based IntercontinentalExchange to its forward curve data products. The ICE data covers North American natural gas and electricity…
Boat Data Suffers Choppy Launch
Reuters suffered problems displaying data from trade reporting utility Boat at its launch last week because of anomalies in the way that many contributing banks provided their pre-trade quotes, while Bloomberg is still ironing out contractual issues for…
Reuters to Name Execs; Rowlands to Leave
Devin Wenig, CEO-elect of the Reuters business line within the proposed merged Thomson-Reuters, will name the vendor’s new executive management team Monday, Nov. 5, IMD has learned.
Markit Prepares New Desktop Features
UK-based data vendor Markit has added a portfolio upload tool to version 1.1 of its Markit Desktop data product, and plans to add additional content sets, enhanced graphics and the option of a Web-based interface in future releases.
BvD Grows Sinorating China Data, Revamps Interface
Belgium-based fundamental data provider Bureau van Dijk (BvD) is integrating company data from more than 300,000 Chinese corporations into its international data products following a deal with Sinorating, a subsidiary of Chinese state-owned credit…
GFI to Take FX Options-Specific Trades Electronic
NEW YORK—Interdealer broker GFI Group plans to support trading of foreign exchange (FX) derivatives-specific contracts on its electronic FX derivatives trading platform, Forex Match, in early 2008, say firm officials.
CBOE to Debut Flex Options Platform
CHICAGO—After 15 years of floor trading, the Chicago Board Options Exchange (CBOE) plans to introduce electronic trading of its Flexible Exchange (Flex) options on its new CboeFlex.net trading platform, DWT has learned.