News
Hedge Funds Warned of Fair Value Challenges
The Financial Accounting Standards Board's Statement (SFAS) 157 has created a rougher playing field for hedge fund managers attempting to derive fair value for securities, according to panelists at a Managed Funds Association seminar in New York last…
Deloitte: Modify Data Apps for Options Symbology Changes
Preparation for conversion to revamped US options instrument identifiers in 2009 must encompass systems across user firms, including applications for market data, trading and data collection, rather than exclusively back-office systems, according to…
RTI Enlists Coral8 for CEP-Enabled Middleware
Real-Time Innovations, a Santa Clara, Calif.-based provider of real-time messaging middleware has licensed software from Mountain View, Calif.-based complex event processing (CEP) vendor Coral8 to boost the CEP capabilities available as an integrated…
Börse Berlin Buy Will Fund Equiduct Feed
German regional exchange Börse Berlin is to buy a majority stake in MiFID-inspired pan-European stock market Equiduct.
Wiener Börse to Collect and Publish MiFID OTC Data
Austrian exchange Wiener Börse has launched a new trade publication service to help its members comply with the European Union's Markets in Financial Instruments Directive.
Interactive Data Combines Exec Roles
Interactive Data is combining several management roles across its divisions, as part of an effort to unify its units and operate as "one company."
Nasdaq Preps Options Data Products
Nasdaq has released the specifications for two forthcoming proprietary options data products that will accompany the launch of its Nasdaq Options Market, in addition to making its options data available via the Options Price Reporting Authority's…
MiFID Challenge Is Integration, Not Volumes
The market data infrastructures of data vendors and end-user firms in Europe should be able to cope with the increases in market data expected as a result of the Markets in Financial Instruments Directive's transparency rules and from new trading venues…
Looking for America
As investment banks look to expand in emerging markets, DWT U.S. reporter Oksana Poltavets sits down with Fimat Group's North American managing director for equities Douglas Engmann to discuss what the coming year has in store for wholly owned subsidiary…
Panel: Watershed Moment for Trading
LONDON-The trading environment is on the eve of tectonic changes due to new technology and regulations, as well as increasing competition, say investment bank and exchange officials, who spoke during a roundtable hosted by networking vendor Colt Telecom.
Icap Enters Second Phase of Reuters Rollout
HONG KONG-Interdealer broker Icap is in the midst of its second phase of deploying the Reuters Market Data System (RMDS) in its Asia-Pacific offices. The latest phase consists of backend development for sharing data between Icap's core data platform and…
Chicago Board of Trade Suffers E-Trading Snag
CHICAGO-Electronic traders using the Chicago Board of Trade's (CBOT's) e-cbot trading platform experienced a two-hour trading halt on Wednesday, according to exchange officials.
Cisco Launches Faster UDP Lookalike
Routing and networking technology provider Cisco Systems will this week announce a new software product dubbed DAL (Datagram Acceleration Layer), designed for use with InfiniBand networking within low-latency data platforms and automated trading…
Tervela Unveils Messaging Appliance, Feed SDK
Tervela, a provider of hardware-based messaging infrastructures, will next month release a software development kit (SDK) that trading firms can use to develop feed handlers for capturing and normalizing data from incoming feeds for distribution over…
Tenfore Preps Low-Latency Ticker Offering
UK-based data vendor Tenfore Systems plans to license the ticker plant technology that it uses to collect and normalize data for its own consolidated feed to trading firms for use in low-latency applications.
Capis Rolls Out Hosted Fidessa
DALLAS—As part of a major technology upgrade, agency brokerage Capital Institutional Services (Capis) is in the midst of decommissioning its internally developed equities trading platform and deploying a fully hosted solution from order management system…
Savvis Launches Co-location Service
NEW YORK—IT infrastructure provider Savvis is looking to aid prime brokers and their buy-side clients with the introduction of the vendor's new Proximity Hosting service, which was announced today, Sept. 17.
Tervela Offering Cuts Routing Latency
NEW YORK—Emerging from stealth mode today, Sept. 17, hardware-accelerated messaging vendor Tervela announced that it has helped an unnamed tier-1 bank achieve sub-millisecond order-routing latency, sources tell DWT .
Savvis Co-Lo Cuts Hedge Fund Latency
Network and hosting provider Savvis will this week unveil a proximity hosting service that enables trading firms to locate servers running their algorithmic trading systems inside the vendor's Weehawken, NJ datacenter, for low-latency connectivity to…