News
HSH Nordbank Replaces Terminals, Outsources Data Tech Platform
German bank HSH Nordbank has in the last two months completed a rollout of Reuters 3000 Xtra terminals to replace obsolete Telerate screens at its trading floor in Kiel, with the assistance of Hamburg-based consultancy IT-Spezialist (ITS).
CBOE Proposes Backdated Fees, Ends Cross Rebates
The Chicago Board Options Exchange has asked the US Securities and Exchange Commission to allow it to collect retroactive fees for market data from the CBOE and the CBOE Stock Exchange (CBSX) distributed between April 1 and May 31 this year.
Proquote Broadens Icap OTC Content
Proquote, the data vendor subsidiary of the London Stock Exchange, is expanding coverage of OTC-traded markets through its relationship with interdealer broker Icap, which will see the vendor begin carrying new asset classes and geographic coverage,…
New HS Indexes Track China-HK Disparities
Hang Seng Index Services will today, Monday, July 9, launch the China AH Indexes Series, a set of indexes to track the performance difference between shares of companies with both mainland Shanghai-listed A-shares and Hong Kong-listed H-shares (AH…
CMS Webview Considers Liquidation
UK-based ticker plant and market data technology vendor CMS Webview may be forced to fold later this month when shareholders vote on whether to place the vendor in voluntary liquidation, after failing to make new sales of its TDI ticker plant software.
Amex Readies Level 2 Feed, Uses FAST
The American Stock Exchange is developing a Level 2 feed of equities market depth data for launch in the second half of this year utilizing the FAST (FIX Adapted for Streaming data) protocol to reduce the bandwidth issues associated with market depth…
Reuters Launches OTC Post-Trade Reporting Tool
Reuters is testing a new tool for reporting over-the-counter trades in European equities with a number of medium-sized broker clients, which will help firms comply with the European Commission's Markets in Financial Instruments Directive regulations,…
SWX, Virt-x Prep New Trading Platform
LONDON—SWX Swiss Exchange and Virt-x, its London-based securities exchange, are launching a trading platform based on SWX's X-Stream technology, to address the rising demand for algorithmic and direct market access (DMA) trading, say exchange officials.
Panel: Mifid's Impact on Exchanges Uncertain
LONDON—The future of liquidity after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect is still uncertain, panelists concluded during last week's meeting of the Financial Services Club.
Bombay Exchange Debuts App for Corporates
MUMBAI—The Bombay Stock Exchange (BSE) has released a browser-based trading application to support the development of its exchange-traded market for corporate bonds, dubbed Indian Corporate Debt Market (ICDM), say exchange officials.
BAS to Enhance InstaQuote
NEW YORK—Banc of America Securities (BAS) plans to add strategy engines to its InstaQuote electronic execution system, bank officials tell DWT .
Liffe Preps Liffe Connect Upgrade
LONDON—European derivatives exchange Liffe, formerly Euronext.liffe, plans to release new versions of its electronic trading platform, Liffe Connect, by the end of this year, DWT has learned.
FSA Mulls MTF Oversight
LONDON—Prodded into action by Her Majesty's Treasury (HMT) proposing a modernization of its Stamp Duty relief policy in February, the U.K.'s Financial Services Authority (FSA) released a discussion paper investigating possible strategies for the…
TSX Slaps Pure Trading with Copyright Lawsuit
TORONTO—The Toronto Stock Exchange (TSX) filed a C$101 million ($96.3 million) copyright infringement suit in the Superior Court of Justice in Ontario last month against Pure Trading and its parent company, Canadian Trading and Quotation System (CNQ)…
Report: 25K New Trading Positions by 2010
TAUNTON, U.K.—The global need for new traders will rise by 7 percent, to approximately 25,000 new trading positions, according to a white paper recently published by industry research firm Kimsey Consulting.
BNP Buys Into Turquoise
French banking giant BNP Paribas announced that it has taken a 3 percent stake in the multilateral trading facility (MTF) known as Project Turquoise, various media outlets were reporting at press time.
FISD Sets Up Data Piracy Committee
Industry association FISD has established a committee to address the worsening problem of market data piracy, which leaves data providers unable to compete in countries where piracy is rampant.
AC Capital Takes On-Demand CDO² Pricing
Dublin-based asset manager AC Capital Partners last week went live using derivatives pricing and risk analytics from UK-based vendor CDO², running on a pay-on-demand grid computing solution from Sun Microsystems’ Network.com subsidiary.
Nasdaq Makes Data Available via Web
Nasdaq last month began providing direct access to a number of its market data and analytical products via its Web site, eliminating the need for consumers of the data to develop specific feed handlers to receive the data.