News
Need for Speed Dominates Sifma 2007
NEW YORK—Attendees to last week's Securities Industry and Financial Markets Association's (Sifma's) technology management conference faced more than just a new name forthe show.
SGX to Offer Radianz Proximity
LONDON—To address the rising tide of foreign algorithmic traders, the Singapore Exchange (SGX) announced that it has adopted the Radianz Proxmity Solution from BT for the exchange's derivatives market, say SGX officials who spoke at a jointly hosted…
Panel: Industry Puts Low-Latency in Check
LONDON—The quest for ultra-low-latency execution in algorithmic trading was put in check by industry participants at the FIA/FOA International Derivatives Conference 2007, held in London last week.
Activ, Skyler Integrate with Reuters
Low-latency data provider Activ Financial has created an interface between its direct and consolidated market data feeds and the Reuters Market Data System. The Activ RMDS Gateway allows Activ to deliver its feeds directly into customers' existing RMDS…
WestLB Outsources Data Tech to Reuters
German bank WestLB has migrated its market data infrastructure to a solution supported by Reuters, which is now hosting the bank's Reuters Market Data System (RMDS) data backbone and all datafeed connectivity at BT Radianz sites in London and Düsseldorf.
Savvis to Host Direct Exchange Connectivity
Network and hosting provider Savvis is setting up a service that will allow trading firms to cut latency by locating the servers that run their algorithmic trading engines in its Weehawken, New Jersey data center, directly alongside the trading engines…
Amex Plans Last Sale Pilot
The American Stock Exchange has proposed a one-year pilot program to allow market data vendors to disseminate last sale prices for Amex trades on a real-time basis for a flat monthly fee.
Mitsubishi Preps Tick Data for Auto Hedging
The rates trading group of Japanese securities trading firm Mitsubishi UFJ Securities International is in the process of implementing a tick capture database comprising Aleri's Streaming Platform and Sybase's Risk Analytics Platform to support the firm's…
IDC's Analytix Direct Bows in US
Interactive Data is rolling out its Analytix Direct risk analytics system to the North American market, to address data consolidation and region-specific risk factors.
Quant House Adds Deutsche Börse CEF
French low-latency data and trading technology vendor Quant House has begun providing Deutsche Börse's CEF feed of data from the Xetra cash and Eurex derivatives markets via its proprietary fiber-optic network, which allows the vendor to cope with peaks…
TSX Launches Low-Latency SFTI Feed
The Toronto Stock Exchange is this month installing communications lines to provide firms in the US with low-latency access to TSX market data via the Secure Financial Transaction Infrastructure (SFTI) network.
Orc Launches FAST Data Integration App
Swedish trading technology and market data vendor Orc Software will launch a new application, dubbed CameronFAST, to support data transfer using the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol at this week's SIFMA show.
Yipes Readies LSE Ethernet Feed
The London Stock Exchange is preparing to provide US clients with low-latency Ethernet access to its Infolect datafeed, under a new agreement with US-based Ethernet network provider Yipes Enterprise Services.
Pricing Direct Adds Swaptions
Bear Stearns' Pricing Direct division has added swaptions pricing to its evaluated pricing service, and is planning more expansions to its service and international operations, depending on client demand, officials say.
Icap Upgrades
It's never a dull moment in the world of the inter-dealer community as firms integrate voice- and electronic-trading businesses in order to maintain their positions within the competitive landscape. DWT editor Rob Daly sat down with Icap's Global CIO Jay…
LSE Takes TradElect Live
LONDON—TradElect, the London Stock Exchange's (LSE's) new trading platform, has gone live today, June 18.
BNY ConvergEx Launches EMS
NEW YORK—Global agency broker BNY ConvergEx announced that it has added execution management system (EMS) functionality to version 5.7 of its Eze Castle order management system (OMS), vendor officials announced last week.
GigaSpaces Releases Middleware Platform
LONDON—Grid computing vendor GigaSpaces Technologies announced the version 6.0 release of its Space-based architecture platform under its new name, eXtreme Application Platform (XAP), during its first European user conference last week.