Trading floor technologies
On Point Migrates Networks
NEW YORK-Users of agency brokerage On Point Executions' smart order routing platform and matching engine for equities options, Sting, will have their connections migrated onto an updated version of the platform over the next few weeks, say firm officials.
Smart Routing No Longer Just an Option
LONDON-With the rise of multilateral trading facilities (MTFs) in the post-Markets in Financial Instruments Directive (Mifid) environment, investment banks can't delay implementing smart order routing if they wish to remain competitive, say industry…
Orange Business Services Expands China Presence
BEIJING & SHANGHAI-Orange Business Services has acquired the trading activities sector of its Chinese exclusive distributor, Dataway, DWT has learned.
UNX Launches Component-based Algorithms
NEW YORK-Agency brokerage UNX has released five new trading algorithms today, Nov. 26, officials tell DWT .
Merrill Lynch Upgrades Trading Floor Communications
NEW YORK-As part of a multi-year program to standardize its trading floor communications infrastructure, Merrill Lynch will deploy approximately 4,000 IQ/Max trading turrets and related software and services from IPC over the next several quarters, say…
Cinnober Launches SI Platform
STOCKHOLM-An unnamed global investment bank plans to deploy the TradExpress trading engine from trading platform provider Cinnober Financial Technology to handle its systematic internalized trades, vendor officials tell DWT .
Panel: FX Algos No Longer Just for the Large Players
LONDON-Gaining an edge on foreign exchange (FX) execution via trading algorithms is no longer solely the domain of the largest FX dealers, say several industry experts.
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.
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.
Banca Aletti Outsources SSO to Hi-mtf
MILAN—Italian bank Banca Aletti has outsourced its sistemi di scambi organizzati (SSO), or alternative trading system (ATS), functions to fixed-income and equities multilateral trading facility (MTF) Hi-mtf, officials tell DWT .
FutureTrade Links to Emerging Markets
NEW YORK—Clients of electronic agency brokerage FutureTrade should be able to access the Asian and Latin American markets within weeks, brokerage officials tell DWT .
UNX Opens Trading Service Bureau
NEW YORK-Agency brokerage UNX announced today, Oct. 15, that is now offering its suite of execution and algorithmic trading offerings as a service bureau, DWT has learned.
FPL Preps Algo Schema Launch
LONDON-The new FIX Algorithmic Trading Definition Language (FIXATDL) is set to launch in the first quarter of 2008, FIX Protocol Ltd. (FPL) officials tell DWT .
Fimat to Develop Margining Module
NEW YORK-Global brokerage Fimat Group will be looking to develop new technology to create a convertible bonds portfolio margining module to be available in the first quarter of next year, brokerage officials tell DWT .
Capis to Distribute Research Via Pivot
DALLAS-Agency brokerage Capital Institutional Services (Capis) announced today, Oct. 1, that it will start distributing independent research via AOL Instant Messenger (AIM) connections using the Pivot 360 platform from Pivot.
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…
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…
Stanford Deploys Fidessa OMS
NEW YORK—Brokerage Stanford Group Co. has gone live with Fidessa's fully hosted trading platform as an order management system (OMS) for its U.S. operations, vendor officials tell DWT .
Calyon Rolls Out Etrali Turrets in Asia
HONG KONG & TOKYO—Global investment bank Calyon Capital Markets is in the midst of installing 400 Mach 3D turrets from Orange Business Services (OBS) Trading Solutions, née Etrali, across Asia, vendor officials tell DWT .
InfoReach Debuts Web-based EMS
NEW YORK—Financial trading software vendor InfoReach announced the release of its light-weight Web-based execution management system (EMS), dubbed BrokerReach, today, Sept. 10.
Pipeline Trading Preps Algo Switching Engine
NEW YORK—Crossing network provider and agency brokerage Pipeline Trading is set to release a new prediction engine with a suite of third-party algorithms in the coming weeks, DWT has learned.
Cornhill Goes Live with Fidessa
LONDON—Specialist initial public offering (IPO) and pre-IPO brokerage firm Cornhill Asset Management has gone live today, Monday, Sept. 3, with Fidessa's European Trader Workstation (ETW) in its London office, vendor officials tell DWT.
Liquidnet Preps LQTS Front End
NEW YORK—Agency broker and crossing network provider Liquidnet is on the verge of entering the second and final integration phase for its trading front end, which it acquired when it bought Miletus Trading, DWT has learned.
SunGard to Link Brass, MicroHedge
NEW YORK—Users of SunGard's sell-side equities order management system (OMS) Brass now have the capability to trade options, routed from the vendor's options-trading product, MicroHedge from a single view, DWT has learned.