Trading Tech
CBOE Eyes 12-Month Latency Cuts
The Chicago Board Options Exchange is in the middle of an ongoing project to reduce data and transaction latency across its trading systems to less than 100 microseconds, building on existing latency reductions achieved as a result of moving its primary…
Startup Fund Linkul Value Taps YCharts
Startup asset manager Linkul Value Management has signed up to use Chicago-based YCharts’ online fundamental data analysis platform for historical analysis and running reports to create pitch books to attract investors.
Spreadsheets Still Rule, But for How Long?
Automation is good, but comfort can sometimes prove better. Anthony questions why Excel spreadsheets are still so prevalent on the buy side, especially at new firms that can choose their own path with new, advanced data management tools.
OptionsCity Colocates in Equinix in Frankfurt
OptionsCity, a Chicago-based provider of trading solutions for futures and options, has chosen the Equinix data center campus in Frankfurt as its hub for access to German derivatives exchange Eurex.
SuperDerivatives Lays out DGX 2014 Roadmap
Over-the-counter pricing and risk management software vendor SuperDerivatives is building out content and functionality on its DGX market data terminal, following the completion of the first-phase rollout of "must-have" data and functionality components…
S&P CapIQ Expands Asia Market Connectivity
S&P Capital IQ plans to extend its low-latency network to new liquidity centers in the Asia-Pacific region over the coming months, including Korea, India and Thailand, in an effort to meet growing customer demand for real-time exchange data.
Saxo Bank Launches Social Trading Floor
Copenhagen-based Saxo Bank has launched the beta version of its new social media-style trading floor.
Equinix Readies Sixth London Datacenter
Datacenter provider Equinix plans to build a new datacenter, dubbed LD6, at its Slough datacenter campus outside central London, to meet demand for rackspace from financial services customers.
European Insurer Uniqa Taps SimCorp for Structured Products
Austrian and Central European insurance firm Uniqa Group AG, with €26 billion in assets under management, will use XpressInstruments to manage its structured products support.
Kaminski: Risk Management Investment Must Go Beyond IT
While Wall Street firms have recently thrown money into their risk management systems, that is likely a short-term trend, says Vincent Kaminski. This makes it all the more necessary for asset managers to invest in analysts and give them the ear of the…
BAML Consolidates Options Algorithms
Bank of America Merrill Lynch (BAML) has streamlined its algorithmic offerings for options trading, consolidating them into four strategies.
US Treasuries' Trading Quietly Under Transformation, Panel Says
At a TabbForum event last week, a quartet of buy-side and sell-side participants highlighted how electronic trading in treasury bonds has advanced in the past 12 months, even if they've done so with little fanfare. Both opportunities and apprehension…
Omega Securities Inc Adds CEO, ATS
Omega Securities Inc. (OSI), operator of the Toronto-based Omega ATS, installed a new CEO in November. In February it will debut a new alternative trading system (ATS). In April that new ATS will come out with a new pricing model.
Indian Regulator Plans HFT Conference
The Securities and Exchange Board of India (Sebi) has announced plans for a two-day conference next week, aimed at discussing the market risks associated with algorithmic and high-frequency trading (HFT).
Savvis to Maintain Financial Focus, Post-Name Change
Officials at network and hosting provider Savvis say the vendor remains committed to its capital markets cloud and co-location customers, after retiring the Savvis brand and changing its name to CenturyLink Technology Solutions (CTS) in a bid to…
xCelor Debuts Single-Digit Nanosecond Data Switches
Chicago-based low-latency switching and data technology vendor xCelor has begun rolling out its family of xPort Layer 1 network switches, which replicate data from feeds without performing other processing tasks, to minimize port-to-port latency to…
We'll Connect to Only Five or Six SEFs, Say Buy-Siders
If the two buy-side representatives from a Tabb Group conference panel are typical, then firms are not interested in connecting to all 22 swap execution facilities (SEF) on the market. Speakers from Babson Capital Management and Vanguard Group said they…
SGX to Introduce Circuit Breakers in February
The Singapore Exchange (SGX) has announced it will introduce circuit breakers in the securities market starting February 24.
Kensho Unveils Warren, a Natural-Language Query ‘Virtual Research Assistant'
Cloud-based analytics provider Kensho has enlisted asset managers and research teams to test Warren, a "virtual market research assistant" developed for the financial markets that understands and responds to queries asked using natural language.
Traiana Connects to Pre-Trade Repositories for Emir Reporting
Traiana, the New York-based provider of post-trade services owned by UK interdealer ICAP, has announced it will connect to four trade repositories through its Harmony TR Connect trade reporting service to ease regulatory reporting.
SMA Launches Social Media Analytics for Active Traders
Social Market Analytics, a Naperville, Illinois-based provider of trading signals based on social media sentiment, has released three new products aimed at active traders, in addition to its existing SmartStation workstation product for institutional…
Euroclear Bank and NSD Launch Post-Trade Services for Russian Bonds
Eurolcear Bank and the Russian National Settlement Depository (NSD) are to launch their post-trade services for the Russian corporate and municipal bonds market on January 30 this year.
Etrali Partners with Natterbox for Voice Recording Solution
Etrali Trading Solutions has partnered with UK-based voice intelligence provider Natterbox to provide the first regulatory compliance solution for mobile and fixed recording, archiving and analytics services via a private cloud.
Numerix Integrates CrossAsset with Matlab Environment
Analytics provider Numerix has announced that its CrossAsset Integration Layer is now fully operable within the Matlab environment, a programming language developed by MathWorks.