Trading Tech
CME Set to Conclude Nymex Migration
NEW YORK-Operators of the Chicago Mercantile Exchange (CME), the CME Group, are nearing completion of moving legacy New York Mercantile Exchange (Nymex) systems onto CME platforms, CME Group officials tell DWT .
Global IT Spending Set to Rise
NEW YORK-Budget makers in the securities and investment vertical can expect to see between a 2 percent and 4 percent increase in IT spending in 2010, depending on their geographic location, conclude the authors of a recent white paper published by…
Exchanges: Unfiltered Ban Won't Stop Fat Fingers
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposed rule change banning unfiltered market access will not stop as many erroneous trades as widely believed, say exchange representatives who recently spoke at a conference on the topic.
Knight Link Targets Scandinavia
LONDON-Electronic broker Knight Capital plans to expand the European coverage of its Knight Link crossing network to include the Nordics beginning in February, DWT has learned.
Reuters Bows Asia Fragmentation Tools
Thomson Reuters is rolling out new analytical tools to clients in Asia, to help Japanese trading firms deal with liquidity fragmentation, which market participants expect to increase as the Tokyo Stock Exchange's new Arrowhead trading system drives wider…
Banking on the FSA
One of my favorite quotes comes from U.S. newspaperman and author Damon Runyon: "The race doesn't always go to the swift nor the battle to the strong, but that's the way the money bets." It doesn't give you that warm fuzzy feeling you get when discussing…
New Year's Revolutions
After a cold and snowy Christmas and New Year, it warmed my heart to see further signs of an economic thaw in 2010-if not the green shoots of recovery, then at least the seed of new hiring initiatives creating a more fertile job market.
Scout Grows Monitoring Tools
Scout Analytics (formerly AdmitOne Security), a Seattle-based provider of subscription product usage analytics for identifying unlicensed access, will this month roll out a new release of its Web-based platform with features for content providers to…
Outlook: Cloud to Reign in 2010
Cloud computing is gaining board-level attention as a technology that delivers value. But while it offers a range of opportunities for the data world, cloud also presents a unique set of challenges. By John Akbari, an independent consultant to the data…
Arbitrage Changes Look of Marco Polo
NEW YORK-To meet the needs of its changing client base, emerging markets connectivity provider Marco Polo network expects to add its fifth and sixth electronic futures exchanges to its global network in the near future, Marco Polo officials tell DWT .
FXall Plans Hybrid Platform
NEW YORK-Operators of the multi-bank electronic foreign-exchange (FX) trading venue FXall plan to integrate the recently acquired LavaFX, which FXall purchased from Citi, with its current platform sometime in the coming year, FXall officials tell DWT .
HSBC Takes DMA to the Gulf
LONDON-HSBC is now offering direct market access (DMA) to the Abu Dhabi Securities Market (ADSM) and Dubai Financial Markets (DFM), switching on its first clients last week, according to bank officials.
TSE Targets Latency with Arrowhead Launch
TOKYO-With the New Year, operators of the Tokyo Stock Exchange (TSE) rolled out the exchange's new Arrowhead matching engine to improve support for advanced automated trading strategies on the TSE, according to officials.
Regulatory Uncertainty Delays C2
NEW YORK-Although flash orders were not yet a hot-button issue when the Chicago Board Options Exchange (CBOE) filed for regulatory approval from the U.S. Securities and Exchange Commission (SEC) for the CBOE's planned all-electronic C2 options exchange,…
Scrambling Toward Liquidity Risk Compliance
Since the start of the financial crisis, the U.K. Financial Services Authority (FSA) has moved swiftly to revamp the U.K.'s liquidity risk management regulatory regime. DWT speaks with P.J. Di Giammarino, CEO of industry think thank JWG-IT Group, to…
Nasdaq OMX Amps Up U.K. Power Market
STOCKHOLM-Nasdaq OMX Commodities and Nord Pool Spot have launched the N2EX U.K. power market and auctioning will go live today, reveal officials.
Gelber Bows OneTick for Quant Trading
Chicago-based proprietary trading firm Gelber Group is rolling out the OneTick historical and real-time tick data processing solution from New York-based tick data management and analytics vendor OneMarketData, to support back-testing and development of…
2010: A Market Data Odyssey
With trading firms expected to loosen their purse strings slightly in 2010, data providers anticipate demand for analytics and risk management tools, historical data for building accurate models, and technologies originating in social media to plot…
YCharts Launches Fundamentals Analysis Platform, Mulls Pro Tools
Chicago-based fundamental data analysis provider YCharts will this week launch a Web-based platform for fundamental analysis of US-listed companies, enabling users to track and analyse company fundamental data to help identify and incorporate trends into…
Greenline Bows ex-Trading Metrics Tools
Greenline Financial Technologies, a provider of FIX Protocol-based trading software and a subsidiary of fixed-income trading platform MarketAxess, is rolling out technologies acquired last year from defunct vendor Trading Metrics in a bid to expand its…
FPL Preps Latency Standards Group
FIX Protocol Limited (FPL), the industry body behind the FIX Protocol and its FAST spin-off for market data compression, has set up a FIX Inter-Party Latency (FIPL) working group to provide standards for data and trading latency monitoring and…