Trading Tech
How fast is too fast?
Progress Apama's Giles Nelson speaks to Victor Anderson about high-frequency trading In the US markets, and how this practice is currently polarising opinions on both sides of the Atlantic. He also explains how his firm's technology supports these…
Month in Numbers
"A growing trend in the industry involves managers and traders using pre-trade analysis to not only select algorithms but also as part of the portfolio construction process"
Gulfmena selects Asset Arena for AM ops
Gulfmena, an asset manager operating from the Dubai International Financial Centre specialising in the Middle East and North Africa, has selected SunGard's Asset Arena portfolio management platform to help automate its front- to-back-office operations.
Bloomberg Preps Move to Open Architecture
Bloomberg is set to dispel its perception as a closed system with a range of initiatives designed to open up the data and functionality contained within its flagship data display and feed products, to make it easier for clients to integrate the vendor's…
Data Warehouse to Boost Performance for Pink OTC
NEW YORK-Over-the-counter (OTC) securities trading venue Pink OTC Markets expects to see a trading system performance boost as it moves its analytic and reporting functions from its trading database onto a recently deployed data warehouse, DWT has…
Aegisoft Rolls Out Algo Back Tester
NEW YORK-Execution management system (EMS) and FIX validation vendor Aegisoft has recently launched its Java-based Algo Back Tester (ABT) platform, which allows developers to hone their algorithms using real-time and historical market data.
Thomson Reuters Plots Roadmap to Utah
Thomson Reuters has announced a new product roadmap for the rollout of its next-generation market data desktop platform, also known as the "common platform" and internally dubbed Project Utah until the vendor reveals final branding, which will be…
FPL Prepares Latency Working Group Launch
LONDON-FIX messaging protocol governing body FIX Protocol Ltd. (FPL) plans to formulate a new standard engine aimed at measuring latency and increasing transparency. In the coming weeks, FPL expects to form a new working group to address the development…
Enlightening the Dark Pools
It was bound to happen eventually-the U.S. Securities and Exchange Commission (SEC) has taken on dark liquidity pool reform ( see story, page 1 ). In a five-to-nothing vote, the regulator has sent a clear message to the industry that things are going to…
A Lesson in Latency from LA
Last Thursday night, seeking inspiration for my column, I had the pleasure of watching a playoff game between the New York Yankees and the Los Angeles Angels of Anaheim. In a 45-minute seventh inning, the Yankees came back from a 4-0 deficit to end the…
Latency, Infrastructure Key at FIA Expo
News from exhibitors at the Futures Industry Association's annual Futures and Options expo in Chicago last week reflected the ongoing themes of direct feeds, co-location and low-latency connectivity.
EquityFeed Strikes Trading Alliances
Montreal-based data vendor EquityFeed has integrated its market data and idea generation terminal product with trading platforms from New York-based direct market access broker Lightspeed Financial and Chicago-based trading terminal vendor Sterling…
BATS Extends Savvis Hosting Deal
BATS Global Markets, the parent company of the BATS Exchange and BATS Europe trading platforms, will this week announce a multi-year deal with network and hosting provider Savvis to expand its datacenter in the vendor's hosting facilities in Weehawken,…
Cloud Computing: The Future, Delayed
LONDON-Cloud computing is unavoidable at present-consumer-grade offerings have already hit the market, universities and city governments are using a number of cloud-based applications, while software vendors and cloud service providers are touting its…
Oslo Børs Diversifies Clearing Offering
OSLO-Norwegian exchange operator Oslo Børs has recently signed a memorandum of understanding (MoU) with Oslo Clearing, its existing clearing partner, and LCH.Clearnet to offer exchange members a choice of central counterparty (CCP) clearinghouses.
Brokers Seek Clearing Transparency
LONDON-Price transparency isn't just a front-office concern for brokers as many are seeking better transparency from European exchanges about clearing and settlement tariffs so that firms can calculate fees as a proportion of value traded.
Lime Certifies Open-Source OMS
NEW YORK-Traders seeking to execute on agency broker Lime Brokerage's low-latency trading systems can do so via an open-source offering, as the firm recently certified the Automated Trading Platform (ATP) from open-source order management system (OMS)…
Trayport Targets Smaller Firms with Pre-Trade Risk
LONDON-Commodities trading system provider Trayport plans to lower the barrier of entry for proprietary trading houses and hedge funds to participate in the energy markets with a pre-trade risk offering to be launched in about 12 months, according to…
Townsend Rolls Out Trading API Update
CHICAGO-Multi-asset trading platform provider Townsend Analytics recently debuted the version 3.0 of its RealTick application programming interface (API), which sports a new QuickStart application that simplifies code development and expanded…
Bats Readies Global Datacenter Upgrade
KANSAS CITY, MO.-In preparation for the launch of the a second protected cash equities quote and a new options exchange in the U.S. market, exchange and multilateral trading facility (MTF) operator Bats Trading has leased a significant amount of new…
CarryQuote Adds Italy Data, Sales Partner
Zug, Switzerland-based desktop and mobile data vendor CarryQuote has expanded its data coverage with market data from the London Stock Exchange's Italian subsidiary Borsa Italiana, and has enlisted a sales partner in Italy as part of an ongoing effort to…
7Ticks Deploys Correlix for Latency Monitoring
Chicago-based managed services provider 7Ticks is rolling out New York-based latency monitoring technology vendor Correlix's Latency Intelligence suite to support internal monitoring and performance analysis across its infrastructure.