Trading Tech
Newton's law
Hedge fund manager Global Advisors recently relocated to Jersey after a decade operating out of Manhattan and London. Co-founder Rus Newton talks to Victor Anderson about the reasons for the move, life on the island, and the fund's use of proprietary…
Spotlight on Matthew Sullivan
Contravisory Investment Management, a Massachusetts-based asset manager with private and institutional investors, has promoted Matthew Sullivan to the role of chief compliance officer. He will retain his duties as senior vice-president, overseeing the…
Supplementary solution
When Metzler Asset Management opted to implement the Charles River IMS, it chose to supplement its existing front-office applications with the system, rather than use it as a replacement. For an asset manager with an historically strong in-house bias,…
Executive action
Cynics would have argued that the buy and sell side would be too busy looking for the green shoots of economic recovery to attend the July 1 Best Execution 2009 (London) event, hosted by Buy-Side Technology and DWT. But an impressive turnout on the year…
Regroup, restructure, recover
Technology spending has slumped over the past year as a result of the slowdown in the financial services industry and the ensuing global recession. But, as MFT's David White argues, now is the time for buy-side firms to use technology spending as a…
TradeSignal Integrates Morningstar Data
German analytics vendor TradeSignal is adding real-time and historical price data from Morningstar's Real-Time division, the business created via the acquisition of Tenfore Systems ( IMD , Dec. 22, 2008), into its desktop charting display products,…
Edgar Online Provides 'Real-Time' XBRL Filings Access
Company filings and data provider Edgar Online has been able to streamline the collection and processing of new filings for its XBRL (eXtensible Business Reporting Language) filings database to provide users with access to the reports as soon as they are…
Caplin Systems 'Flexes' its Data Infrastructure
UK-based data and trading technology vendor Caplin Systems is adding more adapters to its Caplin Platform data infrastructure to support integration with display applications built in newer programming environments, such as Microsoft Silverlight and…
The Center of Attention
Although low-latency has made mainstream headlines recently, thanks to a New York Times story on high-frequency trading, the most cutting-edge, low-latency trading strategies depend on the relatively un-sexy subject of co-location-installing firms'…
XtremeData Bows Database Analytics System
Schaumburg, Ill.-based database analytics appliance vendor XtremeData will this week introduce dbX, a hardware-accelerated appliance that enables users to run ad hoc queries across large datasets.
FTIL Takes Aegisoft for FIX Testing
NEW YORK-Multi-asset exchange platform provider Financial Technologies India Ltd. (FTIL) has adopted the FIX messaging simulator from FIX validation vendor Aegisoft to test and support FTIL's FIX-based trading gateway, vendor officials announced today,…
XtremeData Debuts High-Performance Database Appliance
SCHAUMBURG, ILL.-Hardware-based analytics accelerator platform provider XtremeData has released a new database product for analytic queries, dubbed dbX Analytics System, today, Monday, July 27.
Equiduct Gains Citadel Cash, Eyes Retail Flow
LONDON—Citadel Securities, an arm of alternative asset manager Citadel Investment Group, has taken a majority stake in Equiduct Trading, a move that should transform the multilateral trading facility (MTF) after a slow start in the European market, say…
AboveNet Grows U.K. Network
LONDON-Global network service provider AboveNet is expanding its fiber-optic network to meet increasing demand for direct fiber connectivity to a growing numbers of exchanges and multilateral trading facilities (MTFs) located in and around the City of…
Getting That Second Wind
Operators of the Equiduct multilateral trading facility (MTF) are feeling a bit better now that Citadel Securities has taken a majority stake in the venue and guaranteed operating capital to keep it in business for at least the next two years (see story,…
AMD to Round Out Istanbul Family with Cloud Offering
NEW YORK-On the heels of last month's introduction of the six-core version of its Opteron processor line, chip maker Advanced Micro Devices (AMD) expects to add an Extremely Efficient (EE) line of processors tailored to the needs of high-density and…
BOX to Add Block Trading in 2010
BOSTON—Operators of the Boston Options Exchange (BOX) expect to roll out a block trading platform early next year, pending regulatory approval, DWT has learned.
Marco Polo to Own Exchange Gateways
NEW YORK-In order to offer its clients better and more secure access to emerging markets, FIX-enabled trading network provider Marco Polo Network is working to establish its own gateways into local exchanges, DWT has learned.
Kyte Group Plans Asia-Pacific Connectivity
LONDON–U.K.-based prime broker Kyte Group will connect to Asian derivatives exchanges later this year, officials tell DWT.
Pipeline Rolls Out European Business
LONDON-Officials at crossing network provider and agency brokerage Pipeline Financial Group, the European business of U.S.-headquartered Pipeline Trading Systems, are in the process of gradually introducing platform functionalities as well as onboarding…