Trading Tech
IP Trade Expands Asia Business
NEW YORK-In order to expand its business into new markets, Internet protocol- (IP)-based trading communications platform provider and turret vendor IP Trade will open a new office in Asia later this summer, DWT has learned.
FFastFill Expands Asia-Pacific Markets Footprint
LONDON-To deliver better performance to its customers in the Asia-Pacific (Asia-Pac) markets, electronic-trading software provider FFastFill plans to add three new datacenters in the region that will host its software-as-a-service (SaaS) offerings.
TNS Preps New Canadian PoP
TORONTO-Telecommuni- cations network and services provider Transaction Network Services (TNS) is in the process of relocating one of its two Toronto points of presence (PoPs) to a new facility, DWT has learned.
Alpes Broadens Apama CEP Use for Risk
SÃO PAULO-To aid in its entrance to high-frequency trading on the Brazilian BM&FBovespa electronic exchange, local broker-dealer Alpes Corretora de Câmbio, Títulos e Valores Mobiliários plans to develop post-trade risk management strategies using complex…
Fitch Upgrades Research Site for Public Users
Fitch Research, the Web-based subscription service from ratings agency Fitch, will this week migrate all of its public Website users onto a new site that was originally developed to support paying subscribers.
The Sound and the Fury
There's been a lot of buzz in the financial markets over the past week on how a former Goldman Sachs employee, Sergey Aleynnikov, allegedly downloaded his former employer's proprietary trading "secret sauce." Some coverage in the business press…
Capital IQ Extends Functionality
Standard & Poor's Capital IQ division has rolled out a new release of its desktop platform with features that allow users to incorporate its data into their workflow more easily.
Credit Where it's Due
Credit derivatives have been in the eye of the financial storm since the current crisis began, but as market participants regroup and embark on new initiatives to improve trading and reduce risks in this OTC asset class, some significant data challenges…
GigaSpaces Technologies Debuts XAP Upgrade
HERZLIYA, ISRAEL-In a bid to improve application scalability, grid computing vendor GigaSpaces Technologies plans to announce this week the availability of version 7.0 of its eXtreme Application Platform (XAP), officials tell DWT .
London Calling
It was nearly a year ago when DWT and sibling publication Buy-Side Technology sponsored the first Best Execution conference in Manhattan. While trying to remain modest, I can say the event was a rousing success. The dialog that occurred between the buy-…
Cyber Trading Technologies Fragmentation Drives Smarter Algos
LONDON-As liquidity in the European market-place continues to fragment, it increasingly falls on the sell-side to re-aggregate that liquidity for their clients, according to industry experts.
BOX Relocates New Jersey Datacenter
BOSTON-The Boston Options Exchange (BOX) has signed a four-year contract to host its primary matching engine and data distribution technologies in a Secaucus, N.J.-based datacenter operated by Equinix, according to exchange officials.
Cyber Trading Technologies Europe Expects Smart Order Routing, Algo Overlap
LONDON-As smart order routing (SOR) technology becomes more prevalent in European markets, the lines between SOR and trading algorithms will blur, according to industry insiders.
Cyber Trading Technologies Algorithms Alter Dark Pool Dynamics, say Panelists
LONDON-Although dark liquidity cannot be considered an innovation in the financial markets, dark pools have been recently transformed by algorithmic trading, according to market participants.
Putting Humpty Dumpy Together Again: Dealing with Fragmentation and Liquidity Management
The following is an excerpt from a presentation entitled Impact of a Fragmented Market on Liquidity Management given by Tom Middleton, head of European algorithmic trading with Citigroup, during the Best Execution 2009 conference in London.
Bats Exchange Looks to Trade Options From 2010
KANSAS CITY, MO.-After several months of research and planning, operators of the Bats Exchange plan to file rule changes around the end of August with the U.S. Securities and Exchange Commission (SEC) to commence options trading in 2010.
Compliance Technologies New Faces and Regulations for the European Market
As the global economy attempts to right itself, national and supranational market regulators seek ways to prevent similar situations from reoccurring in the future. Below is an excerpt of the keynote address entitled The E.U. Regulatory Model: Challenges…
Infrastructure Technologies Build for Core, Buy for Generics
LONDON-When looking to add technologies to support their core businesses, financial firms should try to build them internally. However, when requiring more generic components, the best choice is to buy off-the-shelf products, say industry participants.
The Naked and the Dead
It appears that it will be only a matter of time before the U.S. Securities and Exchange Commission (SEC) writes the obituary for naked sponsored access to the exchanges. Most people in the industry agree that it is a smart thing to do in order to…
From Russia With Latency
With a birthday coming up at the end of the month, I was expecting some cards, so I was encouraged to see one arrive in the mail this week from some business contacts in Russia. However, when I opened the envelope, I realized that all was not as it first…
Interactive Data Eyes Global DirectPlus
Interactive Data is laying the groundwork to expand its DirectPlus direct feeds service outside North America, and is evaluating client demand for access to data from exchanges and trading venues in other regions worldwide, officials say.