Trading Tech
Divining the Right Liquidity Platform
As liquidity in global markets continues to fragment, sell-side firms of all sizes realize that deploying a liquidity management strategy and its supporting infrastructure isn't just about reaping the extra profits, but also meeting new regulatory…
TNS Prepares Turkish Point of Presence
LONDON-Telecommunications network and services provider Transaction Network Services (TNS) plans to enter the Turkish market by opening its first point of presence (PoP) in Istanbul later this year, officials tell DWT .
FTEN's VelocityXpress Gains Options Support
NEW YORK-High-velocity trading clients of direct market access (DMA) technology provider FTEN can now hedge their equities trades with off-setting options trades, as the vendor recently added support for options trading to its VelocityXpress (VX)…
Tradewire Adopts SunGard Liquidity Services
MIAMI-Institutional and private trading broker-dealer Tradewire Securities, which focuses on U.S. and Latin American markets, has selected the correspondent clearing and liquidity services tools from financial technology software and services provider…
Fixnetix Grows U.S. Presence
NEW YORK-As part of its global expansion plans, trading connectivity and market data distribution vendor Fixnetix has expanded operations into datacenter provider Equinix's International Business Exchange (IBX) datacenters in the U.S., vendor officials…
NYSE Euronext Culls Latency with SeaNet
NEW YORK-Exchange operator NYSE Euronext has expanded its latency-busting toolkit with the recent addition of technology from New York-based SeaNet Technologies for monitoring message latency, exchange officials say.
Analyze This
I write this looking out on a misty and unseasonably mild night in Astoria, with clouds shrouding tall buildings and rain pounding my window, at a time of year when the city should be sweating in the middle of an unbearable New York summer. It goes to…
Aleri, Correlix Partner for Latency-as-Data Input
Complex event processing software vendor Aleri and latency monitoring provider Correlix have integrated their systems to enable clients using CEP-based trading strategies to incorporate results from Correlix's Latency Intelligence tools as an input to…
Aqumin Upgrades Heatmap Displays
Houston, Texas-based data visualization software vendor Aqumin will release a new version of its AlphaVision heatmap software at this year's SIFMA conference, featuring a revamped interface and new functions designed to help traders spot trends in market…
Sterling Trader Taps SpryWare for EU Data
Chicago-based trading systems provider Sterling Trader is using ticker plants and feed handlers from low-latency technology vendor SpryWare to expand into Europe with data connectivity to exchanges and other venues in the region, officials say.
Wall Street on Demand Preps International Content Expansion
Boulder, Colo-based research software vendor Wall Street on Demand is planning to add new datasets to upcoming releases of its Wealth Desktop portfolio analysis tool, including institutional content, as well as news and fundamental data, officials say.
RTS Adds Brazilian Connectivity
CHICAGO-Traders looking to execute on Brazilian futures exchange BM&FBovespa can now access the market via products provided by trading technologies and exchange gateway vendor RTS Realtime Systems Group.
Interactive Brokers Adds Auto-Options Hedging
GREENWICH, CONN.-Options agency brokerage Interactive Brokers recently launched a new platform, dubbed Option Portfolio, which allows users to hedge their portfolio in line with a selection of standard Greek risk measures, such as delta, gamma and theta,…
Turquoise Suffers Trading Glitch
LONDON-Multilateral trading facility (MTF) Turquoise suspended trading activity last Wednesday, June 10, following technical issues related to a complex dark order matching scenario, according to officials.
Aleri, Correlix Enter Latency Pact
NEW YORK-To provide customers using a complex event processing (CEP) engine with latency information and monitoring tools, real-time network latency monitoring platform provider Correlix and CEP technology vendor Aleri have formed a joint alliance,…
SIX Swiss Exchange to Enhance DMA Interface
ZURICH-Operators of the SIX Swiss Exchange plan to release during the second half of the year an update to the bourse's proprietary capacity trading interface (CTI), which will target direct market access (DMA) and algorithmic traders.
Panel: Algo Adaptability a Must
LONDON-As electronic trading continues to grow and expand to new markets, industry participants predict that algorithms will become more sophisticated and will be able to cope with adverse conditions more easily, according to industry insiders.
Ballista Preps for Infrastructure Refresh
NEW YORK-Flush with a recently reported $15 million injection of working capital from a new consortium consisting of the International Securities Exchange (ISE), Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity, options broker Ballista…
Thomson Reuters Retires GlobalTopic
Thomson Reuters will stop supporting its legacy GlobalTopic product for UK stockbrokers at the end of this month, and is migrating users to its Reuters Trader UK product, integrated with an order management system white-labelled from London Stock…
CA Cheuvreux's Blink to Go Dark
NEW YORK-Clients of CA Cheuvreux will have access to a new pool of European dark liquidity to trade in as the agency brokerage arm of Crédit Agricole is in the process of adding dark capabilities to its internal crossing network, dubbed Blink, say bank…
Exegy Expands Appliance Lineup
St. Louis, Mo-based hardware ticker plant vendor Exegy will this week announce two new appliance products for low- latency data capture and distribution, based on its existing hardware-accelerated Exegy Ticker Plant, in a bid to broaden the vendor's…
Pricing imperfections
Allocating a definitive and transparent price to an asset for which no active market exists is a process mired in complexity and controversy. David Patrikarakos investigates the new generation of valuation models to address the pricing and valuations…