Trading Tech
Knight Slays Performance Latency
Most broker-dealers are in a race to achieve the lowest network messaging latency possible, but for trade execution and market data, agency broker Knight Capital Group sees managing latency as only one leg in the quest to deliver best execution for its…
PHLX to Begin Inet Migration
NEW YORK-Global exchange operator Nasdaq OMX plans to begin moving the Philadelphia Stock Exchange (PHLX) to the operator's Inet trading system later this year as part of a trading platform upgrade. Nasdaq OMX aims to complete the project early in the…
Mastering Latency Management
Since the introduction of electronic trading, achieving low-latency messaging has been a constant arms race amongst market participants. Being the first to see and execute against a quote puts traders in the best market position possible. Yet creating…
Solving the Latency Problem
As algorithmic and black box traders continue to grow their share of trading volume on the electronic markets, the importance of managing message latency continues to grow in parallel. For those firms that can receive the quotes the quickest and execute…
Multi-Asset Platforms Pose Challenges for Exchanges
NEW YORK-Due to the latest wave of consolidation in the U.S. exchange space, several futures and options marketplaces have become multi-asset venues and are now grappling with the challenges that entails, according to industry insiders.
Sybase Builds Analytics into RAP
Sybase will this week release a version of its RAP Trading Edition data and analysis platform that includes new, embedded real-time analytic capabilities and the ability for users to write or implement their own within RAP, streamlining the process of…
Capgemini Targets FIX QA Efficiency
NEW YORK-Technology and outsourcing services provider Capgemini has released a FIX testing accelerator, which aims to cut the quality assurance (QA) testing lifecyle by 30 to 50 percent, vendor officials tell DWT .
Sybase RAP Gains Real-Time Analytics
DUBLIN, CALIF.-Enterprise software and services provider Sybase has introduced time series analytics to its RAP-The Trading Edition platform in an effort to improve the development of risk and trading models with faster time-series analysis of market…
Nasdaq OMX to Finalize Clearing Deals
STOCKHOLM-Global exchange operator Nasdaq OMX plans to announce it has added one or two clearing partners for its European markets, which will go beyond the memorandum of understanding (MoU) the exchange operator signed with the European Multilateral…
DJ Co-locates Elementized Feeds
LONDON - U.K.-based algorithmic traders using the Dow Jones Elementized News Feed should expect microsecond latency as the vendor plans to collocate its service in Equinix's London-Slough (LD4) International Business Exchange (IBX) datacenter sometime in…
Great expectations
Institutional investors are driving the buy side in terms of the adoption of best practices and the technology that underpins such initiatives. Nowhere is this more apparent than in the client reporting realm where institutional players have come to…
Saratoga to Deploy Nirvana Multi-Prime Platform
NEW YORK-Mini-prime brokerage Saratoga Prime Services plans to provide its small and midsize hedge fund clients with a real-time portfolio management system from Nirvana Solutions, broker officials announced today, May 4.
Fidessa Preps Analytics Platform
UK-based market data and trading technology vendor Fidessa is launching an analytics platform that will allow traders to perform complex real-time calculations based on multiple data sources and publish the derived values to a range of consuming…
Sydney: Financial Storm Fails to Halt Rising Data Tide
Market data volumes continue to rise exponentially in spite of the constraints placed on the industry by the financial crisis, posing both challenges and opportunities to vendors servicing the marketplace, according to a panel discussion Sydney,…
Reuters Grows Market Share Analytics
Thomson Reuters has increased the amount of trade data from over-the-counter markets and dark pool matching services available via its Equity Market Share Reporter (EMSR) product, which is designed to help firms locate shifts in liquidity between trading…
Panel: China Demand for Data, Tech to Grow
A growing economy, burgeoning numbers of retail investors, and the need for technology to compete with Western markets are all driving demand for market data in China's financial markets, according to panelists in Shanghai.
Panel: Firms Weigh Cost, Complexity Of Forecasting Data Capacity
The ongoing exponential growth in data volumes, driven in part by improving low-latency technologies, is forcing firms to improve their forecasting and management of capacity needs and associated costs, according to panelists at last week's Waters Power…
First Nordic MTF to Go Live Friday
STOCKHOLM-This week the European market will become more fragmented with the launch of multilateral trading facility (MTF) Burgundy serving the Nordic market.
Industry Finds Savings in Green IT
NEW YORK-Many financial services firms' IT projects have been put on hold due to the tough economic conditions that are still gripping organizations worldwide. However, green initiatives may be one of the bright spots on firms' "to do" lists at the…
LCH.Clearnet Still in Play
LONDON-LCH.Clearnet's proposed merger with the Depository Trust & Clearing Corp. (DTCC) failed because the London-based clearinghouse did not agree on "a basis for consummating the proposed merger."
North American Exchanges Rein in Costs for 2009
TORONTO-Continued datacenter consolidation and deploying new equity trading offerings will be on Canadian exchange operator TMX Group's plate for the rest of the year as it addresses the ongoing fragmentation of the Canadian market, according to exchange…
Knight Match ATS Gets Update
JERSEY CITY, N.J.-Agency broker Knight Capital Group has recently redesigned its Knight Match dark liquidity pool to deliver an average response time for order acknowledgement or order cancels of less than 2 milliseconds, DWT has learned.