Trading Tech
Creating a Savvy ‘Network Effect'
The relentless march of trading venues has put pressure on network and hosting service providers, as trading firms seek low-latency access to multiple liquidity sources. But how do you keep pace with the changing market landscape when budgets are being…
European CCP Expands into Spain
LONDON-The European subsidiary of the U.S. Depository Trust and Clearing Corp. (DTCC), the European Central Counterparty (EuroCCP), expects to start offering clearing and settlement of equities from Spain next month.
Experts Predict Portfolio Platform Growth
NEW YORK-The industry is ripe for a growth spurt of portfolio trading technologies and tools to help traders better execute their strategies, according to a recent industry report.
Laying the Cornerstone for Cross-Asset Trading
Whether it's an issue of providing new services to institutional investors or deploying a cost-saving maneuver in a down market, setting up electronic cross-asset trading capabilities is a difficult task for any broker-dealer. DWT assembled Steve Grob,…
Market Slump Prompts Orc Realignment
STOCKHOLM-Trading technology and connectivity provider Orc Software is set to shut 20 percent of its offices worldwide as well as implement a 15 percent reduction to its workforce, according to vendor officials.
Reliance Expands With MTF Hat Trick
NEW YORK-In an effort to expand its services in Europe, network provider Reliance Globalcom has connected its Ethernet-based financial extranet, FinancialConnect, to three multilateral trading facilities (MTFs), vendor officials announced today, Jan. 26.
StanChart Rolls Out FX Aggregation
SINGAPORE-Standard Chartered Bank (StanChart) has completed the first phase of its implementation of Progress Apama technology by going live in four cities on the vendor's foreign exchange (FX) liquidity aggregator.
UNX Adopts 4th Story
NEW YORK-Direct market access (DMA) clients of agency brokerage UNX now have access to trading algorithms via automated-trading technology provider 4th Story's 4S.BlueRidge algorithm trading server, vendor officials announced today, Jan. 26.
The Rise of the Boutiques
Nature truly abhors a vacuum and so do the markets. While Citigroup CEO Vikram Pandit tolls the official death knell of the "supermarket model" for financial institutions as he cleaves his firm into Citigroup and Citi Holdings, many firms and vendors are…
Thomson Reuters Bows News Indexes
Thomson Reuters last week unveiled NewsScope Event Indices, a real-time feed of news analytics that separates news into different indexes to price movements and volatility based on deviations in the amount of news within specific categories.
EquityFeed Revamps Data App
Montreal-based data workstation provider EquityFeed has released an upgrade to its platform, designed to target new users among the active retail trader community, and to provide a series of specialized, new displays targeted separately at institutional…
NYSE Euronext Launches Unified Order Book
PARIS-Exchange operator NYSE Euronext has reached a recent milestone in consolidating its order books. Traders on the Amsterdam, Brussels and Paris bourses can trade on a single consolidated order book.
The Added Value of Greening IT
Farmers know if they look after their land, it will look after them. Financial technologists need to adopt a similar approach as they nurture their silicon crops. As soon as recession struck, however, too many lost interest in ‘green IT', with its…
LSE Adds to Baikal Management Team
LONDON-The London Stock Exchange (LSE) has shed more light on its Baikal dark-liquidity trading platform, announcing two senior appointments to the business.
HKEx Plans to Double Futures Capacity
HONG KONG-Hong Kong Exchanges and Clearing (HKEx) plans to increase capacity on its derivatives trading system by 50 percent by the end of the year and begin developing a next-generation trading system for its securities market over the next three years,…
Client Goes Live with Tervela, FIX Flyer
NEW YORK-An unnamed global investment bank is in production with a deterministic order-routing architecture that enables it to provide clients with service-level agreements on messaging between the broker-dealer and local cash equities exchange,…
Thomson Reuters Adds Risk Event Indices
LONDON-Market data provider Thomson Reuters announced at press time that it has rounded out its stable of machine-readable newsfeeds with its new NewScope Event Indices (NEI) datafeed.
Nasdaq OMX's Genium Imminent
STOCKHOLM-The long-anticipated implementation of exchange platform provider and operator Nasdaq OMX's Genium trading platform is slated for the second half of this year, with a number of clients taking the platform live in 2010, officials tell DWT .
Trayport Readies for Algorithmic Trading
LONDON-Although the commodities markets are still in the early stages of adopting algorithmic trading, commodities trading platform provider Trayport is busily readying its broker platform, Trader Gateway, to handle the expected increase in volume, DWT…
Nyfix Debuts IoI Network
NEW YORK-Global alternative trading system operator Nyfix announced today, Jan. 19, that it has completed its integration of European FIX-based indications of interest (IoIs) network provider Fixcity and has launched its re-branded Nyfix Ioinet liquidity…
Fixnetix to Offer Skyler Euro BBO Feed
UK-based low-latency market data and trading technology vendor Fixnetix has developed a low-latency feed of European Best Bid and Offer (EBBO) data for stocks traded on multiple venues, created using prices from exchanges and multilateral trading…