Trading Tech
Fragmented Europe Provides Window for Vendors
The past year saw the launch of a slew of new products, with many designed to help user firms navigate the increasingly fragmented European trading landscape resulting from the arrival of new MiFID-inspired multilateral trading facilities.
Quod Eyes Trade Data for Buy-Side App
Trading software vendor Quod Financial is testing a new smart order routing system for buy-side firms that will integrate post-trade data from exchanges and other trading venues, including dark pools of liquidity.
Pricing Vendor CSV Creates Auction Portal
CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter assets.
Aleri Streaming Platforms to Gain Modularity
CHICAGO-Users of Aleri's complex event processing (CEP) engine will have an easier time running multiple projects as the vendor plans on adding modularity capabilities to its modeling tools and language in the next release of the Aleri Streaming Platform…
Data Sync Error Halts Toronto Trading
TORONTO-A glitch that caused a synchronization problem between primary and secondary data feed generators for Toronto Stock Exchange (TSX) and the TSX Venture Exchange gave traders an unexpected day off as the exchange operator, TMX Group, halted trading…
RTS Integrates MatLab
CHICAGO-Users of the RTD Tango algorithmic trading platform from RTS Realtime Systems are now able to perform computationally intensive tasks faster with the integration of The MathWorks' MatLab platform, officials tell DWT .
TT Targets Emerging Market Links
CHICAGO-Derivatives trading system provider Trading Technologies International (TT) is looking to grow its connectivity to liquidity pools in emerging markets, including Asia, the Middle East and Latin America, say officials.
Newedge Extends GL Trade Deal
LONDON-Multi-asset brokerage Newedge is set to consolidate its Paris, New York and Hong Kong operations onto GL Trade's Instant Brokerage platform, which is in place in the broker's U.K. office, officials say.
Liquidnet Preps Four New Algos
NEW YORK-Crossing network provider and agency brokerage Liquidnet is set to roll out four new trading strategies by yearend, DWT has learned.
Credit Suisse Grows Asia TCA Data
Credit Suisse will begin providing its clients in Asia with more detailed post-trade execution analytics in January, officials tell Inside Market Data .
So Long to All That
Like most in the industry, I'm glad that 2008 is finally winding down. Although I'm not eagerly awaiting 2009, I believe most of us are well braced for the coming annus horribilis . Money can be made as a bull or a bear, but it's the uncertainty that is…
Carbon Markets Adopt Algo Trading
LONDON-There is now sufficient activity in the European carbon offset market to attract black-box traders, according to European Climate Exchange (ECX) officials.
Iress Rolls Out IOS Plus
MELBOURNE-Iress Market Technology has deployed the next-generation order management system (OMS), Iress Order System (IOS) Plus, to its first institutional client in Australia, DWT has learned.
CSV Creates OTC Auction Portal
NEW YORK-CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter (OTC) instruments.
Making Measurement Work, Making Ends Meet
This week, Inside Market Data contains a special report on the importance of low-latency market data in today's modern trading environment. Yet in the same issue, we detail the problems at latency monitoring software vendor Trading Metrics, which is…
Aleri Bolsters MLA With Level 1 Data
Chicago-based complex event processing vendor Aleri has added capabilities to its Market Liquidity Analysis engine for creating a consolidated best bid and offer for instruments listed on multiple exchanges and trading venues in Europe, using Level 1…
Panel Weighs Cost vs. Capacity, Latency Issues
Trading firms are optimizing existing systems while selectively investing in new technologies to meet ongoing latency demands in the face of cost pressures resulting from the current economic climate, according to participants in a panel discussion…
Apama Preps New Data Adapters
Complex event processing software vendor Progress Apama is building a range of adapters to capture data from currency and derivatives markets, officials say.
CMA Adds Risk Analytics to QuoteVision
UK-based credit derivatives data provider Credit Market Analysis has updated its QuoteVision credit pricing and risk platform with a range of new risk analytics.
Truly Going Global
Anyone trying to predict the future of exchange evolution should be familiar with the standard industry boilerplate: Past performance is not a guarantee of future results. With that said, however, it's an amazing time to watch these new global exchange…
Speed Meets Excellence
Stock exchanges have come a long way-from the marketplaces where sellers and buyers met each other to engage in trade to today's electronic platforms, where participants can trade thousands of securities on a daily basis in only a few milliseconds. To…
The New Face of Exchanges
Over the last few years the global market structure has undergone unparalleled changes. DWT sits down with Michael Krogmann, head of section cash market for Deutsche Börse, and Joe Mecane, executive vice president and chief administrative officer (CAO)…
HSBC Banks 'Best IT Team' AFTA
NEW YORK-Surrounded by friends and colleagues last week, HSBC's IT team won the coveted Best IT Team award at the fourth annual American Financial Technology Awards (AFTAs) for its work in expanding the bank's emerging markets coverage.