Trading Tech
Apama Readies Hosted CEP for BIT Co-lo
Complex event processing vendor Progress Apama has built an adapter for the data format of Borsa Italiana's technology subsidiary BIT Systems, to enable Italian trading firms to use the vendor's CEP software in conjunction with datafeeds from the…
Fixnetix Aims to Add 4thStory to Client Latency Toolkit
Low-latency datafeed technology provider Fixnetix is in negotiations with San Francisco-based algorithmic trading systems vendor 4thStory to make its latency monitoring technology available to Fixnetix's datafeed clients, officials say.
Latency Takes the Lead
There was a time when low latency was just an issue of plumbing in the dealing room or datacenter to speed up trading flows, but market fragmentation changed all that. Now it is strategic. Distance implies latency. If you use smart order routing in a…
Orc Eyes 'Fourth-Generation' FIX Engine
NEW YORK-Trading technology and connectivity provider Orc Software has released the latest version of CameronFIX in a step toward what vendor officials have dubbed a "fourth-generation" FIX engine, according to vendor officials.
FIX Sets Groundwork for Cross-Asset Trading
NEW YORK-The adoption of the FIX protocol is enabling the growth of cross-asset trading in the marketplace, industry insiders say.
Experts: Thinning Liquidity Drives FX Algo Adoption
LONDON-There will be greater internalization of flow as banks search for foreign exchange (FX) liquidity, according to a number of industry participants.
One Platform to Rule Them All
Since the New York Stock Exchange (NYSE) and Euronext merged to form NYSE Euronext, the exchange operator has aimed to deploy a single global trading platform across all of its exchanges. DWT European reporter Cecilia Bergamaschi sits down with Anthony…
FX Spending On the Rise
LONDON-Half of foreign exchange (FX) dealers plan to spend more on technology next year than they did this year, according to a recent poll of bank delegates who attended the FX Week Europe 2008 Congress in London last week.
Paging the CLO
A little over a year ago, a couple exchange officials introduced me to a new C-level job description in the industry-chief optimization officer. The role, as it was explained to me, is to ensure that all trading systems within the investment bank deliver…
UBS Cuts Hardware Spend, Moves to Virtualization
NEW YORK—Like many financial firms these days, Swiss banking giant UBS plans to decrease its hardware-related spending in the coming year, according to senior technologists at the bank. UBS has already seen an 80 percent decline in spending on desktops…
Tradebook Resumes FX Trading
NEW YORK-After a six-week trading outage due to the foreign exchange (FX) industry's concern over the viability of its central clearing partner AIG, Bloomberg Tradebook FX is back in production, trading more than 40 currency pairs after partnering with…
Ivory to Take On Mainframes
ATLANTA-Service-oriented architecture (SOA) software developer GT Software plans to make its SOA development environment for mainframes, Ivory Service Architect, easier to integrate with more systems in the next release, DWT has learned.
Thomson Reuters Ups Prices, Freezes Some
Thomson Reuters will increase the prices for most of its financial products by 4.75 percent next year, according to a 2009 price list obtained by Inside Market Data .
Savvis Adds Connectivity Options
Network and hosting services provider Savvis has expanded the options available for trading firms to connect to data from exchanges and other trading venues in recent weeks, in response to client demand for access to more data, and data from new venues,…
Intel Launches Nehalem Line
NEW YORK-Intel is launching today, Nov. 17, the first product in a family of offerings built on its new Nehalem processor technology.
TNS Expands MTF Access, Low-Latency Services
Network service provider Transaction Network Services is expanding the number of European multilateral trading facilities to which it provides connectivity, and plans to offer new technologies already established in the US market to help European clients…
FTEN Adds European Destinations
NEW YORK-Prime brokerage customers of direct market access (DMA) and trading technology provider FTEN can now provide their clients access to European venues, DWT has learned.
Icap Starts EBS Update
LONDON & SINGAPORE-Interdealer broker Icap plans to roll out new features on its electronic foreign exchange (FX) trading platform, EBS Spot, on Saturday, Nov. 22, according to Icap officials.
Special e-FX Wizards
As foreign exchange (FX) trading volumes continue to break records, DWT European reporter Cecilia Bergamaschi discusses the evolution of e-FX trading platforms with Saxo Bank's head of product management Brian Kelly.
Nasdaq OMX Sets January New Quote Launch
NEW YORK-Exchange operator Nasdaq OMX Group plans to launch its second U.S. protected quote on Jan. 6, pending approval by the U.S. Securities and Exchange Commission (SEC), according to officials.
E-trading Drives Institutional Adoption of Options
NEW YORK-Although retail clients have previously dominated U.S. equity options trading, institutional firms are beginning to take over the customer segment and will represent 57 percent of the client base by the end of 2009, according to a recent report…
Sungard Readies MicroHedge Release
NEW YORK- Traders of equities, index and futures options will have a more granular view of their trading risk as SunGard introduces intra-day decay tracking in the latest update of its options trading and risk management platform MicroHedge, according to…