Trading Tech
Philadelphia Exchange to Adopt Inet
NEW YORK-As the next step in the integration of the Philadelphia Stock Exchange (PHLX) into its IT infrastructure, exchange operator Nasdaq OMX is in the process of moving the options business onto its Inet platform, according to exchange officials.
Dow Jones Integrates Content, More Triggers
Dow Jones' Enterprise Media Group is planning to expand the range of content sources integrated with its Business and Relationship Intelligence technology, and to develop new types of event-based triggers for specific types of alerts and user types.
Corvil Chases Inter-Party Latency Platform
DUBLIN-Networking and latency management tools vendor Corvil is currently in discussions with various investment banks and exchange partners to set up an inter-party latency management offering, DWT has learned.
Burgundy to Name Tech Providers
STOCKHOLM-The consortium behind Nordic multilateral trading facility (MTF) Burgundy is in final negotiations with two technology providers and should announce its choice in the next month, officials tell DWT .
FIX Flyer Buys Tepin
NEW YORK-FIX Flyer, a provider of hosted platforms for the FIX messaging protocol, has announced today, Aug. 18, its acquisition of Boston-based Tepin Information, a provider of institutional trade testing and FIX certification.
Imagine Integrates Markit CDS Prices, GICS Industries
New York-based trading systems provider Imagine Software is about to integrate credit default swap data from UK-based data vendor Markit to the Imagine Trading System, and is preparing to adopt the GICS (Global Industry Classification Standard) taxonomy…
Calypso Adopts SaaS Model
NEW YORK-Customers of trading software provider Calypso Technology are now able to deploy the vendor's product suite on a software-as-a-service (SaaS) basis, officials tell DWT.
SWX Swiss Block Launches Smoothly
LONDON-SWX Europe's SWX Swiss Block, a non-displayed liquidity service for Swiss blue-chip equities, went live without any technical glitches on Aug. 11 with 11 firms signed up, according to officials.
Glocer: 3000 Xtra 'Successor' for 2009
Thomson Reuters is preparing to roll out a new trading floor desktop next year that the vendor is touting as a successor to its flagship 3000 Xtra terminal.
DMA Ramps Up in India
BANGALORE-Direct market access (DMA) trading, which will account for 11 percent of India's overall market share in 2010, will spur new investment in technology among smaller domestic firms, according to research by financial consultancy Celent.
GFI Group Preps EnergyMatch API
NEW YORK-Interdealer broker GFI Group is in final stages of development of an application programming interface (API) for its Web-based energy-derivatives trading platform EnergyMatch, DWT has learned.
TNS in Asia-Pacific Exchange Data Drive
Network provider Transaction Network Services is expanding its Asia-Pacific exchange coverage by adding access to market data from several exchanges in the region via its Secure Trading Extranet, officials say.
TFX Selects GL Trade for DMA
TOKYO & PARIS-In order to provide remote membership, Japanese futures market the Tokyo Financial Exchange (TFX) has inked a deal with trading platform and market connectivity provider GL Trade, exchange officials announced today, Aug. 11.
AMQP Demonstrates Data Protocol Potential, Though Hurdles Remain
Advanced Message Queuing Protocol (AMQP), an open-source messaging middleware, is gaining appeal as a technology for distributing market data within organizations, officials say, though it may be a few years before exchanges adopt the protocol to…
Trade Alert Adds Color to Trade IMs
New York-based Trade Alert, a provider of software that distributes equity options trade data via instant messaging, has opened its network to clients to enable them to distribute their own market color in addition to receiving automated trade…
Coral8 Enables Inter-App Data Sharing
Complex event processing software provider Coral8 has released the latest version of its Coral8 Engine, which includes enhancements for sharing data across multiple applications and making changes to its data cache without disrupting the running of other…
Cicada to Launch Hosted SOR
LONDON-Trading infrastructure technologies and data management vendor Cicada is preparing a September launch of its hosted smart order routing (SOR) MarketPrizm service, which enables firms to conduct algorithmic trading within the European market, say…
Nasdaq OMX Sees Consolidation Gains
NEW YORK-Exchange operator and technology provider Nasdaq OMX expects to complete integrating the Philadelphia Stock Exchange (PHLX) into its operations by 2009, according to exchange officials.
Bats Ramps Up for European Launch
LONDON-In preparation for a planned November launch of its multilateral trading facility (MTF), Bats Europe is getting ready to commence client testing in the near future, MTF officials tell DWT .
Swift Adds Cash, Fixed Income to Accord
BRUSSELS-Trade confirmations between executing and prime brokers may become a tad easier as the financial messaging and network industry cooperative Swift plans to introduce support for cash equities and fixed income on its Accord matching platform…
Pipeline Expands Algo Control
NEW YORK-Customers of crossing network-provider and agency brokerage Pipeline Trading now have full control over their access to the firm's suite of third-party trading algorithms, according to Pipeline officials.
EGX Nears X-stream Launch
CAIRO & STOCKHOLM-To address increasing trade volume and product diversity, the Egyptian Exchange (EGX) is in the midst of member-testing its implementation of the X-stream trading platform from Nasdaq OMX, which is set to go into production later this…
Error KOs NYSE Handhelds
NEW YORK-Floor traders on the New York Stock Exchange (NYSE) found that a server configuration error left their handheld trading devices useless during the market opening last Wednesdy, Aug. 6.