Trading Tech
CME Group Preps Brazilian Link
CHICAGO-CME Group, operator of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), is on track with its strategic technology partnership with Brazilian Mercantile and Futures (BM&F), according to exchange officials.
Aqua Eyes Europe
NEW YORK-Alternative trading system (ATS) Aqua is in the process of creating a U.K. entity to broaden its reach to the European markets and to develop a multilateral trading facility (MTF), according to the ATS' leadership.
Wall Street Aces 'Delayed Opening' Test
NEW YORK-In the event of a local or small-scale disaster resulting in a delayed opening, Wall Street firms would be able to respond quickly, according to the results of a recent post-business continuity test survey. Nearly two-thirds of those who…
Appro to Upgrade Cluster Engine
MILPITAS, CALIF.-Enterprise server maker Appro will roll out the second version of its cluster management offering in the latter half of this year, vendor officials tell DWT.
TSE Update Halts Trading
TOKYO-Due to a malfunction in the Tokyo Stock Exchange's (TSE's) derivatives trading platform, traders were unable to execute order for half the day on July 22.
NYSE Euronext Takes TradeEngine to Floor
NEW YORK-Exchange operator and technology provider NYSE Euronext has signed a partnership agreement with quantitative financial software provider Pragma Financial Systems to provide New York Stock Exchange (NYSE) floor traders with a suite of trading…
Knight Readies New London Floor
LONDON-In an effort to grow its European operations, broker-dealer Knight Capital Group is in the process of building out a new trading floor in London, DWT has learned.
Thomson Reuters to Keep Desktop Lines
NEW YORK-Trading systems and market data provider Thomson Reuters plans to maintain support for its Thomson One and 3000 Xtra trading desktops for the foreseeable future, say officials, commenting on the vendor's product integration roadmap.
Come Together
I'm not good at dealing with change-at least according to my last performance review-and the only major change I have to deal with is Inside Market Data 's upcoming move to new offices closer to Wall Street next month. So spare a thought for those data…
Report: Applications Key to Cutting Latency
Investment banks seeking to reduce latency should focus on optimizing their application software stack rather than their networks, according to new research recently published by Paris-based networking consultancy Net2S.
Thomson Reuters Releases Windows Mobile Application
Thomson Reuters will this week release a new mobile data service, Reuters Wireless Delivery Service, that will allow clients of its RMDS (Reuters Market Data System) data distribution backbone to stream real-time data to mobile devices running the…
Bloomberg's All-Star Deal
In the lead-up to last week's annual All-Star baseball game in New York, a row erupted between Red Sox pitcher Jonathan Papelbon and the New York press corps about who was the better closer and should end the game-Papelbon or revered Yankees pitcher…
PI's Navigator Helps Analysts Map Financial Data
UK-based data vendor Perfect Information will this week unveil a new product, dubbed PI Navigator, to help corporate finance executives prepare company valuation reports more quickly by eliminating manually intensive processes, officials say.
HP Debuts Datacenter POD
NEW YORK-Joining the flock of its hardware and services competitors, Hewlett-Packard (HP) has released its datacenter-in-a-container product.
Analyst: SOR Still Gathering Traction
NEW YORK-Smart order routing has not become "super critical" in the European markets yet, but it will be critical in the future, according to an industry observer.
Survey: Cloud Becomes Reality for Banks
LONDON-Most large investment banks have implemented or are in the process of adopting cloud computing, according to an industry observer.
Risk Management Hampers International DMA
WASHINGTON, D.C.-Pre-trade risk analysis and management concerns about international direct market access (DMA) fall partially on the traders, according to members of the U.S. Commodity Futures Trading Commission (CFTC).
Swift Vies for Wider SwiftNet
NEW YORK-Banking cooperative Swift is working to make connectivity more efficient for its users by striking relationships with other industry bodies in order to access products and services from the other firms via the SwiftNet infrastructure, say…
Glitch Delays JSE Open
JOHANNESBURG-A networking issue forced South African stock exchange JSE Limited to delay the opening of its equities market Monday, July 14 by approximately six hours. Trading resumed at 3:10 p.m. local time with trading hours extended to 7 p.m., say…
Savvis Offers ISE Depth Feed
Network and hosting provider Savvis will provide connectivity to the International Securities Exchange's market depth datafeed at the end of July, in response to client demand for more low-latency access to options exchanges, officials say.
Applications: New Latency Culprits
LONDON-Investment banks wanting to wring the last milliseconds of latency out of their trade processes need to look to optimize their application software stack rather than their networks, according to new research recently published by networking…