Trading Tech
SocGen Debuts European SOR
LONDON-Société Générale Corporate & Investment Banking (SocGen CIB) has gone live with order management system (OMS) and market data provider Fidessa's smart order routing technology in Europe, officials announced today, June 23.
NYSE Euronext Set for Specialist Change
NEW YORK-In preparation for a potential rule change by the U.S. Securities and Exchange Commission (SEC) that will transform New York Stock Exchange (NYSE) floor specialists into designated market-makers (DMMs), NYSE plans to roll out a new trading…
BT Readies 'Shared' Ultra-Proximity Data
BT Global Financial Services is preparing to launch a new addition to its Radianz suite of network and hosting services, dubbed Radianz Ultra Shared, that combines elements of the vendor's existing low-latency exchange connectivity and proximity hosting…
Where Do Old Acronyms Go to Die?
It's remarkable what you find when you start packing up to move offices. I recently uncovered a cache of old articles circa 2003 heralding the triumphant return of straight-through processing (STP) after the implosion of the Global Straight Trough…
Boston Options Exchange Readies Blackbox Changes
NEW YORK-Operators of the Boston Options Exchange (BOX) plan to entice more black-box and algorithmic traders to the options exchange by increasing its trade messaging performance three- to four-fold by December, say exchange officials.
Blocks Opens Platform to Client Data
Durham, NC-based stock market analysis software vendor Worden Brothers plans to open up its Blocks visualization tool later this year, to enable clients to incorporate their own proprietary or internal datasets into Blocks' analytics, officials tell…
Efficiency Reaps Rewards for BarCap
By implementing a new operating model for the firm's global IT organization, Barclays Capital (BarCap) saved $60 million in expenses through 2007. Waters reporter Emily Fraser sits down with Richard Greenbaum, managing director, head of global IT…
Equinix Bolsters Slough Datacenter Community
Hosting service provider Equinix is building up a community of banks, market operators and service providers in its newly renovated Slough datacenter, which it acquired in 2007, officials tell Inside Market Data .
SIFMA 2008: Vendors Broaden Services, Appeal
This year's SIFMA Technology Management Conference and Exhibition saw data vendors and technology providers concentrate on expanding the breadth of their services to appeal to new, different user bases.
Firms Seek Lower Latency in Derivatives Markets
Though latency continues to be a priority for participants in Europe's electronic exchange-traded derivatives markets, economic and physical limitations are making it more difficult for firms to achieve significant gains over their competition, according…
Reliance Preps Global Expansion
Ethernet provider Reliance Globalcom, a division of Indian telecoms vendor Reliance Communications, is preparing to roll out a range of new services and looking toward expanding globally, officials say.
StreamBase Relaunches NewsScope App
Complex event processing software vendor StreamBase Systems will later this summer release an update to its StreamBase Reuters Edition development framework for building applications using Reuters data, featuring a new adaptor that enables applications…
Credit Crunch Drives HPC
NEW YORK-With the credit crunch tightening, the demand for high-performance computing (HPC) has been growing at a dramatic rate across the enterprise within the capital markets, say the authors of recent Microsoft-sponsored survey by Washington, D.C…
Low-Latency Investment Picks Up
LONDON-The low-latency game is attracting a broader range of players, including firms that are not typically speed-sensitive but that want to gain competitiveness, according to industry participants.
TSEC Preps for FIX Selection
TAIPEI-In plans to roll out a new FIX gateway during the first quarter of 2009, the Taiwan Stock Exchange (TSEC) has narrowed its choice to two potential providers, says exchange officials.
Trading, Latency and Risk Management Define Sifma 2008
NEW YORK-Neither a down market nor the year's first heat wave could keep financial technologist from this year's Technology Management Conference and Exhibit hosted by the Securities Industry and Financial Markets Association (Sifma) in Midtown Manhattan…
Open Source Cuts Hotspot FX Latency
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group has reduced roundtrip times by two-thirds on its electronic foreign exchange (FX) venue Hotspot FX by switching to an open source FIX gateway, say ECN officials.
Bloomberg, Microsoft Build Mobile Data App
Bloomberg has developed a mobile-enabled software application that enables subscribers to its Bloomberg Professional terminals to access a sub-set of the terminal's data via any wireless application running Microsoft's Windows Mobile operating system.
Equiduct Set for July Launch
BERLIN-Trading on multilateral trading facility (MTF) Börse Berlin Equiduct Trading is expected to begin in July, MTF officials tell DWT .
Calyon to Open New IRD Channel
LONDON-The corporate and investment bank of the Crédit Agricole Group, Calyon, plans to launch a single-dealer portal for its interest rates derivatives (IRDs) and other fixed-income instruments, which should go live next year.
Hippies, Flying Pigs and Speed
After 28 Technology Management Conferences and Exhibits hosted by the Securities Industry and Financial Markets Association (Sifma), you'd think that they would start blurring together. This year's event at the Hilton New York in Midtown Manhattan,…
Fidessa Rolls Out Intelligent Liquidity Access
NEW YORK-In an effort to level the playing field for its clients, order management system (OMS) and market connectivity provider Fidessa has launched its Intelligent Liquidity Access strategy today, June 16.
Software Upgrade Halts Nordic, Baltic Trading
STOCKHOLM-Traders on the Nordic and Baltic exchanges found themselves cooling their heels twice last week as a trading platform upgrade halted trading on the Nordic and Baltic exchanges.