Trading Tech
FTSE Preps US Operations, Ticker Plant
Index provider FTSE is to set up regional support and operations functions in North America and Asia, to enable the vendor to source and process data locally, and to respond faster to customer inquiries.
HSBC Ramps Up Custom Indexes Business
HSBC is creating a growing number of custom indexes, in response to investor appetite for targeted investment vehicles, which has spurred demand for the bank's index data and calculation services, officials tell Inside Market Data .
Linux Vendors Expand Real-Time Offerings
NEW YORK-The SUSE Linux Enterprise team at global infrastructure software and services firm Novell is working to bring real-time environments to all areas of the datacenter, say officials.
SEC Moves Forward in Mutual Recognition
WASHINGTON, D.C.-The U.S. Securities and Exchange Commission (SEC) is another step closer to mutual recognition of "high-quality" regulatory agencies outside of the U.S., say SEC officials.
Banks to Test Open-Source RegQ
NEW YORK-Two global, but unnamed banks, have begun the second round of beta testing the Regulatory Questionnaire (RegQ) from open-source developer Collaborative Software Initiative (CSI), say CSI officials.
Eurex Readies High-Frequency Trading Interface
FRANKFURT-Eurex traders can expect faster and more streamlined access to the European futures exchange on April 14, with the planned launch of Eurex Transaction Services (ETS), which targets high-frequency trading, according to bourse officials.
Datacenter Spending Needs Revamping
NEW YORK-The industry is facing an invisible crisis due to rapidly increasing infrastructure costs for new datacenters, concludes a recently published survey by datacenter think tank Uptime Institute.
Thomas Weisel Deploys Pivot
SAN FRANCISCO-Investment banking firm Thomas Weisel Partners is in the midst of a global and enterprise-wide rollout of the Pivot 360° secure instant messaging platform, vendor officials announced today, March 31.
Korea Gains First ATS
SEOUL-Agency broker and alternative trading system (ATS) operator Instinet and Korean investment bank Samsung Securities Co. announced the creation of an anonymous securities crossing network, dubbed KoreaCross, today, March 31.
Cisco Preps Latency Management Offering
NEW YORK-Networking equipment and management provider Cisco Systems' financial services group is working to develop industry-wide solutions to mitigate latency for financial services, DWT has learned.
FIXATDL Set for Q2 Debut
LONDON-Deploying new trading algorithms and orders types should get easier this year as messaging standards body FIX Protocol Ltd. (FPL) expects to launch its FIX Algorithmic Trading Definition Language (FIXATDL) by the end of the second quarter, FPL…
SunGard STN Lands in U.K.
LONDON-SunGard Transaction Network's (STN's) trading and connectivity offerings are now available in the U.K., coinciding with STN's recent operational approval by the U.K.'s Financial Services Authority (FSA), vendor officials announced today, March 24.
If Content Is Still King...
... then why do we keep hearing that it's "commoditized," or that it's "noise"? If it's so valuable, why are market forces and industry initiatives seemingly aiming to make so much of it freely available? And if content is the priority, how come we hear…
Xignite Expands On-Demand Data Content
Web services data vendor Xignite is increasing the breadth of content available on-demand via its online distribution platform, which developers can use to create Web mashups and applications on the fly without needing to write hard coding and interface…
ODL Capital Deploys Fixcity's Ioinet
LONDON-Institutional brokerage ODL Capital (ODLC) has gone live with Fixcity's indication-of-interest (IoI) distribution platform Ioinet, say vendor officials.
NYSE Euronext, ADSM Ink Pact
NEW YORK & ABU DHABI-In a move to further expand its global presence, NYSE Euronext has signed a cooperation agreement with the Abu Dhabi Securities Market (ADSM), officials tell DWT .
CME Acquires Nymex
CHICAGO & NEW YORK-After extending exclusive acquisition talks, Chicago Mercantile Exchange operator CME Group has announced its purchase of the New York Mercantile Exchange (Nymex) for $9.4 billion in cash and stock.
HKEx Preps Remote Participation
HONG KONG-The Hong Kong Exchanges and Clearing (HKEx) is in discussions with telecommunications giant BT's Global Financial Services division to distribute market data and possibly trading capabilities via the vendor's RadianzNet financial intranet,…
Saxo Jumps on the Bus
Trading front end updates, architecture redesigns and a message bus deployment are just a few of the projects that are keeping Saxo Bank executive director and co-CIO Flemming Skov busy this year. DWT editor Rob Daly sits down with Skov to see what else…
Opra Delays FAST Switchover
The Options Price Reporting Authority has delayed the date for clients to complete their migration to the bandwidth-reducing FAST (FIX Adapted for Streaming data) protocol, to give subscribers additional time for testing with the new format.
STAC: 10GE Rivals InfiniBand
Tests conducted by the Securities Technology Analysis Center show high throughput and low latency for the Reuters Market Data System, when using 10-gigabit Ethernet switches and network cards from networking technology provider Teak Technologies.
Quant House Grows US Feeds, Ops
French low-latency data provider Quant House is planning to add to the range of US markets accessible via its feed handlers and QuantFeed low-latency feed, and to bolster its US presence with a Chicago office, officials tell Inside Market Data .