Trading Tech
A Market Data Christmas Carol
After returning home from the FISD's holiday party last week, I was woken by the sounds of a horrible wailing and the noise of chains dragging on the ground as the specter of late, great market data manager Jake Marley appeared before me.
Guest Editorial - Prepare to Shift Gears
With globalization, algorithmic trading and regulatory initiatives forcing vendors to 'walk the walk' this year, remaining focused on basic client needs will be a key differentiator in 2008. In this exclusive guest editorial column, Thomson Financial…
Exchanges Jostle for Position with New Venues
The global exchange landscape saw a slew of merger and acquisition stories unfurl over the course of 2007. But while the largest exchanges develop into global powerhouses of data and trading activity, expanding both geographic and asset class coverage,…
CEP Becomes Less Complex
Complex event processing took steps towards standardization during 2007, with vendors seeking to simplify the mystique surrounding the CEP and stream-processing space, opening themselves more to partnership and collaboration, and calling for measurable…
Data Volume Explosion Continues
US options and equities exchanges experienced a continuation of unprecedented growth in message rates during 2007, causing vendors' and user firms' data infrastructures to struggle under the sheer volumes of market data, and spurring adoption of new…
Algos, Latency Force Asia Upgrades
Rising trade volumes in Asia Pacific, and growing demand for access by offshore investors, along with the spread of algorithmic trading spurred exchanges to improve their trading and data systems during 2007 to allow for greater message-handling capacity…
Latency, CEP Drive Change as Firms Favor Incumbents
The demands of low latency and the complexities of event processing technologies for data and pricing were the main drivers for new deals and deployments during 2007, as-for the most part-end-user firms expanded agreements with trusted providers rather…
Algo News Feeds Evolve, Seek Traction
The evolution of so-called newsflow algorithms-tagged news feeds designed to trigger orders within algorithmic trading applications-continued during 2007, though take-up among end-users still remains muted.
Trade Alert Expands IM Alerts
New York-based Trade Alert, a provider of options trade data and analytics via instant messaging, is adding new features to its Options Alert product to expand the range of data and alert types that the system can provide.
Regulation Takes Priority for Data Spend in '07
A major theme of 2007 was the introduction of key, market-changing regulations, which generated a new focus on regulatory compliance for data managers and data-related projects. Most significant were the European Commission's Markets in Financial…
E-FX Outlook: Automation on the Rise
As the industry continues to digest the credit market's meltdown, foreign-exchange (FX) trading volumes continue to boom. DWT sits down with representatives of the major FX banks Credit Suisse, HSBC and Saxo Bank to discuss the major technology trends…
TSX, MX to Form New Canadian Exchange
TORONTO-Following the rash of multi-asset exchange consolidations, officials from TSX Group, operator of the Toronto Stock Exchange (TSX) and Montréal Exchange (MX) have announced their intention to merge under a tentative TMX Group brand.
Swift Fix for STP?
LONDON-Industry messaging cooperative Swift is in talks with FIX Protocol Limited (FPL) to advance interoperability between the messaging standards operated by the two bodies.
HKMA Debuts Electronic Trading Platform
HONG KONG-The Hong Kong Monetary Authority (HKMA) has launched its electronic trading platform (ETP) for exchange fund bills and notes, say officials.
Credit Suisse Wins AFTAs Hat Trick
NEW YORK-Credit Suisse's IT organization walked away with three of the 13 awards at the third annual American Financial Technology Awards (AFTAs) ceremony in midtown Manhattan last week. The firm's technologists took home top honors in the Best Global…
Orc Software Readies Canned Strategies
NEW YORK-Orc Software plans to release its Orc Liquidator product to a broader set of firms by offering the algorithmic trading engine with pre-packaged strategies in the first quarter of 2008 with a Chicago-headquartered client receiving the first auto…
Panels: Firms Must Cut Internal Latency
The growth of data volumes from new trading and reporting venues, and the need for ever-lower latencies for algorithmic trading, are forcing firms to re-evaluate their existing data infrastructures and consider dual tiers of technology, to eliminate…
eSignal Revamps Quote.com
eSignal, a division of Interactive Data Corp., last week released version 2.0 of its Quote.com portal for professional and individual traders, which adds new charting and portfolio tracking functions.
Wombat Fabric Puts Opra on Single Server
Wombat Financial Software's new Data Fabric middleware reduces the hardware required to process Opra's feed of US options quote and trade data to a single server, officials say.
Dresdner Kleinwort Integrates Trade Ideas
LONDON-Users of Dresdner Kleinwort's research and analytic portal can now receive trade ideas for firm officials since the bank integrated its centralized trade idea distribution platform from vendor youDevise with its proprietary Web-based research…
Q-Wixx to Offer Multi-Dealer Support
NEW YORK-Clients trading on credit derivatives platform Q-Wixx will have the option to give up their orders to multiple prime brokers in the first quarter of 2008, officials tell DWT .
Virt-x, Nyfix to Launch Swiss Dark Pool
NEW YORK & LONDON-SWX Swiss Exchange's London-based securities exchange Virt-x and crossing network provider Nyfix will deliver a non-displayed, block-trading service for Swiss blue-chip equities in mid-2008, say officials from both organizations.