Trading Tech
Bringing Transparency to European Bonds-Part 2
A year ago, there were already suggestions that the trade reporting requirements of the Markets in Financial Instruments Directive-which came into force on Nov. 1-could extend beyond equity markets. Niteen Sharma, then compliance manager at bond trading…
Crunching Credit Data's Hot Issues
The credit markets have taken a battering in recent months. However, there is renewed interest in fixed-income and associated credit instruments-from investors, dealers and regulators (which are monitoring rating agencies and also weighing mandatory…
Fidessa Plans 2008 Enhancements
Data and trading software vendor Fidessa will roll out improved capabilities to its US ticker plant to handle multicast exchange feeds, options data, and improved analytics.
OILspace to Add LME Data
Web-based energy data and analytics provider OILspace will next month roll out quote and trade data for metals and plastics contracts traded on the London Metal Exchange to its OILwatch data portal.
Specialization Takes Command
Electronic trading is getting more difficult. There are just too many new technologies and strategies to choose from, with algorithms everywhere-hundreds of them-at every stage of the investment and trading process. The number of venues has also exploded…
CIOs: IT Budgets Not Feeling the Credit Blues
LONDON-Although some investment banks are writing down the worst earnings in their histories due to the meltdown in the credit markets, many banks' IT organizations aren't feeling the budgetary pain, according to a number of bank CIOs.
CLSA Upgrades Trading Platform
HONG KONG-To keep up with growing trade and messaging volume due to algorithmic trading, broker Credit Lyonnais Securities Asia (CLSA) is in the process of deploying the next generation of its trading platform, FMS, say broker officials.
Icap Debuts Low-Latency Connectivity
LONDON-Fixed-income and foreign-exchange (FX) traders in North America have a new option to connect to inter-dealer broker Icap's BrokerTec and EBS platforms: a new low-latency connectivity service, dubbed i-Cross, say officials.
Knight Link to Debut in Europe
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group plans to expand access to its internal equities crossing network, Knight Link, to clients in major European markets by the middle of next year, say Knight officials.
HSBC to Add Multi-Leg Support to Fierce
LONDON-Developers at HSBC are busily working on adding support for multi-legged trades to the bank's internally developed asset-agnostic trading platform, bank officials tell DWT .
Weeden Preps LMS Launch
NEW YORK—Agency brokerage Weeden & Co. plans a soft launch of its OnePipe liquidity management system (LMS) in a matter of weeks, say brokerage officials.
LIM Enables Spreadsheet Sharing
Chicago-based derivatives and energy data provider Logical Information Machines will this week announce a partnership with Team and Concepts, a Hong Kong-based provider of online spreadsheet technologies, to enable users in multiple locations to use the…
Exchange Consolidation: Act II
It is safe to say that global exchange consolidation has entered its second act, as tier-one bourses have begun acquiring secondary exchanges and trading venues.
Panel: Collaborate on Data Sourcing
Collaborative, knowledge-sharing relationships between vendors and clients are the most effective and reliable methods for obtaining data, according to a panel on best practices for data sourcing.
SFTI Eyes Asia Exchange Connectivity
NYSE TransactTools, the technology subsidiary of NYSE Euronext, is rolling out its industry-mandated SFTI (Secure Financial Transaction Infrastructure) network for data and trade communication to Asia, to provide exchange connectivity and order routing…
Panel: Time is Money
One of the biggest obstacles to the development of low-latency data services in Asia is an inability to fully measure latency, because not all exchanges provide timestamps on data messages, according to participants on one panel last week.
Stockgroup Takes Broker Clients Mobile
Vancouver-based financial data provider Stockgroup is developing a wireless real-time market data solution for brokerage firms to roll out to clients, which the vendor plans to release in January, officials say.
Platts Adds OTC ICE Data
Energy and commodities information provider Platts, a subsidiary of McGraw-Hill, has added OTC pricing data from Atlanta-based IntercontinentalExchange to its forward curve data products. The ICE data covers North American natural gas and electricity…
Boat Data Suffers Choppy Launch
Reuters suffered problems displaying data from trade reporting utility Boat at its launch last week because of anomalies in the way that many contributing banks provided their pre-trade quotes, while Bloomberg is still ironing out contractual issues for…
Markit Prepares New Desktop Features
UK-based data vendor Markit has added a portfolio upload tool to version 1.1 of its Markit Desktop data product, and plans to add additional content sets, enhanced graphics and the option of a Web-based interface in future releases.
GFI to Take FX Options-Specific Trades Electronic
NEW YORK—Interdealer broker GFI Group plans to support trading of foreign exchange (FX) derivatives-specific contracts on its electronic FX derivatives trading platform, Forex Match, in early 2008, say firm officials.
CBOE to Debut Flex Options Platform
CHICAGO—After 15 years of floor trading, the Chicago Board Options Exchange (CBOE) plans to introduce electronic trading of its Flexible Exchange (Flex) options on its new CboeFlex.net trading platform, DWT has learned.
SFTI Targets Asia Exchanges
NEW YORK-NYSE TransactTools, the technology subsidiary of NYSE Euronext, is rolling out its industry-mandated Secure Financial Transaction Infrastructure (SFTI) network for trade and data communication to Asia, to provide exchange connectivity and order…