Trading Tech
Portware Adds FX Support
NEW YORK—Portware users trading equities, futures and options soon will be able to trade foreign exchange (FX) as the execution management system (EMS) provider prepares for a platform upgrade targeted for January 2008, DWT has learned.
MTFs: Dark Pools On the Rise
On the eve of the E.U.’s Markets in Financial Instruments Directive (Mifid) taking effect and permanently altering how the European markets operate, DWT has gathered opinions from leading multilateral trading facilities (MTFs) on what a post-Mifid world…
Connotate, Serena, Xignite Prep Mashup Portals
Three vendors of technologies for creating “mashups”—applications created by combining different Web services—aimed at financial services firms are rolling out new portals for pulling together data services and building tools on the fly without needing…
Quant House Plans Asia Network
French low-latency data vendor Quant House is planning to expand its proprietary fiber-optic network into Asia next year, to support datafeed collection from more exchange data sources in the region.
GL Preps for LSE ‘Performance Channels’ as ASP Demand Spikes
French data and trading technology vendor GL Trade will sign up to connect to Performance Channels, the new 100-megabit low-latency data service being launched next year by the London Stock Exchange.
LiquidityHub Launches Pricing Platform
LiquidityHub, an electronic platform formed by a consortium of 16 banks for facilitating price discovery for fixed-income instruments, will go live with its first phase of operations today, Monday Oct. 22, providing market data on euro-denominated…
LSE Manages Latency with Corvil
LONDON-The London Stock Exchange announced today, Oct. 22, that it has adopted the network latency monitoring platform from networking tool vendor Corvil to minimize latency on the LSE's TradElect trading platform, vendor officials tell DWT .
LiquidityHub Goes Live
LONDON-After numerous delays, the bank consortium-backed fixed-income pricing aggregator LiquidityHub has gone live today, Oct. 22, DWT has learned.
LIM Debuts XMIM Options Tester
Chicago-based derivatives data vendor Logical Information Machines will this week release XMIM Options Tester, a tool for back-testing the performance of equity and futures options strategies using historical end-of-day bid-and-ask price data to create…
Preparing the ICE Storm
In the past year, the IntercontinentalExchange (ICE) has acquired the Winnipeg Commodities Exchange (WCE), opened its own European clearinghouse and has been growing like a snowball rolling down hill.
STP Through the Front Door?
This spring, at an industry event, I learned of a new C-level title-the chief optimization officer. I didn't get to meet the person, but one of his colleagues told me that his role is to make sure that every trading system within the investment bank…
Mapping Market and Reference Data
Whenever I return from New York to London-for example, for our European Financial Information Summit-I realize there's a certain something that I miss about the old country. Maybe it's the rolling countryside, cream teas and postal strikes. Maybe it's…
Feeds, Terminals in Evolution Race
Standalone data terminals must evolve if they are to continue to have value for traders in the face of growing usage of direct datafeeds to power algorithmic trading and pricing applications, according to participants on a panel dubbed "Is the terminal…
EquityFeed Preps Screening Tools
Montreal-based micro-cap data vendor EquityFeed is planning to add an industry sector data analysis tool and an earnings calendar to its products as part of a software upgrade scheduled for Nov. 1, officials tell Inside Market Data .
CodeStreet Plans Open-Source Scenario Library
New York-based financial software provider CodeStreet plans to develop an open-source library to make it easier for business users to develop and test applications by running market data scenarios using its Market Data Works testing suite, which the…
Panel Voices MiFID Fragmentation Concerns
Fragmentation of data sources as a result of the European Union's Markets in Financial Instruments Directive is a key concern for data managers, according to industry experts.
FIX Protocol Makes Gains in FX
LONDON-The FIX messaging protocol is gaining ground in the foreign exchange (FX) market, according to panelists who spoke at an event held by the FIX Protocol Ltd. (FPL) late last week.
BGC Partners Taps GFI Exec for E-Commerce Head
NEW YORK-Hybrid voice and electronic interdealer broker BGC Partners has named Clive England to the newly created position of director of the North American e-commerce unit, brokerage officials tell DWT .
Swift Readies Next Phase of Derivatives Pilot
NEW YORK-Industry messaging cooperative Swift expects to launch a pilot for XML-based messaging standards for reconciling derivative trades in the first half of 2008, DWT has learned.
Panel: Exchanges Must Evolve or Die
LONDON-European exchanges will need to adapt in order to stay ahead of competition that will arise in the new fragmented market after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect on Nov. 1, according to participants of the…
UNX Opens Trading Service Bureau
NEW YORK-Agency brokerage UNX announced today, Oct. 15, that is now offering its suite of execution and algorithmic trading offerings as a service bureau, DWT has learned.
Fixnetix Offers Pan-Euro Low Latency
UK-based low-latency feed vendor Fixnetix is rolling out a low-latency data service using proximity hosting data centers and the highest available bandwidth connections for access to the three major European markets-the London Stock Exchange, Euronext…