Trading Tech
Delaware installs Quantifi XL
Solution. Advisors can deploy the system, add their clients' individual holdings and interests into their Salesforce contacts and the Dow Jones system will immediately return client news matches, enabling them to better engage affluent clients.
Fimat's French connection
Victor Anderson speaks with Philippe Teilhard, managing director of alternative investment solutions at Fimat, about his firm’s reliance on proprietary technology – most notably its cross-margining tools – and the firm’s solid derivatives foundation.
SunGard unveils Asset Arena on the shores of Lake Como
At this year's SunGard Europa conference held in Como, Italy last month, SunGard announced that it had launched Asset Arena, its new 'umbrella' platform comprising the firm's buy-side-focused products and services.
Sky sees scalability benefits with Indata
Sky Investment Group, a $200 million investment and wealth manager primarily serving private clients, has achieved operational scalability and automated data management capabilities following its implementation of Indata's Investment Management System …
European equity markets ripe for electronic advance
Stewart Eisenhart covers the recently published Tabb Group report, European institutional equity trading 2007: The buy-side perspective, concluding that the rise in electronic pan-European execution volumes in the post-Mifid era is set to impact buy-side…
Start-up energy fund takes Kiodex ASP
ETG Capital, a recently launched hedge fund manager focused on energy and commodities, has implemented SunGard's Kiodex Risk Workbench hosted commodity risk management, reporting, market data and valuation platform in order to develop efficient front…
CEP Gains Ground
Attending last week's Securities Industry and Financial Markets Association's (Sifma's) technology management conference in midtown Manhattan, you couldn't help but notice the increased interest in complex event processing (CEP).
Bloomberg Integrates Numerix Analytics
Bloomberg is rolling out multi-asset-class analytical tools for pricing structured products and over-the-counter derivatives from New York-based pricing and risk analytics provider Numerix integrated within Bloomberg Professional terminals, the vendors…
Thomson Preps Direct Feed Tests
Thomson Financial will next week begin a test phase with user firms for the low-latency element of its Thomson Data Feed, which is set to begin providing low-latency exchange data to clients in August.
Vendors Jump on Infini-Band-Wagon
Low-latency data rivals Reuters and Wombat Financial Software both unveiled new configuration options last week that utilize InfiniBand inter-application networking technologies from Voltaire to deliver reductions in data latency.
SIFMA Roundup: News From the Floor
With much of the discussion arising from last week's SIFMA show revolving around low latency and measuring latency, the issue threatened to drown out other news announced by vendors in different niches within the market data industry.
Activ: Cut Networking to Cut Latency
Like rivals Reuters and Wombat Financial Software ( see story, page 5 ), ticker plant and data provider Activ Financial is examining ways to reduce internal network latency. But unlike the others, Activ believes the best solution is to migrate more…
Fidessa Rolls Out DLA Service
NEW YORK—Order management system (OMS) and market data provider Fidessa announced the launch of its Fidessa Global Direct Liquidity Access offering last week.
Amex Suffers Trading Outage
NEW YORK—Traders on the American Stock Exchange (Amex) experienced an interruption in equity and exchange-traded funds (ETFs) last Thursday as the exchange halted trading in both instruments at 12:20 p.m. local time.
Borsa Italiana Fights Heating with Blade Servers
MILAN—In a drive to increase trading performance and reduce cooling costs and the amount of server real estate required, Borsa Italiana has recently adopted AMD Opteron-powered Hewlett-Packard (HP) ProLiant BL blade servers, say exchange officials.
Need for Speed Dominates Sifma 2007
NEW YORK—Attendees to last week's Securities Industry and Financial Markets Association's (Sifma's) technology management conference faced more than just a new name forthe show.
SGX to Offer Radianz Proximity
LONDON—To address the rising tide of foreign algorithmic traders, the Singapore Exchange (SGX) announced that it has adopted the Radianz Proxmity Solution from BT for the exchange's derivatives market, say SGX officials who spoke at a jointly hosted…
Panel: Industry Puts Low-Latency in Check
LONDON—The quest for ultra-low-latency execution in algorithmic trading was put in check by industry participants at the FIA/FOA International Derivatives Conference 2007, held in London last week.
Activ, Skyler Integrate with Reuters
Low-latency data provider Activ Financial has created an interface between its direct and consolidated market data feeds and the Reuters Market Data System. The Activ RMDS Gateway allows Activ to deliver its feeds directly into customers' existing RMDS…
Savvis to Host Direct Exchange Connectivity
Network and hosting provider Savvis is setting up a service that will allow trading firms to cut latency by locating the servers that run their algorithmic trading engines in its Weehawken, New Jersey data center, directly alongside the trading engines…