Trading Tech
Pivot Debuts Collaboration Platform
NEW YORK—Secure instant messaging (IM) solutions provider Pivot Solutions plans to debut its inter-enterprise collaboration platform, dubbed Pivot 360, at next week's Securities Industry and Financial Markets Association (Sifma) technology management…
Market Proliferation: A Paradox of Choice?
Unprecedented growth in the number and variety of trading venues will challenge even the bravest market participants.
Panel: Europe Lagging in Mifid Preparedness
COMO, ITALY—With under five months left until it comes into force, the E.U.'s Markets in Financial Instruments Directive (Mifid) still represents a challenge for most of the financial industry and member states in Europe, say industry participants.
Monday Morning Blues for Euronext.liffe
LONDON—Trading on Euronext.liffe derivatives markets ground to a halt just 21 seconds into the trading day last Monday morning, as the exchange operator was forced to shut down markets for more than four hours because of a technical issue with its market…
Q-Wixx Tackles Trading of CDS Lists
LONDON—A new trading platform, dubbed Q-Wixx, was launched last week to ease trade execution for lists of single-name credit default swaps (CDSes), say vendor officials.
If Not Now, When?
A little over a month ago at the DWT conference in London, a panel consisting of technologists from a number of major investment banks proclaimed the death of direct market access (DMA).
Deutsche Börse Expands Data Connectivity with Dark Fiber
Deutsche Börse Systems has partnered with European network provider euNetworks to offer increased bandwidth connectivity to consumers of the exchange's data, to help them deal with bandwidth issues arising from rising market data volumes and algorithmic…
Finucane's Theory of Evolution
Consolidated datafeed dinosaurs are evolving to escape the same fate as data dodos. By Don Finucane, vice president of product management and marketing, Interactive Data Real-Time Services
Exegy Integrates DRC Processor Module
St. Louis-based technology provider Exegy will integrate DRC Computer Corp.'s Reconfigurable Processor Unit (RPU) into its hardware-accelerated ticker plant, enabling Exegy to add complex event processing and algorithmic functions to the ticker plant in…
Thomson Buys Xinhua News; DJ in Play
Newswire consolidation continued last week with news during early Asia trading on Friday that Thomson Financial had acquired the news assets of Xinhua Finance News outside of China, and that Dow Jones' controlling Bancroft family is now considering a…
BT Rolls Out ITS Anywhere for Nortel
LONDON—Telecom vendors Nortel and BT have announced a collaboration to bring to market ITS Anywhere for Nortel that will enable investors' phone calls and communications to be monitored and accessed on or off the trading floor, say BT officials.
West Highland, CJC Ally For Global Support Services
NEW YORK—West Highland Support Services, a New York-based provider of remote system management and market data support services, is preparing to unveil an agreement with CJC, a London-based consultancy providing market data consulting, administration and…
HKEx Starts Final Network Migration
HONG KONG—The Hong Kong Exchanges and Clearing Ltd. (HKEx) has entered the final stages of its multi-year network consolidation project, as it will start moving batches of AMS/3 securities trading platform users to the exchange's new consolidated IP…
Instinet Launches Sidewinder Algorithm
NEW YORK—Agency broker Instinet has announced the addition of Sidewinder to its suite of algorithms, say firm officials.
CESR Releases Best Execution Guidance
PARIS—In order to clarify the best execution requirements under the E.U.'s Markets in Financial Instruments Directive (Mifid), the Committee of European Securities Regulators (CESR) published a question-and-answer (Q&A) document last week.
Citi Takes Bats Trading Stake
NEW YORK—Global banking giant Citi has hedged its bets again for a post-Regulation NMS U.S. market by taking a minority interest in Kansas City, Mo.-headquartered Bats Trading, which runs the Bats ECN.
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