Trading Tech
BEA Leaps Into Complex Event Processing
NEW YORK—To address Java’s shortcomings in complex event processing (CEP) environments, BEA Systems announced today the planned summer launch of its WebLogic Event Server (WLES) and version 2.0 of its WebLogic Real-Time (WLRT) platform.
FIX City to Launch Fixed-Income IOI
LONDON—Officials from FIX City, a provider of software for FIX-based indications of interest (IOI) announced last week plans to launch a multi-asset support for the vendor’s IOI platform Ioinet this summer.
Nasdaq Makes Tech Buy with OMX
NEW YORK—The Nasdaq Stock Market plans to acquire exchange operator and technology provider OMX Group in a deal valued at SEK25.1 billion ($3.7 billion) and re-brand the new entity Nasdaq OMX Group, officials from both exchanges announced on Friday.
CIB Taps Etrali for Shanghai Trading Floor
SHANGHAI—As part of a new dealing room deployment, China Industrial Bank (CIB) plans to roll out 70 Mach 3D turrets from Orange Business Services (OBS)–Trading Solutions, née Etrali, in early June, a vendor official tells DWT.
Panel: Derivatives Automation Wanting but Needed
LONDON—Although the derivatives industry has seen an upsurge in post-trade automation, it’s not enough to meet the current demand, say industry participants who spoke last week during a panel discussion on the topic hosted by GL Trade.
Panel: Latency Measurements Need Help
LONDON—Although cutting message latency remains a top priority for most firms, the industry still needs to address standard measurements and performance optimization in order to conqueror it, say exchange, market data and network provider officials
STAC: Multi-Core Suns Tame Opera
Using a technology stack comprising the latest multi-core Sun Microsystems hardware and operating systems could enable firms to handle anticipated data traffic rises for the Options Price Reporting Authority's data feed while also reducing their hardware…
Townsend, Zacks Combine Wares
Trading software and data vendor Townsend Analytics is integrating its RealTick front end with the research content and analytical capabilities of Zacks Investment Research in a bid to create a more comprehensive product to compete with services from…
Conquering Latency
As firms continue to wrest every millisecond of latency out of their trading systems, DWT editor Rob Daly sat down with research firm Securities Technology Analysis Center (STAC) director Peter Lankford to discuss the industry's approach to latency…
JPMorgan Rolls Out FinIQ
SINGAPORE—JPMorgan is in the midst of rolling out a structured deposit pricing and processing system from options-linked structured deposits solution vendor FinIQ for the bank's foreign exchange (FX) business, say bank officials.
Intel Opens Low-Latency Lab
LONDON—Intel has opened a low-latency laboratory that will help financial institutions fine tune their trading systems, vendor officials tell DWT .
Chi-X Plans for European Cross-Market Routing
LONDON—Chi-X, Instinet's Mifid-prompted multilateral trading facility (MTF), is planning to introduce U.S.-style onward routing to other exchanges and trading venues, officials tell sibling publication Inside Market Data .
Caplin Debuts Web-Based Trading Platform
LONDON—Market data management and real-time Web connectivity provider Caplin Systems released its Web-based trading application for foreign exchange (FX) and fixed income, dubbed Caplin Trader, today, vendor officials tell DWT .
Stuff Happens
Back in my college days, I took a job as a file clerk at a global tier-one bank. Working in the bowels of an office tower in downtown Buffalo, N.Y., I noticed that on my manager's desk was a vanity bumper sticker that read: "T.W.H.I.P." I asked him what…
FPL: FIX 5.0 Gains in FX Support
BOSTON—Although version 5.0 of the FIX protocol fully supports outright forwards and swaps for foreign-exchange (FX) trades, support for allocations and confirmation for over-the-counter (OTC) spot options remains minimal, according to findings in a…
NYSE, Nasdaq Prep New Crossing Sessions
NEW YORK—As part of a complete technology revamp, NYSE Euronext plans to launch a point-in-time crossing solution, dubbed MatchPoint, in July, pending approval by the U.S. Securities and Exchange Commission (SEC), DWT has learned.
And Then There Were Two
Shock news! Last week, after secret negotiations, two parties unveiled a massive deal that took the market by surprise. One of our most respected figures is taking on a new role to help steer a struggling team to a revival. Yes, Roger Clemens is…
Panel: EP to Marry More Analytics
Sophisticated analytics are likely to become ever-more tightly integrated with event processing engines as firms begin using them for more complex strategies in less liquid asset classes, according to a panel organized by Aite Group last week.
New York Exchanges Stumble
NEW YORK—The two largest U.S. stock exchanges experienced technical glitches late last week that led to quoting issues and delayed trade confirmations, DWT has learned.
JWG-IT: Firms Must Start Mifid Tests
LONDON—It is critical that firms get their testing strategies and plans for the Markets in Financial Instruments Directive (Mifid) together early, as the longer they wait, the more costly it will be downstream, say industry participants and…
RSJ Invest Taps BT Radianz Proximity
PRAGUE—Czech specialist brokerage RSJ Invest is utilizing the BT Radianz Proximity Solution to enable low-latency direct market access (DMA) from its Prague headquarters to exchanges in London, say firm officials.