Content posted in October 2010
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SAP Admits Infringement In Oracle Case
An attorney for SAP on Thursday wrote to U.S. District Court Judge Phyllis J. Hamilton pointing to media coverage of recent developments in the case as the reason for the shift in its strategy.
Dow Jones Launches Venture Capital Index
Dow Jones announced the launch of a new index designed to track changes in the market value of companies that are backed by U.S. venture capital firms.
Royal Bank Of Scotland Selects SmartCo For Centralized Securities Reference And Price Data Management
GBM intends to use SmartCo DataHub to centralize and manage all the security reference data and end of day prices for the benefit of all departments of the bank, according to a release.
SEC Considers Rule to Ban “Naked” Access to Exchanges, ATSs
The U.S. Securities and Exchange Commission said that on Nov. 3 it will consider a new rule that would ban broker-dealers from providing “naked” access to any exchange or alternative trading system.
Interactive Data Boosts Range of OTC Data Available through PrimeTerminal
Interactive Data Corp., a provider of market analytics and data, announced it expanded the amount of over-the-counter information available in PrimeTerminal Professional, a customizable financial desktop platform.
Options IT Goes Live with First HFT Client in LSE's Colo Facility
Options IT's CEO said London Stock Exchange is building a trading community to ensure diversity at the data center level.
ConvergEx Expands ADR Direct to Cover Indonesia and Malaysia
ConvergEx announced that traders can now use its ADR Direct platform to trade shares in Indonesia and Malaysia, and convert those stocks to American Depositary Receipts in U.S. dollars.
Goldman Sachs Electronic Trading Unveils 1CLICK for Options
Streamlines access to GSET's algorithmic strategies for US options through a simple, inuitive interface.
Algorithmic Trading in the FX Market
Adoption of FX algorithms is on the rise, and from black-box origins they are moving to a customizable, white-box model, according to Celent's analyst.
The Ultimate Risk—Flawed Liquidity Risk Management
As the global financial services industry heads into 2011 after digesting Dodd-Frank, Basel III and the “flash crash,” the question is “Where to now?”
Q&A With ITG Managing Director Jamie Selway
In an interview with Advanced Trading, Selway explains how the Flash Crash boosted regulators’ knowledge of how high frequency trading functions and why they don't need to step in to curb market fragmentation.
Calypso Unveils OTC Derivatives Clearing Service
Calypso Technology Inc., a provider of integrated trading software, announced the launch of an over-the-counter client clearing service for derivative clearing members.
SciComp Speeds Up Derivatives Pricing Software
SciComp announced it upgraded its derivatives pricing software SciFinance, to help quantitative developers quicken the development of Monte Carlo pricing models and to speed up execution times.
Access 342 Sells Analysts' Research to Buy Side
New Dutch-auction model brings transparency to fair market price of analysts' research, unbundled from other equity brokerage products.
Sao Paulo Discount Brokerage Alpes Joins Fidessa’s Network
Fidessa group, which builds trading systems and provides market data to the buy-side and sell-side, announced that Sao Paulo-based discount brokerage Alpes has joined its connectivity network.
SunGard Launches Reconciliation Module IntelliMatch
SunGard announced the launch of a new trending and analysis module for its IntelliMatch platform, which it said can help managers and administrators reconcile trades more efficiently.
Options IT Deploys ACTIV Financial's Low Latency Data Feed
Options IT expands its offering by adding ACTIVFeed, which is a fully managed low-latency market data solution.
SEC Appoints New CIO Amid Overhaul of Technology Systems
The U.S. Securities and Exchange Commission announced it named Thomas Bayer as chief information officer, a role in which he will oversee the regulator’s applications development, maintenance, and infrastructure.
ITG Acquires Majestic Research
ITG looks to Majestic's independent analysis of companies to provide asset managers with investment ideas that generate excess returns.
Nasdaq Unveils “World’s Fastest” Trading Platform For Nordic Derivatives Market
Nasdaq OMX announced the launch of Genium Inet, a trading system for the Nordic cash and fixed income derivatives markets, which boasts a sub-100 microseconds average latency.
FINRA Appoints New Head of Enforcement
The Financial Industry Regulatory Authority announced it appointed J. Bradley Bennett, a partner at the Washington law firm Baker Botts, as the head of the regulator’s enforcement division.
Training Wall Street's Future Ranks of Financial Advisors
With new regulations on the way, financial firms need to invest in the training of financial advisors.
Bridgeline Digital Retains Genesis Select for Investor Relations
Bridgeline's iAPPS Product Suite is an SaaS solution that unifies content management, e-Commerce, e-Marketing, and Analytics capabilities into the heart of websites, intranets, extranets, and portals.
Baron: Best Time In 40 Years to Invest In Stocks
Ron Baron, founder of Baron Capital thinks that the current market conditions present a great opportunity for investment in stocks.
Goldman Sachs' Prop Trading Desk Headed to KKR – Report
Goldman Sachs' proprietary trading desk is reportedly migrating to Kohlberg Kravis Roberts & Co. as the legendary leveraged buyout firm looks to capitalize on the finance reform bill's restrictions on proprietary trading at banks. restrictions on proprietary trading at banks.
Future Trading Desk: Are Machines Taking Over?
Buy-side traders at the AT Summit shared predicted that computers will do most of the trading, while humans monitor the machines.
BT To Expand Ultra-Low Latency Capabilities
BT Radianz Ultra will provide market participants in Paris and London with sub-millisecond access to market data and execution services, exchanges and Multilateral Trading Facilities.
ITG Unveils Algorithm for Brazilian Equities
Investment Technology Group Inc. announced its Active algorithm can now be used to trade Brazilian equities as the firm looks to capitalize on growing demand from global clients invested in the Latin American nation’s markets.
Credit Suisse Launches iPad Research App for Equity, Fixed Income Research
Credit Suisse announced its equity and fixed income units launched an application for Apple Inc.’s iPad and iPhone, which allows institutional clients to access the firm’s research.
ELX Futures Hit Open Interest Milestones in Eurodollar Futures
Open interest for Eurodollars futures exceeded 80,000 contracts, and OI doubled every month since product launch in June 2010.
Bloomberg VCON Connects Multiple CCPs for IRS
Bloomberg said VCON is the first provider to connect buy and sell side firms to multiple central clearing counterparties (CCPs) for interest rate swaps (IRS) central clearing.
LSE Boasts Turquoise Now World’s Fastest Trading Platform
The London Stock Exchange said the Turquoise is now the world’s fastest trading platform, with an average latency of 126 microseconds since it migrated to the MilleniumIT technology system.
Cinnober Unveils New Market Model
Adaptive Micro Auctions can level the playing field among market participants in terms of latency, contends Cinnober.
DTCC Expands GCA VS’ Coverage to Listed Equity Derivatives
The Depository Trust & Clearing Corp. announced its global corporate actions validation service will now cover listed equity derivatives from five main global exchanges for the sector, with an eye towards further expansion down the road.
Deutsche Bank Launches Liquidity Service for Rates Products
The liquidity service is driven by the bank's Autobahn electronic execution platform and covers the full spectrum of rates products, including interest rate swaps, US Treasuries and US Treasury futures.
NYSE Liffe Says Amsterdam, Brussels Derivatives Markets Now in Sync
NYSE Liffe, the European-based derivatives arm of NYSE Euronext, announced that the rules and trading procedures of the Amsterdam and Brussels derivatives markets have been harmonized in accordance with the latest regulations.
Linedata To Provide Software For Quantis’ Front, Back Offices
Linedata announced its been chosen by Quantis Investment Management, an Eastern European multi-manager fund firm, to provide software for its front and back office operations.
Lime Brokerage Selects Correlix RaceTeam To Enhance Latency Transparency
Service measures speeds down to microsecond-level.
Industry Faces Heavy Regulation, Says AT Summit Keynote
Brokers and hedge funds are bracing for a plethora of new regulations, including the new short selling rule, hedge fund registration and tougher FINRA examinations.
Buy Side Turns to TCA As Defense Against HFT - AT Summit
Asset managers are using TCA to measure performance of broker algo strategies and to detect gaming by HFT firms, according to panel at AT Summit.
Markit To Acquire DTCC Loan/Serv Messaging Portal
The acquisition expands the ability of Markit's loan messaging hub, Markit WSOData, to accept and distribute Financial Products Markup Language (FpML) messages from agent banks.
New Pan-European Equities Matching Service Executes First Live Trade
The service allows executing brokers and prime brokers to clear hedge fund transactions.
Market Maker Obligations for High-Frequency Traders Are Not the Answer
Laying stabilization obligations on today's high-frequency traders would not help put the markets back together again with anything near the effectiveness of the old world market makers.
Europe’s Swedbank Deploys SunGard’s Front Arena for Algo Trading
Swedbank announced it expanded its use of SunGard’s Front Arena platform by deploying the system’s algorithmic trading functionality to boost the firm’s trading of equities and derivatives.
Burgundy Locates Matching Engines at Interxion's Stockholm Data Center
Burgundy's 14 owners collectively account for around half of all trading volumes in Swedish, Norwegian, Finnish and Danish equities.
Tradency Partnership Gives FXTF Access to Suite of FX Algos
Tradency Inc., a maker of technology for online FX trading, announced it formed a partnership with Japanese broker FXTrade Financial Co. to boost its presence abroad.
Investment Professionals Launches Enhanced Managed Account Platform Services With FundQuest
Leveraging FundQuest's asset management capabilities IPI will offer a wider breadth of wealth management solutions, from managed models to client-directed portfolios.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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