Content posted in December 2011
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Thomson Reuters Eikon: What Went Wrong?
Market observers say a confluence of factors have contributed to the sluggish start for Thomson Reuters' Eikon, the company's next generation market data desktop.
Emerging Markets Represent the Future for HFTs
Tax high-frequency trading, and watch business jump into the welcoming arms of emerging markets that have spent the last few years building the infrastructure to handle business that traditionally was done in the United States and Europe.
New Technology Consortium Aims to Accelerate Low-Latency FIX Protocol Messaging Architectures
A new consortium, headed by OnX, hopes to improve FIX Protocol messaging architectures for low-latency trading systems.
TMX Buys Slice of the Bermuda Stock Exchange
TMX Group, which operates the Toronto Stock Exchange, announced the purchase of a 16 percent stake in the Bermuda Stock Exchange.
Is Oracle Earnings Forecast Ominous for Other Tech Providers?
Oracle's 2012 earnings forecast is causing concern among investors who worry that industrywide technology profits may sag next year.
2011: A Year of Rogues and Regs
Like the angel and devil that sit on your shoulders the two most important themes from 2011 boil down to "being rogue" and "being regulated."
Cha Ching! The Sound of Colocation Fees
A regulatory filing by NYSE Arca offers a glimpse into NYSE Euronext's plans to allow vendors into its Mahwah data center, and what it will charge them for hosting applications per user in the colocation facility.
BATS Proposes Rewards Program for Market Makers
BATS Global Markets applied with the U.S. Securities and Exchange Commission to launch a platform it said will give market makers a financial incentive to boost liquidity and create tighter spreads on its exchange.
Exchanges Say Colocation Is A Regulated Business
All customers are equidistant from the matching engines in colocation facilities, say exchange officials who've had to file their policies with regulators.
Capital Markets Outlook 2012
Battered and bruised by a difficult 2011, Wall Street faces another challenging year. We examine 10 critical issues that will set the agenda at capital markets firms in 2012.
Nasdaq OMX to Offer Machine-Readable News
Nasdaq OMX announced the purchase of RapiData LLC, a move the exchange operator said will enable it to deliver machine-readable news to subscribers through an electronic feed.
Civil War Brewing Between Merrill Lynch and BofA?
Merrill Lynch had a solid year, but is seeing smaller bonuses this year due to Bank of America’s terrible 2011, Fox Business Reports.
SWIFT Invests 5 Million Euro in Innotribe
Innotribe, the collaborative innovation group started by SWIFT, received 5 million euro in 2011 to help fund and incubate new ideas for the financial community.
NYSE Technologies Launches Tokyo Liquidity Center
Drawing on its acquisition of Metabit, the firm will provide access to liquidity in all major Tokyo markets through turnkey trading, data and connectivity applications.
MF Global: Sifting Through the Ashes
After the spectacular implosion of Jon Corzine's brokerage firm, regulators are trying to sort out what happened as investors try to recoup their money.
CME Exec Drops Bombshell that Corzine Knew About Customer Fund Transfers
The executive chairman of the CME told lawmakers that MF Global borrowed $175 million from customer accounts and implied that its former CEO Jon Corzine knew about it.
Morgan Stanley Employees Angered By Lavish Party for John Mack
With the company's stock sagging and less bonus money to go around, the firm's employees are fuming over its pricey going away party for retiring chairman John Mack, according to a report.
Tradeweb Introduces Three-Way Trade Confirmation on U.S. Tri-Party Repo Trading Platform
The functionality allows all parties to a three-way trade to confirm transactions with each other prior to executing the trade.
ISE Adopts Exegy Ticker Plant
Options exchange taps Exegy's hardware-accelerated appliance to reduce the latency on handling inbound data feeds.
Derivatives Market Gamification Technology Comes of Age
At a time when the risks associated with derivative instruments have never been greater, the new simulation technology updates training methods to match developments in the markets themselves.
Corzine: Hands-Off CEO?
Testifying on Capitol Hill, MF Global's ex-CEO Jon Corzine told lawmakers that he didn't break any rules and didn't know who pressed the button to move the customer money out of segregated accounts.
Brazilian Investment Bank Selects Calypso for Cross Asset Coverage
As the Brazilian financial market continues to boom, local firms are ramping up their technology to keep up with international demands.
10 Takeaways from Corzine's Testimony
MF Global's ex-CEO Jon Corzine will tell Congress that the collapsed brokerage firm operated within its risk limits until its bankruptcy filing and that he "simply" doesn't know where the money is.
Markit Launches Fair Value Service for U.S Mutual Funds
The methodology uses the statistical relationship between bond prices and over 30 different market, entity-specific and momentum factors to adjust value at the individual bond level.
Regulators Move To Replace Much-Criticized Credit Rating Agencies
The proposal by the Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency is a long awaited response to Dodd-Frank.
Competition Heats Up To Identify Best Financial Tech Innovators
Two high-profile competitions promoting financial technology development have kicked off with the aim of matching entrepreneurs and investors.
With MF Global Rule, Regs Finally Take One Small Step In Right Direction
In so far as it increases transparency into how funds are handled, it is a positive step -- but regs still have much more to do.
European Operetta?
The OPRA feed consumes more bandwidth than any other market data feed in the world and experiences peak traffic bursts that dwarf comparable rates of throughput in European options data feeds.
Q&A With Nicholas Dunbar, Author of "The Devil's Derivatives"
Dunbar explains the nature of risk taking at trading firms, how Jon Corzine embodied that culture, and why the threat of major losses generally keeps investors from making risky bets.
Regs Crack The Whip On Wall Street Risk-Taking With New "MF Global" Rule
The rule had been approved months ago but was delayed due to strong opposition from none other than Jon Corzine, the disgraced former CEO of MF Global.
U.S Equity Traders Search For Next-Generation Algos To Combat Ongoing Market Volatility
A gloomy year in 2011 and a bleak economic outlook has caused traders to rethink their broker selections, services and payment models, according to a new TABB Group report.
Low Latency Market Data Provider Deploys Virtualized ATS on Private Cloud
The announcement comes as second-tier brokers try to improve their performance through more sophisticated order aggregation, vendor says.
Wall Street Conquers Big Data on the Web
With the explosion in Internet content, traders and investment managers increasingly are looking for tools to help them mine the web's vast stores of unstructured data to identify trading signals, predict future events and gain an edge.
5 Steps to Turning the Market Data Crush Into an Advantage
To handle the explosion in market data, capital markets firms must invest in a high-speed data infrastructure. Here are five steps to help firms turn the market data challenge into an opportunity.
Multi-Billion Dollar Traditional Asset Managers Now Using Twitter As Source of Breaking News
Large hedge funds and traditional asset managers, rather than start-ups, are now using social media as a source of breaking news, not just as a sentiment indicator.
Asset Managers Looking For More Data Stability, More Transparency, Vendor Says
Amid financial crisis, asset managers need more transparent, accurate, stable data, says MoneyMate which just released enhancements to its product.
Progress Software Sees Rogue Algo Havoc, Occupy HFT in 2012
Progress said it expects an algorithm somewhere to go into an infinite loop, taking on an un-hedged and irreversible position that some firm will be powerless to shut down, causing unprecedented damage.
Bankrupt MF Global Sticks Tech Vendors with Unpaid Bills
Technology vendors are lining up behind the attorneys and accountants to collect unpaid invoices from MF Global's bankruptcy process.
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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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