News & Commentary
Content posted in May 2010
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Thomson Reuters in Deal to Buy Point Carbon
News  |  5/28/2010  | 
Thomson Reuters said today that it agreed to buy Point Carbon A/S, a Norway-based provider of analytics and news focused on the energy and environmental markets.
Dealerweb Plans to Move into Treasury Bill E-Trading
News  |  5/28/2010  | 
Subsidiary of Tradeweb owned by large banks takes aim at ICAP and BGC Partners.
TGIF: Check Out The World's Best Airlines And Apply For Vacation Time!
News  |  5/28/2010  | 
In Skytrax's annual World Airline Awards, ranked by surveys and reviews of more than 17.9 million customers, Asian carriers dominate the list, followed by the Middle East and Australia.
OTC Firms Concerned With Operational Efficiency, Risk Management and Automation
News  |  5/28/2010  | 
The survey of 100 firms carried out by OpenLink looked at the relative importance of risk management concerns faced by senior operations professionals in the growing electronic environment.
Tabb Report: Buy-Side Spending Up, Focus on Integrated OMS, EMS Technology
News  |  5/27/2010  | 
Buy-side firms are ramping up spending on order and execution management systems, moving to integrate the two in a bid to streamline desktops while ultimately lowering risk, according to a new report by Tabb Group.
Deutsche Bank’s Kelley Named Chairman of Enterprise Cloud Leadership Council
News  |  5/27/2010  | 
ECLC aims to develop cloud standards and promote uptake of cloud services on the enterprise level.
Pricing Partners, MathFinance Team to Expand Software, Consulting Operations
News  |  5/27/2010  | 
Pricing Partners said today that it’s teaming with MathFinance to cross sell the companies’ quantitative software and consulting services in a bid to expand their respective client bases.
CME Taps Mohan for Co-Location, Data Center Business
News  |  5/27/2010  | 
The CME has appointed Craig Mohan to oversee its new co-location and data center business aimed at the high-frequency trading market.
QSG Announces Release of SYNC
News  |  5/27/2010  | 
New trading analytics platform addresses the challenges of 'impact costs' in a high-speed, high frequency driven trading market.
Thomson Reuters To Extend Its Critical Energy Market Insight Through The Acquisition Of Point Carbon
News  |  5/27/2010  | 
Point Carbon provides banks, traders, portfolio managers, corporations and governments with critical insights based on deep industry knowledge and sophisticated modeling capabilities across the carbon, utilities, oil, gas and industrial markets.
FX Trading: The Next Generation
Commentary  |  5/26/2010  | 
Algorithmic trading in FX is on the rise. Last year StreamBase’s annual FX trading and technology survey revealed that around a third of active FX traders were using algo strategies; this year the number increased to almost half with still more planning to add this capability in the near future.
Markit Adds Structured Products to Porfolio Valuations Service
News  |  5/26/2010  | 
Markit said extension of Portfolio Valuations service to structured products is in response to client demand.
Goldman Sachs Unveils Direct Access, Algorithms for Brazilian Equities
News  |  5/26/2010  | 
Goldman Sachs said today that its electronic trading arm is now enabling clients to route orders to Brazil’s Bovespa Stock Exchange through its local subsidiary, Goldman Sachs do Brasil CTVM S.A.
SunGard Launches MarketMap, Market Data SaaS Solution
News  |  5/26/2010  | 
With market data volumes and associated costs rising exponentially, SunGard says MarketMap helps firms reduce market data infrastructure costs with its real-time market data entitlement and reporting system.
TNS, EZX Partner for FX Solution
News  |  5/26/2010  | 
Connectivity provider Transaction Network Services (TNS) and EZX, a trading software provider, have announced a partnership to create a low-latency FX market data and trading aggregation service.
Portware Integrates FX Platform with Traiana
News  |  5/25/2010  | 
Portware said today that it has integrated its FX trading arm with Traiana’s Harmony Network platform for processing over-the-counter foreign exchange trades.
Tullett Prebon Expands Equity Division With Risk Arbitrage Desk
News  |  5/25/2010  | 
The desk will be based in Tullett Prebon’s Jersey City, NJ, office and will be led by Philippe Allain, Managing Director.
Atrium Offers Access to NYSE Liffe’s UTP Derivatives
News  |  5/25/2010  | 
Atrium Network said today that it’s begun offering access to NYSE Liffe’s universal trading platform derivatives in a test phase before it goes live next month.
Fidessa Opens Singapore Hub
News  |  5/25/2010  | 
Fidessa group has opened a new hub in Singapore to supplement its existing presence in the Asia Pacific region in Hong Kong and Tokyo.
Caerus Trading Selects Orc Trading
News  |  5/25/2010  | 
Amsterdam-based trading firm choses Orc's platform for market making in listed equity and index options.
UNX Secures Funding to Expand into Multi-Asset Trading and Global Markets
News  |  5/24/2010  | 
Looks to accelerate build-out of multi-asset trading through its Catalyst EMS and portal to integrate services and tools for buy side.
Hudson Fibre Opens Low-Latency Connections to Exchanges in U.S., Canada
News  |  5/24/2010  | 
Hudson Fibre Network said today that it activated two low-latency fiber routes connecting clients to financial exchanges in New Jersey, Chicago, and Toronto.
Six Firms to Publish European Crossing Volumes
News  |  5/24/2010  | 
Six firms have launched an initiative to improve transparency in post-trade over-the-counter equity markets by reporting the volumes of cash equity trades crossed in their automated crossing systems through a service provided by Markit.
Latin American Broker Selects FIX Flyer and Daytona for Monitoring
News  |  5/24/2010  | 
Firm will deploy the high performance FIX engine and monitoring platform to manage client's order flow and for routing to Bolsa Mexicana.
Israeli Investment Bank Deploys GFI's Fenics to Boost FX Business
News  |  5/24/2010  | 
GFI Group Inc. said today that Mizrahi Tefahot Bank of Israel is deploying GFI Fenics Professional, its software for analyzing pricing and risk management for FX.
Pipeline Announces Liquidity Builder
News  |  5/24/2010  | 
The new service aggregates liquidity across multiple cash equity and options markets into single blocks.
Themis Paper Spurs Chi-X and BATS to Change Dark Data Practices
News  |  5/21/2010  | 
"Hard to see, the dark side is." If Frank Oz only knew how appropriate Yoda's comments would be in this galaxy, on Wall Street, and far far away from the Star Wars Universe. (Sorry, I couldn't resist the easy Star Wars reference). According to a Reuters news report, a recent whitepaper from Themis Trading, an independent ag
ConvergEx, Marwood Group Form Alliance
News  |  5/21/2010  | 
ConvergEx Group has entered into a strategic alliance with the Marwood Group, a healthcare advisory and financial services firm.
NYSE Technologies Tabs Knight Capital as SFTI Destination
News  |  5/21/2010  | 
NYSE Technologies, the commercial technology arm of NYSE Euronext, tabbed Knight Capital Group to be a destination on its secure financial transaction infrastructure network.
TGIF: Dave Barry Ad Libs On His New Book
News  |  5/21/2010  | 
In this video clip, humorist Dave Barry ad libs on his new book, "I'll Mature When I'm Dead"...
Bosa De Valores de Columbia Taps Greenline for FIX Testing
News  |  5/21/2010  | 
Columbian exchange will use Greenline's VeriFIX to test multiple counterparties, and to support a variety of FIX testing needs to strengthen its trading infrastructure.
NYSE Technologies Adds Knight Capital Group as SFTI Destination
News  |  5/21/2010  | 
SFTI customers can now access Knight’s electronic trading products and services from the same connections they currently use to access NYSE Euronext markets, other exchanges and brokers.
Updated: Trading Firm Breakdowns and the 'Flash Crash'
News  |  5/21/2010  | 
The Wall Street Journal is reporting that possible trading glitches at Citadel and Knight Capital could have contributed to some of the problems during the May 6 Flash Crash.
More Scrutiny in an Altered World
News  |  5/20/2010  | 
Companies scramble to adjust to new rules of the road while governments weigh curbs on leverage and demands for more transparency.
Opening Statement on the Flash Crash from SEC's Shapiro
News  |  5/20/2010  | 
The SEC and market participants are still trying to sort out what exactly happened during a 20-minute period on May 6 that saw the markets swing wildly in both directions. Mary Shapiro, chair of the Securities and Exchange Commission, briefs Congress on what the regulator has discovered in this video from MSNBC.
New Regulations, Higher Trade Costs Boost Demand for Fixed Income TCA
News  |  5/20/2010  | 
Demand for transaction cost analysis of fixed income trades is on the rise as dealers grapple with higher costs and aggressive new regulatory guidelines that are raising the bar for transparency.
More On 'Flash Crash': Why Pick 5-Minute Circuit Breakers?
News  |  5/20/2010  | 
In a CNBC video, Joe Mecane, NYSE EVP reacts to the pilot-5-minute circuit breakers and the SEC-CFTC's draft report on what caused the flash crash.
Rethinking Strategies
News  |  5/20/2010  | 
Certain industries and their corporate cultures have ways of turning unproven business strategies into gospel. The senior leadership team will buy into a strategy and defend it to all naysayers. You can't really blame a CEO who stands behind the strategy he created. It's hard to admit your wrong, especially is shareholders are breathing down your neck.
SunGard’s VPM to be Integrated with Bloomberg’s Hedge Fund Suite
News  |  5/20/2010  | 
SunGard is integrating its VPM with Bloomberg’s hedge fund suite in a bid to help firms manage risk more effectively while boosting their investor reporting capabilities.
Panopticon Partners with Sybase
News  |  5/20/2010  | 
Panopticon's visual interface will interact with Sybase RAP-The Trading Editionl as well Aleri's CEP engine for fast analysis of historical and real-time data.
Jefferies Launches Algos for Greece, South Africa
News  |  5/20/2010  | 
Continuing to build out its algorithmic trading offering, Jefferies has launched a suite of algorithms for trading on exchanges in Greece and South Africa.
Lime Brokerage CEO Defends High-Frequency Trading
News  |  5/19/2010  | 
Jeff Wecker, CEO of Lime Brokerage, defends HFT and argues the trading strategy adds liquidity and brings efficiency to the markets.
Social Networking Site LinkedFA Teams Up With Nasdaq.com
News  |  5/19/2010  | 
The partnership gives linkedFA members direct access to NASDAQ’s Financial Advisor Center, which offers financial planners access to news, commentary, educational tools, job listings, advisor calculators and other resources.
Liquidnet to Host 3rd Event in Series of Forums
News  |  5/19/2010  | 
Bringing a fresh approach to the research model, Liquidnet is hosting its third forum this year on mobile marketing and advertising.
SEC Announces Proposed Circuit Breaker Rules
News  |  5/19/2010  | 
In response to the May 6 “flash crash,” the SEC is publishing proposed circuit breaker rules to pause trading in certain stocks if the price moves 10 percent or more in a five minute period.
Clearstream Rolls Out Securities Depository
News  |  5/19/2010  | 
Clearstream teamed with Luxembourg’s central bank to create a securities depository service with an eye on reducing risk by allowing investors to settle securities deals in central bank money.
Burgundy Applies for Exchange Status
News  |  5/19/2010  | 
Burgundy has applied for authorization from the Swedish Financial Supervisory Authority to operate a regulated market as an exchange for listing and trading warrants, certificates, exchange traded funds (ETFs) and structured products.
BU, StreamBase Team Up for Unique Algo Trading Course
News  |  5/18/2010  | 
This past semester students in the Masters in Mathematical Finance program at the Boston University School of Management were offered a unique course that takes algorithmic trading to the next level.
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