Gilbert Dupont Extends Use of SunGard Valdi Market Access to Reach Turquoise and Equiduct
Société de Bourse Gilbert Dupont is building on its relationship with SunGard and its use of the company’s Valdi Market Access software-as-a-service (SaaS) solution to extend its reach to Turquoise, the London Stock Exchange’s pan-European multilateral trading facility. Gilbert Dupont, a specialist in small and mid-sized company research and a wholly-owned subsidiary of Groupe Crédit...
Options Completes Expansion of Velocity IaaS to Mahwah Data Centre
Options has completed the expansion of its Velocity infrastructure-as-a-service (IaaS) trading platform to the NYSE colocation facility in Mahwah, New Jersey. With this development, Options’ clients will not only benefit from exchange colocation to access a wide variety of dark and lit markets across the US, but also from low-latency trading strategies that could improve...
Argon Design Delivers Ultra-Low Latency Trading System to Prop Shop
Argon Design, a Cambridge, UK-based engineering design consultancy, has developed an ultra-low latency financial trading system for a proprietary trading firm doing latency arbitrage on a leading exchange in the US. The system went live in May and builds on Argon’s September 2013 introduction of high-performance trading technology that combines the benefits of field programmable...
ICE Agrees Sale of NYSE Technologies’ NYFIX and Metabit to Ullink
Intercontinental Exchange (ICE) has reached agreement to sell NYSE Technologies’ NYFIX and Metabit businesses to Ullink, just days after it confirmed agreements to sell Wombat and SuperFeed to SR Labs, and its 25% stake in Fixnetix back to the company. ICE says these sales complete its previously stated intention to divest certain non-exchange related assets...
Talking Intelligent Trading With Andrew Delaney: Can Colt Grow Into a Cap Markets Stallion?
Colt’s creation of a dedicated capital markets team that integrates its now wholly owned MarketPrizm unit with its own hosting and connectivity offerings – announced last week – is a perhaps overdue logical next step in its acquisition of MarketPrizm, which was spun out of the former Cicada Cos. MarketPrizm became 100% owned by Colt...
ICE Starts Break-Up of NYSE Technologies with Sale of Fixnetix Stake, Wombat and SuperFeed
Intercontinental Exchange (ICE) has started to break up NYSE Technologies and sell some of its business units following the acquisition of the technology business and its parent NSYE Euronext in November 2013. The first sale was made last month, when ICE sold the 25% holding in London-based Fixnetix that NYSE Technologies acquired in February 2012...
ING Bank Improves Communication with MDXT Data Sharing Solution
MDX Technology (MDXT), a market data connectivity specialist and provider of an enterprise data sharing solution, has signed up ING Bank as its twelfth European customer and is building out its business in the US and Asia ahead of a move into South America. ING Bank selected MDXT’s Connect enterprise data sharing solution to improve...
Fidessa Responds to Demand for a Consolidated Trading Platform
Fidessa has responded to ongoing client demand for consolidated trading platforms that reduce total cost of ownership and increase efficiency with the addition of US Treasuries to its global futures and options platform, and connectivity to BrokerTec and Nasdaq OMX eSpeed. The addition of US Treasuries to the derivatives platform takes the company into fixed...
Options Builds Out Velocity Platform with Velocimetrics Real-Time Performance Analytics
Options continues to build out its Velocity infrastructure-as-a-service (IaaS), ultra-low latency electronic trading platform with the addition of Velocimetrics’ real-time monitoring and performance analysis solution. The companies have partnered to roll out the Velocimetrics software at Velocity colocation sites around the world, starting in the US with deployments in New Jersey. Options recently added the...
Tech Matters with Pete Harris: With Decision Latency, Performance Focus Turns Inward, and Parallel
As efforts to reduce data transmission latency begin to hit the speed of light barrier (the wireless networks being rolled out are pretty much the end game), attention is turning away from the speed of trade execution and towards the speed of trade construction and optimisation – decision latency as some call it. Addressing decision...