471 articles tagged with this keyword
News/Algorithmic trading
New York-based Wombat Financial Software says TD Securities, the wholesale banking division of Canada's TD Bank, has signed a global licensing agreement for its low latency market data distribution and integration software.
19 March 2007
Bank of America has launched a new 'adaptive' algorithmic trading program, dubbed Instinct, for dealing in less liquid small to mid-cap stocks.
07 March 2007
French trading systems vendor GL Trade says Japanese broker Nomura Securities has gone live with its front office technology.
Merrill Lynch has become the latest Wall Street firm to invest in Missouri-based ECN operator Bats Trading. Terms of the investment were not disclosed.
Aqua, the new electronic equities trading platform that will be launched later this year by eSpeed, has appointed Brian Weston as chief technology officer (CTO).
06 March 2007
Dow Jones is looking to cash in on the rising popularity of algorithmic trading with the launch of a data feed that delivers news items in XML format which can be rapidly processed by electronic trading programs.
Thomson Financial has recruited BT Radianz to provide network and connectivity services for its low latency data feed.
27 February 2007
Foreign exchange trading outfit FXall has launched Accelor, an electronic communications network (ECN) designed to speed up trading times and increase liquidity for market participants.
The Toronto Stock Exchange (TSX) group has signed a $20 million contract to replace core trading engine hardware with Integrity NonStop servers from HP.
20 February 2007
Deutsche Börse is teaming with telecomms firm Colt to provide customers with low latency access to execution venues and market data streams.
Mexican broker dealer Casa de Bolsa Finamex (Finamex) is implementing algorithmic dealing technology from Massachusetts-based Progress Software to deliver customised program trading strategies to buy-side customers.
JP Morgan direct market access subsidiary Neovest has established connectivity to 15 'dark pools' of liquidity - trading networks that do not publish quotes in the open market - alongside more traditional destinations.
16 February 2007
Following the New York Stock Exchange's move to its new hybrid trading system Bank of America Specialists has laid off another 43 Nyse specialists and clerks and warned staff that more job cuts are on the way.
15 February 2007
Complexity of legacy IT systems is the most common hindrance to realising enterprise data management (EDM) for financial services firms, according to research commissioned by GoldenSource and conducted by Finextra.
07 February 2007
Germany's HypoVereinsbank (HVB) has installed a cross-asset database system from California-based KX Systems across its proprietary trading desks in Munich and London.
05 February 2007
QuantHouse, a provider of low latency market data systems, has acquired the software products of SmartQuant, which enable traders to develop, back test, simulate and execute program trading strategies.
02 February 2007
US institutional trading network Liquidnet has signed a definitive agreement to acquire New York-based Miletus Trading, an agency-only brokerage firm that provides quantitative execution strategies and analytics to institutional investors. Financial terms of the deal were not disclosed.
22 January 2007
FIX Protocol Ltd says production-ready final release of version 5.0 of the Financial Information eXchange Protocol (FIX) specification is now available.
05 January 2007
RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, has completed the acqusition of Carlin Financial Group, a New-York-based broker dealer that provides proprietary services and technology to hedge funds, professional traders and financial institutions.
Pan-European exchange Euronext says its upgraded equities trading platform, NSC Equities, will go live in early 2007 and will offer users an average response time of under five milliseconds.
14 December 2006
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