Algorithmic trading

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/Algorithmic trading

Instinet and Credit Suisse ink Japanese dark liquidity pact

Interagency broker Instinet and investment bank Credit Suisse have signed an agreement to provide their respective clients with access to each other's 'dark' pools of liquidity in Japan.

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Reuters introduces machine-readable sentiment scan; acquires ClearForest

In a bid to push further into computer-driven stock trading, Reuters is launching a new market data product that scans company news articles, scores how positive or negative they are and then, based on the information, triggers orders in algorithmic trading applications.

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Reuters expands RDF-Direct exchange data service

Reuters has expanded its exchange data service, RDF-Direct, to include six more European and Asian venues in response to customer demand for full tick data that can be used for algorithmic trading applications.

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Aqua adds John Silvestri to senior management team

Aqua, an electronic equities trading platform that will be launched later this year by eSpeed, has appointed John Silvestri as senior vice president with responsibilities for sales, brokerage operations and business development.

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Euronext sets out plans for high-speed trading

Euronext has firmed up plans to boost capacity and offer high-speed low-latency trading access for its cash and derivatives markets.

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Need for speed ramps up invesment bank tech spend

Total US capital market spending on advanced trading technology is expected to reach $860 million this year, rising to $1.3 billion by 2010, according to projections from analyst firm Tabb Group.

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Financial technology spending on the rise in 2007

IT spending by wholesale financial services institutions has increased significantly this year, particularly on risk managment and payments systems, according to a global study by Datamonitor.

/Algorithmic trading

LSE links to Savvis global network

The London Stock Exchange (LSE) is teaming with US telecoms firm Savvis Communications to increase global connectivity and access to its market data.

/Algorithmic trading

Bloomberg Tradebook launches FX marketplace

Electronic interdealer broker Bloomberg Tradebook has launched an online foreign exchange marketplace.

/Algorithmic trading

TD Securities signs global licence for Wombat market data technology

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.

/Algorithmic trading

Bank of America launches adaptive algorithm for small to mid-cap stocks

Bank of America has launched a new 'adaptive' algorithmic trading program, dubbed Instinct, for dealing in less liquid small to mid-cap stocks.

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Nomura Securities implements GL Trade front office system

French trading systems vendor GL Trade says Japanese broker Nomura Securities has gone live with its front office technology.

/Algorithmic trading

Merrill buys into Bats Trading

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.

/Algorithmic trading

Aqua names Brian Weston CTO

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).

/Algorithmic trading

Dow Jones launches XML data feed for algorithmic trading

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.

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Thomson Financial selects BT Radianz network services for low latency data feed

Thomson Financial has recruited BT Radianz to provide network and connectivity services for its low latency data feed.

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FXall launches Accelor ECN

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.

/Algorithmic trading

TSX to undertake $20 million hardware upgrade; Canadian brokers losing out to US in algorithmic arms

The Toronto Stock Exchange (TSX) group has signed a $20 million contract to replace core trading engine hardware with Integrity NonStop servers from HP.

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Deutsche Börse and Colt collaborate for proximity service

Deutsche Börse is teaming with telecomms firm Colt to provide customers with low latency access to execution venues and market data streams.

/Algorithmic trading

Mexico's Finamex selects Progress's Apama for algorithmic trading

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.