Trading Technology

Latest Headlines

Latest Headlines

ISE plans launch of its third options exchange

International Securities Exchange has filed forms with the Securities and Exchange Commission to launch its third options exchange, to be called ISE Mercury. The expansion comes just one year after ISE launched its second options exchange, ISE Gemini, and it will bring the total number of U.S. options exchanges to 13.

PDQ sees e-auction model ready for buy side

Alternative trading system PDQ sees an answer to the market fragmentation that challenges institutional buy side firms' ability to execute larger orders--electronic auctions.  

Thomson Reuters and Markit integrate chat directory

As the industry expresses growing interest in alternatives to Bloomberg's chat services, competing data providers Thomson Reuters and Markit continue to collaborate on open messaging solutions. In the latest development, Markit's directory of contacts has been integrated with Thomson Reuters' Eikon Messenger, creating the first cross-network directory and making it easier for financial market professionals to find contacts from an address book of 250,000 individuals.

Messaging venture led by Goldman Sachs gathers steam

The rumored project for creating an alternative to Bloomberg's chat service may be close to becoming a reality. The Wall Street Journal reports that a Goldman Sachs-led consortium might be ready...

As go-live date nears, China exchange link draws excitement and fear

Firms in Hong Kong and Shanghai have reportedly been working around the clock to be ready for the October go-live date of the link between the Hong Kong and Shanghai stock exchanges, but for many in the region the technology issues may be the least of it. Stock Connect, or the "Through Train," as some firms have reportedly dubbed the link, has the potential to open up the Shanghai stock market to much more western investment--or it may be poised to suck capital away from other exchanges in the region, depending on your perspective.

ConvergEx teams with IEX for new order routing strategy

Global agency brokerage and trading services company ConvergEx has partnered with IEX to introduce a new trading algorithm that routes a portion of trades to the IEX market. ConvergEx worked with IEX to create the "Darkest + IEX" trading strategy after its tests showed that orders it routed to IEX were successfully executed without introducing latency arbitrage issues.

London Metal Exchange launches LME Clear

The London Metal Exchange's planned clearing house LME Clear, opened for business Monday. In preparation for its launch, more than 2 million trading positions were transferred from LCH.Clearnet,...

ParFX currency platform designed to mitigate HFT, welcomes Virtu

ParFX, a currency platform designed to limit some of the effects of high frequency trading, has launched a new prime brokerage service that will allow buy side firms to trade through their prime brokers. Some of the first trades using the new service were made by HFT company Virtu Financial.  

Deutsche Borse-backed Bondcube trading platform set to go live in November

Bondcube, an all-to-all bond trading platform that received backing from Deutsche Borse earlier this year, is planning to go live in November subject to regulatory approval in the US and UK,  Financial News is reporting.  

BATS Global Markets begins president search

BATS Global Markets has quietly begun searching for a new president less than two months after the abrupt departure of William O'Brien, the Wall Street Journal is reporting. O'Brien had been...