UBS investment bank has become the second bank in Europe, after Nomura, to set up a dark multilateral trading facility (MTF). UBS is offering open membership and the addition of a central counterparty to mitigate risk and reduce costs.
Messaging specialist 29West is collaborating with Exegy to integrate the latter’s hardware-accelerated ticker plant with its Latency Busters Messaging (LBM) middleware, in what the companies are pitching as a “strategic new offering” for enterprise-wide market data distribution. The tie-up provides 29West with new options for data feed handlers and Exegy with a high fan-out distribution mechanism, as well as a strong middleware partner.
Progress Apama has signed up Link Investimentos, its 18th client in Brazil in just 18 months, for its algorithmic trading platform. The deal underscores Progress Apama’s assertion that the local electronic trading market is booming as investment banks and brokerages adopt next-generation trading technologies to enable algorithmic and high-frequency trading strategies.
Cable & Wireless Worldwide has responded to market demand for high-speed exchange connectivity with a new configuration of its International Ethernet Private Line (IEPL) network. The company reckons the newly configured network will meet the needs of high-performance traders by delivering high speed – up to 1Gb per second – as well as predictable and secure ethernet connections.
Icap has selected Tervela technology to support a global messaging infrastructure for its electronic broking division Icap Electronic Broking (IEB). Tervela’s TMX message switches, TPE persistence engines and the TPM provisioning and management system beat IBM’s MQLLM solution as well as products from Tibco Software, RTI, Solace Systems and 29West in a rigorous nine-month product evaluation and sales process that came down to a bake-off between Tervela’s hardware-based solution and a software-driven messaging system.
Nordic multilateral trading facility (MTF) Burgundy’s addition of Fixnetix to its lineup of connectivity suppliers brings the number of connectivity options to five, including Verizon, BT, TNS and IP-Only.
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When we first heard the latest theory on the succession plan for the former Reuters – that is to say, the market data vendor now known as Thomson Reuters Markets – we thought it was just so much tittle-tattle. It was back in October or November, and the integration of Reuters with Thomson Financial had barely been completed at best (and in fact is probably still ongoing). Surely the time wasn’t yet right for a change at the top, given how recently the key positions had been set post-merger in 2007.
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