Category: ET-Exchange TechnologyOn 16 May 2008 in ET-Exchange Technology, Electronic Trading 
The Warsaw Stock Exchange (WSE) is set to use Neonet XG Market Gateway as an access solution (Independent Software Vendor) to communicate with its members.
On 09 May 2008 in ET-Exchange Technology, Electronic Trading
The Toronto Stock Exchange (TSX) and Canadian Trading & Quotation System (CNQ), operator of the Pure Trading marketplace and CNQ stock exchange, have settled their dispute over intellectual property. Both parties say the settlement was designed to assist the Canadian securities industry in its efforts to adapt to the emerging multiple market system.
On 09 May 2008 in ET-Exchange Technology, Electronic Trading
Plus Markets has embarked on a series of enhancements to its new OMX Technology trading platform in a push to generate additional trading volumes, liquidity and potentially expand the service to non-equity securities.
A-Team’s Algorithmic Trading Directory, now available, is an easy-to-use reference guide providing the industry’s only apples-to-apples comparison across the algorithmic trading models on offer from sell-side institutions. The directory provides a series of detailed supplier profiles with descriptive information on the algorithms available, and analyses of who should be using them, under what market conditions and when.
On 04 Apr 2008 in ET-Exchange Technology, Electronic Trading
SWX Swiss Exchange is implementing three major initiatives as part of the creation of the Swiss Financial Market Services through the merger of SWX, SIS and Telekurs. Plans call for a complete overhaul of the combined entity’s trading platform, the introduction of a new block trading system and a major review of trading tariffs.
On 13 Mar 2008 in ET-Connectivity, ET-Exchange Technology, ET-Exchanges, Electronic Trading
The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange has been named ELX Electronic Liquidity Exchange. Bank of America, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank Securities, JPMorgan, Merrill Lynch and Royal Bank of Scotland, along with Chicago-based trading firms Getco and Peak6 and hedge fund Citadel, are investing in the new exchange, which will be powered by technology developed and supplied by eSpeed.
On 07 Mar 2008 in ET-Exchange Technology, ET-News in Brief, Electronic Trading
FFastFill has successfully completed conformance processing and testing and will be offering full connectivity to the London Metal Exchange’s new steel trading. Steel will be traded on the LME’s telephone market and its electronic trading facility Select. LME Steel will be the exchange’s first non ferrous contract launch and introduces steel trading to the largest metals trading exchange in the world. The formal start of official trading (i.e. ring dealing) is scheduled for April 28.
On 04 Mar 2008 in ET-Exchange Technology, Electronic Trading
LCH.Clearnet SA and Börse Berlin Equiduct Trading have signed a preliminary agreement to implement CCP services for transactions executed on the Börse Berlin Equiduct Trading platform for liquid European equities.
On 28 Feb 2008 in ET-Exchange Technology, Electronic Trading
TSX Group intends to launch a new parallel, distinct order book that will operate alongside the TSX Quantum central limit order book. Internally codenamed TSX Photon, it will feature a differentiated market structure and pricing schedule optimised for high-velocity traders trading high-velocity symbols in a transparent auction market. TSX Photon is expected to increase accessible liquidity in all Toronto Stock Exchange-listed high velocity symbols. It is expected to launch in 2009 subject to regulatory approval and development of the TSX’s proprietary smart order router.
On 28 Feb 2008 in ET-Exchange Technology, Electronic Trading
Oslo Børs is holding talks with OMX about replacing its trading infrastructure with the vendor’s new Genium platform. Oslo Børs is currently contracted to use OMX’s Click platform for derivatives and Saxess system for shares and bonds. However the Saxess agreement runs out in 2010 and Oslo Børs says it has been looking into a replacement for the past few months. The exchange says it plans to replace both the Click and Saxess systems with Genium Trading, subject to the successful negotiation of a final form of contract.
On 14 Feb 2008 in ET-Exchange Technology, ET-Exchanges, ET-The Corporation, Electronic Trading
Shareholders of the Montreal Exchange (MX) have voted by an overwhelming 99.6 per cent in favour of a combination with TSX Group to form what will be known as TMX Group, as announced last December, and in so doing bolster both Quebec and Canadian capital markets amid global and North American exchange consolidation.
On 11 Feb 2008 in ET-Exchange Technology, ET-News in Brief, Electronic Trading
CME Group has successfully migrated e-cbot interest rate futures and options on futures to its CME Globex electronic trading platform. E-cbot agricultural and equity index products were integrated on to the platform on January 14. With the addition of these products, CME Group now offers access to all major asset classes from a single electronic trading platform.
On 11 Feb 2008 in ET-Exchange Technology, Electronic Trading
Following Cinnober Financial Technology’s recent flurry of successes in Europe and North America, with sales of its 100 per cent Java-based TRADExpress trading system to the likes of Turquoise Trading, the Boat post-trade reporting system and Project Alpha in Canada, the Stockholm-based firm is “following closely” events in the Asia region and across emerging markets with a view to entering these markets in the future.
On 07 Feb 2008 in ET-Exchange Technology, ET-News in Brief, ET-Trading Technology, Electronic Trading
RTS Realtime Systems Group (RTS), an independent software vendor, is offering proximity services to IntercontinentalExchange (ICE), after the exchange relocated its primary data centre to Chicago. RTS, whose data centre and solution offering is located in the same building as ICE, has put in place a cross-connect to ICE’s matching engine, providing its customers with the fastest possible connection to ICE’s enhanced matching engine, it claims.
On 04 Feb 2008 in ET-Exchange Technology, Electronic Trading
Tunis Stock Exchange has successfully implemented the latest version of its NSC electronic platform, NSC V900, for equities trading, developed by Atos Euronext Market Solutions (AEMS), the provider of technology solutions for exchanges, clearing houses, banks, and intermediaries.
On 23 Jan 2008 in ET-Exchange Technology, Electronic Trading
Striving to simplify the mystery around latency measurement for trading securities, provide greater transparency on what the numbers mean and potentially to stimulate further industry disclosure in the area, Cinnober Financial Technology – the chosen trading system provider for European MTF Turquoise – has completed test simulations revealing average door-to-door latency for its 100 per cent Java-based TRADExpress trading system ranging from as low as 0.7 to within 3.25 milliseconds.
On 23 Jan 2008 in ET-Exchange Technology, ET-News in Brief, ET-Trading Technology, Electronic Trading
A consortium of banks and trading firms have teamed to establish an all-electronic futures trading exchange to compete with the Chicago Mercantile Exchange. The consortium says US Treasury futures are expected to be the first product launched by the new venture in 2008, with additional products expected later in the year. Bank of America, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank Securities, JPMorgan, Merrill Lynch and Royal Bank of Scotland are among the 12 firms teaming to launch the start up. Chicago-based trading firms Getco and Peak6 and hedge fund Citadel are also investing in the new exchange, which will be powered by technology developed and supplied by eSpeed. Each firm involved in the project has agreed to take an equity ownership stake in the new exchange. Terms were not disclosed.
On 10 Dec 2007 in ET-Exchange Technology, Electronic Trading
The TSX Group, which operates Canada’s two national stock exchanges, Toronto Stock Exchange and TSX Venture Exchange, announced just days before the annual TradeTech Canada this month that it was in discussions with the Bourse de Montreal on a possible future business combination.
On 16 Nov 2007 in ET-Exchange Technology, Electronic Trading
The move by SWX Swiss Exchange and virt-x, its London-based securities exchange, to initiate a second tariff cut from next April after unveiling a 15 per cent headline price cut in virt-x fees this January forms part of a “long term measure” to optimise services for customers and is touted as meeting the industry’s needs in a post-MiFID environment.
On 16 Nov 2007 in ET-Exchange Technology, Electronic Trading
A top official from the Russian Trading System (RTS) believes that the number of new company stocks traded on its classic order-driven and quote-driven trading platform could increase by as much as a fifth each year going forward, fuelled by greater foreign market participation, continued platform enhancements and new scope for algorithmic trading.
On 16 Nov 2007 in ET-Exchange Technology, Electronic Trading
Plus Markets Group (PMG) confirmed the successful launch of its new trading platform – built by OMX – this month, along with a significant expansion of its market offering under MiFID. With full London-listed stock coverage, including the FTSE 100, now available for trading on Plus, shares in the rival to the London Stock Exchange closed up 3.5 per cent on the news, at 22.75p each.
