• Electronic Trading

      • While many vendors in the securities industry are breaking down their solutions to offer separate components, Thomson Financial (booth # 3200) is taking the opposite approach.
      • Tackling the options-trading markets, EGAR Technology, a New York-based financial-technology-systems provider, and HyperFeed (booth #1427), a managed-exchange platform-services provider, will announce their new strategic partnership.
      • Two years ago, IPC Information Systems (booth #1509) led the charge in adopting voice-over-Internet Protocol (VoIP) for trading turrets. This year, IPC is taking it to the next level by demonstrating trading turrets as native IP-devices that can talk to any device with an IP-address.
      • * R.J. O'Brien has rolled out an exchange-order-routing and management system from Micro Design Services, LLC of Parsippany, N.J.
        * Tradestream Global will host its applications and back-up its data center on the Savvis extranet.
        * Investment Technology Group reports that U.S. equity-trading volume totaled 2.2 billion shares for the month ending May 30.
      • Cameron System, the London-based FIX vendor, signed a commercial agreement with Peresys, a South African software house focusing on financial services; The Chicago Board Options Exchange to launch the Hybrid Trading System in Harmony Gold options on June 12, after receiving approval from the SEC on May 30; ADP Securities Industry Software now supports security futures on its real-time securities-transaction-processing platform.
      • Eurex signed a letter for intent with the Board of Trade Clearing Corporation to act as a clearing house for Eurex's new U.S. exchange; ICAP plc, the fixed-income interdealer broker, reports that profits rose 39 percent to $123.7 million for the year-ending March 31, 2003; The Boston Stock Exchange selects RadianzNet as one of the options to give institutions secure network access to the new market.
      • Bloomberg is jumping into the FX dealing market by forming a broad alliance with EBS; Chicago Trading Company (CTC) is using Capital Markets Consulting's (CMC) gateway technology for eletronic market making; The Nasdaq Stock Market's Vice Chairman Daid Weild, IV has left the market to pursue other interests.
      • In a high-level shake-up of its executive team, The Nasdaq Stock Market named Glen Wolyner to serve as executive vice president of Nasdaq Transaction Services; Semotus Solutions began providing data on New York Mercantile Exchange markets via the wireless hand-held Futures Market ; The London Stock Exchange (LSE) has entered an agreement with Swedish trading technology vendor NeoNet.

Thought Leaders

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