Lehman Brothers Expands Algorithmic Trading to India Shares by Advanced Trading

Lehman Brothers Expands Algorithmic Trading to India Shares by Advanced Trading
Lehman Brothers, the global investment bank, has extended algorithmic trading for shares traded on the National Stock Exchange, India, through its LMX(r) Trading Strategies, further enhancing the efficiency of its equity trading platform.
Lehman Brothers executed the first algorithmic order on August 4 through the new [...]

Top Brokerages Bet On Complex Options Algos

Wall Street Letter
A recent study by TABB Group found that buyside traders expect to send nearly 35% of their options order flow through algorithms by 2010, up from only a fraction sent that way now. The firms are trying to cash in on the interest, but executives say it won’t be easy money, as most [...]

U.S. Algorithm Spending Slows by Advanced Trading

U.S. Algorithm Spending Slows by Advanced Trading
After growing at substantial rates over the last several years, spending on algorithmic applications by the buy side is slowing in the United States. According to research by Datamonitor, buy-side spending in the U.S. on algorithmic trading applications will rise slightly from $442 million in 2007 to $454 million [...]

Dow Jones and RavenPack Collaborate to Deliver Dow Jones News Analytics with API for Customers’ Proprietary Trading Systems

Dow Jones and RavenPack Collaborate to Deliver Dow Jones News Analytics with API for Customers’ Proprietary Trading Systems
Produced in partnership with RavenPack, a leader in computational linguistics, Dow Jones News Analytics provides a unique combination of Dow Jones real-time news and RavenPack’s sentiment data. Now, firms can integrate this data into their automated trading systems [...]

Instinet in Algorithmic Access Deals With Three Firms

Instinet in Algorithmic Access Deals With Three Firms
Agency brokerage Instinet said it is offering direct access to the algorithms, alternative trading systems (ATSs) and trading desks of bulge-bracket firms Bank of America Corp., Credit Suisse and Goldman Sachs & Co. via its Newport and Instinet Trading Portal front ends.
Instinet clients will gain streamlined workflow and [...]

Buy-Side Moves To Custom Algos

Institutional Investor – Article
The buy-side’ use of algorithms is changing as more brokers are embracing customized services and solutions that allow more control over different electronic trading components, new research from the TABB Group suggests. The research firm estimates that before the end of 2008, at least 30% of all algo flow will be sent [...]

Goldman Sachs system is a hard sell to rivals Luke Jeffs

Financial News and Information from Financial News Online US
To realise its RediPlus opportunity, the bank must win over opponents
Three months after Goldman Sachs launched its first European multi-broker algorithmic trading offering, the investment bank can afford to be pleased with its reception. But it is struggling to convince its largest rivals.
Graphics
The bank has succeeded [...]

Pipeline Set To Launch Algo Selector

Institutional Investor – Article
Federspiel said his firm is spending much more time than anticipated on research and implementation of how to use the retail-linked dark pools. The firm has spent the past couple of months optimizing interaction with those pools to prevent getting small fills that deliver little price improvement on the large parent order, [...]

IBM, Red Hat Unveil Algorithm Trading Product

IBM, Red Hat Unveil Algorithm Trading Product
“to help financial-services firms take advantage of accelerated streaming data, real-time analytics and complex multi-path calculations in real-time trading and risk environments.”