LSE introduces proximity service

Finextra: LSE introduces proximity service
The London Stock Exchange LSE is introducing a hosting service that will provide high-frequency algorithmic trading firms with low latency access to its TradElect and Infolect systems.
The new service – called Exchange Hosting – allows firms to physically locate servers within the LSE’s data centre. The UK exchange says this will [...]

EMS and OMS: Integration on the Horizon

EMS and OMS: Integration on the Horizon? by Advanced Trading
The use of trading technology reaches back to the early 1990s to the introduction of the order management system (OMS). The OMS substantially consolidated error-prone, paper-intensive trading processes prevalent at many firms into easily manageable electronic trading blotters. The benefits realized, the OMS evolved into the [...]

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 [...]

Finextra: Eurex to establish US options trading link

Finextra: Eurex to establish US options trading link
European derivatives exchange Eurex says it will establish a transatlantic trading and clearing link that will enable its customers to access options products at the New York-based International Securities Exchange (ISE), which it acquired last year.

Finextra: Nyse Arca provides routing to dark liquidity

Finextra: Nyse Arca provides routing to dark liquidity
Nyse Euronext says it is launching a new “routing and price improvement service” that will provide users of its Arca electronic trading platform with access to non-displayed liquidity.

NYSE-BIDS Joint Venture Reveals Crossing Plans

NYSE-BIDS Joint Venture Reveals Crossing Plans
The New York Stock Exchange’s dark pool joint venture with the parent company of BIDS Trading is expected to be up and running by summer. The planned exchange facility, which requires Securities and Exchange Commission approval, will attempt to match non-displayed blocks sitting in the crossing facility, posted liquidity on [...]

Dark liquidity brews perfect storm for Nyfix – Luke Jeffs

Financial News and Information from Financial News Online US
NYSE Euronext, the world’s largest stock exchange group, is due to launch Project SmartPool, its dark liquidity system, which it is developing in conjunction with investment banks BNP Paribas and HSBC, before the end of June.
Turquoise, the putative trading system backed by nine investment banks, plans to [...]

Finextra: Fidessa LatentZero offers FX Connect access

Finextra: Fidessa LatentZero offers FX Connect access
Fidessa LatentZero, one of the world’s leading providers of front-office software to the buy-side, has announced that it will now offer access to State Street’s FX Connect trading platform from its order and execution management system, Minerva.

All These Exchanges Have To Merge Someday

Deal Journal – WSJ.com : All These Exchanges Have To Merge Someday
consolidation probably won’t come, for a long time, and to know why you can look to the big investment banks. They are the most powerful players in trading. All orders have to through a broker to get to an exchange, and the big banks [...]

New Latency Measurement Tools From Reuters, TS-Associates

New Latency Measurement Tools From Reuters, TS-Associates
A pair of products designed to measure and monitor latency–a growing area of technology development amid ever-growing market data volumes–made their debut this week.
Reuters, in conjunction with vendor partners Endace and Trading Metrics, on Monday introduced a system that measures the network delay between the source of market data [...]