Block
Trading: 2008 Is Set to Be a Pivotal Year for Innovative Technologies to Support Trading of Large Blocks.
As NYSE Euronext joins with BIDS Trading to enter the US block trading venue competition,
established alternative block trading venues such as Liquidnet, Pipeline and BLOCKalert are looking to strengthen their global
reach and better cater to buy-side users.
Industry
Alert: High Performance Trading is Stressing Data Support. As high-performance trading adds new stresses on
the handling of market data and the trade messaging infrastructure, what investment firms are seeking from service providers
is rapidly changing.
Spotlight:
Kevin Foley, President and Chief Executive Officer, Aqua Securities. A new equities venture by Cantor Fitzgerald and
eSpeed shows users undiscovered streams of liquidity.
Derivatives
Trading: Orc Liquidator Enables Custom Execution Management. Orc Software’s Orc Liquidator execution
management system is built for derivatives strategies for arbitrage and market making, with a focus on advanced derivatives
algorithms.
On
The Exchanges: Partnership Bolsters virt-x’s European Strategy. With a name change and a new technology
partner, virt-x Exchange Ltd. is altering its approach to electronic blue-chip equities trading, including changing its name
to SWX Europe Ltd.
The News Network:
NYSE MatchPoint Readies For Launch, Sets Match Times; BNY ConvergEx’s Liquidpoint
to Serve Pershing, DerivatEx; Townsend Analytics Adds On Point’s STING Smart Router; Eurex, ISE Complete Merger and
Plan Joint Initiatives; Thomson TradeWeb, Dealers Partner on Execution Venue; BNY Mellon Establishes Post-Merger Asset Servicing
Entity.