IPC, a provider of trading communications, is deploying the BTI 7800 Series 100G converged networking system to increase performance and scalability between major hubs in metro regions and primary POP locations in regions with major financial centers.
Charles River, traditionally a provider of trade management systems, announced its Wealth Hub system that will automate asset manager to sponsor communications, thus speeding up the trade consolidation function and securely distribute account and model updates to sponsors in a single mouse click.
W. Hardy Callcott is a partner at Sidley Austin LLP in San Francisco. He previously served in the General Counsel's Office of the Securities and Exchange Commission (SEC) as assistant general counsel for Market Regulation, and with Charles Schwab & Co. Inc., as senior vice president and general counsel. He spoke recently to Traders about Dark Pools, the SEC and how Flash Boys continues to drive the markets crazy.
Fidessa Group announced the next phase of its post-trade strategy with the launch of an affirmation management service (AMS) for the buyside. Fidessa AMS is a new class of application that automates the workflow for direct trade affirmation between the buy-side and sell-side, delivering a faster, cheaper and more accurate alternative to current solutions.
BATS Global Markets, operators of a family of exchanges, announced today a new market data product that will provide cost-effective, high-quality quote and trade information for market participants looking for comprehensive, real-time market data across all of BATS' markets.
Societe de Bourse Gilbert Dupont (Gilbert Dupont) has selected SunGard to access Turquoise, the multilateral trading facility operated by the London Stock Exchange Group.
Barclays, operator of the LX dark pool, announced it has posted its Form ATS and other previously non-public documents on its website.
There is talk about "powerful computers" being used by high-speed traders to game the system, but what does that mean? Today's teenager has a super-fast PC, too.