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Exegy, Inc., the market data appliance company, announced today a new ground-breaking product - Data Tone - based on the Exegy Ticker Plant. It is now possible for traders to access market data via Data Tone at $1000 per connection.

Atrium Network, provider of smarter connectivity for the financial community, announced today that participants are signing up to access the Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, via Atrium Network’s POP, located in the CBOE facility at 400 South La Salle, Chicago. CBOE options are now being accessed by Atrium Network’s European customer base using the same infrastructure as existing Atrium Network US clients.

Nigel Woodward Intel After five years at Intel as head of its financial services strategy, Nigel Woodward has exited the building for pastures unknown. Woodward joined the firm back in February 2006 (see our news brief on the subject at the time here) and during his five years at Intel, has focused on leading its retail and investment banking strategy.

ACTIV Financial, a global provider of fully managed low-latency market data solutions, today announced that is has become the first external data provider to distribute Top of PHLX Options Plus Orders (TOPO Plus Orders), the premier data feed for NASDAQ OMX PHLX (PHLX). ACTIV customers can now tap into the most comprehensive view of the market to more quickly and confidently react to dynamic market conditions on one of the largest U.S. options exchanges. PHLX trades more than 2,600 equity options, sector index options and U.S. dollar-settled options and captured 25.2% of all U.S. equity options trading in August.

While sell-side firms are eager adopters, OMS and EMS vendors have been slow to embrace an algorithmic trading language from the FIX Protocol Organisation, which helps them quickly adapt their systems to new algorithms, according to a panel at A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, held in New York this week.

UBS Investment Bank has made a strategic equity investment in high frequency trading technology specialist Mantara, becoming the first investor to cut a commercial deal with the company and extending its reach in the high frequency, low latency trading market.

Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, announces today its plans to build the lowest latency cable route from New York to London offering High Frequency Traders the unique latency under 60 milliseconds. Hibernia’s Global Financial Network (GFN) currently unites hundreds of global banks and financial exchanges with a single connection. The GFN was built for the financial community and meets their demanding performance and reliability requirements. Project Express will only strengthen the GFN as the fastest route across the Atlantic.

Securities firms have to learn how to better exploit their low-latency architectures so that all groups in a trading enterprise can see the business value of their costly high-performance infrastructures, said participants in a panel discussion at A-Team Group’s Insight Exchange conference on High Performance Technologies for Trading and Risk, this week in New York.

Two-thirds of financial services firms fear their analytics programs and infrastructures will not be able to handle increasing analytical complexity and data volume, according to a just-released Research Report, featuring a survey of financial services professionals and conducted by Wall Street & Technology in conjunction with Platform Computing, SAS and The TABB Group. Completed in July 2010, the survey indicates that firms are hampered by a lack of scalability, inflexible architectures and inefficient use of existing computing capacity. Noteworthy differences exist in the challenges being faced by both buy- and sell-side firms, with sell-side institutions more likely to report a lack of a scalable environment, insufficient capacity to run complex analytics, and contention for computing resources as significant challenges.