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Low Latency Blogs

At the risk of sounding contrarian, could it be that an earlier generation of Thomson Reuters management was onto something when it put a whole lot of the Thomson family’s eggs in the Eikon basket?

Invesco is replacing a number of vendor execution management systems (EMS) with Portware’s Enterprise EMS, which will act as a centralised hub for execution management across all its asset classes. Invesco’s selection of Portware was made after an evaluation of competitive providers that considered not only available products, but also the vendors’ strategies going forward.

Saxo Bank has opened a portal for social trading on its multi-asset class SaxoTrader platform. Called TradingFloor.com, the portal is open to investors around the world and enables them to share trades, comments and feedback.

A new name is set to appear in financial markets data centres. With its planned purchase of IBM’s low-end server business, China’s Lenovo is set to become a major arms dealer to trading enterprises. The transaction - announced last week and subject to regulatory approval (including related to foreign investment) - will see Lenovo pay $2.3 billion for IBM’s x86-based product lines and associated networking gear, as Big Blue continues its pull back from its hardware roots in reaction to declining margins.

ITRS has partnered with integrator Excelian to add Murex to the list of trading and risk applications handled by its Geneos performance monitoring system. The arrangement will give mutual clients access to real-time metrics on system performance for Murex solutions.

MathWorks and Numerix have integrated the Numerix Cross-Asset Integration Layer with MathWorks’ Matlab numerical computation environment to allow Matlab users to access Numerix calculations in the creation of applications for pre-trade pricing, modelling and analysis of complex financial instruments.

In a shock move this week, News Corp has replaced Dow Jones CEO Lex Fenwick with William Lewis, News Corp’s chief creative officer who will serve as interim CEO at Down Jones until a permanent CEO is appointed. The change of CEO coincides with a review by News Corp of Dow Jones’ institutional strategy.

Earlier this week, I blogged on our Reference Data Review channel complaining about the lack of easement into 2014. And so has the rush of last week extended into this as we corral the marketplace for the latest ideas and opinions for our upcoming conferences, which kick off in London on March 4 with our Intelligent Trading Summit, followed briskly on May 14 in New York by a US version looking at similar themes.

Sarah Underwood

IXcellerate has added TMX Atrium connectivity to its Moscow One data centre, bringing the total number of carriers connected to the centre to 10. TMX Atrium offers ultra-low latency connectivity services and in this case provides some of the lowest latency connectivity between Moscow and European financial centres including London, Frankfurt and Stockholm. A round trip from Moscow to London comes in below 40 milliseconds.