NO 248 – OCTOBER 2013

WFE Focus

NASDAQ OMX to introduce trading algorithm test facility

The NASDAQ OMX Group and Thesys Technologies, the infrastructure affiliate of Tradeworx serving the high-performance technology needs of market participants, will jointly launch a next-generation testing environment which will simulate trading on all major US equities exchanges. The Algo Test Facility will provide NASDAQ OMX’s electronic trading customers a safe environment to rigorously examine algorithmic strategies by replaying and interacting with real historical market data. The Algo Test Facility is expected to launch in the first quarter of 2014, and will provide customers a market-wide equities testing platform.

NYSE Euronext implements new system for technology performance monitoring

NYSE Euronext has gone live with ITRS Geneos, a management technology monitoring tool, to monitor a core part of its US cash equities trading infrastructure. On completion, NYSE Euronext will be using ITRS Geneos to monitor its entire US equities and options exchange technology environment, from matching engines and client gateway connectivity to market data delivery, using a single tool.

NYSE Technologies launches new suite of data

NYSE Technologies, the commercial technology division of NYSE Euronext, will work with First Derivatives, a provider of software and consulting services to the capital markets industry, to create a new suite of historical data “Tick as a service” solutions. Combining NYSE Technologies’ historical and real time data expertise covering cash, options, futures and corporate actions with First Derivatives’ products and market expertise, the “Tick as a Service” offering will build into a suite of innovative market services for clients to gain efficient access to large data stores for analytical back testing and compliance.

Saudi Stock Market Tadawul upgrades its trading platform and extends contract with NASDAQ OMX

The Saudi Stock Exchange (Tadawul) and NASDAQ OMX Group have entered into an agreement to upgrade Tadawul’s current trading platform. As part of the agreement Tadawul will also continue to leverage the existing suite of market surveillance and CSD technologies that have been supported by NASDAQ OMX since 2006. As part of its long term strategic plan, Tadawul will replace its existing NASDAQ OMX platform (SAXESS) with one powered by X-Stream INET technology. Migration to the new platform is expected to commence in January 2014.