Deutsche Bourse puts market data in the cloud

Deutsche Bourse puts market data in the cloud

Deutsche Börse has introduced a new cloud-based service for the delivery of historical market data. The new service, dubbed ‘Data on Demand’ grants clients direct access via the Internet to a database of historical trade data from trading venues Xetra and Eurex, as well as Deutsche Börse index data.

Sascha Rangoonwala, head of back office data and services, at the German exchange, says the service makes it possible for users to access data at a low-price entry point without the need for heavy infrastructure investment.

Market data can be ordered manually via an internet front end and downloaded directly. There also is an HTTP-based, application programming interface (API) available. With this API data can be used in client-specific applications like tools for analysis, business intelligence solutions and spreadsheets. Inquiries can be automated and data can be downloaded as needed.

Says Rangoonwala: “Our new offering allows financial analysts, developers of financial applications and vendors to get fast and flexible access to historical trading data for backtesting and analyses.”

The data offering contains historical order book and tick data, price time series, closing prices and VWAP. Upcoming enhancements will include exclusive trading signals and key analytical data, says Rangoonwala.

LSE lands deal for Italian retail platform

LSE lands deal for Italian retail platform

The London Stock Exchange Group has beaten off competition from rival exchanges, including Nasdaq OMX and the Six Swiss Exchange, to acquire a controlling stake in an Italian retail bond trading platform.

LSE lands deal for Italian retail platform

The LSE Group’s Italian stock market Borsa Italiana has taken a 70% stake in EuroTLX, according to a statement released yesterday. The deal has been approved by the relevant regulatory authorities, the statement read.

Based in Milan, EuroTLX trades retail-sized Italian government and corporate bonds. It was jointly owned by Italian banks UniCredit and Banca IMI, the investment bank of Intesa Sanpaolo Group. They will each retain a 15% stake in the platform, according to the statement.

The LSE Group first bid for EuroTLX early last year, but its offer was deemed too low, according to one person familiar with the sale process. That prompted UniCredit and Banca IMI to initiate a new auction process for the platform late last year, which drew interest from Nasdaq OMX – which provides the platform’s technology – and Swiss exchange operator Six Group, according to people close to those exchanges.

The LSE Group’s head of fixed income markets, Pietro Poletto, will become EuroTLX’s chief executive. Massimo Tononi, Borsa Italiana’s chairman, will take on the same role at the platform, the statement yesterday said.


The platform adds to the LSE’s suite of retail electronic bond platforms, including MOT, an Italian bond market run by Borsa Italiana, and the UK’s Order Book for Retail Bonds, known as the Orb.

EuroTLX executed 1.8 million trades during the first half of this year, which represented a notional value traded of €53.5 billion, an increase of 6% on the same period last year, based on the platform’s own data.

It has benefitted from measures introduced by the Italian Government to help smaller companies tap the bond markets for financing. Last October, the country’s government approved a series of laws designed to encourage unlisted and smaller companies to raise money via the bond market and move away from solely relying on their bank lenders.

The new laws exempted private companies from a previously punitive withholding tax on interest paid on their bonds, instead allowing them to deduct interest paid on bonds, and also abolished rules that restricted how much companies could issue, as long as the bonds are listed on a regulated market platform.

High Frequency Traders: Taking Advantage of Speed by Yacine Ait-Sahalia, Mehmet Saglam :: SSRN

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

We propose a model of dynamic trading where a strategic high frequency trader receives an imperfect signal about future order flows, and exploits his speed adva (Paper modeling of a fully dynamically optimizing HFT based on signals from low frequency…
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Measuring Liquidity in Emerging Markets by Wenjin Kang, Huiping Zhang :: SSRN

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

We propose a modified version of the Amihud illiquidity measure, AdjILLIQ, which performs well in different types of emerging markets.
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High-Frequency Trading Key To ETFs

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Credit Suisse’s head of trading strategy says the essential role HFT provides is greatly misunderstood when it comes to exchange-traded funds.
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Inside Wall Street’s High-Frequency Trading Technology Arms Race

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Drones sending lasers across the ocean? Welcome to the race to trade at the speed of light.
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London Metal Exchange: LMEapp

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

The new free LMEapp provides market prices on a next day delayed basis for all LME traded futures contracts including; aluminium, aluminium alloy, copper, lead, nickel, NASAAC, tin, zinc, cobalt, molybdenum and steel billet.
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TMX Atrium adds Moscow and Amsterdam connectivity options

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Capital markets infrastructure services provider, TMX Atrium, has finished upgrading its connectivity link from Frankfurt into Amsterdam, after earlier this week opening up the Frankfurt Moscow Exchange link further by improving its pricing and…
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Equinix Opens Second Rio de Janeiro Data Center

See on Scoop.itThe FIX Protocol and multi asset electronic trading.

RJ2 meets growing demands for colocation from the financial services, enterprise, networking and digital content sectors Equinix, Inc.
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Tokyo Financial Exchange: Revitalization Of Back Delivery Months In Three-month Euroyen Futures

See on Scoop.itThe FIX Protocol and multi asset electronic trading.
TFX has decided to introduce a new Designated Market-Making scheme and Fee Discount Program for three-month Euroyen futures’ back months trading from 30 September 2013.
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