SAP Admits Infringement In Oracle Case
An attorney for SAP on Thursday wrote to U.S. District Court Judge Phyllis J. Hamilton pointing to media coverage of recent developments in the case as the reason for the shift in its strategy.
Algorithmic Trading in the FX Market
Adoption of FX algorithms is on the rise, and from black-box origins they are moving to a customizable, white-box model, according to Celent's analyst.
Q&A With ITG Managing Director Jamie Selway
In an interview with Advanced Trading, Selway explains how the Flash Crash boosted regulators’ knowledge of how high frequency trading functions and why they don't need to step in to curb market fragmentation.
SciComp Speeds Up Derivatives Pricing Software
SciComp announced it upgraded its derivatives pricing software SciFinance, to help quantitative developers quicken the development of Monte Carlo pricing models and to speed up execution times.
ITG Acquires Majestic Research
ITG looks to Majestic's independent analysis of companies to provide asset managers with investment ideas that generate excess returns.
FINRA Appoints New Head of Enforcement
The Financial Industry Regulatory Authority announced it appointed J. Bradley Bennett, a partner at the Washington law firm Baker Botts, as the head of the regulator’s enforcement division.
BT To Expand Ultra-Low Latency Capabilities
BT Radianz Ultra will provide market participants in Paris and London with sub-millisecond access to market data and execution services, exchanges and Multilateral Trading Facilities.
ITG Unveils Algorithm for Brazilian Equities
Investment Technology Group Inc. announced its Active algorithm can now be used to trade Brazilian equities as the firm looks to capitalize on growing demand from global clients invested in the Latin American nation’s markets.
DTCC Expands GCA VS’ Coverage to Listed Equity Derivatives
The Depository Trust & Clearing Corp. announced its global corporate actions validation service will now cover listed equity derivatives from five main global exchanges for the sector, with an eye towards further expansion down the road.