Townsend, Zacks Combine Wares

Though the two vendors will still maintain their own product lines, they will combine Townsend's real-time quotes, news and technical analysis with Zacks' in-depth income statement, balance sheet, cash flow, estimates and research data to target equity-only buy-side firms that need deep analytic capabilities together with a real-time data and trading component, says Adam Cohen, vice president of institutional services at Zacks.

"It will be more like an add-on module to RealTick, and the other

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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