Inside Market Data - Vol 24 No 34

IMD Reference: Bloomberg Takes Lead Share

Bloomberg edged ahead of the merged Thomson Reuters during 2008, with a 33 percent share of the real-time market data industry compared to just under 32 percent for Thomson Reuters, according to this year's Inside Market Data Reference report.

Bottega: Be Pragmatic, Be Understood

John Bottega, recently appointed chief data officer at the Federal Reserve Bank of New York, kicked off last week's North American Financial Information Summit with a keynote speech calling for data management professionals to be more pragmatic in their…

Celoxica Preps 29West LBM Acceleration Card

UK-based hardware acceleration technology vendor Celoxica has begun beta testing an accelerator card that will reduce latency for customers using 29West's Latency Busters Messaging (LBM) over UDP (User Datagram Protocol) Multicast links, officials tell…

MetaBit Cuts Latency with Solace

Japanese FIX order-routing provider MetaBit has integrated hardware messaging vendor Solace Systems' 3260 Content Routers into its XiliX direct market access platform and Market Liquidity Hub, to reduce the latency of exchange data it distributes to…

Banks: Data Usage Reviews Key to Costs

As firms face increasing pressures to control overall costs and spend on market data, closer evaluation of data requirements versus actual usage has become a priority, according to a panel of end-user firms at last week's North American Financial…

Exchanges Must Standardize, Ease Hidden Burdens

As cost pressures continue to rise, exchanges should do more to adopt standards that make it easier for end-user firms to connect to and consume their data, if not move towards making commoditized data more freely available, said members of an exchange…

Latency Still Vital, But 'Smarts' is New Focus

While latency continues to be a competitive differentiator for trading firms, they are placing more emphasis on how they leverage their technology in smarter ways to create greater benefits, according to panelists at last week's North American Financial…

Content Demand Rises as Downturn Changes Trading

User firms are demanding more content from data providers-both in terms of scope and granularity-and better data quality, as they strive to improve their decision-making capabilities, according to one panel discussion last week.

The Party's Over

The first item on my agenda this week must be to say a big thank you to everyone who participated in last week's North American Financial Information Summit-from the speakers and participants who made the panel discussions the best that I've seen, to the…

Hedgehogs.net Seeks Data For Web Portal App Store

Hedgehogs.net, a recently launched Web portal that combines a social networking platform for investment professionals to communicate with peers with aggregated Web content, is in negotiations with data vendors to provide access to data for third-party…

Panel: Take Dual Approach to Tackling Capacity

Capacity issues resulting from more algorithmic trading and increased data volumes continue to vex industry participants, who are taking a dual approach of trying to predict capacity requirements while reducing the number of applications that need access…

Liquidnet Tackles Latency via Direct Feeds

Alternative trading system Liquidnet is migrating from a consolidated vendor feed of equities data to a direct exchange feed solution for incoming market data, to reduce the latency of data used to determine routing strategies and of its own mid-point…

Vendors Focus on New Drivers of Demand

Data providers are adapting to economic conditions with new content sets and capabilities driven not just by cost pressures, but by end-user demand to comply with new regulations, and by simplifying product sets to address broader audiences, according to…

Reuters Adds Commodities News Sentiment

Thomson Reuters has expanded its NewsScope Sentiment Engine, which ascribes sentiment "scores" to news stories to reflect how positive or negative they are for use in algorithmic trading engines, with the addition of scores for real-time commodity and…