Data Management
Exchanges Must Seek 'Intellectual' Innovation
In the face of competition from their members and a consolidating market, exchanges need to answer end-user issues while also coming up with the Next Big Thing-or "Next Big Think." By Rafah Hanna, head of data at MTS
London Stock Exchange Spells Out 2008 Priorities
With exchange mergers focusing efforts on integration, the London Stock Exchange sets out the data and technology projects that will be most relevant to customers in 2008. By David Lester, chief information officer, London Stock Exchange
Algos Face Fragmentation, Complexities in '08
Algorithmic trading and smart order-routing applications will need to balance market data from multiple venues with clearing and settlement data, post-MiFID. By Bob Fuller, non-executive director at Fixnetix, and former chief executive of Equiduct.
'Smart' Bombs to Ignite Liquidity Explosion
As competition increases and European markets divide to serve different trader requirements, smart order-routing algorithms will not only become more widely used, but more sophisticated, and will need to capture and analyze data on not just prices, but…
Taming the Wild, Wild Web
In the last couple of years, the Internet has become pervasive and global, spawning an exciting generation of Web 2.0 applications like podcasts, blogs, wikis, P2P social networking, Semantic Web mashups, and 3D virtual worlds. The latest consumer…
2008: The Year of ...?
There's an old Roman saying: "Always follow a fat Pope with a skinny one." After 2007, when Regulation NMS and the Markets in Financial Instruments Directive (Mifid) went into full effect and the credit market melted down, what can the industry expect…
BOX Weighs Possible Platform Migration
BOSTON-Keeping in line with New Year's resolutions, the Boston Options Exchange (BOX) plans to reevaluate and possibly diversify its server providers, DWT has learned.
IT Spending Up in 2007
BOSTON & LONDON-Despite the credit crunch, financial services firms have spent more on IT investments in 2007 than previous years, say industry watchers.
TSX Shelves Controversial Data Fees
The Toronto Stock Exchange has put on ice plans to charge data clients according to the number of servers running analytical programs that consume TSX data, after a frosty response to the proposed fees from end-user firms.
Month in Numbers
'In an ideal world you want everything on a single platform; you want your order generation, your order management, your compliance checking, and probably your settlement functions supported by the same platform'
Swapswire off the Markit as acquisition is signed
Markit, the London-based provider of data, valuations and trade processing technology for OTC derivatives, is to expand its post-trade expertise by acquiring SwapsWire, the provider of OTC derivatives confirmations. The amount paid for the acquisition…
The drive to kill operational latency
Last month Omgeo hosted a roundtable in London where the role of the back office in increasing efficiencies across multiple markets and asset classes came under the spotlight. Participants agreed that even though back-office staff remain the unsung…
Nasdaq Readies Options Depth Feed
Nasdaq plans to create a proprietary options market depth datafeed to carry the full depth of data from its forthcoming options market, and to provide increased transparency into the options market-though the exchange has not yet set a launch date for…
Code Red Preps Jan. Launches
Research management software vendor Code Red is targeting Jan. 1 to roll out both its IdeaNet online broker-client communication platform and version 3.2 of its Red Alerts research management system, which includes built-in integration between standalone…
Hardware Data Solutions "Accelerate"
Since Exegy unveiled its first hardware-based ticker plant "appliance" at 2006's SIFMA show, the concept of hardware acceleration has become more common throughout the data industry. But while its benefits seem compelling, some barriers to adoption still…
Reference Data Raises its Profile
The market data world's alter-ego, reference data, gained traction in 2007, with new regulation and an increased focus on risk management fueling investment in projects for cleaning and centralizing data.
LSE Targets April for Performance Channels
The London Stock Exchange aims to go live with a full production version of its low-latency Performance Channels datafeed in April 2008, following a period of testing with user firms that begins in January.
Bear Expands Derivatives Pricing
Bear Stearns is expanding the range of derivatives products for which its PricingDirect division provides valuations, and is also expanding the currencies in which the firm provides valuations, officials tell Inside Market Data .
TheMarkets Upgrades MeritMark
Research portal TheMarkets.com has enhanced its MeritMark research evaluation tool, to support more granular feedback from buy-side firms about the quality of sell-side research staff and services.