Data Management
Financial Data Storm
STREAMING QUOTES
Thomson Financial: Topical to a 't'
One of the most hotly contested spaces on the buy side at present is that covering the pricing of complex OTC derivatives – most notably credit derivatives – and the valuation of portfolios and structured products comprising such instruments. It…
It's been spotty, infrequent, inconsistent and potentially biased
TowerGroup's Matt Nelson is dismissive of current pricing methods across the buy side for hard-to-price debt instruments, which, he explains, are typically managed internally by organisations either using Excel models or broker-supplied quotes and not…
Eurex Readies New Market Data Feed
German derivatives exchange Eurex plans to roll out a new market data feed as part of the latest upgrade to its trading system, say company officials. Version 10.0 of the Eurex trading system, which is due for release on November 26, will include a new…
Fidessa Adds Data From Emerging Europe
UK trading systems and market data vendor Fidessa is expanding the range of Eastern European market data carried over its products to include markets in Slovakia, Slovenia, Ukraine, Cyprus and Romania, to meet increasing demand for connectivity into the…
CME Details CBOT Data Developments to Users
The Chicago Mercantile Exchange will this month round up a series of forums to explain the implications of its merger with the Chicago Board of Trade to customers, and will make available test code for connecting to the combined market that—among other…
ICE Waives Web Data Fees
The Atlanta-based IntercontinentalExchange has waived fees for displaying its futures data on public Web sites for the remainder of this year and next. The fee holiday applies to delayed data on key benchmark contracts traded on the exchange.
LSE Preps Low-Latency 'Channels' Launch
The London Stock Exchange will launch its low-latency Performance Channels data distribution architecture in the first quarter of 2008, requiring customers of the service to upgrade their circuits from 10 megabits per second (Mbps) to 100 Mbps. Those…
OTC Val Opens for Business
Pricing and risk specialist OTC Valuations officially opened for business last week, offering valuations for illiquid over-the-counter derivatives and structured products. The company—founded by three Canadian financial industry and technology…
HKEx Migrates to MDF, Preps Closing Auction
Hong Kong Exchanges and Clearing provided an update on a number of market data initiatives at its H1 earnings presentation last week, including plans to integrate news and regulatory announcements into its Market Data Feed, discontinue support for its…
CME Sheds 380 Jobs
CHICAGO—Derivatives exchange CME Group expects to eliminate 380 positions by June 2008 as part of the derived synergies from the July merger of the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT), company officials said last week.
Nothing Good Ever Happens in August
I had planned to write about New York City's preparedness for a major storm after a bout of thunderstorms and a tornado left commuters wet, angry and mostly stationary last week. However, that truly pales in comparison to the storm affecting the credit…
Taifex Enlists BT Radianz for International Direct Feeds
The Taiwan Futures Exchange last week began providing its market data via BT Radianz's financial extranet, under a deal between the two to provide international trading firms with direct access to the exchange's datafeed.
Revere Increases Data Focus on Canadian BioPharm, MedTech Stocks
San Francisco-based data and research provider Revere Data has expanded its range of data available on equities and related companies in the Canadian bio-pharmaceutical and medical technology sectors, where the vendor says it is seeing increased demand…
Thomson Adds Chi-X Data
Thomson Financial is to distribute real-time market data from Chi-X, the MiFID-inspired European equity market operated by broker Instinet, via its key data products and feeds, as part of a strategy to bolster the data carried by the vendor resulting…
OptionsXpress Integrates Aspen Tools
Online options broker OptionsXpress is integrating components of Aspen Graphics' charting and technical analysis tools into its trading API, to increase the broker's appeal to sophisticated individual futures and options traders, officials tell Inside…
ISE: Data Rises Could Reverse
The International Securities Exchange is predicting falls in market data revenues, despite last week reporting an 8.1 percent rise in data revenues for the second quarter to $4.4 million.
Fair Game
Just in case you missed it, Rupert Murdoch's News Corp. last week gained the backing of sufficient members of Dow Jones' controlling Bancroft family to support a takeover of the company—or maybe you read about it in The Wall Street Journal or on your Dow…
ICE to Double OTC Valuations Frequency
The Atlanta-based IntercontinentalExchange (ICE) is planning to provide more frequent valuations of long-dated over-the-counter forward swaps, options and exotic derivatives via its Market Price Validation (MPV) product for benchmarking and validation of…
OMX Prepares OTC Reporting Utility
Nordic exchange group and technology provider OMX will next week begin testing a new trade reporting service to help firms take advantage of changes to over-the-counter trade reporting requirements under the Markets in Financial Instruments Directive,…