Emerging Technologies
EFIS 2014: AXA CIO Says Make IT Costs Transparent to Incentivize Business Lines to Manage Budgets
Financial firms can reduce their IT costs and improve relations between internal teams by adopting a service-based budget and a clear governance model aimed at enhancing staff accountability and incentives, following an example recently implemented at…
REDI Hires Three to Support Institutional Clients out of Boston Office
REDI Holdings, the provider of the REDIPlus execution management system (EMS), has appointed equity sales traders, Sean Graham and Roseann Hoffman Woodford, and software developer Jeremy Warburg, to support its sales, account management, and development…
EFIS 2014: CDO Role Must Focus on Data Transparency, Panel Says
Making data ownership and costs simple and transparent to business users will result in lower costs and better data quality, and should be a key focus of chief data officers, said a panel of CDOs, who spoke at this week's European Financial Information…
IT Spend Trends Toward Public Cloud
Even with limited budgets, firms are increasingly willing to invest in the public cloud.
Plunkett Joins WhaleWisdom for BizDev
WhaleWisdom, an aggregator of investor holdings data from 13F, 13D and 13G Edgar filings, recently hired Brent Plunkett as vice president of business development and a partner in the business with founder Daniel Collins, to market and improve the user…
Slow Budget Growth Prompts New Spending Strategies
Anemic technology budget growth—a large portion of which is tied up in compliance—means firms are looking to make the most of the money they do have to spend on IT. Strategies for stretching the available dollars include restructuring budgets and…
SmartStream Hires Nicholas as APAC Director of Professional Services
Transaction lifecycle management provider SmartStream Technologies has appointed Richard Nicholas as its new director of professional services for the Asia Pacific region.
GFI Board Acknowledges BGC Proposal
The board of interdealer broker GFI Group has voted to open its books to suitor BGC Partners, after the brokerage firm made an unsolicited offer to acquire it last week.
NBAD Hires Yuen as Asia Chief
The National Bank of Abu Dhabi (NBAD) has selected Susan Yuen to be its Asia CEO.
ITRS Opens Singapore Office
ITRS Group, a London-based provider of real-time systems monitoring and management technology, announced it has opened an office in Singapore in response to increased customer demand in the region.
Celoxica Gets £1.5M Funding to Grow Global Presence, Segments
Celoxica, a London-based provider of FPGA-accelerated low-latency data, trading and risk technologies, has raised £1.5 million in funding from Beringea Growth Finance, a private equity firm specializing in asset-based and working capital finance.
FT Taps Morningstar for Print Price Data
The Financial Times has enlisted the UK arm of Chicago-based data and investment research provider Morningstar to supply the price data in the back pages of its daily Companies & Markets section, as part of a new look for the newspaper, starting today,…
Activ Adds Victor Volatilities for Real-Time Risk Analytics
Market data and ticker plant vendor Activ Financial is planning to distribute real-time volatilities on US options from Englewood, New Jersey-based analytics provider Victor Technologies over its market data aggregation and distribution platform, as an…
Markit, Pirum Ink Securities Finance Data Delivery Partnership
Market data provider Markit has expanded the breadth of its securities finance data via a partnership with Pirum, a provider of post-trade securities finance automation tools, which enables mutual clients to access Pirum's end-of-day and intraday trade…
Opening Cross: Data Is as Much About Getting Together as Getting It Together!
This week, all eyes will be on London and Inside Market Data’s European Financial Information Summit, which promises its usual array of lively panel discussions and roundtable debates. These events—which IMD holds in key market centers worldwide…
SEC Continues Data Focus with Risk Analytics Office
The US Securities and Exchange Commission (SEC) has announced the formation of a new office within the Division of Economic and Risk Analysis (Dera), which will develop data-driven tools to support regulatory activities.
BGC 'Brokers' $12M in Sept. 11 Donations
Interdealer broker BGC Partners and its Cantor Fitzgerald affiliate raised about $12 million for charity Thursday, Sept. 11 during a star-studded charity day that sees the firms donate all revenues generated that day by its brokerage operations around…
To Support Data Tech Innovation Surge, Spread a Little API-ness
Financial markets firms are demanding changes to the way they access and analyze financial data, leading to a rise in technology innovation among companies leading the charge to meet this demand and change the status quo, says Andrew Lewkowicz, managing…
Liquid Adds Three to Risk Team
Jeremy Shaw, Richard Boesch, and Isaac Babani each join the provider's risk analytics team in a senior financial engineer role.
FxPro To Acquire Spot FX Aggregator Quotix
The agency-model foreign exchange (FX) broker FxPro Group has announced its acquisition of Quotix, the provider of liquidity aggregation and distribution solutions to FX buy-side and sell-side firms, in order to open up to institutional clients and…
Tullett Prebon, Parthian Partners Sign Joint Venture in Nigeria
Interdealer broker (IDB) Tullett Prebon has announced it has signed a joint venture with Nigerian-based interdealer broker Parthian Partners to expand its footprint across Africa.
CME Europe Adds Vermaas as CEO
The Chicago Mercantile Exchange Group (CME) has appointed Cees Vermaas as managing director and CEO of its London-based derivatives exchange, CME Europe.
ICE's SuperDerivatives Buy Welcomed, Though Integration Details Still Unclear
Less than a calendar quarter after selling one data technology business──NYSE Technologies' Wombat platform──to SR Labs (IMD, June 18, 2014), Intercontinental Exchange acquired another in the form of derivatives pricing and risk management vendor…
DataArt Acquires AW Systems
Bespoke software developer DataArt has acquired New York-based web engineering and consulting firm AW Systems to expand its global portfolio of consulting by doubling its consulting and engineering team in New York, and enabling it to serve North…