Emerging Technologies
Frederick Goes from Algos to Sales at Instinet
On its face, Instinet's appointment of Chuck Frederick as head of US product sales is an unusual one. Frederick has been a technologist his whole career, serving most recently as head of algo development at Instinet, the equity execution services arm of…
Under Attack: Is Real-Time Data Safe from Hackers?
With recent data breaches such as US retailer Target falling victim to point-of-sale customer data theft and AOL email passwords being compromised grabbing the headlines, it's easy to understand why consumers are paranoid about data privacy. With the…
Macrobond Opens New York Office, Readies New Version of Workstation
Swedish time-series data and analytics vendor Macrobond Financial has established a new sales and support office in New York to service its growing customer base of US investment banks and hedge funds, as well as existing European clients with a US…
Options? In Texas? Play That Again For Me ...
Tim reflects on his recent trip to Austin and the Options Industry Conference, and introduces next month's cover profile, the first of its kind for the magazine.
Cumberbatch to Lead Rimes Reference Data Products
Bob Cumberbatch has been hired to lead work on Rimes Technologies' reference data services, with a focus on buy-side firms' management of new regulatory requirements
Bottega Plans Collaboration at EDM Council
John Bottega, a former chief data officer at a few major firms who recently joined the industry organization as an advisor, intends to work with member firms on data management strategies
Stifel to Acquire Oriel Securities
Stifel Financial Corporation has announced that it will acquire Oriel Securities, a stockbroking and investment banking firm based in London.
Rimes Hires Drumm For S.F. Office
Rimes Technologies has hired Michael Drumm, an experienced sales management executive, to lead its new San Francisco office
Bottega Joins EDM Council
John Bottega, who has served as chief data officer for the Federal Reserve Bank of New York, as well as Bank of America and Citigroup, has joined the industry organization as an advisor
S&P Cap IQ Adds Numerix Pricing Models
S&P Capital IQ has incorporated pricing models from derivatives analytics, valuation and risk management software vendor Numerix into its Portfolio Risk solution, building on an existing multi-year agreement between Numerix and R2 Financial Technologies,…
Carrel Leaves Thomson Reuters For Calypso
The software and services provider has named Philippe Carrel, a longtime Thomson Reuters risk executive, as general manager for the Asia-Pacific region
Update: Markit IPO to Raise ‘War Chest' for Competitive Boost
UK-based data vendor Markit filed plans for a US initial public offering with US regulator the Securities and Exchange Commission on Monday, May 5, in a move that industry observers say will allow the vendor to raise funds to compete more aggressively…
Euroclear and the DTCC To Launch Collateral Processing Joint Venture
The boards of the Depository Trust and Clearing Corporation (DTCC) and Euroclear have announced they have given their companies a go ahead to establish a joint venture to streamline margin settlement processes and enhance access to collateral processing…
Confluence Promotes, Hires Former SunGard Execs
Pittsburgh-based fund data management software provider Confluence has promoted Todd Moyer to executive vice president of global business development, responsible for driving the vendor's global growth efforts, and reporting to chief executive Mark Evans.
Custom Connect Names Ex-Fixnetix Exec Kingsnorth COO
Dutch fiber and microwave network provider Custom Connect has appointed Anthony Kingsnorth chief operating officer, responsible for heading the company's global operations and setting its overall business strategy.
Société Générale's Sabatier Joins Etrali Trading Solutions
Etrali Trading Solution has appointed Mike Sabatier, former global deputy head for voice communication services at Société Générale (SocGen), as a vice president of its operations in France.
Options Nabs Another NYSE Tech Exec, Richard Hughes
Options, the infrastructure-as-a-service provider formerly known as Options IT, has hired Richard Hughes, formerly global head of business development at NYSE Technologies, as senior vice president and managing director for Europe, based in London, and…
Credit's IT Crunch
Credit teams face tremendous operational stress on both sides of the Street, while new kinds of data governance schema and advanced analytics are popping up, helping them to cope. A quartet of buy-side and sell-side technologists give their take on where…
Solarflare Unveils New Delhi R&D Facility
Hardware-acceleration and data network technology provider Solarflare has opened a new research and development facility in New Delhi, India that will contribute to the development of network applications that run on Solarflare's hardware platforms.
Markit Files for US IPO
Markit has filed plans for an initial public offering with the US Securities and Exchange Commission, intended to raise $750 million.
Lucena Raises $1 Million Funding Round
Atlanta, GA-based decision support analytics provider Lucena Research has raised $1 million in a recent funding round to support "rapid expansion" of its cloud-based QuantDesk predictive analytics platform.
Google Finance Publishes JSE Delayed Data
The Johannesburg Stock Exchange (JSE) is now making 15-minute-delayed equity prices available via Google Finance to enable local and global clients and investors to track price movements on JSE, alongside market updates from 35 stock exchanges globally.
SIX Provides Global Data to Mexico's Infosel
Mexican data vendor Infosel has enlisted the US arm of Swiss data provider SIX Financial Information as a content partner to provide the Mexico City-based vendor with global market data to serve its clients at asset managers, pension funds and broker…
FBR CIO Tim Wood Cuts Costs, Tech to Grow Profits
Arlington, Va.-based investment bank FBR found itself in freefall during and after the mortgage crisis. CIO Tim Wood’s job description changed dramatically, from builder to cost-cutter. By putting his business skills to the test, he made dramatic but…