Emerging Technologies
Open Platform: Big Data, Little Urgency
Bombarded by hype about Big Data, financial firms feel pressured to adopt Big Data solutions. But, depending on their needs, firms should think twice before throwing out existing data warehouses, says Jonas Olsson, founder and chief executive of Swedish…
Opening Cross: Testing Times? Consider Lifelong Data Learning
From the day we are born until the day we die, there are always opportunities to learn something new. Once upon a time, your learning largely ended whenever you left school, and training meant learning how not to get killed or maimed by whatever…
Six Securities Services Acquires Oslo Clearing
Swiss post-trade services provider Six Securities Services has completed the acquisition of Oslo Clearing.
Anthony Malakian: Can 10,000 Needles Rouse a Bear Economy?
Thanks to a new three-tiered economic plan and relative stability at the top of the Japanese government, there is some hope that Japan will jolt its sluggish economy—though many still have their doubts. But Anthony says that hope and stability are…
Michael Shashoua: Data Quality Beacon
The trade-off between data sourcing transparency and confidential business interests makes it difficult to pursue higher quality data through cooperative or open efforts. Michael points to an Omgeo initiative that is proving an exception to this rule,…
Wall Street Network Solutions Adds Cuttone, Callanan to Board
New York-based low-latency infrastructure provider Wall Street Network Solutions has named Donato Cuttone and Annie Callanan to its corporate advisory board.
The Cost of Co-Location and When to Make a Move
At this year's Tokyo Trading Architecture Summit, panelists discussed the costs of implementing a co-location strategy. This is part two of a three-part Q&A.
BGC Agrees to Purchase Mexican broker Remate Lince
New York brokerage BGC Partners intends to buy Mexican interdealer broker Remate Lince, which runs an interest rate derivatives and bond brokerage businesses.
Japanese Firms Weigh Benefits, Costs of Joining the Latency Race
At this year's Tokyo Trading Architecture Summit, panelists discussed how firms have chased latency improvements, while balancing cost and time to market. Some ultimately decide to change course.
Markit Names Eisen to Lead Collaboration Services
Markit has appointed Andrew Eisen head of Markit Collaboration Services, the vendor's open messaging network initiative that allows financial professionals to communicate and share information across any messaging platform.
ISDA Taps ICE Benchmark Admin to Run ISDAFIX Benchmark
Derivatives industry body the International Swaps and Derivatives Association has appointed ICE Benchmark Administration, the IntercontinentalExchange-owned independent benchmark operator that already acts as the new administrator for the LIBOR benchmark…
GMEX Index Unit Strikes IRS Data Deal with Tullett Prebon Info
Global Derivatives Indices (GDI), the wholly owned index development and production subsidiary of derivatives exchange operator and consultancy Global Markets Exchange Group International (GMEX) has struck a deal with Tullett Prebon Information (TPI),…
Cordatum Taps Rothery for Partnerships Role
Cordatum Associates, a London-based consultancy providing advisory services around market data sales and procurement to content providers, has enlisted independent consultant Ian Rothery as an associate, responsible for advising clients on how to get the…
The Roadblocks to Investing in Innovation
In part three of a three-part series, members of Japan's trading community discuss the decisions they have to make about what to invest in, and what will have to wait for another day.
Capco Appoints Steve Vinnicombe as UK CEO
Consultancy Capco has announced that Steve Vinnicombe will be replacing Andrew Tarver as its UK CEO.
BlueBay's Willis Joins Algomi as Strategic Advisor
London-based fixed-income technology provider Algomi has appointed Hugh Willis as a strategic advisor.
Dash Departs Bloomberg Indexes
Srikant Dash has left his role as global head of indexes at Bloomberg, Inside Market Data has learned.
Data Vet Farrell Joins FX Trading Tech Vendor Integral
Palo Alto, Calif.-based foreign exchange trading technology provider Integral Development has hired Richard Farrell as managing director in charge of new client segments, with responsibility for expanding the vendor's products into new business areas.
Batteries Not Included
Japanese exchanges and the Waters Rankings lead this week's coverage.
Nasdaq OMX NLX Expands Board of Directors
London-based derivatives trading venue Nasdaq OMX NLX has appointed Anthony Belchambers, Rod Banus and Andrew Chart as non-executive directors of NLX.
Opening Cross: Innovation Isn’t Just About Being Faster; It’s About Being Smarter and Better
The recent furor over high-frequency trading prompted by Michael Lewis’ book Flash Boys has led many to think that the only source of innovation in financial markets is making things faster, so that some kind of banker-sandman phantom can steal Granny’s…
Divine HFT Providence?
Public investors are about as important as institutional clients come for buy-side shops. Tim wonders what we should make of the class-action civil suit brought this week by one of them—the City of Providence, Rhode Island—alleging high-frequency…
Liquidnet Expands Market Surveillance Team in Europe
Institutional trading network Liquidnet has expanded its market surveillance team in Europe with the appointment of Christopher Wall as head of market surveillance in Europe and David Stockwell as market surveillance specialist.
Instinet Makes Necakov CTO
Instinet, the equity execution services arm of the Japanese bank Nomura, has appointed Tony Necakov as CTO.