Emerging 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…
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.