Emerging Technologies
Vendors Await 'Yes' Decision
Project Yes, an initiative devised by a consortium of continental European banks to rival trade reporting utility Project Boat, is expected to begin selecting vendor partners to provide data and technology support for its planned services by the end of…
Users Wary of Thomson-Reuters Deal
Market data professionals last week expressed caution over the proposed takeover of Reuters by Thomson Corp., but cited low product overlap and the combined entity's ability to take on rival Bloomberg as positive aspects of the deal.
Trading-Floor Synergies for Thomson, Reuters?
NEW YORK—Although the recently announced acquisition of Reuters by Thomson Corp. may lead to consolidation in market data distribution, industry insiders tell DWT that they expect to see the proposed merger leading to new synergies on the trading floor.
Credit Suisse Lightens Data Load
Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution.
Vietnam Exchange Enlists NextView for International Data Distribution
Singapore-based data vendor NextView signed an MOU with Vietnamese stock exchange the Ho Chi Minh Securities Trading Center (HSTC), last Friday, May 4, to distribute the exchange's data to foreign and domestic investors via NextView's terminals and data…
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Fidessa bags LatentZero for £63 million
London-based sell-side vendor Fidessa, formerly known as royalblue, has pulled off something of a coup by acquiring one of the leading lights in the asset management technology space, front-office soft-ware vendor, LatentZero. The deal is reported to be…
Interactive Data Prepares MiFID Offerings
Interactive Data last week announced that it is developing a series of products to help clients comply with the European Commission's Markets in Financial Instruments Directive (MiFID).
Currency Hampers Reuters Revival
US vendors found first-quarter revenues boosted by currency fluctuations last week, while UK-based Reuters was frustrated by a near-eight percent negative impact from foreign exchange, which dragged reported revenues down by just over one percent—even…
Panel: Mifid Offerings Clog Market
LONDON—New market facilities and services that are popping up in the face of the E.U.'s Markets in Financial Instruments Directive (Mifid) are becoming giant question marks for the financial community, industry watchers say.
Eccleston to Reposition Pivot
Lou Eccleston, the new chief executive of US software vendor Pivot Solutions, has outlined plans to refocus the vendor as a broad provider of collaborative information solutions rather than just being known for its IMTrader messaging platform.