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Thomas Kielty, senior vice president of global technology at CIBC/Wood Gundy, says he wants to find a cheaper and more efficient way of distributing market data to end-users, because costs can be "enormous" (Trading Systems Technology, April 17). He says he is considering centralizing market data feeds at the bank's headquarters in Toronto and broadcasting the data from there to CIBC/Wood Gundy's trading centers around the world. Kielty expects vendor resistance on this account. His plans come

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Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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