SCROLLING NEWS

- WatersTechnology Staff
- 12 Jun 2000

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Wilco
has extended the range of the data cleansing service it provides to a major Wall Street broker/dealer through its outsourcing service, the Securities Data Management Service, to other offices of the broker/dealer in Europe and Asia. The service additionally has been extended to include end-of-month pricing for stocks, bonds, warrants, convertible bonds and mutual funds. Wilco obtains these prices through vendors, but, as some prices are not always available, Wilco’s data management team will also calculate the price from the net asset values of the particular security using the operational procedures of the involved broker/dealers. These procedures require the team based in Hyderabad, India, to contact directly the traders active in the products to obtain the details relevant to pricing the security. When calculating prices, Wilco also updates the security data master file, having direct update access permission to the broker/dealers’ product masters. Erland Linklater, business development manager for Securities Data Management, says, "The permission granted by the client to enable our team to directly update their master data files shows the high level of faith and trust in our service and staff."Reuters
will postpone the public offering of the Greenhouse Fund to autumn. The company had planned to make 25 percent of Greenhouse public by the end of the second quarter. However, Morgan Stanley Dean Witter, which is advising Reuters on the IPO, suggested it should refrain from going public in the face of market volatility. Evidence of this is present in the fact that Reuters has not appointed a syndicate to handle the offering, nor has it engaged in pre-marketing in preparation for a public launch. Greenhouse, which has investments in 13 public and 41 private companies, according to Reuters, has been valued between £300 million and £1 billion by analysts, as the value of its listed investments has risen and fallen.

The New York Mercantile Exchange has installed Saladin’s Paws, a tool for analysis of historical data from the energy sector, in its New York City headquarters’ public information and statistics division. The statistics division provides research services, including analysis of historical prices and spreads, to the exchange’s 816 members as well as customers and internal departments with global access to energy market reports and analysis on prices relationships. Paws takes in many types of historical data from multiple sources, including Platt’s and Saladin Information Service, which integrates data from OPIS, Petroleum Argus, the API, Gas Daily, Megawatt Daily and Jacobs. Saladin is the energy division of Fame Information Services.

The Primark Extel Survey, which measures and ranks the performance of European investment analysts, will be accessible online at www.primarkextelsurvey.com and through devices using the wireless application protocol. The survey canvasses fund managers to obtain their nominations for the best broker analysts and ask them how effective they believe analysts have been on a one-on-one basis. Software from mobile Internet company Avantgo will allow users of WAP-enabled phones and handheld devices to gain access to the results. The results, which will be available June 14, can be ordered in full from the website and will offer rankings categorized by country and region.

In other Primark news, the company has released Piranhaweb, an analytic tool that lets users scan and retrieve financial information culled from its subsidiary databases (A-T Financial, Disclosure, I/B/E/S, Worldscope) and from other vendors such as Compustat and IDC. Company financials, earnings estimates, real-time market data and stock quotes are included in the material available for filtering and screening by Piranhaweb users. The product also has a link to Global Access, Primark’s online research tool that connects customers to over 5 million documents on US and international companies.

In addition, A-T Financial has enhanced Primark Speedfeed to incorporate after-hours trading in the product. Data from Island ECN, Redibook, Archipelago and MarketXT have been included in quote or streaming format for equities, fixed income, futures, options and third-party services.

Thestreamer.com
and CSK Software have developed a free financial information portal that provides streaming real-time prices for global financial markets. The site, www.thestreamer.com, provides access to equities, FX, precious metals and derivatives instruments and displays the Island ECN’s prices in real time. Advanced push technology from CSK Software continuously updates prices without user intervention. No user registration or login is required. Thestreamer.com is based on CSK Software’s Slingshot; the software firm also lent its expertise in online delivery technologies to the construction of the website. The Wall Street Journal
has relaunched its job market site under the name careerjournal.com. The site, which was previously careers.wsj.com, advertises executive positions. Job seekers can search the database by job description, job title, industry, function, company, city, state and country, and matches can be ranked by relevancy or date. CNBC will feature a new careerjournal.com job on the air each business day. Links to careerjournal.com’s articles and Jobseek database appear exclusively on the front page of CNBC.com’s new Career Center. In conjunction with the site launch, The Wall Street Journal has renamed its Tuesday career section Career Journal (formerly Your Career Matters) and has also added links to careerjournal.com from career-related content. Soliton Associates’
Timesquare Market Data Server, a configuration of Timesquare launched recently by the company, is currently in use at hedge fund manager Soros Fund Management. Timesquare is a market data server for middle and back offices that acquires and hosts a variety of end-of-day data from multiple market data vendors, and delivers it automatically or on request to end-user applications. Timesquare Market Data Server interfaces with Soros’ Sybase trading system, collects the holdings list and quickly retrieves prices from the Reuters and Bloomberg real-time systems. Sungard Energy Systems
and Moneyline have partnered to create Sungard Market Monitor, a real-time Internet-based energy market data service. Sungard Market Monitor can stand alone or be fully integrated into Sungard’s Epsilon Energy suite. The product allows customers to view third-party market data, including that of Nymex, Simex and Dow Jones, side by side with proprietary data. The product consists of a basic market data feed with added functionality for customers wishing to publish their proprietary data or to subscribe to third-party data, all of which is in an integrated desktop viewer. Moneyline will provide the technical infrastructure for the product including hosting services, and Sungard Energy Systems will customize the content for customers.

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