Inside Market Data - Vol 24 No 13

Morningstar Buys Tenfore for Real-Time Play

Chicago-based investment research provider Morningstar plans to integrate its content with that of Tenfore Systems, after buying the UK-based data vendor for £13.5 million in cash last week.

Pricing Vendor CSV Creates Auction Portal

CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter assets.

Data Industry Increases Focus on China

Exchanges, index providers and data vendors continued to make inroads into China during 2008, as the mainland became a subject of increased focus for data providers.

Quod Eyes Trade Data for Buy-Side App

Trading software vendor Quod Financial is testing a new smart order routing system for buy-side firms that will integrate post-trade data from exchanges and other trading venues, including dark pools of liquidity.

Fragmented Europe Provides Window for Vendors

The past year saw the launch of a slew of new products, with many designed to help user firms navigate the increasingly fragmented European trading landscape resulting from the arrival of new MiFID-inspired multilateral trading facilities.

User Deployments Center on Cost Control

Budget restraints played a major role in the decision-making process behind deployment of products and services at user firms during 2008, with many looking to vendors to provide cost-saving solutions to replace in-house systems and processes.

Exchanges, Users Face Off Over Data Fees

Exchanges faced increasing push-back from their subscribers over market data fees in 2008 as new charges and price hikes met hostility from user firms battling to reduce their data budgets.

Economy Weighs Heavy on Data Spend in '08

This year's troubled economic climate has forced firms to delay investments in market data in some areas, and find ways to do more with the same resources, as many firms face uncertainty following the collapse of Bear Stearns and Lehman Brothers, and the…

SEC Mandates XBRL for Filings Data

The Securities and Exchange Commission last week ruled to mandate the use of eXtensible Business Reporting Language (XBRL) as an interactive data format for financial filings from all publicly traded US companies, to make it easier for financial analysts…

Credit Suisse Grows Asia TCA Data

Credit Suisse will begin providing its clients in Asia with more detailed post-trade execution analytics in January, officials tell Inside Market Data .

Ionic Completes KTS Migration

UK-based data vendor Ionic Information has completed the migration of former clients of Knowledge Technology Solutions' MarketTerminal product onto Ionic's Alpha terminal data display.

Merged Thomson Reuters Breaks Cover

One of last year's big talking points-the takeover of Reuters by Thomson Corp.-came to fruition this year, creating a combined data vendor larger than rival Bloomberg and with a diverse set of products and services beyond just financial markets, such as…

MiFID Changes Spur EU Consolidated Tape

One year after the introduction of the European Commission's long-anticipated and dreaded Markets in Financial Instruments Directive, the European equity markets have undergone a huge facelift.

Firms Struggle to Tame Capacity, Latency

Trading firms continued to pursue ever-lower latency in 2008, but continued to face challenges from spiralling data volumes, driven by options data and the arrival of new trading venues in Europe. With no clear solutions emerging to address the dual…

CEP Tries to Branch Out From Complex Roots

Complex event processing software vendors continued to win business from algorithmic trading operations that require analysis of high- frequency data streams during 2008, but also sought to make their products seem less complex to promote takeup across…

That Was The Year That Was

If you're reading this on the date of publication (only three shopping days left ‘til Christmas!), then you're either a big fan of Inside Market Data , or you're stuck at your job trying to balance your firm's budgets with its data needs for next year,…

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