News
VWD Names Chief Product, Sales Officer; Expands Board
German data vendor VWD has hired Udo Kersting as chief product officer and chief sales officer, and appointed him to the company's board of directors, in a move to boost innovation and product development.
Esma Consults on NDF Clearing
The European Securities and Markets Authority (Esma) has opened a consultation on the clearing of foreign-exchange (FX) non-deliverable forwards (NDFs).
NetDania Preps HTML5 Charts, Mobile Trading App
NetDania, a Danish provider of foreign exchange data display and analytics workstations, is rolling out a new HTML5 charting solution and an upgraded version of its NetDania mobile app in response to customer demand for more functionality, officials say.
Options Expands Into CME, Completes US Co-Lo Map
Infrastructure-as-a-service provider Options (formerly Options IT) said it has expanded into CME Group's co-location facility in Aura, Illinois, completing its coverage of all US exchange co-location facilities.
IEX Taps First Derivatives for Market Surveillance
Alternative trading system IEX has selected the Delta software platform from First Derivatives for its trade surveillance and analytics capabilities.
COOs, CDOs Must Collaborate On Compliance-Driven Changes, Survey Finds
Collaboration at the C-level figures prominently in data and risk management improvement, according to many respondents in a survey co-sponsored by Broadridge Financial Solutions
SGX Unveils Derivatives Index Business to Boost Interest in Traded Contracts
The Singapore Exchange is rolling out the first phase of a new index calculation engine, initially to create indexes of SGX-listed derivatives, which officials say will add value to SGX's Asia-centered offering by expanding its index business while…
Gurle: Goldman Consortium's $66M Symphony Will Make Harmony with Markit Messaging
Symphony, the secure messaging platform being created by the $66 million acquisition of Palo Alto-based software vendor Perzo by 14 major financial firms, will complement──rather than compete with──data vendor Markit's Collaboration Services suite of…
Abacus Adds Transparency into its Cloud
Buy-side focused Abacus Group has launched Abacus Client Portal, which is designed to give clients greater control of and transparency into their AbacusFLEX cloud services.
Stock Order Worth $617 Billion Cancelled in Japan's OTC Market
Shares in 42 companies adding up to $617 billion were canceled in Japan's over-the-counter market thanks to a trading error, according to a report from Bloomberg.
Esma Releases Final Draft Standards for IRS Clearing
The European Securities and Markets Authority (Esma) has released its final draft regulatory technical standards (RTS) for the central clearing of interest-rate swaps (IRS).
Goldman-Led Consortium Unveils Symphony Communication Services
In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
BATS Delays New Feed Launch After SEC Extends Review Period
BATS Global Markets has delayed the launch of its BATS One consolidated feed of data from the four equities markets operated by its BATS and Direct Edge exchange, after the Securities and Exchange Commission extended its 45-day period by a further 45…
Finra Proposes Rule to Protect Investors, Analyze Brokerages
The Financial Industry Regulatory Authority (Finra) has begun soliciting comments for a proposed rule that would require brokerages to periodically report information on their securities accounts and the securities accounts for which they clear.
Rimes to Include Thomson Reuters' Indices in Rimes BDS
Rimes will add several equity and fixed income indices from Thomson Reuters on its Rimes Benchmark Data Service (Rimes BDS) in order to expand its database and meet the growing demands from the buy side for more data.
Bent Takes Over SS&C GlobeOp's Fund Administration Operations in Asia
SS&C Technologies Holdings announced Stewart Bent will lead SS&C GlobeOp's fund administration business in Asia as its managing director in the region.
Xignite Debuts New Software Development Kits
Market data provider Xignite is rolling out new Software Development Kits (SDKs), which will debut at the FinDEVr conference in San Francisco over the next two days and be available for Java and .NET on GitHub.
Rimes Adds Thomson Reuters Indexes to BDS
Economic and benchmark data provider Rimes Technologies has added support for Thomson Reuters' equity and fixed income indexes to its Rimes Benchmark Data Service to meet demand for diverse index data from buy-side clients.
Xignite Builds Managed Java, .Net APIs
San Mateo, Calif.-based on-demand data provider Xignite has released new software development kits for Java and .Net that will enable clients, prospects and financial technology developers to build applications that leverage Xignite's market and…
Boat Adopts MMT Standards for OTC Trade Reporting
Boat Trade Reporting, which Swedish technology supplier Cinnober Financial Technology acquired earlier this year from Markit, has implemented the full Market Model Typology (MMT) standards for OTC cash equity trade reporting, in an effort to boost data…
DTCC and Euroclear to Create Collateral-Processing Joint Venture
The Depository Trust and Clearing Corp. (DTCC) and Euroclear have established a joint venture that will offer market participants access to the Margin Transit Utility (MTU) and Collateral Management Utility (CMU) services, in line with new collateral…
S&P Cap IQ, Kuberre Launch Event Fusion Real-Time Alerting
S&P Capital IQ, the data arm of McGraw Hill Financial, and Andover, Mass.-based financial technology provider Kuberre Systems will launch a new cloud-based platform, dubbed Event Fusion, today, Sept. 30, which provides real-time alerts on news and…
Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…