News
S&P Boss Eccleston Resurfaces as TMX CEO
Canadian exchange group TMX has appointed former S&P and Bloomberg exec Lou Eccleston as chief executive, effective Nov. 3, replacing Thomas Kloet, who announced his retirement earlier this year.
Estimize Taps Former S&P Research Director for PR, Research
New York-based crowd-sourced earnings estimates provider Estimize has appointed Christine Short──former director of earnings research at S&P Capital IQ──vice president of media and public relations, with additional responsibility for content generation,…
CME, CFFEX Sign Data Distribution Deal
CME Group has signed an agreement to license and distribute market data from the Shanghai-based China Financial Futures Exchange (CFFEX), as part of the Chinese exchange's global development activities to grow its business in international markets.
Nasdaq Index Head Jacobs Announces Retirement
John Jacobs, executive vice president of global information services at Nasdaq OMX and head of the exchange's index business, has announced he will retire from his current role effective Jan. 2, 2015.
Study Shows Asian Firms Are Not Ready for Move to T+2 For European Securities
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
Vista Equity Partners acquires Tibco for $24 per share
Tibco Software, an infrastructure and business intelligence software company, announced its board of directors has agreed to be acquired by Vista Equity Partners, a private equity firm, for $4.3 billion.
SunGard Unveils Solutions to Manage Corporate Actions Risk
SunGard announced the launch of XSPosure, a cloud-based risk dashboard designed to reduce corporate actions risk exposure.
McObject Taps C3S as Southeast Asia Distributor
Issaquah, Wash.-based in-memory database provider McObject has signed a deal for Singapore-based financial technology provider C3S to act as a local distributor for McObject's eXtremeDB Financial Edition database system and related product family in…
Vista Equity Partners to Buy Tibco for $4.3Bn
Austin, Texas-based private equity firm Vista Equity Partners has struck a deal to acquire data technology provider Tibco Software for $4.3 billion ($24 per share) in cash, following "a review of strategic and financial alternatives" by a special…
Fitch Hires Ex-Thomson Reuters' Mattinson to Grow Biz
Fitch Solutions, the data vendor arm of ratings agency Fitch, has hired Ian Mattinson as head of product delivery and execution, responsible for accelerating the growth of the vendor's business and delivering new products to market.
SmartStream Updates Exception Management Tool
SmartStream Technologies has released a new version of its TLM Exception Management solution to provide firms with a consolidated view of their resolution process via a single platform.
Zing Adds Java SE 8 Support
Java specialists Azul Systems have announced that Zing now supports Java 8.0.
CME Clearing Europe Selects globeSettle
The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.
Datactics Adds CTO, Board Member
Dale Richards, a financial industry operations consultant, has joined the data services provider in its new push into the industry
SunGard XSP Launches Dashboard, BPaaS Services
The corporate actions services provider debuts its XSPosure dashboard and a business process as a service form of its data utility
Updata Integrates Eikon, Datastream Data
UK-based technical analysis software provider Updata has integrated data from Thomson Reuters’ real-time Eikon terminal and Datastream economic research tool into its Professional analytics workstation, to enable customers to carry out advanced analytics…
Morningstar Begins Historical Tick Database Revamp
The real-time data business of Chicago-based data and investment research provider Morningstar is in the middle of a project to make its database of historical tick data more flexible and accessible to different types of users and use cases.
Bill Gross Departs Pimco, Joins Janus
The chief investment officer and co-founder of the Allianz-owned bond giant left today in a surprise move, and will join Denver-based asset manager Janus Capital.
Millistream Database Application Upgrade Targets Performance Gains
Swedish market data vendor Millistream has released an upgraded version of its Millistream Database Application (MDA), to provide clients with quicker access to market data and to simplify future upgrades, officials say.
Northern Trust Sets Up Delegated Reporting with Sapient
Northern Trust is now able to offer delegated reporting to its buy-side clients, after implementing the Compliance Management Reporting Service (CMRS) platform from Sapient Global Markets.
Credit Benchmark to Begin Publishing Consensus Credit Ratings by Year-End
London-based Credit Benchmark, a startup provider of aggregated, bank-generated credit ratings, is preparing to publish its first set of live data towards the end of this year, which will be the first of its monthly──and ultimately more frequent──rating…
UTP to Decide SIP Processor in Oct., After Renewing Nasdaq as SIP Administrator
The UTP Operating Committee, the industry body that oversees the operation of the US consolidated feed of quote and trade data on Tape C Nasdaq-listed stocks, will appoint a new tape processor next month, after selecting Nasdaq OMX as administrator of…
Windy Apple Tech Says Low-Latency Transatlantic Wireless Net Possible in 18 Months
Jersey City, NJ-based Windy Apple Technologies, which operates a low-latency microwave network between New York and Chicago for high-frequency traders, is claiming that it can construct a similar wireless network over the Atlantic Ocean, drastically…
Northern Trust Appoints Deustche Bank, Euroclear Ahead of T2S Implementation
Northern Trust has selected Deutsche Bank and Euroclear to support its strategy ahead of the implementation of Target2-Securities, or T2S, the centralized securities settlement system aiming at harmonizing settlement infrastructure across Europe.