News
Hilgers Takes Over as Optiver Chief
Paul Hilgers has become the new CEO of proprietary trading firm Optiver, the company announced, taking over from outgoing head Johann Kaemingk.
Finra Eyes New Surveillance System
The US Financial Industry Regulatory Authority (Finra), a self-funded regulatory organization tasked with overseeing American brokers, is soliciting comment over a proposal for new method of collecting data on investment sales activities.
SFI Adds Killeen as FTE
Jocelyn Killeen has joined Simplified Financial Information-the startup usage monitoring and data capture and replay technology provider set up by industry veteran Emilio Mercado-full-time as lead business analyst, after working with the company on a…
Borsa Istanbul Signs Landmark Deal with Nasdaq OMX
Borsa Istanbul, the Turkish stock exchange, has signed an agreement with Nasdaq OMX to strengthen its position as financial hub in the Eurasia region.
Nasdaq Delays New Feeds Test
Nasdaq OMX has delayed the start of testing for enhanced versions of its US equity datafeeds covering its Nasdaq Stock Market, BX and PSX marketplaces until the end of January.
NFEA Taps Moscow Exchange FX Fixing for Swap Rates
Russia's National Foreign Exchange Association has announced that from Jan. 9, it will begin using the Moscow Exchange's US dollar-ruble price fixing to calculate the NFEA FX swap rate instead of the current Central Bank of Russia rate.
Market Data Industry's Top Quotes of 2013
Our gift to you: some of the most poignant and pithy comments from our pages in 2013
2013 Review: Herd in Review: Necessity Is the Mother of Invention
As we take today to celebrate and surround ourselves with friends and family, it's worth remembering the difference that the actions of other people make--in the data industry as well as in our everyday lives. So in IMD's final 2013 Year in Review…
NYSE Delays Order Imbalance Data Fees─Again
NYSE Technologies has delayed the introduction of new fees for order imbalance data from parent NYSE Euronext's New York Stock Exchange and NYSE MKT marketplaces for a second time.
Markit Connects to HKMA Trade Repository
MarkitSERV has connected to the Hong Kong Monetary Authority's (HKMA) trade repository, the data provider has announced.
2013 Review: EU Consolidated Tape Encounters Hurdles to Implemenation
Progress continued on the long uphill road toward the introduction of a pan-European consolidated tape, but suffered a setback this year after regulatory uncertainty over MiFID 2 led to the dismantling of industry-led group The COBA Project, which was…
2013 Review: Crowd-Sourced Content, Search Gain Traction
As traders and investors seek new ways to find alpha in increasingly commoditized datasets, the accuracy of data and how it is sourced—and the ease with which it can be searched—is becoming more important, prompting the creation of new services for…
OPRA Seeks New SIP Operator, Enlists Jordan & Jordan to Run RFP
The Options Price Reporting Authority has begun a tender process for a technology supplier to manage the SIP (securities information processor) that collects data from US options exchanges, calculates a best bid and offer, and distributes OPRA's…
2013 Review: Traders Weigh Importance of Fast Data vs Big Data
While still a focus for high-frequency traders with latency-sensitive strategies, the latency arms race appeared to have reached a stalemate in 2013, with low latency a necessity but ultra-low latency more of an expensive luxury, with some firms…
Esma Updates Derivatives Reporting Guidance
The European Securities and Markets Authority (Esma) has clarified its position on the reporting of derivatives, updating an online Q&A with the scope of requirements, as well as the counterparties that it expects to report transactions.
Citicom Partners Tango for Call Recording
Citicom Solutions has announced a partnership with Tango Networks, where the latter will provide a network-based voice recording facility for Citicom Assure.
Bloomberg Names Risk and Compliance Exec
Bloomberg is making good on its promise to beef up compliance and data security measures-following the revelation earlier this year that its journalists were able to access some client terminal usage data-by hiring Paul Wood as the vendor's first chief…
Kaplan Swaps Telx for Equinix
Shawn Kaplan recently joined datacenter and hosting provider Equinix as sales director for the vendor's major accounts team covering financial services, a newly-created role leading a sales team focused on building strategic relationships with Equinix's…
Moody's, Nasdaq Sign On For CRISP Contracts
The organizations will beta test the standardized appendix for data contracts developed by a group from the FISD industry association.
HSBC Selects Avaloq for Private Banking Business
HSBC has announced it will deploy Avaloq Banking Suite across its global private banking business.
TT Goes Live on NLX and Nasdaq OMX Nordic
Trading Technologies (TT) ends the year with another link to exchange gateways, as it announces connections to two Nasdaq derivatives hubs: London-based NLX, and Nasdaq OMX Nordic.
CSD Regulation Gains Provisional Trilogue Agreement
The long-mooted EU regulation governing the operation of central securities depositories (CSDs), known in industry shorthand as CSD Reg, gained provisional agreement in trilogue yesterday.
2013 Review: For Exchanges in 2013, Life’s a Glitch
US stock and options exchanges suffered such significant outages in 2013 that regulators step ped in to bring the markets to task over the failures, many of which were linked to problems with the exchanges’ ability to disseminate market data.