News
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.
BayernLB Joins Eurex OTC Clear
Bayerische Landesbank (BayernLB), one of Germany's largest regional banks, has joined the EurexOTC Clear service as a clearing member for interest-rate swaps.
Thomson Reuters Launches New Autex Tool, Moves Another
Thomson Reuters has added two enhancements to its Autex FIX order routing.
Bitcoin Tanks as RMB Spigot Dries Up
BTC China, the country's largest exchange for the virtual currency, was forced to stop trading after a recent dictate handed down from the Chinese central bank and other regulators banned local financial institutions from dealing in it.
SeekingAlpha Lists OTC Markets Data, Links
Financial news, analysis and transcript website Seeking Alpha has added marketplace designations for the OTCQX, OTCQB and OTC Pink markets operated by OTC Markets Group to company information on its website, to denote the listing market of each security…
MainstreamBPO Expands DST HiPortfolio Usage
Sydney-based fund administration provider has expanded its use of DST Global Solutions' HiPortfolio product, to support large-scale growth.
Industry Group Publishes Private Equity Data Standard
AltExchange's Group One data standard includes data on capital accounts, schedules of investments and cashflow activity, and is intended to replace the guidelines the private equity industry currently relies on when exchanging data
Liquid Introduces Performance Simulator for Emerging Managers
Liquid Holdings, an OEMS and risk reporting paltform provider, says the new scheme will allow nascent hedge funds to beta-test their strategies.
2013 Review: Data Licenses Cause Friction Between Exchanges, Users
As exchange revenues from traditional activities such as trading continue to stagnate, more trading venues continued to increase market data fees and to change licensing policies to charge fees for datasets they previously made available at lower rates…
Compliance Edges Indata for Quantum Capital
Quantum Capital, a San Francisco, Calif.-based investment manager, has gone live with Indata's Intelligent Portfolio Management (iPM) software.
Numerix Names Carley as EMEA MD
Analytics provider Numerix has announced the appointment of Tim Carley, who will become the firm's managing director of the EMEA sales territory.