News
Calypso Opens Dubai Office
Technology vendor Calypso has announced that it will open a new presence in Dubai, responding to enhanced client growth in the Emirati city-state.
Markit, Genpact Partner on KYC Service
The data and process service providers are developing a customer data service they say will improve the efficiency and quality of client data processing, and plan to launch the offering in the second quarter of 2014
Omgeo Completes Oasys-to-CTM Client Migration Amid Growth
Global vendor Omgeo has announced that it has completed the migration of clients from its legacy Oasys platform to Omgeo Central Trade Manager (CTM), as it also touted the addition of 220 investment and broker-dealer clients in 2013 to date.
Pico, SpryWare Ally on Latency Offerings
Chicago-based ticker plant and feed handler provider SpryWare has struck a deal with New York-based agency broker and infrastructure provider Pico Trading to offer Pico’s clients access to the vendor’s feed handlers, and in return gain access to Pico’s…
OliveTree Taps Markit for SecLending Data
London-based analytics provider OliveTree Financial Group has integrated securities lending data from data provider Markit into its OTAS (OliveTree Trading Analysis System) analytics platform, which captures data on different asset classes and factors to…
Morningstar Expands Commodities Pricing, News; Adds Commentary, Context to Quant Ratings
Chicago-based data and investment research provider Morningstar has added new content to the products of its Morningstar Commodity Data business—the former Logical Information Machines, prior to its 2009 purchase by Morningstar—which aggregates market…
NYSE Tech and Koscom to Cross-Connect Trading
NYSE Technologies, the commercial technology division of NYSE Euronext, have signed a Global Trading Hub Connectivity Agreement with Koscom, the technology firm created by the Korean Ministry of Finance and Korea Exchange, as a follow-up to their 2012…
SEC Calls for Kill Switches Post-Nasdaq Outage
US Securities and Exchange Commission (SEC) chair Mary Jo White met with top industry executives today following the technology glitch on August 22 that saw the trading of Nasdaq-listed securities halted for three hours.
Tradeweb Takes Control of BondDesk
Tradeweb Markets has agreed to acquire bond trading platform provider BondDesk to extend its business interests into the fixed-income industry.
Interactive Data Names Daffron New CEO
Interactive Data has appointed Stephen C. Daffron president and chief executive effective Sept. 20, replacing Mason Slaine, who has held the position for three years.
Aquis Exchange Connects to Savvis
Savvis, a Missouri-based cloud infrastructure and hosting specialist, will expand connectivity to Aquis Exchange, the proposed pan-European equities trading exchange and software developer, via Savvis Markets Infrastructure. The connection will provide…
Former Morgan Stanley Exec Appointed Interactive Data CEO
Stephen Daffron will replace Mason Slaine as president and chief executive of the data vendor on September 20
DST Hires New Exec for North America
Boston-based DST Global Solutions has named Robert Leaper head of business development for North America, to expand its client base in the region.
BAML Debuts FX Prime Brokerage Platform
Bank of America Merrill Lynch (BAML) has announced that its new foreign exchange (FX) prime brokerage platform has launched on BAML Mercury.
Moody's Service Ties Together Economic, Regulatory Data
Version 3.4 of RiskFrontier from Moody's Analytics applies economic capital changes to regulatory capital changes for Basel III compliance
Panel: Latency Monitoring More Important than Low Latency
Whereas 10 years ago, low latency was the preserve of a select few firms whose sole focus was chasing zero, the commoditization and ubiquity of low-latency technologies has made raw speed more of a necessity to keep pace with the rest of the market, and…
IMD Chicago: Firms Outsource Infrastructure to Address Data Storage, Regulation
End-user firms are increasingly turning to outsourcing to deal with the storage challenges associated with big datasets caused by rising data volumes and the ongoing raft of new regulatory initiatives requiring more intensive data collection, according…
Selerity Eyes Hires as Event Trading Renaissance Drives Demand
Selerity, a New York-based provider of low-latency unstructured events data, is preparing to expand its sales and analyst team in response to growing demand for its Selerity Alerts product.
Apcon Releases Sub-10ns Timestamping Blade Switch
Portland, Oregon-based network monitoring switch technology provider Apcon has released a new aggregator blade, dubbed the Intellaflex Timestamping and Packet Slicing Blade, which will enable financial institutions to timestamp message packets with sub…
SimCorp Study Notes Legacy Systems' Stubbornness, R&D Disparities
The research note from Ingo Walter, an NYU Stern Professor, surveyed 500 buy sides - finding that around a quarter of the world's top investment managers are still operating on legacy systems, despite their inherent challenges.
IMD Chicago: Exchange Data Fees, Policies Hindering New Entrants
The high cost of exchange market data─combined with unscheduled fee increases and a proliferation of new fees for previously free-of-charge data─continues to burden consumers, and is preventing newer firms from entering the market, according to a panel…
Panel: Firms Must Master "Dark Art" of Data Analytics to Gain Competitive Advantage
The faster a trading firm can analyze datasets that are growing in both size and complexity to extract meaningful "data about the data," the greater competitive advantage they will have, said participants on a panel discussing how analytics can be…
Nino Options Takes TBricks
Nino Options has selected Tbricks for its market-making software, covering options on German and Dutch equities and indices.
SmartStream Debuts TLM SmartRecs
SmartStream has announced the release of TLM SmartRecs, a new system for the loading and delivery of documented reconciliation results.