News
SLA Dearth Holds Back SOAs
NEW YORK-The lack of service level agreements (SLAs) is keeping financial services firms from realizing the full potential of service-oriented architecture (SOA), say industry insiders.
Icap Opens EBS to ISVs
LONDON-Interdealer broker Icap is expanding access to electronic spot foreign exchange (FX) broking platform EBS by allowing selected independent third-party software vendors (ISVs) to write directly to its platform.
SunGard Preps First Infinity Client
NEW YORK-Financial services platform provider SunGard is on the cusp of signing its first deal with a large unnamed investment bank for its Infinity Process Platform, vendor officials tell DWT .
Bombay Stock Exchange Upgrades Platform
Mumbai-The operators of the Bombay Stock Exchange (BSE) are in the midst of deploying the Click XT trading and clearing platform from Nordic exchange operator and technology provider OMX, according to vendor officials.
Cross-Asset Platforms Not a Done Deal
LONDON-Although true cross-asset trading from a single platform is an industry desire, widespread adoption is still a long way off, agree buy- and sell-side experts.
Thomson Preps Tagged Algo News
Thomson Financial is preparing to launch a tagged, machine-readable news feed and a tagged archive of news that trading firms can use to power algorithmic trading systems that use news stories and events to generate trades, officials say.
VWD Buys Benelux Data Vendor
As Inside Market Data went to press last Friday, Frankfurt-based data vendor VWD Group announced the acquisition of Dutch market data vendor Tijd Nederland and its Tijd Beursmedia (TBM) subsidiary from Belgian media group Mediafin for €7 million in cash.
After RFP, Opra Renews SIAC Support
The Options Price Reporting Authority has renewed its contract for technical services with the SIAC division of NYSE TransactTools, following a competitive tender with other potential service providers, Inside Market Data has learned.
Ionic Info Upgrades Alpha Terminal
UK-based data vendor Ionic Information has enhanced a number of features and added new content to the latest version of its Alpha terminal product, which was released last month.
ISE Rethinks Rebate Rates
The International Securities Exchange has introduced inverted pricing for members, which eliminates market data rebates based on quoting activity on the ISE Stock Exchange, while increasing the rebate for executions that add liquidity, in a move designed…
RDF Direct adds Asian Exchanges
Reuters has expanded its low-latency Reuters Data Feed Direct service with data from several Asian exchanges, most recently the Tokyo Stock Exchange, officials tell Inside Market Data .
Benelux Banks Form InfoMatch User Group
Three Brussels-based banks-KBC Group, Fortis and ING Southwest Europe-have formed a user group to share ideas on how best to utilize their InfoMatch market data inventory management software from Dutch vendor Screen Consultants.
Fuller Enlists Fixnetix Data for New Smart Routing Service
Former Equiduct chief executive Bob Fuller is setting up a new company to provide hosted smart order-routing services for firms that collect low-latency market data from multiple trading venues.
Reuters Sweeps Post-Merger Management Roles
NEW YORK-Officials at Thomson Financial and Reuters have named the second tier of executives that will take up management positions within the recently re-branded Thomson Reuters Markets business following the merger of Thomson and Reuters, with Reuters…
ISE to Phase Out OMX
NEW YORK-The International Securities Exchange (ISE) plans to move from its current OMX Click platform to an options trading system to be developed internally, in conjunction with Eurex, exchange officials say.
OMX Plans 2009 Genium Debut
STOCKHOLM-OMX, technology provider and the operator of the Nordic Exchange, expects to deploy its next-generation trading platform, Genium, during the second quarter of 2009, OMX officials tell DWT .
Saxo Plans Easy Integration
COPENHAGEN-Danish foreign exchange (FX) firm Saxo Bank expects a relatively simple integration with Switzerland-based Synthesis Bank, which Saxo recently acquired.
Munder Reviews Data, Rolls Out Thomson
Birmingham, MI-based asset manager Munder Capital Management is in the final stages of migrating analysts and portfolio managers off products from FactSet Research Systems to replacements from Thomson Financial, as part of a broader project to cut data…
Arca Latencies Prompt Multicast Ramp-up
The NYSE-Arca division of the New York Stock Exchange last week rolled out an upgrade to the multicast version of its ArcaBook datafeed to encourage firms still using its legacy unicast feed to migrate to the new version.