News
Bear Expands Derivatives Pricing
Bear Stearns is expanding the range of derivatives products for which its PricingDirect division provides valuations, and is also expanding the currencies in which the firm provides valuations, officials tell Inside Market Data .
TheMarkets Upgrades MeritMark
Research portal TheMarkets.com has enhanced its MeritMark research evaluation tool, to support more granular feedback from buy-side firms about the quality of sell-side research staff and services.
eSignal Revamps Quote.com
eSignal, a division of Interactive Data Corp., last week released version 2.0 of its Quote.com portal for professional and individual traders, which adds new charting and portfolio tracking functions.
Paladyne Integrates Markit
Hedge fund software vendor Paladyne Systems has integrated data from credit and derivatives data vendor Markit into its software for pricing, analytics and order management applications.
Wombat Fabric Puts Opra on Single Server
Wombat Financial Software's new Data Fabric middleware reduces the hardware required to process Opra's feed of US options quote and trade data to a single server, officials say.
Revere Maps China Company Data
San Francisco-based research provider Revere Data is in the final stages of extending its company and business classification scheme to include data on companies in China, officials tell Inside Market Data .
BvDEP Mints New Products, Partners
Belgian data provider Bureau van Dijk Electronic Publishing (BvDEP) last week launched a range of new regional variations of its MINT company information database, and announced a partnership with UK-based Perfect Information to make original source…
Kimsey Forecasts Flat UK Data Spend
Spending on market data in the UK is expected to stagnate in 2008, according to an annual survey of UK dealing room technology conducted by Kimsey Consulting.
Dresdner Kleinwort Integrates Trade Ideas
LONDON-Users of Dresdner Kleinwort's research and analytic portal can now receive trade ideas for firm officials since the bank integrated its centralized trade idea distribution platform from vendor youDevise with its proprietary Web-based research…
Markit Makes Confirmation Buy with SwapsWire
LONDON-U.K.-based over-the-counter (OTC) derivatives processor Markit last week announced a deal to acquire SwapsWire, a post-trade services provider for the OTC derivatives market. The deal, for an undisclosed sum, is expected to generate synergies with…
Q-Wixx to Offer Multi-Dealer Support
NEW YORK-Clients trading on credit derivatives platform Q-Wixx will have the option to give up their orders to multiple prime brokers in the first quarter of 2008, officials tell DWT .
Virt-x, Nyfix to Launch Swiss Dark Pool
NEW YORK & LONDON-SWX Swiss Exchange's London-based securities exchange Virt-x and crossing network provider Nyfix will deliver a non-displayed, block-trading service for Swiss blue-chip equities in mid-2008, say officials from both organizations.
CLS Goes Live with NDF Settlement Platform
LONDON-ABN Amro, Credit Suisse, Fortis, HSBC and The Royal Bank of Scotland became the first settlement banks to go live with non-deliverable forwards (NDF) settlement via CLS' new settlement platform last week.
Outsourced Grids Coming
LONDON-As compute processing becomes a commodity, investment banks are facing the economic pressure to outsource or incorporate third-party compute power within their compute grids. However, many firms are still tackling the security and data privacy…
UBS to Expand European Smart Routing
LONDON-Global broker-dealer UBS Investment Bank plans to expand its recently debuted smart order routing in Europe to other asset classes, including exchange-traded derivatives (ETDs), officials tell DWT .
Credit Suisse Adds Exotic FX Options Trading
LONDON-Credit Suisse has enabled trading in structured exotic foreign exchange (FX) options on its proprietary electronic trading platform, Merlin, with select institutional clients globally, dealer officials announced recently.
Virtualization Set to Grow
LONDON-Investment banks facing the challenges of maintaining physical servers in crowded datacenters have stopped experimenting with server virtualization and have made it a key component of their grid computing strategy, say industry insiders.
LSE, Borsa Italiana Detail New Structure
LONDON-The London Stock Exchange (LSE) and Borsa Italiana have outlined their combined organizational structure in an internal document distributed to staff last week following the completion of their merger in October ( DWT , Oct. 8), a copy of which…
LSE, Borsa Italiana Detail New Structure
The London Stock Exchange and Borsa Italiana outlined the combined management structure for its information services division and other business areas via an internal communication last week, following the merger of the two exchanges in October.