News
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.
Opra Data Outage Prompts Tech Fixes
The Options Price Reporting Authority is rewriting software processes that contributed to a data outage last Monday, Dec. 3, following a "rare" hardware failure at The Securities Industry Automation Corp which processes Opra's feed of US options quote…
AgriCharts Targets Commodities Data
Chicago-based derivatives data and charting provider Barchart.com has set up a new business division to provide data products and Web site hosting for agricultural commodities and futures products, officials tell Inside Market Data .
Roberts Group to Bolster Reporting Engine
The Roberts Group is planning to introduce new functions for tracking and analyzing data usage next year, using technologies incorporated into its FITS (Financial Information Tracking System) data cost and inventory management system earlier this year.
George Weiss Installs Aleri CEP Engine
Hartford, Conn.-based multi-strategy investment manager George Weiss Associates is deploying complex event processing technology to perform calculations on real-time market data in the face of rising data volumes, officials tell Inside Market Data .
On Point Migrates Networks
NEW YORK-Users of agency brokerage On Point Executions' smart order routing platform and matching engine for equities options, Sting, will have their connections migrated onto an updated version of the platform over the next few weeks, say firm officials.
FTSE, Dow Prep ICB Adds
The Industry Classification Benchmark, the company and security classification system developed by FTSE and Dow Jones Indexes, is making changes to the sector levels by which it defines companies, to reflect demand for greater granularity on companies in…
Platform to Update Symphony
NEW YORK-The latest version of grid computing platform Symphony from Platform Computing will be available in pre-release form this week, DWT has learned.