News
Amex Rejects SIFMA Fee Objection
The American Stock Exchange has hit back at calls from the Securities Industry and Financial Markets Association (SIFMA) for the US Securities and Exchange Commission to delay approval for a proposed datafeed of Amex last sale prices.
FASB Rule May Outlaw Block Discount Valuations
Uncertainty over the future of applying "blockage discounts" when valuing thinly traded securities needs to be resolved urgently if firms are to meet the deadline for compliance with the Financial Accounting Standards Board's Statement (SFAS) 157,…
Wiener Börse Integrates Romanian Data
Austrian exchange Wiener Börse has added Romanian equity data from the Bucharest Stock Exchange (BSE) onto its recently launched Alliance Data Highway (ADH) feed, as part of a broader strategy to expand the range of data carried on Wiener Börse's feed…
Essex Radez Co-Lo Cuts NY Latency
Chicago-based market maker and data technology supplier Essex Radez is to open a co-location center in the facilities of NYSE TransactTools, the New York Stock Exchange's technology arm, to reduce data latency for the firm's clients in Chicago.
Interfax Launches News Archive Analytics
Russian information agency Interfax has launched a news analysis service, dubbed SCAN (System for Complex Analysis of News), that allows users to search through an archive of major Russian media outlets.
ITRS Revamps Monitoring Tools
ITRS, a London-based provider of software for monitoring the operations of real-time data and trading systems, has begun to roll out a series of upgrades to its Geneos product line designed to make the software easier to use and more scalable for large…
Knight Preps FX for EMS
JERSEY CITY, N.J.—Market-maker Knight Capital Group plans to integrate foreign exchange (FX) trading capabilities into the next release of its Knight Direct EMS platform, due out in September, say brokerage officials.
Mercari Taps IPC for Network
SYDNEY—Mercari, Australia's first specialist electronic interbank over-the-counter (OTC) interest rate derivative brokering company, announced last week that it has gone live on an IP data network from communications vendor IPC, which includes hosted…
CNCB Rolls Out BT to Trading Floor
BEIJING—China CITIC Bank Corp. (CNCB) officials announced last week that the bank has deployed BT's converged trading communications solutions for its main trading floor in Beijing.
Paper: Industry Expects Mifid Fines
LONDON—Approximately 95 percent of surveyed firms affected by the E.U.'s Markets in Financial Instruments Directive (Mifid) expect to pay fines for non-compliance in the first quarter of 2008, according to recently published white paper.
RSJ: Liffe Algo Will Down System
PRAGUE & LONDON—Czech specialist brokerage RSJ Invest, one of the largest traders of interest-rate futures on the Liffe futures exchange, claims to have found inconsistencies in the exchange's new trade matching algorithm, Time Pro Rata. The algorithm…
Markit Transforms Emails to Quote Feeds
UK-based data and pricing vendor Markit last week unveiled Markit Quotes, a real-time parsing service that extracts dealer quotes and prices from emails sent by broker-dealers to their clients and reformats the information into real-time data.
VWD Switches FX Providers to Tenfore
German data vendor VWD Group is to replace foreign exchange data provided via its Internet- and terminal-based data products with new data sourced from UK-based Tenfore Systems' Tenforex feed, officials say.
MTS Enlists Fixnetix for Low-Latency Data
European fixed-income market operator MTS is to begin providing trading firms with low-latency access to its market data via a partnership with UK-based vendor Fixnetix, officials tell Inside Market Data .
CME Scales for CBOT Data Switch
The Chicago Mercantile Exchange is anticipating a 50 percent increase in market data volumes over its data platform and distribution network as a result of its acquisition of the Chicago Board of Trade, which finally agreed to a takeover by the CME last…
Euro Vendor Mergers Grab Market Share
The race to snap up market share beneath the proposed combination of Thomson and Reuters via consolidation has begun, with two mergers between French and Swiss data vendors unveiled within the space of five days—Telekurs Financial's purchase of French…
BATS Slashes Bandwidth with FAST Feed
BATS Trading, the Kansas City, Mo.-based ECN-turned-exchange hopeful, has rolled out a version of its PITCH depth of book datafeed that utilizes the FAST (FIX Adapted for Streaming data) protocol to provide clients with a low-bandwidth feed option to…