News
vwd Preps for Listed Status
As Inside Market Data went to press Friday, German market data vendor vwd group announced plans to go public and raise further capital in the second half of 2007 by completing a long-awaited downstream merger process with börsen-informations-systeme (b.i…
Telekurs to Merge with SWX, SIS
The SWX Swiss Exchange is expected to combine elements of its data infrastructure with those of data vendor and payment services provider Telekurs Group under plans for a three-way merger announced by the exchange last week that also incorporates…
Xinhua Growth Prompts Shared Group
Xinhua Finance last week announced the creation of a shared services group designed to meet the strategic development needs of the Shanghai-based vendor and its Xinhua Finance Media (XFM) subsidiary, which distributes Xinhua's content via various…
Reuters Board, Analysts OK Thomson Deal
Analysts last week reacted positively to Thomson Corp.'s proposed takeover of Reuters, saying that the deal should enable the combined vendor to offer more competitive products and pricing structures to compete against market leader Bloomberg.
Townsend, Zacks Combine Wares
Trading software and data vendor Townsend Analytics is integrating its RealTick front end with the research content and analytical capabilities of Zacks Investment Research in a bid to create a more comprehensive product to compete with services from…
Conquering Latency
As firms continue to wrest every millisecond of latency out of their trading systems, DWT editor Rob Daly sat down with research firm Securities Technology Analysis Center (STAC) director Peter Lankford to discuss the industry's approach to latency…
JPMorgan Rolls Out FinIQ
SINGAPORE—JPMorgan is in the midst of rolling out a structured deposit pricing and processing system from options-linked structured deposits solution vendor FinIQ for the bank's foreign exchange (FX) business, say bank officials.
Intel Opens Low-Latency Lab
LONDON—Intel has opened a low-latency laboratory that will help financial institutions fine tune their trading systems, vendor officials tell DWT .
Chi-X Plans for European Cross-Market Routing
LONDON—Chi-X, Instinet's Mifid-prompted multilateral trading facility (MTF), is planning to introduce U.S.-style onward routing to other exchanges and trading venues, officials tell sibling publication Inside Market Data .
Caplin Debuts Web-Based Trading Platform
LONDON—Market data management and real-time Web connectivity provider Caplin Systems released its Web-based trading application for foreign exchange (FX) and fixed income, dubbed Caplin Trader, today, vendor officials tell DWT .
FPL: FIX 5.0 Gains in FX Support
BOSTON—Although version 5.0 of the FIX protocol fully supports outright forwards and swaps for foreign-exchange (FX) trades, support for allocations and confirmation for over-the-counter (OTC) spot options remains minimal, according to findings in a…
NYSE, Nasdaq Prep New Crossing Sessions
NEW YORK—As part of a complete technology revamp, NYSE Euronext plans to launch a point-in-time crossing solution, dubbed MatchPoint, in July, pending approval by the U.S. Securities and Exchange Commission (SEC), DWT has learned.
RSJ Preps Chicago Feeds via BT Radianz
RSJ Invest, a Czech brokerage firm specializing in automated derivatives trading, is to expand its use of BT Radianz's Proximity Solution to provide low-latency access to direct datafeeds from the Chicago Mercantile Exchange and the Chicago Board of…
Vendors Await 'Yes' Decision
Project Yes, an initiative devised by a consortium of continental European banks to rival trade reporting utility Project Boat, is expected to begin selecting vendor partners to provide data and technology support for its planned services by the end of…
Users Wary of Thomson-Reuters Deal
Market data professionals last week expressed caution over the proposed takeover of Reuters by Thomson Corp., but cited low product overlap and the combined entity's ability to take on rival Bloomberg as positive aspects of the deal.
Glitch Halts Euronext Data
A half-hour trading halt on Euronext's cash markets last Monday resulted in an interruption to market data dissemination to members after a technical glitch on its NSC trading platform slowed down the order-matching process.
HKEx Builds on Data Revenue Rise
Data revenues from Hong Kong Exchanges and Clearing (HKEx) rose nearly 50 percent in Q1, according to HKEx's financial statement, released last week.
Panel: EP to Marry More Analytics
Sophisticated analytics are likely to become ever-more tightly integrated with event processing engines as firms begin using them for more complex strategies in less liquid asset classes, according to a panel organized by Aite Group last week.
Markit Expands Structured Finance Data
UK-based pricing provider Markit is readying an expansion of its structured finance data portfolio with the launch of new services and additions to existing datasets, officials say.