Organization & strategy
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.
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.
Credit Suisse Lightens Data Load
Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution.
Vietnam Exchange Enlists NextView for International Data Distribution
Singapore-based data vendor NextView signed an MOU with Vietnamese stock exchange the Ho Chi Minh Securities Trading Center (HSTC), last Friday, May 4, to distribute the exchange's data to foreign and domestic investors via NextView's terminals and data…
Interactive Data Prepares MiFID Offerings
Interactive Data last week announced that it is developing a series of products to help clients comply with the European Commission's Markets in Financial Instruments Directive (MiFID).
Currency Hampers Reuters Revival
US vendors found first-quarter revenues boosted by currency fluctuations last week, while UK-based Reuters was frustrated by a near-eight percent negative impact from foreign exchange, which dragged reported revenues down by just over one percent—even…
Eccleston to Reposition Pivot
Lou Eccleston, the new chief executive of US software vendor Pivot Solutions, has outlined plans to refocus the vendor as a broad provider of collaborative information solutions rather than just being known for its IMTrader messaging platform.
Interfax, Finmarket Integrate Terminals
Moscow-based news and data agency Interfax Information Services Group is planning to consolidate data products and make its content available over the Internet via a deal to acquire 90 percent of Finmarket, a provider of Russian market data Web sites.
Interactive Buys Xcitek Data Arm
Interactive Data last week announced that it will buy the market data business of corporate actions data vendor Xcitek for $25.3 million and combine it with Interactive's Pricing and Reference Data division.
FISD to Weigh on Data Standards
US industry association the FISD has begun the process of setting up a standards steering committee to give FISD members a greater voice on the development of industry standard organizations and provide structured feedback to members.
Interactive Data Patents Valuation Process
Interactive Data Corp. has patented its process for creating fair value pricing for international securities to provide a price that is equivalent to the US market close.
Firms Seek Clarity on Boat Data Fees
European trade reporting utility Project Boat is approaching potential bank clients with "indicative" commercial terms to use its reporting service and to subscribe to feeds of trade data collected from its nine member banks, ahead of a planned November…
Susquehanna Buys Into 29West
Messaging software vendor 29West plans to use the proceeds of an equity investment from Susquehanna Growth Equity, the private equity arm of Susquehanna International Group, to expand its sales and technical offices in New York and London and grow its…