Organization & strategy
Thomson Reuters to Speed Up Integration, Globalization in '09
Thomson Reuters will continue its focus on post-merger integration during 2009 by retiring legacy products and migrating customers to new products as well as consolidating datacenters, and will seek growth areas outside the US, officials said at the…
Thomson Sues Quodd over ‘Mimic' Display
Thomson Reuters is suing Jersey City-based data workstation provider Quodd Financial Information Services, alleging that Quodd used unauthorized access to its Thomson One product to create a copycat data display, and obtained confidential customer data…
StreamBase Builds PlusFeed Adapter
Complex event processing software vendor StreamBase Systems will next month release a preconfigured adapter for Interactive Data's PlusFeed consolidated datafeed, in response to growing client demand for the vendor's data.
Skyler Hires Ford for Product Expansion
Concord, Calif.-based liquidity discovery and tick database provider Skyler Technology is planning to expand its products into new business areas and asset classes this year, and has hired former Proquote chief operating officer Mark Ford to spearhead…
Aleri Boosts Sales and Support Staff
Chicago-based complex event processing technology vendor Aleri has hired new sales and support staff to increase sales and gear up for the upcoming launch of its Liquidity Risk Manager product.
VWD Buys EDG Stake for Ratings
Frankfurt-based data vendor VWD last week reached an agreement to acquire 51 percent of the European Derivatives Group, a Swiss-German vendor of structured products ratings, analytics and index data, with an option to buy out the remainder of the company…
ITRS, West Highland Prep Free Trials
Real-time systems monitoring software vendor ITRS and managed service support provider West Highland Support Services are giving prospective clients free trials of their software and services, in a bid to boost takeup of a joint service offering unveiled…
BT Shuffles Execs, Consolidates Sales
Telecom giant BT has made two senior appointments to reflect a more integrated salesforce across its BT Global Financial Services network and hosting business, and to replace BT GFS' former head of strategy and propositions, Kevin Covington.
SunGard Integrates GL Trade Data Assets
Financial IT giant SunGard is preparing to integrate the market data business of its Global Trading division-formerly GL Trade ( IMD , Aug. 4, 2008)-with SunGard's Fame data unit.
NewRiver Sues Morningstar Over Data 'Theft'
Chicago-based investment research provider Morningstar last week dismissed claims that it stole information from a rival vendor, which is suing Morningstar for allegedly obtaining its data without a license and for unfair competition.
Covington Hire Kick-Starts ITRS Recruitment Drive
UK-based real-time systems monitoring software vendor ITRS has hired former BT executive Kevin Covington as managing director of its European operations, and plans to increase headcount in 2009 to support business growth worldwide.
Thompson Back on Top at Tervela
Low-latency hardware messaging provider Tervela has parted ways with chief executive Robert Cramer, who held the position for just over a year.
First Derivatives Boosts Data Focus
Newry, Northern Ireland-based financial technology consultancy First Derivatives is stepping up its focus on developing its own software resources, by expanding its range of feed handlers and producing more real-time software applications.
RMA Streamlines European Ops; Expands in North America
Data contract and usage policy consultancy Rights Management Associates has restructured its operations to reduce its cost base in Europe, and has hired an executive to increase support in the Americas.
Direct Edge Preps ISX Data Integration
Jersey City, NJ-based ECN Direct Edge plans to revamp its trading and data distribution systems this year, following the purchase of the ISE Stock Exchange (ISX) from the International Securities Exchange.
Morningstar Buys Tenfore for Real-Time Play
Chicago-based investment research provider Morningstar plans to integrate its content with that of Tenfore Systems, after buying the UK-based data vendor for £13.5 million in cash last week.
Iress Expands Asia-Pacific Web Workstation
Iress Market Technology, a Melbourne-based provider of data, order management and wealth management software, plans to add several Asian markets onto WebIress, its online equity information and trading system, in a bid to expand its presence in the…
Trading Metrics Restructures in Survival Bid
New York-based latency monitoring software vendor Trading Metrics is cutting back operations and restructuring, after failing to raise more funding or reach agreement on a sale to safeguard the business, which hit trouble when the economic crisis forced…
West Highland, ITRS Unveil Joint Support Offering
New York-based market data support and remote system management services provider West Highland Support Services has partnered with ITRS, a London-based systems monitoring software vendor, to create a joint consolidated offering that integrates ITRS'…