Organization & strategy
VWD Appeals EC Thomson Reuters Approval
German data vendor VWD is appealing the European Commission's decision earlier this year to approve the merger of Thomson and Reuters, Inside Market Data has learned.
Interactive Data Bolsters Japan Biz with NDF Buy
Interactive Data plans to use its acquisition of a majority stake in Japanese data vendor NTT Data Financial Corp. (NDF) from NTT Data to expand sales of its real-time datafeeds into the Japanese market, in addition to the pricing, evaluation and…
Chi-X Snaps Up Cicada to Boost Platform Sales
Instinet's equity multilateral trading facility Chi-X last week announced a deal to buy data technology vendor Cicada, to create a business that will provide trade matching, data distribution and other technologies to exchanges and trading venues…
BST Preps Business Intelligence Unit
New York-based data consultancy BST America is setting up a business intelligence practice to provide oversight and management of broker-dealers' outsourced research operations, to increase the productivity and cost effectiveness of offshore centers.
Infront Buys Direkt For News, Estimates
Norwegian market data vendor Infront last week acquired Swedish financial news agency Direkt from the business information group Bisnode, to help ensure the continued independence of the newswire provider.
DJ Realigns EMG Services, Cuts Staff
Dow Jones' Enterprise Media Group, which comprises the vendor's Financial Information Services private equity newsletters, Content Technology Solutions (including newswires and Factiva), Indexes and Business Intelligence divisions, has laid off staff and…
Shanghai Wind Gathers Force Outside China
China-focused financial data vendor Shanghai Wind Information is continuing its international expansion with the opening of new offices in Tokyo, Singapore and Taiwan next year, and plans to double its overall staff numbers in 2009, officials say.
Icap Buys Into Prism Valuation
Interdealer broker Icap announced last week that it has taken an equity stake in Prism Valuation, an independent provider of valuations for complex assets and structured securities.
Thomson Reuters Frees Up One Integration
Thomson Reuters is to waive the fees it charges for integrating proprietary and third-party content and capabilities into its Thomson One suite, enabling clients to create customized advisor workstations from Thomson One Wealth Management at lower cost…
CMA Preps Asian Office for Local Support
CME Group subsidiary Credit Market Analysis plans to open up a regional office in Hong Kong by the end of this year to support growing interest in its credit data products in Asia.
BNP to Take Over Fortis Data Admin
The recently announced break-up of the Fortis banking and insurance group between the Dutch government and BNP Paribas will result in a major reshuffle of data administration functions and marks the end of Fortis' group-wide market data competency center…
Vendors Brace for Merrill-Lehman Fallout
Data vendors are implementing cost control procedures to mitigate the impact of the sales of Merrill Lynch and Lehman Brothers to Bank of America and Barclays, respectively, last week.
STAC Readies Data Benchmarking Tools
The Securities Technology Analysis Center is set to unveil a suite of tools for benchmarking market data technology installations that will utilize a set of procedures expected to be approved last week by end-user members of STAC's Benchmark Council.
Telvent Buys DTN for Agri Data Drive
Spanish energy technology service provider Telvent last week bought Omaha, Nebraska-based DTN-which provides data on the agricultural, refined fuels and weather markets-for $445 million in cash, to expand into the US agricultural and commodities data…
Solace Taps Former Tibco Staffers for New Offices
Hardware-based networking provider Solace Systems recently completed a hiring spree of former Tibco staff to fill a round of new offices in Atlanta, Palo Alto and Tokyo that the vendor announced last week.