Inside Market Data/News
Associations Challenge SEC's Arca Data Fee Approval
Industry groups have expressed opposition to a proposal last month by the Securities and Exchange Commission to approve the introduction of market data fees by NYSE Arca, rejecting the SEC's argument that the fees are reasonable because the exchange…
Thomson Reuters Cuts Jobs, Plans Hires
Thomson Reuters has achieved targeted job cuts to its London newswire operations via a voluntary redundancy scheme that was initiated last month, and is now looking to bolster its combined news operations, according to an internal memo obtained by Inside…
PI's Navigator Helps Analysts Map Financial Data
UK-based data vendor Perfect Information will this week unveil a new product, dubbed PI Navigator, to help corporate finance executives prepare company valuation reports more quickly by eliminating manually intensive processes, officials say.
CMA Adds Content to DataVision, Updates Models
UK-based credit and derivatives data specialist Credit Market Analysis (CMA) will this week release version 2.1 of its DataVision end-of-day data service, incorporating a range of new content and capabilities, officials tell Inside Market Data .
Thomson Reuters Unveils Product Plans
Thomson Reuters will standardize on two desktop platforms-Thomson One and a new Thomson Reuters platform-but will no longer pursue new sales for its Thomson datafeeds and Thomson Financial News, and will migrate existing clients to services from the…
HighStep Adds Connotate Data to Models
Mamaroneck, NY-based start-up hedge fund HighStep Capital is incorporating market trends-identified from fundamental data sourced from the Internet using a series of software "agents" from New Brunswick, NJ-based vendor Connotate-into the firm's…
Savvis Offers ISE Depth Feed
Network and hosting provider Savvis will provide connectivity to the International Securities Exchange's market depth datafeed at the end of July, in response to client demand for more low-latency access to options exchanges, officials say.
Think Trade Preps PrismTech Platform
Encinitas, CA-based proprietary trading firm Think Trade will later this year roll out the OpenSplice DDS (Data Distribution Service) platform from Burlington, MA-based middleware provider PrismTech, to manage data latency within the firm's automated…
Vendors Bolster Private Company Data
Two UK-based information vendors have recently released products and services to provide investment professionals with access to fundamental data and performance statistics on privately held companies.
FISD Certification Plans Gain Industry Support
Data industry professionals have backed plans by industry association FISD to introduce a certification program for market and reference data job functions and skills, though some respondents have raised questions about the proposed certification…
Opra Predicts Slower Traffic Growth
The Options Price Reporting Authority has revised its traffic projections for January 2009 downwards, reflecting the success of quote mitigation strategies implemented by the US options exchanges to counteract the anticipated data volume increases…
Holiday Volumes Slow LSE Level 2 Data
The London Stock Exchange experienced a slowdown in the distribution of its Level 2 market data as the last issue of Inside Market Data went to press, resulting in a 20-minute extension of the exchange's closing auction to ensure trading participants…
Energy Firm GasTerra Squeezes Data Spend
Dutch energy trading firm GasTerra has initiated a project to review its market data consumption and spend in order to help ensure compliance with usage policies, rationalize costs and better prepare for future contract negotiations.
NYSE Readies New Data Fee Structure
NYSE Euronext is planning to introduce a new billing scheme for market data, designed to make access to its data products more affordable for firms subscribing to the exchange's datafeed products, and clearly differentiate between end-user firms and…
Bloomberg Reorgs; Fenwick Gets New Gig
Bloomberg officials last week unveiled a new operating structure that divides the vendor into three business areas, and confirmed the creation of a new business, Bloomberg Ventures, to be headed by current Bloomberg CEO Lex Fenwick.
Proquote Adds Martin Data for Treasury App
The London Stock Exchange's data terminal vendor Proquote has launched a new product targeted at the UK treasury market, dubbed Proquote Treasury, which incorporates specialist content sourced via a recently formed relationship with UK-based Martin…
TheMarkets Expands Direct Broker Feeds
Investment bank consortium-owned research portal TheMarkets.com has begun an initiative to expand the number of independent research providers and brokers providing direct feeds of research data to its portal, as an alternative to third-party research…
GFI Data Revamp Drives 'Off-Desktop' Sales
Interdealer broker GFI has reorganized its market data business by introducing a new commercial model for accessing its content, and by implementing a formal product release schedule so that new datasets will now be incorporated at regular quarterly…