Inside Market Data/News
E-Trading Trends to Drive Outsourcing Shift
As firms deal with rising volumes of low-latency data, expect hosted services to become more prevalent in 2008. By Don Finucane, vice president of product management and OTC data services, Interactive Data Real-Time Services
'Smart' Bombs to Ignite Liquidity Explosion
As competition increases and European markets divide to serve different trader requirements, smart order-routing algorithms will not only become more widely used, but more sophisticated, and will need to capture and analyze data on not just prices, but…
Reuters Buys Gissing for Contributions Tech
Reuters has entered into an agreement to acquire UK-based market data contribution technology vendor Gissing Software, to update its own technology components for contributing data to Reuters' data infrastructure and network. The deal is expected to…
TSX Shelves Controversial Data Fees
The Toronto Stock Exchange has put on ice plans to charge data clients according to the number of servers running analytical programs that consume TSX data, after a frosty response to the proposed fees from end-user firms.
Ipreo Sells Hemscott Arm to Morningstar
Ipreo has sold its Hemscott fundamental data and investor relations Web development businesses to Morningstar, a research and data vendor focused on equities, mutual funds and other investment products for $51.6 million in cash.
Nasdaq Readies Options Depth Feed
Nasdaq plans to create a proprietary options market depth datafeed to carry the full depth of data from its forthcoming options market, and to provide increased transparency into the options market-though the exchange has not yet set a launch date for…
Code Red Preps Jan. Launches
Research management software vendor Code Red is targeting Jan. 1 to roll out both its IdeaNet online broker-client communication platform and version 3.2 of its Red Alerts research management system, which includes built-in integration between standalone…
Trade Alert Expands IM Alerts
New York-based Trade Alert, a provider of options trade data and analytics via instant messaging, is adding new features to its Options Alert product to expand the range of data and alert types that the system can provide.
LSE Targets April for Performance Channels
The London Stock Exchange aims to go live with a full production version of its low-latency Performance Channels datafeed in April 2008, following a period of testing with user firms that begins in January.
Bear Expands Derivatives Pricing
Bear Stearns is expanding the range of derivatives products for which its PricingDirect division provides valuations, and is also expanding the currencies in which the firm provides valuations, officials tell Inside Market Data .
TheMarkets Upgrades MeritMark
Research portal TheMarkets.com has enhanced its MeritMark research evaluation tool, to support more granular feedback from buy-side firms about the quality of sell-side research staff and services.
eSignal Revamps Quote.com
eSignal, a division of Interactive Data Corp., last week released version 2.0 of its Quote.com portal for professional and individual traders, which adds new charting and portfolio tracking functions.
Paladyne Integrates Markit
Hedge fund software vendor Paladyne Systems has integrated data from credit and derivatives data vendor Markit into its software for pricing, analytics and order management applications.
Wombat Fabric Puts Opra on Single Server
Wombat Financial Software's new Data Fabric middleware reduces the hardware required to process Opra's feed of US options quote and trade data to a single server, officials say.
Revere Maps China Company Data
San Francisco-based research provider Revere Data is in the final stages of extending its company and business classification scheme to include data on companies in China, officials tell Inside Market Data .
BvDEP Mints New Products, Partners
Belgian data provider Bureau van Dijk Electronic Publishing (BvDEP) last week launched a range of new regional variations of its MINT company information database, and announced a partnership with UK-based Perfect Information to make original source…
Kimsey Forecasts Flat UK Data Spend
Spending on market data in the UK is expected to stagnate in 2008, according to an annual survey of UK dealing room technology conducted by Kimsey Consulting.
LSE, Borsa Italiana Detail New Structure
The London Stock Exchange and Borsa Italiana outlined the combined management structure for its information services division and other business areas via an internal communication last week, following the merger of the two exchanges in October.
Opra Data Outage Prompts Tech Fixes
The Options Price Reporting Authority is rewriting software processes that contributed to a data outage last Monday, Dec. 3, following a "rare" hardware failure at The Securities Industry Automation Corp which processes Opra's feed of US options quote…
AgriCharts Targets Commodities Data
Chicago-based derivatives data and charting provider Barchart.com has set up a new business division to provide data products and Web site hosting for agricultural commodities and futures products, officials tell Inside Market Data .