Inside Market Data/News
ICE to Double OTC Valuations Frequency
The Atlanta-based IntercontinentalExchange (ICE) is planning to provide more frequent valuations of long-dated over-the-counter forward swaps, options and exotic derivatives via its Market Price Validation (MPV) product for benchmarking and validation of…
Orc Plans Low-Latency Europe, Asia Market Data Connectivity
Swedish trading technology vendor Orc Software is planning to set up co-location facilities at exchanges in Europe and Asia, to provide low-latency market data to clients of the vendor's hosted Orc Liquidator algorithmic trading engine.
OMX Prepares OTC Reporting Utility
Nordic exchange group and technology provider OMX will next week begin testing a new trade reporting service to help firms take advantage of changes to over-the-counter trade reporting requirements under the Markets in Financial Instruments Directive,…
SEC OKs Nasdaq Portal Despite Data Concerns
US regulator the Securities and Exchange Commission last week approved the launch of Nasdaq's Portal Market Trading System for Rule-144a securities, despite concerns raised by industry association the Securities Industry and Financial Markets Association…
Perfect Info Adds Indexing Tool for Sub-Prime Exposure
UK-based data vendor Perfect Information has launched a new indexing category within its Perfect Debt archive of fixed-income prospectuses and pricing supplements to help users search for collateralized debt obligations (CDOs) and collateralized loan…
ICE Wins Nymex Data Suit
The New York Mercantile Exchange last week expressed disappointment at the Second Circuit Court of Appeals' dismissal of its long-running lawsuit against the IntercontinentalExchange over use of Nymex price data.
Tocom Raises Data Distribution Frequency
The Tokyo Commodity Exchange has increased the frequency of its market data distribution in response to market forces and client demand, reducing the interval at which it delivers snapshot prices via its member terminals from three seconds to one second.
NYSE Glitch Delays OpenBook
The New York Stock Exchange's OpenBook feed of real-time NYSE limit order book data experienced disruption and delays for more than an hour last Tuesday morning, July 31, as a result of an undisclosed software issue.
Fidessa Readies US Ticker Plant Upgrade
UK-based data and trading software vendor Fidessa is preparing to upgrade its US ticker plant to include enhanced data on US exchanges and new feeds from the Toronto Stock Exchange, officials tell Inside Market Data .
Dow Jones Talks Up News Corp. Buy
News Corp. chairman and chief executive Rupert Murdoch is expected to outline his company's plans for the businesses of Dow Jones at News Corp.'s financial results presentation this week, following the media empire's $5.6 billion acquisition of Dow Jones…
Opra Mandates FAST Migration
The Options Price Reporting Authority will switch off its existing ASCII-format datafeed and distribute consolidated US options data using only the FAST (FIX Adapted for Streaming data) protocol as of Jan. 28 next year, to provide additional bandwidth to…
Exchanges Prepare for Penny Options Pilot Expansion
US options exchanges are bracing for an expansion of the pilot phase of quoting options in penny increments in September, though they do not expect to be overwhelmed by a deluge of new options data.
Chi-X Takes On LSE with UK Stock Data
Chi-X, the European equity market operated by broker Instinet, earlier this month began providing data and trading with continuous two-sided quotes on around a dozen large-cap stocks from the FTSE 100 index listed on the London Stock Exchange.
Vendors Continue Growth Path; Thomson-Reuters on Track for Regulatory Approval
Reuters, Thomson and Interactive Data each reported positive results for the second quarter of 2007 last week, and predicted a continuation of benign operating conditions for the market data industry. Revenue and profit growth was a theme across the…
Citi Signs for FTSE Infrastructure Index
Citigroup is the first investment bank to license the FTSE-IDFC India Infrastructure 30 Index—one of a new series of Indian infrastructure indexes launched by index provider FTSE Group last week in partnership with India's Infrastructure Development…
Bloomberg Shuffles 'Specialist' Sales
Bloomberg has reorganized the structure of its sales operations in a move designed to reduce management and reinforce its core terminal sales area as the main channel for customer sales activity, sources tell Inside Market Data .
MSCI Barra: Index Transition Costs Not Unreasonable
Index provider MSCI Barra is rejecting suggestions that changes to its global indexes over the coming year will cause investment managers to review their relationship with the vendor or even switch to alternative providers.
Huber Wraps TQA-Datastream Integration
German research firm and investment manager Huber Portfolio has finalized the integration of Thomson Financial's Datastream historical time-series and economic database with a recent deployment of Thomson's Quantitative Analytics (TQA) product, to enable…
NYSE Gives ArcaBook a Multicast Facelift
The New York Stock Exchange's NYSE Arca division will next week roll out a new version of its ArcaBook feed of limit order book data based on technology used by existing NYSE feeds, dubbed ArcaBook Multicast for Equities.
ISE Broadens Sentiment Data Lineup
The International Securities Exchange has announced plans to launch a new addition to its suite of products for measuring market sentiment, to include a broader and more granular range of data than is currently available in the ISE's other sentiment…