Inside Market Data/Special
Vendors Respond to New Demands
Data providers are feeling the heat from rising data volumes, demand for lower latency and value-added services, as well as increased competition from new, niche providers and market venues, according to a panel of vendor executives.
Challenges, Opportunities in Volume Rises
The impact of algorithmic trading and new venues created in response to the Markets in Financial Instruments Directive is expected to generate a flood of new market data across Europe, but may result in more competitive markets and adoption of newer,…
Users: Budget Squeeze Hits Data
Data managers are being forced to consider alternative vendors for data services, as a result of economic pressures that are causing banks to tighten budgets, according to a panel of end-users at last week's Amsterdam Financial Information Summit.
Demand Drives Index Evolution
As the underlying basis for derivatives and exchange-traded funds, and a means of gaining exposure to new markets, indexes are multi-purpose investment vehicles. But with end-user demand for more index types, asset classes and more granular data, index…
Actively Managed ETFs: Big Bang or Misfire?
A new breed of ETF is evolving. More flexible, more agile, and faster to respond to change, do actively managed ETFs represent the next stage of evolution, or will liquidity and transparency concerns drive them into extinction?
Credit Suisse Centralizes Index Licensing Function
Credit Suisse has centralized its index data licensing and administration function under one person, separate from its market data business, to reduce the overall cost of the bank's index usage by eliminating duplication by different business lines and…
FTSE Preps US Operations, Ticker Plant
Index provider FTSE is to set up regional support and operations functions in North America and Asia, to enable the vendor to source and process data locally, and to respond faster to customer inquiries.
New Kid on the Block
UK data vendor Markit, traditionally known for consensus credit pricing and reference entity data, has stealthily grown into a major mainstream vendor, and is now establishing itself-with last year's purchase of the International Index Company and CDS…
HSBC Ramps Up Custom Indexes Business
HSBC is creating a growing number of custom indexes, in response to investor appetite for targeted investment vehicles, which has spurred demand for the bank's index data and calculation services, officials tell Inside Market Data .
Deutsche Börse Launches DAX Super-Sector Indexes
Deutsche Börse last week launched a new family of sector-based indexes, within its DAX family of German company indexes, designed to be used as the basis for creating investment vehicles, exchange officials say.
Oil, Credit Crunch Boost Sharia Indexes; Data Sourcing Remains a Challenge
The choice of investable Sharia-compliant indexes has increased significantly over the past year-primarily driven by banks and fund managers trying to appeal to Islamic investors and attract wealth from oil-rich Middle Eastern countries by creating…
Lawyers: ISE Suit Threatens Index Industry
Pending litigation between the International Securities Exchange, the Chicago Board Options Exchange and index providers Dow Jones and Standard & Poor's could negatively impact the exclusive licensing of index products, lawyers say.
STAC: 10GE Rivals InfiniBand
Tests conducted by the Securities Technology Analysis Center show high throughput and low latency for the Reuters Market Data System, when using 10-gigabit Ethernet switches and network cards from networking technology provider Teak Technologies.
Fixed Income, FX Drive 2007 Data Spend
Global spend on financial data could reach $24.3 billion in 2008, driven by demand from sales and trading operations, up from $23 billion last year, according to research released last week from Burton-Taylor International Consulting.
Damaged Cables Cause India, Mid-East Latency
The flow of market data to and from India and the Middle East was disrupted by a damaged undersea telecom cable providing Internet connectivity to the region last week, though the impact appears to have been limited to slowing down communications, rather…
Asia-Pacific in Hot Pursuit of West
ASIA-Three of the key trends of the US market last year-latency, regulation and data volumes-will emerge as key drivers of market development in the Asia-Pacific region this year, experts say, signaling that the Asian markets are fast catching up with…
New Inputs Set to Gain Traction
Ratings & Indexes-As profits from established markets become harder to come by in highly competitive environments, index providers are developing more products to provide low-risk exposure to high-yield markets and sectors, as Jerry Moskowitz of FTSE…
Research Faces 'Consumer' Revamp
Research & Commentary-The research industry is in a state of flux, with numerous trends contributing to the pace of change. Michael Mayhew of Integrity Research Associates predicts that buy-side firms will increasingly internalize research generation and…
Credit Challenges Remain in 2008
Content Focus: CREDIT-The credit markets faced a major setback last year in the sub-prime crisis, which created the still-ongoing credit crunch. Yet experts believe there remain opportunities for the market to rebound in 2008.
Aite: Data Tech Spend to Rise
New research from financial technology consultancy Aite Group is predicting a rapid rise in spending on high-performance market data infrastructures over the next three years, from $4.9 billion in 2007 to $7.8 billion by the end of 2010.
Guest Editorial - Prepare to Shift Gears
With globalization, algorithmic trading and regulatory initiatives forcing vendors to 'walk the walk' this year, remaining focused on basic client needs will be a key differentiator in 2008. In this exclusive guest editorial column, Thomson Financial…
Thomson-Reuters Overshadows Consolidation Frenzy
After years of buying up smaller competitors to boost their own assets, Thomson and Reuters finally agreed to pool their resources this year, making 2007 the year of the largest-ever single takeover deal to hit the market data industry.
Exchanges Jostle for Position with New Venues
The global exchange landscape saw a slew of merger and acquisition stories unfurl over the course of 2007. But while the largest exchanges develop into global powerhouses of data and trading activity, expanding both geographic and asset class coverage,…
CEP Becomes Less Complex
Complex event processing took steps towards standardization during 2007, with vendors seeking to simplify the mystique surrounding the CEP and stream-processing space, opening themselves more to partnership and collaboration, and calling for measurable…