Data Management
Smoke and mirrors
It's time to revisit the perennial challenge of hedge fund valuation practices. Investors may now be asking more pertinent and accurate questions by way of due diligence studies regarding how managers price their portfolio holdings, although many funds…
Interactive Data division unveils hedge fund net asset value service
Interactive Data's Pricing and Reference Data division is rolling out a service for collecting and disseminating hedge fund net-asset values (NAVs) in standardised format via existing distribution channels. The service, developed over the last 12 months…
Month in Numbers
'Throwing spaghetti on the wall and seeing what sticks won't let you control the risk associated with the execution'
BNY ConvergEx Preps For Reg NMS
Just over six months ago, The Bank of New York (BNY) partnered with buy-side order management system provider Eze Castle Software and private equity firm GTCR Golder Rauner to launch the institutional trading and investment technology firm BNY ConvergEx…
Markit Readies LCDX Index Launch
LCDX, a North American loan-only credit default swap index, is expected to launch in early May, coinciding with the launch of a new market standard identifier for credit agreements and loan tranches, provided by Markit RED Loans.
CBOE, CBSX to Extend Activ Data Installation
The Chicago Board Options Exchange plans to expand an installation of Activ Financial's ticker plant technology to provide equities market depth data to the exchange's 441 options traders.
Mitsubishi Deploys Gissing Contribution Tool
The Rates Trading Group of Japanese bank Mitsubishi UFJ Securities International (MUSI) has deployed a new pricing system across its London and Tokyo offices to calculate and distribute rates for bonds, swaps and futures contracts via linked spreadsheets…
Roundtable: Tracking Indexes
Index data—once restricted to headline values and end-of-day files—is increasingly used as the basis for adventurous front-office trading strategies and for the creation of new investment vehicles based on or linked to established or custom-developed…
Nasdaq Steps Up Commercial Focus on Index Watch
Nasdaq has moved the management and sales function for its online Index Watch product from the exchange's Financial Products division to its market data group, headed by vice president of market data distribution Randall Hopkins.
OMX Integrates Cicada for New Feed
Nordic exchange operator and technology provider OMX will retire its legacy Targin market data platform when it introduces the OMX Genium Market Info feed next year, which is largely built around the Composer Plus system from Cicada.
FTSE Seals Bloomberg, BGI Deals
Index provider FTSE has inked deals to distribute detailed index data via Bloomberg and to license several real estate index products to Barclays Global Investors to use as the basis for exchange-traded funds, officials say.
Lehman Unveils New Data Controls
Lehman Brothers is expanding an ongoing market data cost control initiative to cover new areas, and is introducing a new process to make data consumers regularly re-validate the data services to which they subscribe and hence eliminate unused data…
BNY Convergex Preps Ticker Replacement
BNY Convergex is rolling out the Market Information Server ticker plant from Chicago-based vendor Spryware in response to the demands of Reg NMS, replacing a legacy ticker plant that the firm had built in-house.
JPMorgan Expands Custom Index Use
JPMorgan is increasing its use of niche and custom indexes to support new structured products that help clients pursue thematic investment opportunities, officials tell Inside Market Data .
MSCI Barra Preps Index Changeover
Index provider MSCI Barra will this week release the constituent data for its new range of global indexes, which will be introduced during the coming year, reflecting a new methodology that will enable the vendor to substantially expand the range of…
Custom Index Boom
With indexes and index-based products growing rapidly, firms have a choice of how to create their own custom indexes. By Ridgely Walters, senior director of client development and support at Dow Jones Indexes
Deutsche Börse Unshackles Xetra Feed
Deutsche Börse has removed throttling restraints from its CEF datafeeds that distribute data from its Xetra cash market, so that data is distributed in un-netted and un-pulsed format, providing subscribers with faster and more comprehensive data.
ISE Launches FX Options Data
The International Securities Exchange last week began distributing data on currency options products that it began trading last Wednesday, officials say.
Exchanges Grow Q1 Data Revenues
Despite increased scrutiny from pressure groups of late, exchanges' revenues from market data services continue to rise, according to the latest round of financial statements from exchanges.
Commerzbank Taps Aleri for FX Pricing Platform
Commerzbank is gearing up to roll out a new foreign exchange pricing tool that will be used by the bank's FX staff around the world as well as being made available to clients via the bank's e-commerce portal, officials say.
After New Fees, Plus Markets Preps API
UK equity market operator Plus Markets Group is preparing the rollout of a new application programming interface (API) for market data connectivity as part of a recent technology overhaul, officials tell Inside Market Data .