Articles by Max Bowie
Opening Cross: Getting the Message, Loud and Clear
Who would have thought that in the age of algorithmic trading, where computers trade with other computers, there would be so much interest in chat tools for human traders to communicate, share information and negotiate trades. Nevertheless, with…
Barchart Launches 'EDM' Service, Revamped Content Portal
Chicago-based data vendor Barchart has officially unveiled Barchart EDM──a new integrated solution that combines components of its various content and data delivery mechanisms into a managed service for market data capture, management and distribution─…
Platts Sweetens Commodities Data, Ups Sugar Content
McGraw-Hill Financial-owned commodities and energy data provider Platts has released a new real-time news, data and benchmark pricing service for global agriculture markets, dubbed Platts Agriculture Alert.
Gurle: Goldman Consortium's $66M Symphony Will Make Harmony with Markit Messaging
Symphony, the secure messaging platform being created by the $66 million acquisition of Palo Alto-based software vendor Perzo by 14 major financial firms, will complement──rather than compete with──data vendor Markit's Collaboration Services suite of…
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
BATS Delays New Feed Launch After SEC Extends Review Period
BATS Global Markets has delayed the launch of its BATS One consolidated feed of data from the four equities markets operated by its BATS and Direct Edge exchange, after the Securities and Exchange Commission extended its 45-day period by a further 45…
Rimes Adds Thomson Reuters Indexes to BDS
Economic and benchmark data provider Rimes Technologies has added support for Thomson Reuters' equity and fixed income indexes to its Rimes Benchmark Data Service to meet demand for diverse index data from buy-side clients.
Ex-Harco Execs Reunite at Datactics
Datactics, a Belfast, Northern Ireland-based provider of data quality software, has appointed former NYSE Technologies managing director Steve Cowler chief technology officer, replacing Sarah Bearder, who has served as CTO since 1999 and will remain as…
CenturyLink Opens First Mainland China Datacenter
Datacenter, internet and hosting provider CenturyLink has opened a datacenter in Shanghai to provide locally hosted infrastructure for multinational firms doing business in China, and to support "data sovereignty," officials say.
S&P Boss Eccleston Resurfaces as TMX CEO
Canadian exchange group TMX has appointed former S&P and Bloomberg exec Lou Eccleston as chief executive, effective Nov. 3, replacing Thomas Kloet, who announced his retirement earlier this year.
Estimize Taps Former S&P Research Director for PR, Research
New York-based crowd-sourced earnings estimates provider Estimize has appointed Christine Short──former director of earnings research at S&P Capital IQ──vice president of media and public relations, with additional responsibility for content generation,…
CME, CFFEX Sign Data Distribution Deal
CME Group has signed an agreement to license and distribute market data from the Shanghai-based China Financial Futures Exchange (CFFEX), as part of the Chinese exchange's global development activities to grow its business in international markets.
Nasdaq Index Head Jacobs Announces Retirement
John Jacobs, executive vice president of global information services at Nasdaq OMX and head of the exchange's index business, has announced he will retire from his current role effective Jan. 2, 2015.
Vista Equity Partners to Buy Tibco for $4.3Bn
Austin, Texas-based private equity firm Vista Equity Partners has struck a deal to acquire data technology provider Tibco Software for $4.3 billion ($24 per share) in cash, following "a review of strategic and financial alternatives" by a special…
Opening Cross: In Data, as in Baseball, a Great Captain Unites His Team
Whether you’re a Yankee or Red Sox supporter, you have to take your hat off to Yankees captain Derek Jeter: in his last game at Yankee Stadium, he not only made a respectful exit in front of a sold-out crowd of home fans, but also saved the day with a…
Morningstar Begins Historical Tick Database Revamp
The real-time data business of Chicago-based data and investment research provider Morningstar is in the middle of a project to make its database of historical tick data more flexible and accessible to different types of users and use cases.
Credit Benchmark to Begin Publishing Consensus Credit Ratings by Year-End
London-based Credit Benchmark, a startup provider of aggregated, bank-generated credit ratings, is preparing to publish its first set of live data towards the end of this year, which will be the first of its monthly──and ultimately more frequent──rating…
Max Bowie: Wherefore Art Thou, Transparency?
In the wake of the financial crisis, regulators and market participants have focused on making illiquid assets and imperfect market structures more transparent. But the market for data to support that transparency is somewhat less transparent. So if data…
Windy Apple Tech Says Low-Latency Transatlantic Wireless Net Possible in 18 Months
Jersey City, NJ-based Windy Apple Technologies, which operates a low-latency microwave network between New York and Chicago for high-frequency traders, is claiming that it can construct a similar wireless network over the Atlantic Ocean, drastically…
Born Taps NYSE's Dimtsis for Canada Sales
Born Technology, a Chicago-based exchange connectivity and co-location technology provider, has hired Paul Dimtsis as managing director of sales, based in Toronto.
Tiger Sinks Claws into Hudson Fiber
Tiger Infrastructure Partners, a private equity firm specializing in investing in mid-market infrastructure assets, has acquired an undisclosed majority stake in Paramus, NJ-based low-latency network provider Hudson Fiber Network, to expand the vendor's…
Barchart Adds Commodities Prices to OnDemand Web Services Data
Chicago-based data and analytics provider Barchart has begun distributing global commodities and futures price data via its Barchart OnDemand suite of web services-enabled datasets that leverages Amazon Web Services' cloud.
1010 Says 10-4 to ‘Easy-to-Use' Analysis Interface
1010Data, a New York-based provider of Big Data analytics tools for fixed income and other markets, has released a new interface to its database, to allow bond traders to more easily perform loan-level analysis on mortgage-backed securities, in addition…
StatPro Taps Thompson for Client Integrations
Data and portfolio analytics provider StatPro has hired Ian Thompson as client integration director, responsible for helping the vendor's product development teams to smoothly transition clients to its cloud-based StatPro Revolution analytics platform…