Data Management
User Firms Tighten Data Spend
Continued economic uncertainty is forcing user firms to step up their data administration efforts in order to cut per-user market data spend, according to a panel of institutions at last week's European Financial Information Summit.
Credit, Risk Top Demand for 'Hot' Data
Accurate data for performing valuations, structuring complex securities and risk management-particularly in the credit markets-is a hot topic, and is being demanded in ever-increasing volumes by end-user firms, according to a panel at last week's…
Burgundy Preps Free Scandinavian Data
Burgundy, a pan-Nordic multilateral trading facility being set up by a consortium of 10 Scandinavian banks, will offer its market data free of charge when it begins trading in the second quarter of 2009, officials say.
RTS Embraces FIX FAST for New Datafeed
Russian exchange RTS plans to release a new vendor feed later this year that will utilize the FIX (Financial Information eXchange) protocol and FAST (FIX Adapted for Streaming data) compression standards to cut the technical cost of receiving its data.
What a Difference a Year Makes
Much of the discussion at last year's European Financial Information Summit centered around how the Markets in Financial Instruments Directive would re-shape the European financial markets. Now, one year on, the markets are certainly seeing unprecedented…
NYSE Takes Over Amex Data, Staff
The New York Stock Exchange is in the process of integrating its market data team and data administration and billing functions with those of the American Stock Exchange, following the completion of NYSE's takeover of Amex last week.
BNY ConvergEx Taps StreamBase CEP
Agency brokerage BNY Convergex has rolled out complex event processing software from Lexington, Mass.-based technology provider StreamBase to monitor trading and market data in its US equities trading operations.
Agility Not Just For Google
OPEN PLATFORM
XBRL Marks the Spot
Regulators are increasingly embracing the use of extensible business reporting language (XBRL), which means a growing amount of financial data will be tagged and easily accessible. Carla Mangado explores how widespread use of data tagging could affect…
Thomson Reuters unveils valuation risk service
In a move to increase transparency, Thomson Reuters last month launched a new service to provide independent valuations of financial instruments across asset classes.
Keeping mum
Excuse me for a moment: I'm going to talk politics. But I promise to be brief. By Emily Fraser
Advent moves into research management space with Tamale acquisition
Advent Software is expanding into the research management solution (RMS) arena through its planned acquisition of Tamale Software, a developer of centralised front-office workflow and research tools.
Wiener Börse Boosts East Europe Data
Austrian exchange Wiener Börse is preparing to add more market data from emerging Eastern European exchanges to its Alliance Data Highway (ADH) datafeed, including data from two stock exchanges in Bosnia and Herzegovina, increased market depth, and local…
Prism Expands GFI Data Deal
UK-based valuations provider Prism Valuation has struck a deal to use credit derivatives data from interdealer broker GFI in its valuation process, expanding a licensing agreement originally signed earlier this year.
Vienna: Gateway to Eastern Europe?
Interest in data from Eastern European exchanges is growing fast. But with any emerging market, there are challenges to obtaining data, which can range from contractual issues to connectivity. Austrian exchange Wiener Börse is easing some of that burden…
XTF Launches ETF Ratings
XTF, the exchange-traded fund research arm of FIX network provider Marco Polo Network, will this week launch a commercial service providing ratings on ETFs via its Web site, officials say.