Data Management
Essex Radez Co-Lo Cuts NY Latency
Chicago-based market maker and data technology supplier Essex Radez is to open a co-location center in the facilities of NYSE TransactTools, the New York Stock Exchange's technology arm, to reduce data latency for the firm's clients in Chicago.
Interfax Launches News Archive Analytics
Russian information agency Interfax has launched a news analysis service, dubbed SCAN (System for Complex Analysis of News), that allows users to search through an archive of major Russian media outlets.
ITRS Revamps Monitoring Tools
ITRS, a London-based provider of software for monitoring the operations of real-time data and trading systems, has begun to roll out a series of upgrades to its Geneos product line designed to make the software easier to use and more scalable for large…
Waiting for the Summer Lull
Activity tends to tail off during the summer vacation months, leading to a drawing-out of project timeframes. However, this busy edition of IMD reads like a copy-book of all the trends currently grabbing headlines in the market data industry—from low…
VWD Switches FX Providers to Tenfore
German data vendor VWD Group is to replace foreign exchange data provided via its Internet- and terminal-based data products with new data sourced from UK-based Tenfore Systems' Tenforex feed, officials say.
FPL Panel Touts FIX for MiFID Data Challenges
Some industry figures are calling for the FIX protocol to be expanded to encompass reference data in order to create a symbology standard for addressing the data challenges of the European Commission's Markets in Financial Instruments Directive,…
CME Scales for CBOT Data Switch
The Chicago Mercantile Exchange is anticipating a 50 percent increase in market data volumes over its data platform and distribution network as a result of its acquisition of the Chicago Board of Trade, which finally agreed to a takeover by the CME last…
Dark Pools on the March
When it comes to dark pools of liquidity in the equities world, the industry has had enough. Depending on which industry analyst's estimation you select, the more than 40 opaque trading venues are enough. I doubt that there were this many ECNs during the…
Faster, FASTer
Ladies, how many times have you heard the line—and guys, how many times have you used it—that the best things come in small packages? Well, it's official! Small really is beautiful—at least when it comes to market data.
TSX Prepares PC Bond Expansion
The Toronto Stock Exchange last month completed the migration of the PC Bond fixed-income index business acquired from Scotia Capital to the TSX, and plans to gain significant traction this quarter by expanding the PC Bond business into a multi-dealer…
Saxo Bank Plans FAST Data for Q4
Danish investment bank Saxo Bank will develop a proprietary feed handler to capture data via the FAST (FIX Adapted for Streaming data) protocol before the end of this year, and will also decide whether to use FAST for outbound distribution of quote data…
Firms Explore Valuation Options For FASB 157 Compliance
Pricing vendors and accounting specialists are reporting a recent spike in investment managers seeking assistance in complying with SFAS (Statement of Financial Accounting Standards) 157 from the Financial Accounting Standards Board, which will come into…
HSH Nordbank Replaces Terminals, Outsources Data Tech Platform
German bank HSH Nordbank has in the last two months completed a rollout of Reuters 3000 Xtra terminals to replace obsolete Telerate screens at its trading floor in Kiel, with the assistance of Hamburg-based consultancy IT-Spezialist (ITS).
CBOE Proposes Backdated Fees, Ends Cross Rebates
The Chicago Board Options Exchange has asked the US Securities and Exchange Commission to allow it to collect retroactive fees for market data from the CBOE and the CBOE Stock Exchange (CBSX) distributed between April 1 and May 31 this year.
Proquote Broadens Icap OTC Content
Proquote, the data vendor subsidiary of the London Stock Exchange, is expanding coverage of OTC-traded markets through its relationship with interdealer broker Icap, which will see the vendor begin carrying new asset classes and geographic coverage,…
New HS Indexes Track China-HK Disparities
Hang Seng Index Services will today, Monday, July 9, launch the China AH Indexes Series, a set of indexes to track the performance difference between shares of companies with both mainland Shanghai-listed A-shares and Hong Kong-listed H-shares (AH…
Amex Readies Level 2 Feed, Uses FAST
The American Stock Exchange is developing a Level 2 feed of equities market depth data for launch in the second half of this year utilizing the FAST (FIX Adapted for Streaming data) protocol to reduce the bandwidth issues associated with market depth…
Reuters Launches OTC Post-Trade Reporting Tool
Reuters is testing a new tool for reporting over-the-counter trades in European equities with a number of medium-sized broker clients, which will help firms comply with the European Commission's Markets in Financial Instruments Directive regulations,…
Panel: Mifid's Impact on Exchanges Uncertain
LONDON—The future of liquidity after the E.U.'s Markets in Financial Instruments Directive (Mifid) takes effect is still uncertain, panelists concluded during last week's meeting of the Financial Services Club.
Making History
Today will go down as a major historical milestone. I'm not talking about commemorating 13 British colonies declaring independence, the merger of Upper and Lower Canada into the Dominion of Canada, or even independence of Argentina. No, today marks the…