Emerging Technologies
FIX Market Data Protocol Spec Nears Completion
FIX Trading Community outlines progress on development of a new, standardized protocol for market data transmission.
Cyber-security: Preparing for Accountability
Investors are a hedge fund's lifeblood, entrusting their most confidential, personal data to the financial advisors who manage their assets.
Drawing Thick Lines
A Rimes Roundtable moderated by Waters this week highlighted the reasons buy sides should consider outsourcing data management as part of broader institutional transformation around the problem. The rub? Keeping everyone in line.
Zacks Estimates Becomes First Premium Dataset on Quandl Financial Search Engine
Toronto-based economic and financial search engine Quandl has added North American earnings estimates data from Chicago-based Zacks Investment Research as the first instance of fee-liable data on its web-based platform for financial, economic and…
Canadian Advisory Firm CFSI Signs MDA, Quartet to Vendor Partner Ecosystem
Canadian business development advisory firm Collaborative Financial Services Inc. (CFSI) has signed deals to represent two Toronto-based companies──startup market structure and transaction cost analysis provider Market Data Authority and managed IT…
KYC: Know Your Choices
Know-your-customer (KYC) requirements, hardly a bank’s most value-added function, have become a popular topic among operations, compliance, and reference data professionals, with a growing consensus that KYC checks can be done cheaper and more…
Mandell Joins MTS Markets International
MTS Markets International, a property of London Stock Exchange Group, has announced the appointment of Dan Mandell as a senior account executive.
Bond Trading Resists Electronification, But for How Long?
The bond market is the last bastion of Wall Street to resist electronification, despite the success of certain e-trading platforms like MarketAxess, Tradeweb and Bloomberg. Many buy-side traders have warned that the current market structure is not suited…
AIM Software Strengthens Market Presence in North America
Data management provider AIM Software has opened an additional office in New York with three hires as part of a wider strategy to expand in North America.
BGC Bid for Rival Broker Turns Hostile
A $675 million offer by BGC Partners to acquire its rival GFI Group is now being presented directly to shareholders, following weeks of protracted negotiations between the firms.
Victory Taps Rodriguez for BizDev
Chicago-based market data and trading infrastructure, connectivity and co-location provider Victory Networks has hired former Livevol president Dax Rodriguez as head of business development, responsible for expanding business relationships, contributing…
Tech Vet Barringer Joins SecurityScorecard to Tighten Data Security for Capital Markets
Paul Barringer has joined information security provider SecurityScorecard as strategic sales director, responsible for sales to corporate clients as well as to financial services firms, and for exploring new channels and use cases to sell the vendor's…
Enso Gets More Cash from Icap to Fund Expansion
Interdealer broker Icap has made a second undisclosed investment in market intelligence and analytics provider Enso, which provides portfolio analytics on counterparty credit risk, collateral management, and portfolio financing and treasury functions to…
Teradata, Datawatch Ally for Data Visualization
Big data storage and analysis provider Teradata is making analytics from data visualization software vendor Datawatch available to its clients, allowing them to visualize data sources held in Teradata data warehouses, such as documents, PDFs and log…
TMX Atrium to Distribute NPLTime
TMX Atrium, the network provider subsidiary of Canadian exchange group TMX, has signed a distribution agreement with the UK's national measurement institute, the National Physical Laboratory (NPL), to distribute NPLTime, a certified precise time signal…
Markit, Hang Seng Indexes Roll Out Offshore RMB Bond Index
Markit and Hong Kong's index provider Hang Seng Indexes have launched a bond index series that track the performance of offshore renminbi-denominated sovereign and corporate debt, in response to increased demand from regional and international investors…
E-Trading Vet Lilien Joins Tradier Board
Electronic trading veteran Jarrett Lilien has joined the board of Tradier, which operates a cloud-based brokerage platform and a supporting environment of data, trading and analytics applications as an independent director.
Velocimetrics Taps TS-A Vet McDowell as CFO
Latency monitoring technology provider Velocimetrics has hired Karen McDowell as chief financial officer, responsible for overseeing the vendor’s financial health and for producing consolidated accounts for its proprietary product set and the Precision…
Velocimetrics Eyes Expansion
Latency monitoring technology provider Velocimetrics is seeking to expand its business globally, particularly in Asia, after securing a larger customer base in the region as a result of its recent acquisition of an exclusive license to sell and maintain…
Opening Cross:‘Big Data’ Is Really About ‘Big Service’
In today’s financial markets, we think of Big Data as collecting, processing and analyzing enormous quantities of information that are not traditional market data, but which may nevertheless impact prices and the markets as a whole. Much like “cloud,”…
First Derivatives Spends £36M to Up Kx Stake
Newry, Northern Ireland-based data technology provider First Derivatives has increased its shareholding in Palo Alto-based time-series database provider Kx Systems, giving the vendor a majority stake in the company.
NYSE Tech’s O’Sullivan Sets Up USAM Outsourced Data/Tech Sales Agency
Feargal O’Sullivan, a former sales and solutions executive at NYSE Technologies, Tervela, Reuters and Tibco Software, has set up USAM Group, a New York-based sales agency to represent startup financial technology and data vendors seeking to gain a…
Numerix Preps for IPO, Mulls Acquisitions
Over-the-counter derivatives pricing, analytics and risk management software vendor Numerix is gearing up to go public, and is weighing potential acquisitions that will help the vendor boost its scale ahead of an IPO, officials say.
Frankfurt FIS 2014: For Regs, Prep Early and Coordinate
Firms must begin preparations to comply with new European and global regulation as soon as possible, setting up a priority-driven roadmap and boosting internal coordination, said panelists at this week's Frankfurt Financial Information Summit.