Emerging Technologies
CME Europe Adds Vermaas as CEO
The Chicago Mercantile Exchange Group (CME) has appointed Cees Vermaas as managing director and CEO of its London-based derivatives exchange, CME Europe.
ICE's SuperDerivatives Buy Welcomed, Though Integration Details Still Unclear
Less than a calendar quarter after selling one data technology business──NYSE Technologies' Wombat platform──to SR Labs (IMD, June 18, 2014), Intercontinental Exchange acquired another in the form of derivatives pricing and risk management vendor…
DataArt Acquires AW Systems
Bespoke software developer DataArt has acquired New York-based web engineering and consulting firm AW Systems to expand its global portfolio of consulting by doubling its consulting and engineering team in New York, and enabling it to serve North…
DataArt Acquires AW Systems, Will Open New Development Center in Argentina
DataArt says it has bought South American consulting specialist AW Systems.
Equinix Deploys Perseus ‘High Precision Time' Timestamping Service
Datacenter provider Equinix has rolled out New York-based low-latency network provider Perseus Telecom's High Precision Time service──which provides nanosecond-level timestamps, and includes access to a National Institute of Standards and Technology …
REDI Appoints Lax as Head of Emea Sales
REDI Holdings, the provider of the REDIPlus execution management system (EMS), has announced the appointment of Michael Lax as its new head of Emea sales.
ICE Plans Majority Stake in Dutch Clearer
The IntercontinentalExchange Group (ICE) has announced that it will acquire a majority stake in the Holland Clearing House (HCH), adding to its recent shopping cart of company buys.
CME Lifts LSE's Stuart for Sales
CME Group has hired former London Stock Exchange exec Ross Stuart as senior director of information products management.
BGC Presents Offer for GFI Group
Brokerage firm BGC Partners has announced its intention to submit a cash tender offer to the shareholders of GFI Group, in direct competition with a previous announcement that the New York-based firm would be acquired by the Chicago Mercantile Exchange …
KCG Offloads FCM Business to Wedbush
KCG Holdings, formed from the merger of Knight Capital and Getco, will sell its futures commission merchant (FCM) business to Wedbush Securities, the company has confirmed.
CFN Snares Scott for Sales
Low-latency fiber and microwave network provider CFN Services has hired Guy Scott as vice president of global sales for capital markets, responsible for sales activities supporting continued expansion of the vendor's Alpha Platform hosted trading…
Buy Them! Buy Them All!
ICE's acquisitive mood and T2S lead this week's coverage.
Broadridge Unveils Performance Offering Underpinned by BI-SAM's B-One Platform
Lake Success, NY-based Broadridge Financial Solutions has unveiled a performance measurement and attribution offering, Broadridge Investment Management Solutions (IMS) Performance Reporting, aimed at traditional asset managers and hedge funds,…
Perseus Begins Global Data Net Expansion
New York-based low-latency network provider Perseus Telecom is expanding its LiquidPath data connectivity service from focusing on providing connectivity between the US and South American markets to primary market centers worldwide, followed by second…
Opening Cross: Teenage Takeover!
I can still recall my first days at then-Risk Waters Group in 2000 as a greenhorn researcher working on Risk magazine and FX Week, trying to quickly learn new industries and lingo, while at the same time trying to hide my inexperience. One of my earliest…
Martone Co-Locates at CenturyLink
Datacenter and hosting provider CenturyLink Technology Solutions has hired Kindra Martone as senior vice president of co-location sales, with responsibility for the vendor's global datacenter co-location strategy and initiatives.
ICE Bolsters Clearing with SuperDerivatives Buy
Intercontinental Exchange says it will buy the derivatives pricing and risk management software provider for $350 million.
A Legend Returns—But to a Different World
This week, Michael Bloomberg's officially-announced return to the company bearing his name surprised many. Welcoming him back, Tim says, is easy — the difference he'll make requires a little imagination.
Thomson Reuters Maps 12-Month Retirement-Upgrade Schedule
Thomson Reuters has notified customers that it will retire a number of legacy products over the next 12 months, as part of an ongoing program to migrate all customers to its next generation Elektron Real Time datafeed.
ICE to Buy SuperDerivatives for $350 Million
Intercontinental Exchange has announced plans to acquire derivatives pricing and risk management software vendor SuperDerivatives for $350 million in cash to "accelerate the expansion of ICE's comprehensive multi-asset class clearing strategy."
ECB: Eurosystem Ready for User Testing on T2S Platform
The European Central Bank (ECB) has announced that the Eurosystem is ready to begin user testing on the Target2–Securities (T2S) platform, the pan-European project aimed at providing a single system for settling central bank securities transactions.
Reval Hires Mitchell as Executive Vice President of Global Sales
Reval, a global provider of Software-as-a-Service (SaaS) and integrated Treasury and Risk Management (TRM) solutions, has announced the appointment of John Mitchell as its executive vice president of global sales.
ITG to Launch Bond-Trading Dark Pool
Agency broker and technology provider ITG has announced that it will launch a fixed-income version of its POSIT alternative trading system (ATS), or dark pool, focusing on US corporate bonds.
Doctoroff to Depart Bloomberg at Year-End
Bloomberg president and chief executive Dan Doctoroff is to leave the data giant at the end of this year, to be replaced by his predecessor, Bloomberg founder Michael Bloomberg, officials announced Sept. 3.