Emerging Technologies
Lombard Risk Looks to Leckie
London-based Lombard Risk Management, a provider of regulatory compliance, reporting, and collateral management technology to the capital markets, has appointed George Leckie to lead sales and business development for ComplianceASSESSOR, the firm's web…
Zschach Joins CLS as CIO
Tom Zschach is set to join the foreign exchange (FX) risk-mitigation utility CLS Group as its chief information officer come September 1.
Redline Gets $5M VC Funds, Adds Ex-Thomson CEO Harrington to Board
Woburn, Mass.-based low-latency ticker plant and feed handler provider Redline Trading Solutions has raised $5 million in new funds from Cue Ball Group, a Boston-based venture capital firm chaired by Richard Harrington, the former president and chief…
Barchart Rolls Out Canadian Securities Exchange Data
Chicago-based data and analytics vendor Barchart has added market data from the Canadian Securities Exchange to its data services.
Fincad Snaps up Garfield for Product Marketing Role
Canadian over-the-counter derivatives pricing and risk software vendor Fincad has hired Rob Garfield as global head of product marketing.
CME to Acquire Trayport and Fenics from GFI Group
The CME Group has agreed to acquire Trayport, a trading software provider for the European energy market, and Fenics, a suite of pricing, risk management, analytics and straight-through processing software, in a two-step transaction with inter-dealer…
GE Capital Names Casper as New CDO
Rob Casper, previously a managing director at Morgan Stanley, has been hired by GE Capital as its chief data officer
Fits and Start(up)s: Chasing New Fintech Innovation Models
Incubators, accelerators, and mentoring programs have gained favor in recent years as start-up financial technology providers look to partner with clients—and potential strategic investors—earlier in the launch process, and global financial centers seek…
CME to Buy GFI's Fenics and Trayport Pricing, Trading Tech Businesses
CME Group has announced plans to acquire interdealer broker GFI Group's Fenics suite of pricing, risk management, analytics and straight-through processing software and its Trayport commodities and energy trading technology.
GE Capital Names New CDO
Rob Casper, previously a managing director at Morgan Stanley, has been hired by GE Capital as its chief data officer
SunGard Survey: Firms Still Face Tech Challenges to Extract Value from Data
Financial organizations are struggling to fully utilize analytical tools and data management technologies to extract value or "business intelligence" from raw data because of a lack of adoption of new techniques, a multitude of inconsistent data formats,…
Colt Hires Net Vet Hutchinson as US Capital Markets Director
UK-based telecom provider Colt has hired Julie Hutchinson as US director of capital markets, responsible for developing its US capital markets business by helping US content providers, trading firms and platform providers to expand their presence to…
Israel: Land of Startups
Israel is currently one of the hottest places for high-tech companies to establish themselves, with the country featuring one of the highest numbers of start-ups per capita in the world. With such a fertile ground for developing cutting-edge technologies…
Tabb: Firms Spend $25 Billion on Content, $3.1 Billion on Data Tech in 2013
Research firm Tabb Group’s Data and Analytics (DnA) group has released a new report, "Market Data Technology Innovation: Bigger Data, Simpler Solutions, Better Functionality," which estimates global spend on market data at about $25 billion in 2013,…
Calypso Appoints Natraj as Global Head of Sales
Calypso Technology has appointed Nat Natraj as its senior vice president for sales and marketing. He will report to Calypso president and CEO Kishore Bopardikar.
NY Fed Hires Goldman's Avery as CDO
Linda Avery, a Goldman Sachs data operations technology executive for about 20 years, begins as chief data officer for the Federal Reserve Bank of New York on July 28
The Wheel Keeps on Turning
Thoughts on recovery in the fi-tech space to open the week.
Updata Powers Energy Feed with NGX Data
UK-based technical analysis software provider Updata has added futures and index data from Canada’s Alberta-based Natural Gas Exchange (NGX) to its Professional analytics workstation to provide natural gas and commodities traders with prices for illiquid…
Opening Cross: Strength in Numbers—A History Lesson in Surviving The Data Purge
This week, our New York office has been gearing up for Purge Day, when we purge our desks of papers and items that we no longer need, and in return the company buys us a pizza lunch. In preparing for Purge Day, clearing out a closet of old copies of…
NuPont Integrates Aussie Tech Firm for Asia-Pac IT Support Services
Market data and technology product and marketing consultancy NuPont is planning to begin offering technical support and development services via an operation in Australia to provide support for consulting clients seeking to expand into new markets.
Canadian Market Participants Skeptical of Proposed Exchange Data Fee Regulation
Proposed regulations in Canada to curb the fees that Canadian trading venues can charge for their real-time market data have received mixed reactions from market participants, who are unconvinced that the new proposals will significantly reduce the cost…
Internal Dark Pools—Into Darkness?
This week, trading on Barclays' US-based LX platform fell off a cliff after a lawsuit was filed alleging high-frequency (HFT) manipulation at the venue. Is the buy side finally spooked?
Velocimetrics Nabs TS-A Sales Head Woolhouse
Latency monitoring technology provider Velocimetrics has hired former TS-Associates sales head Adam Woolhouse as strategic account manager, responsible for global account development and client relationship strategy.
Saxo Bank Appoints Bressan as Equity Products Chief
Saxo Bank has announced that Alessandro Bressan will become its global head of equity products.