Emerging Technologies
IEX Mulls Public Exchange Options
IEX, the start-up trading venue founded by former RBC trader, Brad Katsuyama, wants to institutionalize fairness and curb predatory trading by eliminating the speed advantage that high-frequency trading (HFT) firms have over smaller institutional…
Barclays Africa Goes Live on EquiLend
Johannesburg-based Absa Bank, a subsidiary of Barclays Africa, has become South Africa’s first domestic bank to execute a securities finance trade on the EquiLend trading platform. The move marks a progression toward the automation of Absa’s trading and…
Canid AM Appoints Hughes as Technical Director, Partner
The boutique long-short equities shop based in Silicon Valley has brought on Fred Hughes to lead its technology strategy.
World'Vest Base Builds Sharia Index for Egyptian Islamic Finance Association
The Egyptian Islamic Finance Association (EIFA), a Cairo-based Islamic banking organization, has rolled out an index of sharia-compliant Egyptian stocks compiled by company information and research provider World'Vest Base, with the goal of attracting…
In Six Months, Ransomware Fear Has Grown
Successful cyber attacks on financial institutions have traditionally resulted in a theft of data, disruption of trading activity or websites - as in a DDOS attack - or a manipulation of internal company operations as a means of hurting the business.
Fatca Goes Live—Massive Mess, or Much Ado About Nothing?
This week's deadline for compliance with the Foreign Account Tax Compliance Act, or Fatca as it's better known, came and went with a relative whimper—if also with a little purple prose. What to make of it, Tim wonders?
Investit Adds John Boyce to its Roster
London-based consultancy Investit has hired John Boyce to help grow its technology consulting, data and benchmarking services.
RVS Appoints Elmer New CEO
Rate Validation Services, a provider of benchmark rate pricing services with offices in Singapore, London and Australia, recently named Lachlan Elmer chief executive, following the departure of former CEO Kevin Milne earlier this year.
Cinnober Takes Helm of Boat
Cinnober has acquired Markit Trade Reporting, dubbed Boat, from Markit. Starting today Cinnober will take control of Boat's European trade reporting service after Markit earlier this year announced it would no longer support the service.
BOAT Sails from Markit to Cinnober
Cinnober, a Swedish provider of exchange trading platforms and related market technologies, has acquired the Markit Trade Reporting service (also known as BOAT), and has taken over full responsibility for the over-the-counter trade reporting platform and…
Thomson Reuters to Step Up UBS Index Data Integration, Post-Acquisition
Thomson Reuters says it will continue to distribute data on the UBS Convertible Indexes via its Eikon terminal, Elektron network and datafeeds, after acquiring the convertible bond benchmarks from UBS, renaming them the Thomson Reuters Convertible…
Informa IS Adds Nasdaq Indexes to Fund Management Platforms
New York-based investment technology provider Informa Investment Solutions, a subsidiary of UK publisher Informa, is adding index data from Nasdaq OMX to its Zephyr StyleAdvisor and PSN Enterprise products, to provide its customer base of consultants and…
Bannocks Leaves Barclays, Sets Up Consultancy
After holding senior data management roles at Barclays, Nomura and Thomson Reuters, Chris Bannocks has set up a consultancy that provides services for financial institutions and technology vendors
Startup Trendrating Gets $1M Funding Boost
Switzerland-based Trendrating, a provider of price trend and momentum ratings for equities, exchange-traded funds, indexes and currencies, has raised $1 million in seed funding--including an undisclosed sum from the investment fund run by former Thomson…
The Acquisition: Japan Exchange Group CIO Yoshinori Suzuki
Yoshinori Suzuki, CIO of Japan Exchange Group, has overseen a massive technology overhaul during his tenure at the organization—but it’s an overhaul that he never expected to be in charge of just a few years ago. By Anthony Malakian, with photos by James…
Bloomberg Names Bigley Global CMO
Bloomberg has promoted Deirdre Bigley to the role of global chief marketing officer, responsible for overseeing international marketing strategy for the vendor's products and services.
At Integral, New Appointments for Barker, Farrell Ahead of Product Refresh
The FX platform has given new responsibilities to Jon Barker, now managing director of products, and hired Richard Farrell as managing director, who replaces Barker as global head of sales.
SPN Alliance Connects to Volta
The SPN Alliance, a network of telecommunication providers, vendors and carriers, has completed the installation of its dark fiber connectivity into Volta Data Centre's London datacenter on Great Sutton Street to provide its members with improved…
Mergermarket Completes £26M Perfect Info Buy
Financial publisher Mergermarket Group has closed its acquisition of London-based corporate data provider Perfect Information for £26 million from business publisher Centaur Media.
Ingage Signs Four Asset Managers
Ingage, a new IT platform that aims to connect companies and investors directly to ease corporate access restrictions, has announced that Newton Investment Management, Majedie Asset Management, Pelham Capital and Union Bancaire Privee have joined the…
Opening Cross: Forget ‘Keep it Simple, Stupid.’ Think KIDD—’Keep it Diversified, Dummy"
The market data business is increasingly governed by the need to diversify to respond to market and investment trends. Trading firms seeking exposure to new opportunities diversify the datasets they consume in search of the one that will give them an…
VWD Adds Tullett US Bonds Data to Terminal
Frankfurt-based market data vendor VWD has added data on US Treasury bonds from Tullett Prebon Information, the data arm of interdealer broker Tullett Prebon, to its VWD Market Manager real-time data desktop application, in response to increasing demand…
UPDATE: LSE Eyes FTSE-Russell Index Data Combo
The London Stock Exchange plans to consolidate the index calculation and data distribution platforms of its FTSE index subsidiary with those of US-based index provider Russell Indexes—and may migrate the index platforms to proprietary LSE technologies,…
Max Bowie: Data Wizards Must Be Ready For an Unexpected Journey
The level of innovation among providers of data tools and services is often measured by the new products they create. But Max says innovation also takes place at the end-user level as firms find increasingly creative ways put those products to new and…