Emerging Technologies
Celoxica, Born Tech Offer Low-Latency CME Data
UK-based low-latency market data vendor Celoxica and US high-speed trading network supplier Born Technology have partnered to provide institutional traders with fast access to market data from CME Group.
OpenGamma Hires LCH Clearnet's Head of Risk Tech to Drive Clearing Push
Open-source risk management and analytics software vendor OpenGamma has made a number of new hires in its London office to support development of the margining platform it launched in November that aggregates data from different sources to support…
Opening Cross: Data Can Fix Problems, Not Just Fixings
With the Libor-rigging scandal still fresh in our memories, pay gaps widening, and the current furor raging over the merits and fairness of high-frequency trading, it’s no surprise that the capital markets have something of a perception problem among the…
Marex Spectron, Updata Partner on OTC Options Data
Commodities broker Marex Spectron is making pricing and charts for over-the-the-counter European commodity options available via UK-based technical analysis software vendor Updata’s Professional analytics workstation to enable mutual clients to perform…
Diliger Expands Procurement Platform Functions
Diliger, a London-based market startup data procurement platform, is adding new functionalities to its platform aimed at improving the procurement management cycle, officials say.
Long Live the King
With thoughts of royal abdication on his mind, Tim Bourgaize Murray pays his due respect to Anthony Malakian, and highlights what he'll be covering going forward.
J&J Issues RFP for UTP SIP Administrator
Management and market data consultancy Jordan & Jordan has issued an RFP on behalf of the UTP Operating Committee to identify potential administrators of the UTP consolidated feed's securities information processor, following Nasdaq's decision at the…
Markit to Increase Focus on Tax Services with CTI Acquisition
Markit's Michelle Trogni says the acquisition of the tax compliance software and services vendor will help her company to make tax "one of the cornerstones of the types of managed services that we offer"
US Senate Confirms CFTC Chair, Commissioners
The US Senate has confirmed the appointment of Timothy Massad as the chair of the Commodity Futures Trading Commission (CFTC), who replaces acting chair Mark Wetjen, while also approving the appointment of two further commissioners to bring the…
Markit Nabs Compliance-Solutions Provider CTI
Markit announced that it is acquiring software provider Compliance Technologies International (CTI) in order to strengthen its compliance and risk suite of products.
FX Tech Moves Forward Amid Scandals
Rocked by rate-rigging scandals and questions over manipulation of benchmarks, foreign exchange as an asset class has lost its luster for some. Partly as a result of these events, though, technology innovation is still growing for this unique market. By…
Blackstone Invests in Cloud Theory
The private equity firm has made a strategic investment in client relationship management solutions provider Cloud Theory.
Deutsche Börse MD+S Tools Up with Davis
Deutsche Börse's Market Data + Services division has appointed Caroline Davis as its new head of tools, a business line that offers on-demand access to cloud-hosted software applications for algorithm testing, regulatory reporting and other functions.
Texas-Sized Technology: Utimco CTO Uche Abalogu
Like many of its endowment brethren, $32.6 billion University of Texas Investment Management Company (Utimco), one of the more unique institutional investors in the US, has seen its data requirements and the need for seasoned in-house technical expertise…
Opening Cross: Everything Comes at a Cost, Even Cloud
Any discussion of return on investment relies on the ability to measure two things: the return generated, and the amount spent to achieve it. In the world of market data, the question is, “How much money can I make as a result of buying and using dataset…
Industry Split on Impact of ESMA Data Plan
Industry participants and experts seem divided over the likely outcome of European regulator the European Securities and Markets Association’s consultation process as well as over the impact of the provisions on end-users and data providers, after ESMA…
Max Bowie: Same Cloud, Different Crowd
With still as many viewpoints on cloud computing as there are implementations, can cost benefits trump security concerns? Max asks whether recent cloud migrations by US regulators Finra and the Securities and Exchange Commission will help overcome these…
Anthony Malakian: An Offer Technologists Can’t Refuse
Anthony says the business should drive new systems and software implementations. Technologists need to have an ear in the room and serve as advisors, but they shouldn’t be steering the decision-making process.
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
DataContent Bows SmartSuite Market Data Governance, Cost Analysis Service
UK- and Hong Kong-based data consultancy DataContent has created a data governance service, dubbed SmartSuite, that puts in place a series of processes for data consumers to establish relationships between datasets and their parent sources, and to…
Swift Opens Mexico City Office, Adds Executives
Ruben Galindo, previously of HSBC, and Ricardo Vigueras, previously of Banamex, have joined the messaging cooperative in its efforts to respond to increased demand in Latin America
SIX Financial Info Pushes FISD FIA Certification
The US arm of Swiss data vendor SIX Financial Information has begun mandating that its client-facing staff achieve industry association FISD's Financial Information Associate (FIA) professional certification, to demonstrate the expertise of its employees.
Former ISE Exec Soule Boards Redline
Jeff Soule, former head of market data at the International Securities Exchange, has joined Woburn, Mass.-based low-latency feed handler provider Redline Trading Solutions as vice president of business development, responsible for bringing new data…
Rimes Survey: Inconsistent Buy-Side Index, Benchmark Management
Competing priorities between data end-users and those in central management functions such as IT and operations are leading to inconsistent approaches to index and benchmark data management within buy-side firms, making it harder to improve data…