Emerging Technologies
Thomson Reuters Waives EU Consolidated Tape Fees
Thomson Reuters has waived the fees for its .XBO consolidated tape of European best bid and offer data to promote uptake among user firms, officials say.
Schnadig Takes the Helm at Tervela
NEW YORK-Hardware-based data accelerator vendor Tervela plans to announce that Eric Schnadig has taken on the role of CEO, filling the vacancy left by Robert Cramer, who stepped down from the post in January.
New Tervela CEO Eyes Expansion
Hardware messaging provider Tervela has named Eric Schnadig as its new chief executive, replacing founder Barry Thompson, who had served as interim CEO since the departure of predecessor Bob Cramer earlier this year ( IMD , Feb. 2).
Xasax Hits Funding Crisis, Seeks Buyer
Naples, Fla.-based proximity hosting, software and managed direct feeds provider Xasax is in the process of reorganizing its business after running into funding problems.
Thomson Reuters Buys Moody's Evaluations Arm
Moody's is preparing to close its evaluated pricing service, after agreeing a deal to sell the municipal bond pricing portion of the business to Thomson Reuters, which is in the process of expanding its own evaluations unit, Inside Market Data has…
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Modern History
ONLINE EXCLUSIVE
Getting Interactive
In March 2009, Raymond D'Arcy, former president, sales and marketing at Interactive Data, succeeded Stuart Clark as president and chief executive officer of the company. Inside Reference Data speaks to him about his role change, the firm's strategies and…
Activ Boosts Content Management, Sales
Low-latency data vendor Activ Financial is building a content management team to support its growing number of exchange data sources, and has expanded its sales team in response to growth in the high-frequency trading space.
Caplin Steps Up Quality Focus
UK-based data and trading technology vendor Caplin Systems has recently bolstered its software quality assurance (QA) function, which officials say has become of increasing strategic importance as a result of changes to the vendor's product focus and…
BT Shuffles Capital Markets Execs
LONDON-In an effort to fine tune the management of its recently launched Global Banking and Financial Markets (GB&FM) division, global telecom giant BT has made two new appointments, DWT has learned.
FIX Offerings Spur NYSE Technologies' Nyfix Purchase
NEW YORK-Nyfix's customer base and its FIX network community, Nyfix Marketplace, were the key drivers in NYSE Technologies, a wholly owned commercial technology division of NYSE Euronext, acquiring the global alternative trading system (ATS) operator and…
Instinet Ramps Up Options Coverage with Torc Buy
NEW YORK-Agency brokerage Instinet is in the midst of purchasing options trading platform provider and agency brokerage Torc Financial in a transaction that is expected to close in the coming weeks.