Emerging Technologies
Trading-Floor Synergies for Thomson, Reuters?
NEW YORK—Although the recently announced acquisition of Reuters by Thomson Corp. may lead to consolidation in market data distribution, industry insiders tell DWT that they expect to see the proposed merger leading to new synergies on the trading floor.
Credit Suisse Lightens Data Load
Credit Suisse is moving applications that consume and distribute data onto a publish-and-subscribe messaging environment as part of a drive to optimize data distribution.
Vietnam Exchange Enlists NextView for International Data Distribution
Singapore-based data vendor NextView signed an MOU with Vietnamese stock exchange the Ho Chi Minh Securities Trading Center (HSTC), last Friday, May 4, to distribute the exchange's data to foreign and domestic investors via NextView's terminals and data…
Key promotions in the financial IT arena.
POSITION KEEPING
Fidessa bags LatentZero for £63 million
London-based sell-side vendor Fidessa, formerly known as royalblue, has pulled off something of a coup by acquiring one of the leading lights in the asset management technology space, front-office soft-ware vendor, LatentZero. The deal is reported to be…
Interactive Data Prepares MiFID Offerings
Interactive Data last week announced that it is developing a series of products to help clients comply with the European Commission's Markets in Financial Instruments Directive (MiFID).
Currency Hampers Reuters Revival
US vendors found first-quarter revenues boosted by currency fluctuations last week, while UK-based Reuters was frustrated by a near-eight percent negative impact from foreign exchange, which dragged reported revenues down by just over one percent—even…
Panel: Mifid Offerings Clog Market
LONDON—New market facilities and services that are popping up in the face of the E.U.'s Markets in Financial Instruments Directive (Mifid) are becoming giant question marks for the financial community, industry watchers say.
Eccleston to Reposition Pivot
Lou Eccleston, the new chief executive of US software vendor Pivot Solutions, has outlined plans to refocus the vendor as a broad provider of collaborative information solutions rather than just being known for its IMTrader messaging platform.
Interfax, Finmarket Integrate Terminals
Moscow-based news and data agency Interfax Information Services Group is planning to consolidate data products and make its content available over the Internet via a deal to acquire 90 percent of Finmarket, a provider of Russian market data Web sites.
Interactive Buys Xcitek Data Arm
Interactive Data last week announced that it will buy the market data business of corporate actions data vendor Xcitek for $25.3 million and combine it with Interactive's Pricing and Reference Data division.
FISD to Weigh on Data Standards
US industry association the FISD has begun the process of setting up a standards steering committee to give FISD members a greater voice on the development of industry standard organizations and provide structured feedback to members.