Opening Cross: This Valentine’s Day, Love Is in the Air… Or Is It Just More Snow?

I may be a child of the seventies, but I definitely identify most with the nineties, when there was so much great fodder for Valentine’s Day mix tapes or date movies in the theater. For example, 1991 and ’92 were great years musically, while 1994 was an awesome year for movies (Pulp Fiction, Forrest Gump, Speed and The Shawshank Redemption, to name a few). It was also a great year for figure skating, with heart-throbs Philippe Candeloro and Elvis Stojko, among others, all in their prime. With the winter Olympics in full swing, I’ve been reminded of their talents lately, and of how much things have changed since.
For example, this year’s winter games saw the introduction of new “slopestyle” events in the snowboarding competition—itself only included as an Olympic sport in 1998. In the data world, back in the nineties, Bloomberg was still the new kid on the block, chasing longer-established rivals Reuters, Telerate and Thomson Financial. Now, however, it’s Thomson Reuters reporting negative net sales in its Q4 2013 financial results and talking about exiting $40 million of “unprofitable revenues” as it struggles to achieve more than single-digit revenue growth. Compare this to Chicago-based data and investment research provider Morningstar, which—though not yet a threat to Thomson Reuters—managed to deliver profit increases that outstripped its revenue rises, despite being subject to the same market forces.
But it’s not just the Olympics making me think of winter sports: the current blanket of snow covering the US Eastern seaboard has me thinking of all things white (Shaun White?), such as—if it isn’t too much of a stretch—white-labeled software applications. For example, Danish foreign exchange data and trading workstation vendor NetDania, which has just upgraded its mobile app, is looking for new ways to expand the revenue base for its tools, including providing the app on a white-label basis to FX brokers seeking to offer mobile data and trading to corporate or institutional trader clients.
Similarly, FX charting and analysis provider TraderMade has just unveiled a completely web-based version of some of the data and tools available in its Maverick analysis workstation, as part of a strategy to combat waning interest in traditional deployed analytics workstations—a strategy that also includes developing a lightweight version of Maverick using HTML5 and focusing more on providing white-label solutions that brokers can offer to clients with their own branding, which in the past had been a “sideline” compared to sales of its core Java-based Maverick display, says TraderMade chief executive David Upton.
“We’ve been through a period of time when it has been very difficult to sell to our traditional institutional clients, because many of them are trying to rationalize services. I think that’s starting to turn around… but in the meantime, we’ve had to look at other ways to grow our business, because not only is there no growth—there are also significantly fewer people in the market than there were in 2008,” Upton says.
This rationalization process has implications for providers of niche add-on services. After all, if your core data and trading terminal offers analytics and commentary, why would you pay extra for another service that does the same thing? Thus, vendors need to differentiate themselves through innovation and by being hands-down better than the packages offered by those vendors, or they need to ally with those larger vendors and leverage their distribution mechanisms to reach potential clients. For example, decision support analytics provider Lucena Research last year rolled out its tools on Bloomberg’s app store of third-party add-on services to its Professional terminal, and has now been enlisted by the data giant to support custom development projects for Bloomberg clients.
And frankly, what better time for vendors to cozy up than around Valentine’s Day? Even if it doesn’t ward off the chilling effects of the economy, it may at least ward off the chill of the snowy weather.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Academic warns of systemic risk from AI-powered trading
Strategies generated by LLMs exhibit “very strange, correlated trading behavior”, says Lopez Lira.
Anthropic partners with S&P, TT to build AI hub, Talos acquires Coin Metrics, and more
The Waters Cooler: Bloomberg adopts agentic AI, DSB report homes in on fairer data costs, and asset managers are coming for your utilities in this week’s news roundup.
The Model Context Protocol brings agents to life—along with risk
Waters Wrap: From chat to infrastructure modernization, Anthropic’s MCP offers a ‘bridge’ to agentic AI, but its early days may prove disillusioning.
BofA ramps up AI deployment, patents
The bank has 1,400 patents in AI and machine learning, either granted or pending, alongside a growing portfolio of 250 models.
BNY CEO updates on ‘platform’ operating model, AI rollout
In its Q2 earnings call, the bank outlined its progress on rolling out its new operating model and ‘Eliza’ internal AI assistant.
NZX outlines plans to bolster fast-growing dark pool
Since launching one year ago, NZX’s dark book has 5.5% of the exchange’s total turnover, and price improvement per trade on average is 11 basis points, but the exchange has more in store.
Waters Wavelength Ep. 325: Octaura’s Brian Bejile
The CEO joins the podcast to talk about the vendor’s modernization efforts in credit and CLOs.
Agentic AI comes to Bloomberg Terminal via Anthropic protocol
The data giant’s ubiquitous terminal has been slowly opening up for years, but its latest enhancement represents a forward leap in what CTO Shawn Edwards calls, “the way we should talk to the world.”