Organization & strategy
StarMine Buy Bolsters Reuters Analytics
Reuters is planning to use the recent acquisition of San Francisco-based equity analytics and research performance data provider StarMine to develop new analytics on Reuters' data sets and to broaden its offering for buy-side firms.
S&P's Rieger Defects to… S&P
JR Rieger, former vice president of securities evaluations at Standard & Poor's, has taken on a new role within a different department of the ratings agency and data vendor, after two weeks of confusion about his position.
Banks Scuttle Yellow Submarine
Project Yellow Submarine, a consortium of four continental European banks, has halted the process of selecting a vendor partner following a lack of management support at the banks pursuing the initiative, according to sources familiar with the situation.
Murdoch: No DJ Sell-Offs or Layoffs
News Corporation chairman and chief executive Rupert Murdoch last week committed to preserve the businesses and staff of Dow Jones, and to expand its real-time information business against key news rivals Reuters and Bloomberg, during News Corp.'s Q4…
KTS-Arcontech Targets In-House Deploys
UK data display software vendor Knowledge Technology Solutions last week bought Arcontech, a London-based provider of feed handlers and market data technology, in a move intended to accelerate KTS's strategy of licensing its browser-based data software…
Dow Jones Talks Up News Corp. Buy
News Corp. chairman and chief executive Rupert Murdoch is expected to outline his company's plans for the businesses of Dow Jones at News Corp.'s financial results presentation this week, following the media empire's $5.6 billion acquisition of Dow Jones…
Vendors Continue Growth Path; Thomson-Reuters on Track for Regulatory Approval
Reuters, Thomson and Interactive Data each reported positive results for the second quarter of 2007 last week, and predicted a continuation of benign operating conditions for the market data industry. Revenue and profit growth was a theme across the…
Bloomberg Shuffles 'Specialist' Sales
Bloomberg has reorganized the structure of its sales operations in a move designed to reduce management and reinforce its core terminal sales area as the main channel for customer sales activity, sources tell Inside Market Data .
Indian Buyer to Boost Yipes Market Coverage
San Francisco-based Ethernet provider Yipes Enterprise Services plans to roll out its services to 36 new countries and to double its coverage of the US market as a result of its $300 million acquisition by Indian telecommunications service provider…
Euro Vendor Mergers Grab Market Share
The race to snap up market share beneath the proposed combination of Thomson and Reuters via consolidation has begun, with two mergers between French and Swiss data vendors unveiled within the space of five days—Telekurs Financial's purchase of French…
CMS Webview Considers Liquidation
UK-based ticker plant and market data technology vendor CMS Webview may be forced to fold later this month when shareholders vote on whether to place the vendor in voluntary liquidation, after failing to make new sales of its TDI ticker plant software.
Acquire Media Buys NewsEdge as Thomson Continues Divestments
Acquire Media, a Roseland, NJ-based provider of news distribution and management systems, is hoping to expand its potential customer base as the result of buying the NewsEdge consolidated news service from Thomson Corp. for an undisclosed sum last week.
MicrocapTrade Re-brands, Expands
MicrocapTrade, a Montreal-based provider of data on micro and small-cap stocks, is expanding its coverage to include larger and international markets, and is changing its name to reflect the new, expanded focus.
Q-Wixx Targets CDS Data Transparency
Q-Wixx, a new credit derivatives trading platform created by interdealer broker Creditex and a number of bank partners, will improve price discovery for trading lists of single-name credit default swaps (CDSs) by automating the process of gathering…
Pivot Preps Integrated "360 Workspace"
Pivot Solutions, developer of the IMTrader FIX-enabled trader messaging system, will unveil a new strategy to reposition itself as an "institutional-strength collaboration vehicle" at the upcoming SIFMA Technology Management conference, according to…
West Highland, CJC Join Forces for Global Support Services
West Highland Support Services, a New York-based provider of market data support and remote system management services, is preparing to unveil an agreement with CJC, a London-based consultancy providing market data consulting, administration and…
eSpeed-BGC Deal Drives New Data
The pending buyout of Cantor Fitzgerald's voice-broking spin-off BGC Partners by Cantor's electronic trading subsidiary eSpeed is expected to generate a wealth of new market data products as a result of combining the two businesses.
West Highland, CJC Join Forces for Global Support Services
West Highland Support Services, a New York-based provider of market data support and remote system management services, is preparing to unveil an agreement with CJC, a London-based consultancy providing market data consulting, administration and…
Telekurs to Merge with SWX, SIS
The SWX Swiss Exchange is expected to combine elements of its data infrastructure with those of data vendor and payment services provider Telekurs Group under plans for a three-way merger announced by the exchange last week that also incorporates…