Organization & strategy
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…
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…
Millistream Begins Nordic Expansion With Interactive Data Deal
Gothenburg-based data vendor Millistream Market Data is establishing a local sales and support organization across the Nordic region and has broadened the range of data that it offers via a recent partnership with Interactive Data-though Millistream…
Thomson Reuters Raids JPM Pricing Direct
Thomson Reuters has poached key staff from JP Morgan's Pricing Direct evaluated pricing arm in New York, in a bid to grow its own derivatives and structured finance pricing business.
Vhayu ‘Central' to Reuters Tech Strategy
Thomson Reuters is to make Vhayu's Velocity tick database available as a hosted service, as well as using it to provide a key component of its next-generation "common platform" data desktop, following its purchase of the Los Gatos, Calif.-based tick data…
Priory Taps Muzinic for Financial Play
London-based Priory Solutions, a provider of software for monitoring electronic information content usage by legal firms, is bringing its Research Monitor products to the financial services industry, to monitor usage of non-real-time research and…
FTEN Preps Europe Partners
New York-based market data, trading and risk technology vendor FTEN is enlisting partners to provide European data and connectivity, having already bolstered its European offering with connections to exchanges and trading venues in the region.
ClearSight Rethinks Cronos Latency Product
Fremont, Calif.-based network monitoring provider ClearSight Networks has suspended development of version 2.0 of its Cronos execution latency monitoring product as a result of the current economic downturn, officials say.
Statpro Targets Euro Data Market
UK-based buy-side technology and data vendor Statpro plans to expand its end-of-day and intraday pricing business in Europe and broaden its coverage of index data to support its performance attribution analytics.
AOL Pulls Plug on Relegence Business
Internet service provider AOL is closing the Relegence news analytics business that it acquired in 2006 ( IMD , Nov. 13, 2006). Commercial operations in New York and London will be closed on July 15, though AOL will continue to support the Relegence…