Organization & strategy
DJ Cuts Tech Staff in Outsourcing Play
Dow Jones will this month begin laying off 90 staff in its technology and operations department, following a decision to outsource some of its underlying group technology and support functions to Indian offshore development and IT outsourcing provider…
Thomson Reuters Touts Custom Solutions
Thomson Reuters is combining its products for pricing, analytics and risk management to provide valuation risk solutions customized to client needs, to address the challenges of valuing complex securities and provide a comprehensive view of risk exposure.
S&P Integrates, Rebrands, Targets Structured Products
Standard & Poor's new Fixed Income Risk Management Services (FIRMS) unit is rebranding disparate products under a unified umbrella to reflect their integration into a single business unit, and is building a solution to enable clients to easily integrate…
Thomson Reuters Braces for Cuts
Thomson Reuters is set to announce a swathe of redundancies this week that will reduce duplicative roles created by the merger of Thomson Corp and Reuters, according to an internal memo distributed last week by Devin Wenig, chief executive of the vendor…
Wall Street Source Sues Thomson Reuters
New York-based news aggregator Wall Street Source has filed a lawsuit against Thomson Reuters, claiming that the former Thomson Financial breached its fiduciary duty as a stakeholder in WSS by poaching crucial staff and copying the vendor's products.
KTS to Exit Data Vendor Business
UK-based data and technology vendor Knowledge Technology Solutions is negotiating a sale of its MarketTerminal data display terminal subscriber base in order to focus operations on selling its underlying data platform technologies and related services,…
Thomson Reuters Seeks DLA Mergers
Thomson Reuters has begun contacting exchanges to consolidate the data license agreements (DLAs) previously held by Thomson Financial and Reuters into a single contract with each exchange for the merged vendor.
IBM Buys InfoDyne in Latency Play
Technology giant IBM last week snapped up Chicago-based feed handler and ticker plant vendor InfoDyne, in a bid to accelerate its low-latency data platform, WebSphere Front Office for Financial Markets.
Reuters Names "Quick Win" Combos
The newly merged Thomson Reuters has announced the first set of "quick win" product integrations that will combine Reuters and Thomson Financial services in the vendor's products, and plans to issue a detailed product consolidation roadmap before the end…
SuperD Names Senior Sales Execs
SuperDerivatives has appointed two new senior sales executives, completing the revamp of its sales operations that began with the hire of former Bloomberg exec Russel Levi as senior vice president of sales and support earlier this year ( IMD , Jan. 28).
Thomson, Reuters Merge; Name 'Wenig -3'
New Thomson-Reuters chief executive Tom Glocer set out his priorities for the merged business-a "flawless" integration, globalization, and a whole that is greater than the sum of its parts-following Thomson Corp.'s purchase of Reuters, which closed last…
Alphacet Integrates OMD Tick Database
Start-up quantitative analysis software vendor Alphacet has integrated OneTick, the real-time tick data management and analytics solution of OneMarketData into its upcoming Alphacet Discovery product, which enables quantitative analysts to create new…
CME Group Buys CMA for OTC Data Play
The Chicago Mercantile Exchange last week acquired bond and credit derivatives pricing vendor Credit Market Analysis for an undisclosed sum, in a bid to diversify its data offering and drive business to the CME's other services for over the counter…
Icap Reorganizes Info Services
Interdealer broker Icap has reshuffled its Information Services division, giving new responsibilities to some of the broker's senior data executives.
Pivot Preps $3M Expansion
Trade messaging and collaboration infrastructure technology provider Pivot has raised $3 million in new funding, to enable the vendor to expand its sales force and to fund development of new modules for its Pivot 360° platform, officials say.
Traderforce Builds US Team, Mulls Direct Feeds
French data vendor Traderforce plans to bolster its US presence by setting up a sales and support office in New York alongside a local datacenter, and is also looking at sourcing direct datafeeds to support latency-sensitive clients in the region.
Smith Signs On to Lead Data Explorers Expansion
Donal Smith, former senior executive at Thomson Financial and newly appointed chief executive of London-based securities lending data provider Data Explorers, plans to expand the vendor's business in response to increased demand for securities lending…
Berry Bows Out from Barclays Capital
Prominent market data industry professional David Berry has left his position as head of market data business management at Barclays Capital after only 18 months in the role, and as a result has suspended his participation in French market data consumer…
China Brokers Step Up FX Price Blackout
Distribution of market data on foreign exchange forwards and swaps in the Chinese interbank market has all but ceased as a result of broker anxiety over an opaque FX regulatory environment.
Reuters Unveils Credit Alerts, Bundled Valuations
Reuters last week unveiled two new data products-a system for generating alerts on credit-related events, and a new bundled valuation service-while at the same time launching an initiative to elicit feedback from industry participants on the best…