A-Team Group » Market Data Insight

Merrill Lynch Declares Losses, Confirms Sale of Bloomberg Shares for US$4.43bn

paulskeldon@paulskeldon.com — Fri, 18 Jul 2008 09:55:02 +0000

Wall Street investment bank Merrill Lynch yesterday confirmed a US$4.65 billion loss during its second quarter, bringing the total losses over the last year to US$19 billion. CEO John Thain also confirmed that the bank has sold its 20% stake in Bloomberg back to the financial news and data provider for US$4.43 billion, in order to offset the losses.

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Market Data Insight - Issue 76 - June 2008

sharon@a-teamgroup.com — Mon, 30 Jun 2008 09:02:16 +0000

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Xinhua Finance Flips Mergent, Kinetic To Focus on Chinese Marketplace

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:29:06 +0000

A little over a year after quietly acquiring it – and just a few weeks after replacing Fredy Bush as CEO – Xinhua Finance has agreed to sell Kinetic Information System Services, along with sister Xinhua unit Mergent Inc., to a private equity fund, Carousel Capital Partners III. The deal, valued at $93.5 million, makes good on Xinhua Finance’s recent strategic decision to shift emphasis to its Chinese operations, and emerged to coincide with the company’s annual general meeting on June 25.

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SEC Seeks Transparency Obligations Raise for Credit Ratings Agencies

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:26:24 +0000

This month’s release of the US Securities & Exchange Commission’s (SEC) proposals for overhauling the credit ratings business seek to increase transparency in the sector, which has come under fire for its alleged role in the ongoing global credit crisis. And as the US moves to force the dominant three ratings agencies to provide more information on how they assign their ratings, EU regulators too are making noises about jumping into the fray.

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First Word: Bloomberg Comings and Goings as Summer Descends

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:23:19 +0000

Has silly season kicked in early this year, or is it merely that the Sifma – formerly known as SIA show – was slightly ahead of the normal schedule?

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Skyler and Fixnetix Partner for Hosted Aggregated Order Book Service

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:18:13 +0000

Skyler Technology Europe has signed a partnership agreement with Fixnetix to jointly offer a hosted aggregated order book service for their mutual customer base, which includes banks, asset managers, hedge funds and exchanges. The Skyler C3 Liquidity Discovery solution aggregates the fragmented liquidity information delivered on the Fixnetix ultra low latency market data feeds into virtual aggregated order books to power smart order routing, algorithmic trading, and GUI based trading applications.

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IBM Achieves Record-Breaking Low-Latency Performance

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:17:01 +0000

The IBM research team has achieved latency as low as 7 microseconds using reliable multicast messaging over InfiniBand (compared to about 30 microseconds on InfiniBand in previously published IBM test results), in a series of tests. IBM has also verified sending more than 20 million messages per second using reliable multicast messaging over Infiniband, as compared to 8 million in previously announced IBM tests.

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Coral8 and NYSE Euronext Advanced Trading Solutions Introduce Coral8-Wombat Edition Software Package

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:16:12 +0000

Coral8 and Wombat, a member of NYSE Euronext Advanced Trading Solutions, have launched Coral8-Wombat Edition, a new integrated package of Coral8’s CEP platform for use with Wombat high-speed market data infrastructure. The Coral8-Wombat Edition is an integrated package containing the following: The Coral8 Engine (Server, Studio and Adapters); Wombat MAMA Input and Output Adapters; High-speed libraries for industry standard analytics such as VWAP, TWAP, Implied Volatility, Greeks and Black-Scholes; Pre-defined canonical quote and trade data schemas; and advanced trading solution examples in Coral8’s Continuous Computation Language (CCL).

Interactive Data’s Market-Q Terminal Adds New Features

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:15:13 +0000

Interactive Data Corporation has released a suite of enhancements to Market-Q, a Java browser-based, real-time streaming market data desktop terminal for financial institutions. Equipped with Dynamic Data Exchange (DDE), hot lists, drag-and-drop functionality and a host of other dynamic features, this new version of Market-Q enables users to effectively manage their financial investments.

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Credit Suisse Selects Corvil for Global Low-Latency Networking Deployment

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:06:19 +0000

Corvil, provider of latency management systems for trading network infrastructure, has announced a global deployment of its flagship CorvilNet product in Credit Suisse, one of the world’s leading banks. Corvil teamed with BT to deliver a best-in-class solution for automatic and continuous monitoring, analyzing and optimizing of the Credit Suisse network for low-latency. CorvilNet is specifically designed to monitor, analyze and optimize the network against ultra low latency objectives, including those on market data feeds.

Bats Unveils Top of Book Market Data Feed

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:05:22 +0000

BATS Trading has launched its new top of book market data feed; TOP. BATS TOP offers up to a 66% reduction in events and an 84% reduction in bandwidth compared to BATS’ PITCH market data feed. TOP, like other BATS’ market data offerings such as PITCH and FAST PITCH, is free of charge. BATS chief executive Joe Ratterman, comments: “If your firm’s trading applications only require top of book quotes and do not depend on depth of book, our new TOP protocol offers a significant reduction in required bandwidth and processing power.

LSE’s Performance Channels Cut Latency for Infolect Data’s Round Trip in the City of London to sub 1ms

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:04:28 +0000

The London Stock Exchange has gone live with Performance Channels, its new high speed delivery mechanism for Infolect data. The move continues the exchange’s investments in reducing latency of its data dissemination and trading platforms as it seeks to counter growing competition for liquidity from new and emerging alternative execution venues.

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Interactive Data Initiates CEO Succession Process As Clark Announces Plan to Retire Next Year

sharon@a-teamgroup.com — Mon, 30 Jun 2008 08:02:34 +0000

News that Interactive Data Corp. has initiated a CEO succession following Stuart Clark’s decision to retire as president and chief executive officer next year – hardly comes as surprise. Clark’s 60, and has spent 40 years with Interactive Data or one of its predecessor companies, 14 years as head of the company. The surprise, if you will, will be the identity of the lucky – or should we say worthy? – individual who emerges to fill his shoes.

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SWX Tests New Feeds in Support of Q4 SWXess Platform Deployment

sharon@a-teamgroup.com — Mon, 30 Jun 2008 07:56:43 +0000

SWX Swiss Exchange is in test phase for the new market data feed that will be used to disseminate high volumes of data from its new SWXess trading platform. SWXess platform, slated for a launch during the fourth quarter of 2008, will make use of four new interfaces to client systems as it seeks to replace the existing SWX Trading System.

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KTS Plans Spinoff of Market Terminal Clients to Focus on Software Solutions

sharon@a-teamgroup.com — Mon, 30 Jun 2008 07:54:52 +0000

Arcontech’s reverse takeover of Knowledge Technology Solutions appears to be complete. Parent company KTS this month agreed to sell its Market Terminal service’s subscriber base to Ionic Information in order to focus on the Arcontech CityVision market data software business.

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Kalahari’s Edward Maher Retires and Ralph Castro Named Managing Director, Americas

sharon@a-teamgroup.com — Mon, 30 Jun 2008 07:53:53 +0000

Kalahari, provider of a trading analytics production platform and ready-to-use real-time pricing solutions, has announced that New York based Edward Maher has retired from the company. Ralph Castro has been named managing director, Americas following Maher’s retirement. Prior to joining Kalahari, Castro held various technical posts from programmer, project manager and application engineer. In his new role, Castro will provide business, product and team leadership for Kalahari in the Americas. He will focus on enhancing the customer experience, revenue growth and efforts to strengthen Kalahari’s presence in the Americas.

Saxo Hires IT Expert Ronan and Market Data Specialist Thorball

sharon@a-teamgroup.com — Mon, 30 Jun 2008 07:53:00 +0000

Danish online investment bank Saxo has appointed Paul Ronan as head of enterprise architecture and Claus Thorball as head of global market data. In his newly created role, Ronan will be in charge of defining business and IT ventures, comprising business, application, technical and data architecture. Ronan joins from financial services consultancy Capco, where he was a partner following the acquisition of City Practitioners last year where he was senior consultant. Thorball, previously head of global data sales and of market data at Nasdaq OMX, will oversee Saxo Bank’s global market data activities, covering prices, news and reference data. Prior to Nasaq OMX Thorball was head of market data at the Copenhagen Stock Exchange which was acquired by OMX in 2005.

Fruition Partners Names Steve Dickey MD, Market Data Services

sharon@a-teamgroup.com — Mon, 30 Jun 2008 07:51:43 +0000

Fruition Partners, the Chicago based IT consulting firm, has hired Steve Dickey as its managing director of its newly formed Market Data Services division. Dickey, previously vice president of Market Data Products and Information at the Chicago Board of Trade, will be responsible for developing and growing the Market Data Services consulting division.

Market Data Insight - Issue 75 - May 2008

000000000@a-teamgroup.com — Mon, 19 May 2008 06:21:14 +0000

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Sybase Unveils RAP Data Management Platform for Trading Environment

sharon@a-teamgroup.com — Mon, 19 May 2008 04:08:38 +0000

The release of Sybase’s RAP – The Trading Edition marks a major initiative by the database management system supplier in the market data management sphere. Sybase hopes to leverage its status as default provider of RDBMSs to Wall Street in order to offer an all singing, all dancing data management platform.

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