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US-based private equity firm General Atlantic has acquired a 7.5% stake in pricing and valuations supplier Markit, which is currently majority owned by a consortium of sell side and buy side firms, in return for a US$250 million investment in the company. A spokesperson from Markit confirms the details of the deal, which values the rapidly expanding data and post-trade services provider at around US$3.3 billion, to A-Team Insight.
Focusing on supporting low-latency, high throughput and scalable applications, Sybase has introduced version 15.5 of its Adaptive Server Enterprise (ASE) database, which includes a fully in-memory option to boost performance without the need to make application-level code changes.
The UK Financial Services Authority’s (FSA) February deadline for the introduction of the Alternative Instrument Identifiers (AII) is fast approaching and this week the regulator has granted Trax platform operator Xtrakter approval to regulatory report exchange traded derivatives (ETD) using the new identifiers. Jason Waight, Xtrakter’s recently appointed director of product management, explains to A-Team Insight that the development maintains its status as one of the two fully approved reporting mechanisms (ARMs) under MiFID.
US-based private equity firm General Atlantic has acquired a 7.5% stake in bank owned pricing and valuations supplier Markit in return for a US$250 million investment in the company. The stake values the rapidly expanding data and post-trade services provider at around US$3.3 billion and has meant General Atlantic CEO Bill Ford has bagged a seat on the vendor’s board.
Electronic Trading, Low Latency and Market Data
LSE, Turquoise, Baikal, TSE, US SEC, SS&C, Tradeware, Gain , Orc, Neonet, TMX Group, Interactive Data, 7ticks, Dow Jones, FPL, Citi, Colt’s.
Reference Data, Risk and Regulation IT
Interactive Data, Netik, Omgeo, Quantifi, Swift, Fincad, SAS, FSB, ISACA, STG, Joint Forum, OECD, SEC.
A-Team Insight_Issue 01_Jan2010 (1.9 MiB)
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Greenwich, Conn.-based private equity firm General Atlantic has acquired a “significant” minority stake in bank-owned pricing and valuations supplier Markit in return for a “substantial equity investment” in the company. While the size of the stake wasn’t disclosed, it’s significant enough to warrant a board seat for General Atlantic CEO Bill Ford.
Welcome to the January episode of the A-Team Insight Monthly Podcast! Each month A-Team Group updates you on the top stories we’re tracking, and what those stories could mean to you.
In our market data and electronic trading section, we look at activity in the exchange trading platform space, implications of a possible Interactive Data sale, SEC moves on naked access, the changes afoot in Dow Jones News, and latency monitoring.

















The recent restructuring of Standard & Poor’s Fixed Income Risk Management Services (FIRMS) division to combine its securities evaluations, valuations services and market research teams into one group is all part of the vendor’s strategy to provide a more joined up approach to the market, explains Lou Eccleston, FIRMS’ executive managing director, to A-Team Insight. The launch of the new Valuation & Risk Strategies group is a precursor to the introduction of the first in a line of cross market solutions in the second quarter of this year.

Latency - and keeping it low - remains a concern for the financial markets. We at A-Team know, because our latest poll at low-latency.com found that 80% of respondents reckoned it will be more of a concern in the future. With all this algo and high frequency trading going on, events in the world would seem to back up what people told us. That said, 15% said that latency would be less of a concern in the future. Perhaps those people are from the old guard exchanges, like London and NYSE, who have latency improvement plans in place.
View the full article on Low-Latency.com