Tullett Prebon Information and Shanghai Wind Information (“Wind Info”), China’s integrated service provider of financial data and software, have signed a multi-year agreement for the supply of interest rate, fixed income and money and fx data to the Chinese market.

READ THE REST

Boerse Berlin’s Equiduct has released a pan-European VBBO (volume-weighted best bid & offer) real-time data feed and it has also selected low-latency market data and trading infrastructure connectivity provider Fixnetix to develop a feed for its Equiduct Trading platform. Equiduct Trading expects to launch later this year providing cross-border trading services.

READ THE REST

Following its implementation of Arcontech’s CityVision StarNet market data platform in 2005 (Market Data Insight, January 2005), Tradition Group has extended this system to manage contributions to Bloomberg in London. The Tokyo hub has also been rolled out, to support local contributions to a number of vendors in that region. The deployment is integrated with the London hub and provides data transfer between the locations. Other data collection hubs are in the process of roll-out. Currently the data platform collects data from 10 offices globally with further expansion planned for 2008.

READ THE REST

Interdealer broker ICAP’s real-time data is now available for use in enterprise-wide business applications through the Reuters Integrated Data Network (IDN), a high-performance network collecting, collating and distributing real-time market data.

READ THE REST

Singapore Exchange Limited (SGX) has launched an upgrade to its market data system SGX DerivativesQuote, powered by OMX’s next generation distribution system for market data, Genium Market Info. The new system enables SGX to enhance data dissemination services to market participants, allowing brokers and data vendors to offer more comprehensive data to their customers. Key benefits of the new system include its ability to support 10 levels of bid and ask sizes (compared to three previously), as well as calendar spreads data for all futures contracts on SGX (compared to only for Euroyen futures contract previously).

Winterflood Securities has extended its contract with Fixnetix, which currently provides direct market access trading service with connection to the London Stock Exchange via the Fixnetix low latency infrastructure, to receive LSE, Euronext and Xetra market data directly via Fixnetix to support its European trading desk and also to enable its direct market access service to connect to these additional exchanges.

READ THE REST

Quant House, provider of end-to-end systematic trading solutions, has selected Atrium Network to deliver its ultra low latency market data solutions to hedge funds. Atrium Network’s clients can now access the main European and US equity and derivatives markets by leveraging Quant House’s end-to-end low latency solutions including direct market access, feed handler technology and a proprietary fibre optic network for transatlantic data transport.

Fixnetix, provider of ultra low latency market data, has signed an agreement with Chi-X Europe to deliver market data and trading connectivity. Fixnetix has connected to the Chi-X matching engine with a roundtrip latency as low as 400 microseconds, it says. Fixnetix can deliver data in multiple formats with sub-millisecond data transformation if required, and deliver these services on the wire for ease of integration. Whether co-located using Fixnetix’s Source hosting partners or connecting via the company’s Ethernet and Fibre networks, Fixnetix reckons it ensures financial institutions can directly access both Chi-X and any competing European exchange gateway utilising Fixnetix ultra low latency point to point network connectivity.

OMX and BT have entered into an agreement under which market data from OMX Nordic Exchange will be distributed through BT’s financial services network. The solution will generate access to the complete information offerings from OMX market data, which contains more than 800 companies. BT will enable access to the Nordic Exchange’s market data to a community of more than 10,500 sites worldwide, which will help eliminate the need for thousands of point-to-point connections to existing and new firms interested in obtaining OMX market data.

Currenex has been added as a market centre on the Secure Financial Transaction Infrastructure (SFTI) from NYSE TransactTools, a subsidiary of NYSE Euronext. Through SFTI’s network, customers are able to receive market data and trade on Currenex using TCP/IP, XML and FIX. Currenex provides execution technology and access to liquidity for banks, corporations and hedge funds in the foreign exchange markets.

Responding to demand for greater “simplicity and portability” in exchange data provision, the London Metal Exchange (LME) has for the first time in its 131 year history launched its own real-time direct data product. LMElive includes full market information and price depth for the LME’s non-ferrous metals and plastics contracts across all trading platforms. From February 25 it will also incorporate price and market information for the exchange’s new steel billet contracts.

READ THE REST

Deutsche Börse’s newly available CEF ultra+ data feed, which supplies pre-trade and trade information on the international derivatives exchange Eurex, is billed as offering lower latency and greater data depth. CEF ultra+ uses a high performance protocol based on FIX 5.0, and requires no special hardware, according to the exchange.

READ THE REST

Stock exchanges have given the thumbs up to a new programme by Reuters to address the thorny issue of unauthorised data usage head-on. In what it claims is “a unique bid to add transparency to the reporting of market data usage”, Reuters has unveiled a programme under which software applications which have met Reuters’ qualification criteria will be permitted to display a “Reuters Open DACS Enabled” label. This will be accepted by leading exchanges as evidence that organisations are taking credible steps to ensure their data use is authorised, Reuters reckons.

READ THE REST

Thomson Financial’s strategic relationship with hedge fund order management platform supplier Paladyne Systems in fact belies an even more strategic initiative by the market data vendor to position itself as ‘vendor of record’ for applications providers seeking to embed market data into their applications. The move is aimed at offloading the complexity of exchange market data relationships from the software provider and/or its clients and on to Thomson, leveraging its existing exchange relationships.

READ THE REST

Markit’s release last month of its real-time Markit Quotes dealer pricing service is a strategic move that brings the supplier of portfolio valuations and OTC derivatives daily pricing services squarely into the front office environment. The service complements Markit’s existing end-of-day valuations services, but gives the real-time view of the marketplace required by traders.

READ THE REST

In an effort to encourage providers of real-time data to offer news and commentary on its markets, Hong Kong Exchanges and Clearing Limited (HKEx) has introduced a new editorial package with financial incentives for those vendors offering real-time data from its securities and derivatives markets to offer market news and analysis as well. The package is available to all vendors with inhouse teams that provide news, analysis or commentary, to complement the vendors’ real-time HKEx market data services.

READ THE REST

It’s the biggest story in the market data business. So why doesn’t it feel like it?

The answer probably lies somewhere in the surprise factor in Thomson Corp.’s £8 billion offer to acquire Reuters, in the ‘reverse’ nature of the proposed deal itself, and in the fact that most people in the industry – though they may not acknowledge it – are held in a kind of awe at the cleverness of the proposed arrangement.

READ THE REST

Reuters has become the first of the major market data vendors to step into the breach and offer up data solutions for the forthcoming EU Markets in Financial Instruments Directive (MiFID), which comes into force in November. With its MiFID offerings, to be announced this week, Reuters is leveraging its existing core business activities, and as such will be addressing the pre- and post-trade transparency requirements and those surrounding best execution.

READ THE REST

With its first round of funding in the bag, Equiduct – the rebranded Easdaq – has unveiled plans to launch market data services in the third quarter of this year, before its trading services come online about a year from now. CEO Bob Fuller says Equiduct “will be going in via standard industry routes” to get its market data.

READ THE REST

This month has seen significant activity among the European exchange sector as the major players gear up to leverage their market data product offerings and delivery capabilities to ward off the threat of newcomers under the forthcoming MiFID regulatory regime. The London Stock Exchange, Euronext and Deutsche Boerse have all announced MiFID- and data-related initiatives, while pretender Equiduct has secured its first round of financing and outlined plans to introduce its first market data services during the third quarter of this year.

READ THE REST