Category: MDI-The CorporationOn 18 Apr 2008 in MDI-The Corporation, Market Data Insight 
The market data business’s biggest ever deal closed this week, with Thomson Corp completing its acquisition of Reuters to create a $12.4 billion giant to be called Thomson Reuters.
On 18 Apr 2008 in MDI-News in Brief, MDI-The Corporation, Market Data Insight
Alphacet has formed a partnership with OneMarketData (OMD), in which OMD’s OneTick solution for tick data management and analytics will be included as a fully integrated feature of Alphacet Discovery, the straight through processing solution for quantitative strategy development and deployment. The commercial launch of Alphacet Discovery, which has been in development and testing for more than four years, is planned for Q2 2008.
On 18 Apr 2008 in MDI-The Corporation, Market Data Insight
Activ Financial has teamed up with Capital Markets Consulting (CMC) to refer prospective clients to each other. Having initially been introduced to CMC through a client relationship, Activ has been working with the consulting firm on commercial projects for about a year, according to Frank Piasecki, president of Activ Financial.
On 18 Apr 2008 in MDI-The Corporation, Market Data Insight
CME Group has acquired credit data specialist CMA, the culmination of a commercial relationship that has developed over the past year, with CMA distributing CME Group’s CDR Liquid 50 NAIG Index futures prices. Discussions around the potential for an acquisition began in the fourth quarter of 2007.
On 18 Apr 2008 in MDI-The Corporation, Market Data Insight
Xinhua Finance has engaged investment bank Gleacher Partners to “explore a range of alternatives to unlock the value in Xinhua Finance’s portfolio of assets”.
On 13 Mar 2008 in MDI-The Corporation, Market Data Insight
As expected, the European Union last month approved Thomson Corp.’s proposed acquisition of Reuters, having accepted the so-called remedies package put forward by the two data vendors to assuage EU competition concerns.
On 13 Mar 2008 in MDI-News in Brief, MDI-The Corporation, Market Data Insight
NYSE Euronext has completed its $200 million acquisition of Wombat Financial Software, provider of market data management solutions, announced on January 14 (Market Data Insight, January 2008). Wombat will join TransactTools as part of the newly formed NYSE Euronext Advanced Trading Solutions division.
On 13 Mar 2008 in MDI-The Corporation, Market Data Insight
Vwd group, the German full-service provider of information, communications and technology solutions for the securities business, is taking over Tijd Nederland BV (TBM) from the Belgian media group Mediafin in a deal worth around EUR7 million.
On 13 Mar 2008 in MDI-The Corporation, Market Data Insight
New Jersey-based Acquire Media, a specialist supplier of news feeds for traders and algorithmic systems, has opened a London office to cover sales and technical support for the international market.
On 13 Mar 2008 in MDI-The Corporation, Market Data Insight
Reuters CEO Tom Glocer and his team will doubtless have breathed a collective sigh of relief this month with the publication of 2007 preliminary results that bear up to the profit estimates they provided Thomson Corp. in relation to the proposed takeover by the latter of the former. But then, the figures never were going to come in below estimates, were they?
On 15 Feb 2008 in MDI-The Corporation, Market Data Insight
Employees of Thomson Financial and Reuters will doubtless have been relieved (or not) by last week’s long-awaited announcements by business line heads of their respective leadership teams. In line with our assessment that the merger is in essence a reverse of Reuters into Thomson (notwithstanding Thomson’s ‘other’ activities in legal, scientific and so on), Reuters staff will take the lion’s share of the plum jobs in all the most important business units but one – Investment & Advisory (read: buy side, an area where Reuters has been traditionally weakest).
On 30 Jan 2008 in MDI-The Corporation, Market Data Insight
Reuters’ acquisition of London-based Gissing Group, which closed this month, appears to provide the big UK market data vendor with an obvious migration path for clients of its Open Contribution System (OCS), which is in the process of being put out to pasture. But the cash deal – estimated by some at around £10 million – also gives Reuters access to some handy widgets and industry expertise, some of which could prove very useful to some in Gissing’s new corporate home: somewhat surprisingly, Reuters Sales & Trading.
On 12 Dec 2007 in MDI-The Corporation, Market Data Insight
As Market Data Insight went to press, the European Commission Competition Designate General was due to receive industry responses to a set of remedies proposed by Reuters and Thomson earlier this month in an attempt to assuage EU anti-competition regulators’ fears about the impact of the two data vendors’ proposed merger.
On 28 Nov 2007 in MDI-The Corporation, Market Data Insight
Reuters executives were suitably coy about the status of its takeover by Thomson Corp. in their most recent pronouncement on the topic at the third-quarter results analyst meeting. Devin Wenig, Reuters COO and CEO-in-waiting of the post-merger Reuters, however, appears to have made some progress in his thinking of how the combined entity might look, having issued a number of internal communications that set both the structure of the company going forward and the executives he has identified to populate Reuters’ future executive and operating committees.
On 23 Oct 2007 in MDI-The Corporation, Market Data Insight
The European Commission’s “in-depth investigation into Thomson’s takeover of Reuters” – announced earlier this month – is only to be expected. Whether it will put a dampener on things – by either quashing the deal or insisting on some very visible ‘sacrifice’ by the parties involved – remains to be seen.
On 23 Oct 2007 in MDI-The Corporation, Market Data Insight
Interactive Data’s recent restructuring is designed to enable it to “walk the talk” of its “one company” image, according to Ray D’Arcy, its president of sales and marketing, under whom the previously separate Pricing and Reference Data and Real-Time Services sales, client relationship management and client service organisations will now be unified.
On 01 Sep 2007 in MDI-The Corporation, Market Data Insight
Reuters and Thomson Corp. have set the clock ticking on the EU’s regulatory process relating to Thomson’s proposed £8.7 billion acquisition of the U.K. market data vendor. The two filed details of their plans for the transaction with the EU on September 3; the filing means that EU regulators have provisionally until October 8 to decide whether to launch a detailed investigation of the proposed acquisition.
On 01 Jul 2007 in MDI-The Corporation, Market Data Insight
Perhaps there’s something in the water.
As Londoners face the prospect of 18 months without a summer, traditionally conservative Swiss data vendor Telekurs has made an unseasonable splash with plans to acquire its former French redistributor Fininfo S.A. Meanwhile, undeterred by the swathe of dark cloud that appears to have settled over the northern half of its country, French exchange gateway supplier GL Trade has plunged right into the market data space with its purchase of Swiss financial information distributor Infotec.
On 01 Jul 2007 in MDI-The Corporation, Market Data Insight
The vultures may be circling, but they’re not sure what they’re getting for dinner. The only thing that’s certain is that some naysayers are going to be eating crow.
On 01 Jul 2007 in MDI-The Corporation, Market Data Insight
As Market Data Insight went to press, the board of U.K. market data technology vendor CMS WebView agreed at an extraordinary general meeting that the business be placed under voluntary liquidation.
