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StreamBase Lowers Latency, Speeds Up Development
With the release of version 7 of its complex event processing (CEP) offering, StreamBase Systems is taking a swipe at latency while addressing usability to make creation of applications faster and easy enough for a business user to tackle. Overall performance has apparently been improved by 20%, together with the introduction of fine-grain control of…
The Realization Group Partners with UnaVista to Deliver Post Trade Services
The Realization Group (TRG) announced today that it has selected UnaVista as a preferred partner in the TRG Post Trade Services solutions portfolio. UnaVista is the London Stock Exchange’s secure hosted platform for all validation, matching and reconciliation needs. UnaVista offers a number of solutions including Post Trade services, Data Solutions and Reconciliations. TRG have…
Attendees Cover Old Ground Regarding the BIC at Swift’s LEI Meeting
This morning’s discussions at Swift’s London HQ indicate that some corners of the industry are not willing to give up on the notion of a reworked version of the Bank Identifier Code (BIC) becoming a legal entity identifier for the purposes of the global regulatory community. Swift itself may have moved on (and is now…
More on Recent News from Spread Networks
I’m pretty focused on A-Team’s “Business & Technology of Low-Latency Trading” events coming up in London in less than two weeks, and in New York City at the month end. We’ll have Brennan Carley of Spread Networks on a panel in NYC, and so I’m reminded that Spread has put out a couple of interesting…
GlobeOp Hedge Fund Index Offers First Independent, Timely Window on Liquidity and Investor Sentiment
GlobeOp Financial Services will offer an independent monthly window into hedge fund capital flows with the launch next week of the first in a planned series of GlobeOp Hedge Fund Indices. “There is a real lack of independently confirmed industry data against which hedge fund managers and investors can benchmark their allocations and performance,” said…
Netik Signs as Elite Index Data Partner with NASDAQ OMX
Netik, a global provider of financial data management and reporting services and products, today announces that it has been signed as an Elite Index Data Partner with NASDAQ OMX, the world’s largest exchange company and global leader in creating and licensing benchmark indexes. Netik offers the full suite of data for all NASDAQ OMX indexes…
NYSE+Nasdaq … The Platform Play
So as somewhat expected, Nasdaq OMX is making a play for NYSE Euronext, pulling in IntercontinentalExchange as a partner, and offering a good premium over Deutsche Boerse’s bid. Regulatory issues – which are likely to be significant for both bids – aside, the Nasdaq/ICE bid looks credible on paper. But what does it say –…
The Left Hand Isn’t Talking to the Right
This week saw the issue of legal entity identification raised within a number of forums, but the discussions during these various events seemed to indicate a degree of disparity between European and US approaches to the space. Moreover, they also highlighted a trend I noted back in December last year that the data management community’s efforts…
UK FSA Reiterates its Commitment to Move from FRN IDs to the BIC for Transaction Reporting by End 2011
In its latest Market Watch newsletter the UK Financial Services Authority (FSA) reiterates its intention to move from its proprietary FSA Reference Numbers (FRNs) to Swift’s Bank Identifier Codes (BICs) for entity identification purposes within transaction reports, as required under MiFID. In keeping with its discussions with the industry on the subject over the last…
Broadridge Financial Solutions CEO Calls for Nationwide Effort to Increase Individual Shareholder Voting
In remarks before the National Press Club this morning, the chief executive of the nation’s largest shareholder communications company called on all CEOs to encourage individual shareholders, including employee shareholders, to vote their proxies. “In 2010, just one in 20 individual retail investors voiced their opinions about the companies they invested in by exercising their…