A-Team Insight Blogs The latest content from across the platform
STAC Benchmarks IBM’s Hadoop
STAC – aka the Securities Technology Analysis Center – has benchmarked IBM’s proprietary Platform Symphony implementation of Hadoop MapReduce, versus the standard open source offering, to compare their respective performance. On average, IBM’s implementation performed jobs 7.3 times faster than the standard, reducing total processing time by a factor of six. Better known for its…
Q&A: Thomson Reuters’ Rich Brown on Machine Readable News, Social Media and Sentiment
BigDataForFinance.com’s sister community – Low-Latency.com – just conducted an insightful Q&A with Rich Brown, who leads machine readable news programs at Thomson Reuters. It’s a topic that spans both low latency and big data, and you can read it here.
Nordea Asset Management Taps Markit EDM for Security Master Management
The asset management arm of Scandinavian financial services group Nordea has implemented Markit’s enterprise data management (EDM) software to master its static data. Nordea selected the Markit solution, which was acquired with Cadis Software earlier this year, after an extensive search of potential solutions and a proof of concept. An incumbent vendor solution was not…
McObject, Dell, Mellanox, Kove Set Record STAC-M3 Benchmarks
McObject with its eXtremeDB Financial Edition database has set record STAC-M3 benchmarks running on a hardware platform provided by Dell, Mellanox and Kove. eXtremeDB is just the second database to be featured in published STAC-M3 benchmarks, the other being Kx Systems’ kdb+. STAC-M3 – as administered and audited along with other benchmarks by the Securities…
MarketAxess Pledges Investment in Xtrakter after Acquisition from Euroclear
The agreement between MarketAxess and Euroclear under which the former will acquire the latter’s Xtrakter subsidiary is expected to strengthen MarketAxess’ products and position in European markets, and clear the decks for Euroclear to concentrate on developing core services. The deal includes payment of £25 million ($42 million) in cash and the transfer of 70…
Talking Reference Data with Andrew Delaney: Frying Pan – Fire
Two major financial data providers announced their third-quarter results in the past few days. A bit of minor drill-down suggests that reference data and related services are playing a significant role and could point the way forward to future growth. The latest numbers from NYSE Euronext, which reported its third-quarter earnings this week, don’t look…
G20 Endorses Next Phase of Global LEI System Development as March 2013 Deadline Looms
The creation of a global legal entity identifier (LEI) system under the watchful eye of the Financial Stability Board has taken a major step forwards with the endorsement by G20 financial ministers and central bank governors on Monday 5 November of the Regulatory Oversight Committee (ROC) for the system. While G20 approval for the charter…
Q&A: Bruce Tolley of Solarflare on Customised Compute
Marrying compute power with low-latency network communications is increasingly necessary for financial applications looking to combine intelligence with outright speed. IntelligentTradingTechnology.com spoke with Bruce Tolley, vice president of solutions marketing at Solarflare Communications to get his take on this emerging trend. Q: What is the ApplicationOnload Engine (AOE), and how is it related to your…
Nasdaq Looks to Wireless For Data Connectivity
The Nasdaq Stock Market plans to distribute its data feeds via a low-latency wireless service, and to offer wireless-delivered data to trading firms located at its Carteret, NJ co-location facility. Those plans are outlined in a filing that the exchange is required to make with the Securities and Exchange Commission (SEC) relating to establishing fees…
Nasdaq OMX Plans to Add Mergent’s Indxis Services as it Builds Out Index Business
Nasdaq OMX plans to build out its index provision through the acquisition of Mergent subsidiary Indxis, a vendor of index services including creation, licensing and calculation. Terms of the acquisition have not been disclosed, but the deal is described by Nasdaq OMX as a strategic move in a mission the company has been on over…