A-Team Insight Blogs The latest content from across the platform
SIX Financial Partners Numerix to Add OTC Derivatives to Evaluated Pricing Service
SIX Financial Information has passed the first milestone on its roadmap for the Evaluated Pricing Service (EPS) it introduced in August 2012 by partnering Numerix to produce valuations for OTC derivatives. The outcome of the first phase of the partnership, EPS services covering interest rate swaps, credit default swaps and foreign exchange derivatives, went into…
Bloomberg Takes Steps to Build Enterprise Business with App Portal
Bloomberg is working with third-party software developers to populate the Bloomberg App Portal, a platform that extends Bloomberg’s offer to subscribers with added-value applications written by external providers and powered by data and news from the Bloomberg Professional service. The portal marks Bloomberg’s first major enterprise product introduction under the supervision of Stanley Young, CEO…
Cisco, AdvancedIO and MayStreet Accelerate Market Data
Following on from the recent ‘real-life’ benchmarking of its Nexus 3548 switch, Cisco Systems has published a white paper on accelerating market data, working with AdvancedIO Systems and MayStreet. In the white paper – available here – different architectures are considered, including processing market data by software on a server versus performing filtering on an…
FSB Clarifies Prefixes for Legal Entities Issued Ahead of the LEI and Allocates One for CICIs
The Financial Stability Board (FSB) has clarified the numbering scheme that must be used by organisations issuing entity identifiers that they want to transition into the global LEI system and allocated the first four-character prefix that is designed to support the transition of these identifiers. The prefix has been allocated to the DTCC and Swift…
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…