TradingTech Insight Blogs The latest content from across the platform
MiFID Deadline May Slide Again; Does Buy Side Care?
Recent press reports suggest that MiFID’s implementation deadline will be pushed back to November 2007. EU member allegedly met on October 21 to discuss pushing back the deadline. Meanwhile, Investit, a buy-side consultancy, has warned that asset managers are unprepared for MiFID.
Markit RED Reaches 100 Customers Amid Flurry of Activity
Markit, a provider of pricing and valuations, has signed the 100th customer to its Reference Entity Database (RED), which provides reference entity and reference obligation identifiers for the credit default swaps market. The service, launched two years ago, has been actively adding clients and forming alliances with others vendors. Most recently Xenomorph (Reference Data Review,…
Transformer 2.3 Adds Support for FpML and ICMA TRAX 2005 Libraries
Trace Financial Ltd. has released version 2.3 of its Transformer data integration and message mediation platform. New to this version is support for FpML and ICMA TRAX 2005 message libraries. The new release also offers automatic web service deployment from within the Transformer development environment and a dynamic testing facility, either from files or databases,…
Xcitek Goes Live with First Cost Basis Client
Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost…
Algorithmics Partners with Banks For Credit Risk Data Initiative
Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…
Progress Real Time’s DataXtend Provides Data Integrity Capability
Progress Real Time, best known for its software for handling real-time complex event processing particularly in the electronic trading environment, has positioned a new product offering to exploit opportunities in the reference data environment. Progress Real Time this month launched its DataXtend line of infrastructure technologies, comprising a Replication Engine (RE) module and a Caching…
Standard & Poor’s Appoints James Price to Senior European Role
James Price has been appointed director of business development and marketing for Standard & Poor’s European Securities Services. Based in London, he reports to Krishna Biltoo, managing director of European data and information and oversees a team of five. Price’s main focus will be to raise Standard & Poor’s profile in the credit markets. He…
Growth Spurs Senior Management Shuffle at Xenomorph
Xenomorph, a provider of enterprise-wide data management platforms, has reorganized senior management. The company cites strong growth in credit data analytics, tick data storage and derivatives data management. Under the reshuffle, Brian Sentance becomes CEO and Greg Johnson becomes COO. Chris Budgen, Matthew Skinner and Mark Woodgate, all founder directors, are now chief technical architect,…
Mahoney Changes to Consulting Role for Cicada; Tse, Trostinsky Join
More changes at Cicada. Carole Mahoney, former vice president of European sales at Cicada, has left and taken on an external sales consulting role, working with both Cicada and CounterpartyLink. In this new position, Carole will focus on market intelligence and lead generation activities. Michael Tse has joined Cicada as sales liaison executive, providing pre-sales…
IDC Shuffles Senior Management
Interactive Data Corp., parent company of FT Interactive Data, has implemented a new corporate structure. John L. King has been elevated from chief operating officer of FT Interactive to occupy the same role across all IDC’s businesses, reporting to Stuart Clark, IDC’s president and chief executive officer. FT Interactive Data’s data delivery products president Raymond…