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Would ICE Really Buy Bloomberg?

By Andrew Delaney. The London Stock Exchange’s planned $27 billion acquisition of Refinitiv – the former Reuters – got us thinking: who’s left of the independent market data vendors, and who would buy them? Of the major global vendors that have dominated the space over the past decade or so, only one independent remains. With…

BMLL Offers Access to Normalised Level 3 Data and Advanced Analytics at Scale

BMLL Technologies, a cloud-based data-engineering-as-a-service company, has released a derived data service that provides access to normalised, highly granular Level 3 data and advanced analytics. Typically, the company’s derived data capability can process 225 billion messages in a matter of hours rather than days at a significantly reduced cost, allowing market participants to consume bespoke…

ESMA Ratchets Up Pressure on Financial Markets to Develop a Consolidated Tape

The European Securities and Markets Authority (ESMA) is ratcheting up pressure on the EU’s financial services industry to develop a consolidated tape (CT) solution for equity instruments. The regulator sets out its views in a consultation paper that was published in mid-July and also reviews the cost of market data. The paper is the outcome…

Sterling Trading Tech Releases Market Data Entitlement System

Sterling Trading Tech has released a market data entitlement system, The Sterling Entitlement Manager, that allows Sterling and its clients to follow compliance regulations when onboarding subscribers by using an automated verification process. The subscribers’ market data is then activated on the trading platform once approval from an exchange is granted. The solution is designed…

Start-up VendEx Targets Market Data Inventory Segment

Transatlantic start-up VendEx Solutions is seeking to shake up the marketplace for market data inventory systems through the creation of a centralised hub for managing the relationship between financial institutions and their data providers. The company, which has just launched its VKey contract management module, is seeking to offer a modern alternative to systems offered…

Refinitiv Shareholders Agree Merger Deal with LSE, David Craig Remains CEO of Refinitiv

Following our review of the London Stock Exchange Group’s (LSEG) proposed acquisition of Refinitiv through a transaction valued at $27 billion, Refinitiv today announced that its shareholders have agreed definitive terms with LSEG on the acquisition. The approval of LSEG shareholders will be sought at a general meeting to be held before the end of…

Moody’s Acquires Climate Data Specialist

Moody’s Corporation has acquired a majority stake in Berkeley, CA-based Four Twenty Seven, a provider of provider of data, intelligence, and analysis related to physical climate risks, as part of its wider strategy to develop transparent and consistent standards for evaluating ESG risk. The new acquisition will operate under its existing brand as an affiliate…

LSE in Talks with Refinitiv on $27 Billion Merger Deal

News broke over the weekend that the London Stock Exchange (LSE) is in talks with Refinitiv to take over the former risk and finance unit of Thomson Reuters, in a transaction valued at $27 billion. Should it come to pass – and given the specificity of press reports, it seems it most likely will –…

Anova Partners NovaSparks to Deliver Sub Microsecond Market Data Processing Latency

Anova Financial Networks, an international carrier and market data provider, has partnered NovaSparks, a field programmable gate array (FPGA) market data company, to provide customers with an optimised and best-of-breed market data service connecting the Chicago Mercantile Exchange (CME) to the New Jersey Equity Triangle. The service, MicroFeed, deploys NovaSparks’ NovaTick ticker plant that conflates…

Bloomberg Embeds Dow Jones News in Terminal Service

In a move once considered unthinkable, Bloomberg has begun distributing Dow Jones News and other Dow Jones publications for free as part of its Bloomberg Terminal offering. The Dow Jones news content will run alongside Bloomberg’s own news service, which comes bundled with the Bloomberg Terminal. Under the arrangement, which started this week, Bloomberg Terminal…