Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Hart departs as News Corp shakes up Dow Jones

Financial information group Dow Jones is to combine its enterprise and consumer divisions in a shake-up that will see the departure of Clare Hart, president of the enterprise business, who had championed a Web-based distribution strategy for the group.

05 January 2010

News/Market data distribution

Bloomberg buys energy data provider

Bloomberg has acquired New Energy Finance, a UK-based provider of news, data and analysis on renewable energy, carbon markets and nuclear power. Financial terms of the deal were not disclosed.

10 December 2009

News/Market data distribution

Thomson Reuters wins Bursa Malaysia market data deal

Bursa Malaysia has contracted Thomson Reuters to build a data distribution platform to support its growing trading business.

09 December 2009

News/Market data distribution

Transparency and price discovery suffering under MiFID - CFA

Fragmentation in European equity markets has had little impact on price formation, but transparency and trade reporting have suffered under the Markets in Financial Instruments Directive (MiFID), according to a study conducted by investment body the CFA Institute.

07 December 2009

News/Market data distribution

Thomson Reuters woos algo traders with machine-readable company events

Reflecting the growing influence of computer-driven trading strategies, Thomson Reuters has expanded its machine-readable news offering to include real-time analysis of company events.

01 December 2009

News/Market data distribution

Thomson Reuters buys ESG data provider Asset4

Thomson Reuters has acquired Asset4, a Swiss provider of environmental, social responsibility and governance (ESG) data. Financial terms of the deal were not disclosed.

30 November 2009

News/Market data distribution

Thomson Reuters looks for Top Traders on facebook

Thomson Reuters is inviting students on facebook to participate in a virtual trading game with a chance to win £1000.

27 November 2009

News/Market data distribution

Interactive Data to buy Online Financial Solutions assets from Dow Jones

Interactive Data has agreed to buy the assets of Online Financial Solutions (OFS) from Dow Jones.

24 November 2009

News/Market data distribution

Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse has acquired US financial news outfit Need to Know News, in an effort to raise the profile of its market data and analytical offerings with algorithmic traders.

20 November 2009

News/Market data distribution

European Commission accuses S&P of monopoly abuse over Isin fees

The European Commission has accused Standard & Poor's of unfair pricing of fees charged for stock data codes and abusing its dominant position as the sole-appointed National Numbering Agency (NNA) for US International Securities Identification Numbers (Isins).

19 November 2009

News/Market data distribution

Google mashes up World Bank data

Google has added a raft of economic statistics from the World Bank to its new "public data" search facility.

12 November 2009

News/Market data distribution

Europe opens anti-trust probe into Reuters Instrument Codes

The European Commission has opened anti-trust proceedings against Thomson Reuters over possible abuse of its dominant market position in the supply of Reuters Instrument Codes.

10 November 2009

News/Market data distribution

LSE introduces hidden orders; delays Baikal

The London Stock Exchange is to start letting traders place hidden orders in a bid to ward off competition from dark pools. Separately, press reports claim the bourse is delaying the launch of its own dark pool, Baikal, while it continues deal talks with rival platform Turquoise.

09 November 2009

News/Market data distribution

Thomson Reuters Q3 net profit slides as markets unit sees revenues dip

Thomson Reuters posted a 59% fall in net earnings for the third quarter on integration costs and lower revenues at the recession-hit markets division.

05 November 2009

News/Market data distribution

Bloomberg smashes proprietary identifier market

Market data vendor Bloomberg is looking to create an open standard for financial instrument identifiers by making its own proprietary symbology available for free to developers and market practitioners.

04 November 2009

News/Market data distribution

Nomura launches low-latency European trading service

Nomura has launched a low latency trading service that taps networking technology from Colt to offer clients co-located software hosting connectivity to major exchanges and MTFs in Europe.

22 October 2009

News/Market data distribution

LSE tech breakdown re-ignites calls for consolidated tape

Dealing technology vendor Fidessa has re-ignited calls for the creation of a consolidated tape for European market data pricing after an outage at the London Stock Exchange last week appeared to depress trading in affected stocks.

19 October 2009

News/Market data distribution

BNP Paribas prime brokerage unit sells colocation business to Options IT

BNP Paribas' prime brokerage division has sold its hedge fund outsource technology business to vendor Options IT. Financial terms of the deal were not disclosed.

21 September 2009

News/Market data distribution

Chi-Tech launches 'exchange-neutral' European trading network

Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.

14 August 2009

News/Market data distribution

Market data rivals battle for share of wallet as terminal sales wilt

In an unprecedented announcement, Bloomberg has admitted to a fall in terminal numbers, revealing a four per cent drop from November last year. The statement was released late Tuesday, the day before the publication of second quarter 2009 results from Thomson Reuters, which highlight the positive outlook in the diversified vendor's non-financial services professional division.

06 August 2009