Nasdaq OMX, Kyte, ACTIV and moreā€¦

Exchange operator Nasdaq OMX has joined its global data products and index businesses. The newly dubbed Global Information Services business will be led by John L. Jacobs, executive vice president at the firm.

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Nasdaq OMX consolidates data and index businesses

Exchange operator Nasdaq OMX has joined its global data products and index businesses. The newly dubbed Global Information Services business will be led by John L. Jacobs, executive vice president at the firm.

The firm’s data products business delivers market data to some 2.5 million financial professionals and individual investors in 83 countries worldwide, while the multi-asset class indices have nearly US$ trillion in notional value.

“Our product development and strategic expertise will enable us to broaden this offering as we strive to become one of the top global information providers in the financial services industry,” said Bob Greifeld, president and CEO, NASDAQ OMX.

Kyte adopts new access platform

Futures commission merchant The Kyte Group has gone live with a low-latency market access platform from trading infrastructure provider AlgoSpan.

The AlgoNet platform provides fast access to European exchanges including co-location at major venues, and was driven in part by high frequency trading firms and hedge funds wanting increased low-latency access.

The platform includes a market data feed for major European exchanges and multilateral trading facilities.

ACTIV launches Toronto-New York data feed

Market data provider ACTIV has launched a data feed for interlisted US-Canadian stocks to its Toronto data centre from its Metro NYC point of presence.

The ActivFeed service will give Toronto-based traders faster access to information about US company data and trading information, as 40% of trading volumes from Canadian companies are traded on US stock exchanges.

“As a significant amount of volume for Canadian listing trades on US exchanges, our clients need to see liquidity from both Canadian and US markets to get a full picture,” said Will Kennedy, head of sales for ACTIV.

Volante to open Dubai office

Market data firm Volante Technologies will open an office in Dubai to serve the Middle East and Africa regions and have hired payments veteran Mick Fennell to run the office as general manager, MEA.

Fennell joins Volante after twenty years at Misys, where he was most recently head of transaction banking, MEA.

“Volante is committed to helping clients navigate and manage the diverse, complex and growing mass of message formats, standards and protocols throughout the lifecycle of any financial transaction,” Fennell said.

FFastFill appoints new product strategy head

Former NYSE Euronext fixed income derivatives head Paul MacGregor has joined derivatives technology provider FFastFill as managing director of product strategy, Europe.

MacGregor will focus on expanding the firm’s global strategy and driving innovation among its product offering.

At NYSE Euronext, MacGregor spent nearly two decades working in the futures and options market.

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