Nymex planning an IPO

The New York Mercantile Exchange (Nymex) is planning an IPO that could value the exchange at more than $1 billion, according to news reports in New York. The move comes as exchanges in New York, Chica

Interactive Data unveils new branding initiative

Interactive Data Corporation, a leading provider of financial market data, analytics and related offerings, yesterday announced a branding initiative that includes the renaming of its three institutionally oriented businesses.

F&C Asset Management selects Charles River Development to automate pan-European front-office investment management operations

Charles River Development (Charles River), a provider of financial software and services to the global investment management community, yesterday announced that London-based F&C Asset Management (F&C) has selected the Charles River Investment Management System (Charles River IMS) to support its front office equity, fixed income and derivative operations.

Società Interbancaria per l’Automazione to launch two new MiFID-compliant market-monitoring services

Società Interbancaria per l’Automazione (Inter-bank Society for Automation, SIA) will launch, by the end of the year, two new technological services to enable each investor to identify the most suitable financial market on which to carry out its investment transactions and manage the relationship with the broker by means of an ‘electronic contract,’ the firm says.

Standard & Poor’s securities identifier product ISIDPlus expands data universe(2)

Standard & Poor’s, a provider of financial market intelligence, announced yesterday that ISIDPlus, a cross-reference securities identifier service favored by asset managers, has expanded its data universe to include more than one million issues globally. ISIDPlus’ data expansion will enable financial institutions to increase their coverage of financial instruments and corresponding information, providing complete and transparent insight into financial data for more informed decision-making, according to Standard & Poor's.

Rhyme Systems achieves B.I.S.S. MiFID Accreditation

B.I.S.S. Research, a UK research firm providing benchmarking of services and systems in the financial services sector, yesterday announced that Rhyme Systems, a provider of asset management solutions, is the latest company to achieve the B.I.S.S. MiFID Accreditation for 'rhymeSIGHT', its investment administration platform for the asset management industry.