Market data integration specialists Rimes Technologies have added PacificData to their list of data partners. PacificBase is a Japanese company fundamentals database owned by PacificData, and it is now integrated with the analytics and international data already available through Rimes.
Tullett Prebon Information (TPI) says it has started packaging and distribution of its global commodity and energy content, as well as its established money, capital and treasury markets products. To oversee this operation, TPI has appointed Craig Tee as Head of Global Energy and Commodities. Tee joins from Genscape, where he headed up European sales on Power, Gas and Emissions. At TPI, he aims to commercialise information within the trading, risk, valuation and research areas of both the buy and sell side.
Deutsche Bank has appointed Martin Fisch, Managing Director, to Head of Complex Risk Syndication within the Global Markets division. Fisch will report to Serge Marquie, Managing Director and Head of Equity Structuring, and will continue to be based in London. In his new role, Fisch will lead a globally co-ordinated function within Deutsche Bank to syndicate complex equity risk. Fisch, who has been with Deutsche Bank since 1997, is also Head of Equity-Linked Capital Markets for Europe, Middle East and Africa.
Duncan L. Niederauer, a managing director at Goldman Sachs, has left the firm after 22 years to become president and co-chief operating officer of NYSE Group from 9 April. He joins former colleague at Goldman Sachs, John A. Thain, who was president and COO of the investment bank before becoming CEO of the New York Stock Exchange in January 2004.
Thomson Financial has appointed BT Radianz to provide network services for the new low latency Thomson DataFeed (TDF). BT Radianz will provide connectivity for TDF, giving clients access to exchanges available in low latency, as well as Thomson Financial's (TF) universe of real-time content. Thomson announced last week a global commercial agreement with Wombat Financial Software to embed their low latency technology with real-time.
High profile UK hedge fund manager, The Children's Investment Fund Management(TCI), has bought the Charles River Investment Management System to support its compliance operations. Charles River says it now has 240 investment firms in 30 countries as clients, including 60 clients in Europe, the Middle East and Africa.
The Spanish equities, bond and derivatives exchanges group Bolsasy Mercados Espa?oles (BME) says its net profit in the fourth quarter of last year climbed 41.4% to € 38.38 million, up from € 27.14 million in the same period in 2005. This helped drive profits for the year up by more than a quarter, with earnings up appreciably in all areas bar fixed income trading.
Linedata integrates Beauchamp OMS and TradingScreen trading application to create single platform for hedge fund managers
OMS provider Linedata Services says it has integrated TradingScreen's TradeSmart with Beauchamp Fund Manager, the hedge fund portfolio management system it acquired. Linedata says the integration of the two systems offers a new level of trading efficiency to hedge fund managers. It claims it also builds on the multi-asset class capabilities of both products.
BNY ConvergEx Group last week countered the notion that commission recapture was dying by announcing record new client numbers for its commission recapture business in 2006. Globally, says the firm, 279 new clients entered into commission recapture programmes with LJR Recapture Services, up from 217 in 2005, a 29% increase, year- over-year.
Software provider PerTrac Financial Solutions says that the number of hedge funds listed in databases it tracks have increased by nearly two thirds since it last looked at the market in detail in 2005.